UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form 10D [ ] Form N-SAR [ ] Form N-CSR
For Period Ended: March 31, 2005
[ ] 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:
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READ INSTRUCTION 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.
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If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
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PART I
REGISTRANT INFORMATION
iLinc Communications, Inc.
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Full name of registrant
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Former name if applicable
2999 North 44th Street, Suite 650
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Address of principal executive office (STREET AND NUMBER)
Phoenix, AZ 85018
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City, state and zip code
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.)
|(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, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion
| thereof, will be filed on or before the fifteenth calendar day
[X] | following the prescribed due date; or the subject quarterly report or
| transition report on Form 10-Q or subject distribution report on Form
| 10-D, 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 Forms 10-K, 20-F, 11-K, 10-Q, 10-D,
N-SAR, N-CSR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
The registrant changed auditors during the third quarter of its fiscal year
that ended March 31, 2005. The registrant's financial statement audit at and for
the year ended March 31, 2005 could not be completed without unreasonable effort
or expense. The new auditor needed additional time to perform the audit because
this is a new engagement of the auditor and the audit is taking a longer time
than anticipated. Additionally, the review required by the registrant's prior
auditor is taking longer than anticipated.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
David J. Iannini (602) 952-1200 ext. 1536
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(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
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(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 statement 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.
iLinc Communications, Inc
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(Name of registrant as specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: June 29, 2005 By: /s/ David J. Iannini
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Chief Financial Officer
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PART IV - ATTACHMENT
iLinc Communications, Inc. (the "Company") anticipates reporting an
increase in its net loss available to common stockholders from $2.3 million for
the 12 months ended March 31, 2004 to approximately $5.4 million for the 12
months ended March 31, 2005. The Company anticipates reporting an increase in
revenues from $5.9 million during the year ended March 31, 2004 to approximately
$10.4 million for the year ended March 31, 2005. The anticipated results for the
year ended March 31, 2005 should be considered estimates pending completion of
the audit of the Company's financial statements at and for the year ended March
31, 2005.
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