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U.S. Securities and Exchange Commission
Washington, D.C. 20549
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FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number: 33-37023-D
(Check One):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 2001
[ ] 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:
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
Part I - Registration Information
Full Name of Registrant: Laidlaw Global Corporation
Former Name if Applicable: Fi-Tek V, Inc.
Address of Principal Executive
Office: 100 Park Avenue
New York, NY 10017
Part II - Rules 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)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense [x]
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed
on or before the fifteenth calendar day following the prescribed due date;
or the subject quarterly report or transition report on Form 10-Q, or
portion thereof will be filed on or before the fifth calendar day following
the prescribed due date [x]
(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 the reasons why Form 10-K and Form 10KSB, 10-Q
and Form 10-QSB, N-SAR, or the transition report or portion thereof could not be
filed within the prescribed period.
As a result of unexpected delays in gathering the data necessary to
finalize the financial statements and accompanying notes of the Registrant's
Form 10-KSB and resignation of Registrant's accountant on March 5, 2002, the
report on Form 10-KSB could not be timely filed without unreasonable effort or
expense.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Roger Bendelac (212) 376-8865
(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 reason why a reasonable
estimate of the results cannot be made.
It is anticipated that the earnings statement of the Registrant will report
a loss of approximately $12,250,000 from operations for twelve months ended
December 31, 2001 as opposed to net loss of approximately $5,712,556 for the
twelve month period ending December 31, 2000.
Laidlaw Global Corporation
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 29, 2002 By: /s/ ROGER BENDELAC
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Roger Bendelac
Chairman
INSTRUCTION: The form may be signed by an executive officer of the Registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the Registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (see U.S.C. 1001).