-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PVdDrDUK1BBlEMp2VN/VPy+BIFTUhkWbzhwM1sTxSKDO0pJksenzsF0joPqd3dtk bCkThSbnspTqCIHFUmN09Q== 0001116502-02-000653.txt : 20020515 0001116502-02-000653.hdr.sgml : 20020515 20020515115528 ACCESSION NUMBER: 0001116502-02-000653 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020331 FILED AS OF DATE: 20020515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: A NOVO BROADBAND INC CENTRAL INDEX KEY: 0000893139 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 311239657 STATE OF INCORPORATION: OH FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-23111 FILM NUMBER: 02649478 BUSINESS ADDRESS: STREET 1: 3015 GREENE STREET CITY: HOLLYWOOD STATE: FL ZIP: 33020 BUSINESS PHONE: 954-921-3870 MAIL ADDRESS: STREET 1: 8303 GREEN MEADOWS DR N CITY: LEWIS CENTER STATE: OH ZIP: 43035 FORMER COMPANY: FORMER CONFORMED NAME: CABLE LINK INC DATE OF NAME CHANGE: 19970912 NT 10-Q 1 anovo-nt10q.txt NOTIFICATION OF LATE FILING SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 Commission File Number 0-23111 NOTIFICATION OF LATE FILING (Check One): [_] Form 10-K [_] Form 11-K [_] Form 20-F [X] Form 10-QSB [_] Form N-SAR For Period Ended: March 31, 2002 [_] Transition Report on Form 10-K [_] Transition Report on Form 20-F [_] Transition Report on Form 11-K [_] Transition Report on Form 10-Q [_] Transition Report on Form N-SAR For the Transition Period Ended:______________________________________ Read attached instruction sheet before preparing form. Please print or type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates: ________________________ PART I REGISTRANT INFORMATION Full name of registrant: A NOVO BROADBAND, INC. Former name if applicable: CABLE LINK, INC. ________________________________________________________________________________ Address of principal executive office (Street and number) 196 Quigley Boulevard ________________________________________________________________________________ City, state and zip code New Castle, Delaware 19720 ________________________________________________________________________________ PART II RULE 12b-25(b) AND (c) If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.) [X] | (a) The reasons described in reasonable detail in Part III of this | form could not be eliminated without unreasonable effort or | expense; | | (b) The subject annual report, semi-annual report, transition report | on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will | be filed on or before the 15th calendar day following the | prescribed due date; or the subject quarterly report or | transition report on Form 10-QSB, or portion thereof will be filed | on or before the fifth calendar day following the prescribed due | date; and | | (c) The accountant's statement or other exhibit required by Rule | 12b-25(c) has been attached if applicable. PART III NARRATIVE State below in reasonable detail why the Form 10-K, 11-K, 20-F 10-QSB, N-SAR or the transition report portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.) An extension of time to prepare and submit Registrant's Report on Form 10-QSB is being requested because refinancing of the Registrant's bank debt and restructuring of its debt owed to an affiliate are currently in process and the imminent outcome of the refinancing and restructuring will have a material impact on the report; accordingly management could not prepare and file the Form 10-QSB without unreasonable effort or expense. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification William Kelly (302) 322-6088 --------------------------------------------------------------------------- (Name) (Area Code) (Telephone Number) (2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). [X] Yes [_] No (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [X] Yes [_] No If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. The Company's sales for the second quarter of 2002 increased 25% to $5.0 million, as compared to $4.0 million for the second quarter of 2001. The Company focused its business more on the repair of set top boxes and increased its efforts to provide logistics services to its customers, and its revenue from these sources increased in the second quarter of 2002 from the corresponding quarter of 2001. Sales from the Company's now-discontinued international and domestic distribution activities and brokerage sales decreased, due to both decreased demand and the termination of these activities mid-way through the quarter. As the Company has now discontinued its brokerage and distribution activities, the Company expects no further revenues from these sources. Cost of goods sold was 94% of sales in the second quarter of fiscal 2002, compared to 73% in the 2001 quarter. The overall cost of goods sold increased as a percentage of revenues as a result of the overall reduction in combined revenues from brokerage and distribution services, and the low margins resulting from liquidation of the associated inventories. The Company also continued to incur increased labor expense (recognized in cost of goods sold) associated with increases in repair capacity which was not fully utilized during the current period. Operating expenses increased 64% in the second quarter of 2002 to $2.3 million, as compared to $1.4 million in the second quarter of the prior year. The increase reflected certain non-recurring items. A NOVO BROADBAND, INC. - -------------------------------------------------------------------------------- (Name of Registrant as Specified in Charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date May 15, 2002 By /s/ William Kelly ------------------- --------------------------------------------- William Kelly Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----