SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 001-13669
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(Check one)
[_] Form 10-K and Form 10-KSB [_] Form 11-K [_] Form 20-F
[X] Form 10-Q and Form 10-QSB [_] Form N-SAR
For period ended JUNE 30, 2005
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___ Transition Report on Form 10-K and Form 10-KSB
___ Transition Report on Form 20-F
___ Transition Report on Form 11-K
___ Transition Report on Form 10-Q and Form 10-QSB
___ 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 TAG-IT PACIFIC, INC.
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Former name if applicable
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Address of principal executive office (STREET AND NUMBER)
21900 BURBANK BLVD, SUITE 270
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City, state and zip code WOODLAND HILLS, CALIFORNIA 93167
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12b25-1
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
[X] | report on Form 10-K, 10-KSB, 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-Q, 10-QSB,
| or portion thereof will be filed on of 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 the reasons why Form 10-K, 10-KSB,
11-K, 20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could
not be filed within the prescribed time period. (Attach extra sheets if needed.)
The Registrant's Form 10-Q, for the quarter ended June 30,
2005, could not be filed within the prescribed time period because
certain information and data relating to and necessary for the
completion of the Registrant's financial statements and management's
discussion and analysis of financial condition and results of
operations could not be obtained by Registrant within such time period
without unreasonable effort or expense.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
AUGUST DELUCA (818) 444-4100
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or
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 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.
12b25-2
TAG-IT PACIFIC, 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 thereunto duly authorized.
Date AUGUST 15, 2005 By /S/ AUGUST DELUCA
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Name: August Deluca
Title: Chief Financial Officer
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 18 U.S.C. 1001).
12b25-3
PART IV - OTHER INFORMATION
(3) EXPLANATION OF ANTICIPATED CHANGE
The Registrant expects to report revenue of approximately $18 million for the
second quarter of 2005, an increase of approximately 21 percent compared to the
$14.9 million reported for the second quarter of last year. The Registrant also
will report a significant operating loss during the quarter, due in part to an
increase in reserves for accounts receivable, inventory and net deferred tax
asset. The amount of these reserves, and their impact on operating loss for the
quarter, have not been finally determined at the time of filing this report. For
the second quarter of 2004, the Registrant reported income from operations of
$398,563, and net income of $170,319.
12b25-4