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                        UNITED STATES                             OMB APPROVAL
               SECURITIES AND EXCHANGE COMMISSION        OMB Number:           3235-0058
                   Washington, D.C. 20549                Expires:          March 31,2006
                                                         Estimated average burden hours
                         FORM 12b-25                     per response...............2.50
                                                        --------------------------------
                                                        --------------------------------
                                                                  SEC FILE NUMBER

                                                         333      61286
                                                        --------------------------------
                                                        --------------------------------
                                                                  CUSIP NUMBER

                                                        --------------------------------

                         NOTIFICATION OF LATE FILING


(Check One): |_|Form 10-K    |_| Form 20-F    |_|Form 11-K    |X| Form 10-Q
             |_|Form N-SAR   |_|  Form N-CSR


                       For Period Ended: November 30, 2003
                                         -----------------

                       [  ]   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

City Network, Inc.
--------------------------------------------------------------------------------
Former Name if Applicable

Investment Agents, Inc.
--------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)

#13F, No. 77, Hsin Tai Wu Road, Sec. 1
--------------------------------------------------------------------------------
City, State and Zip Code

His-Chin, Taipei County, Taiwan ROC 89103-4754

--------------------------------------------------------------------------------


                                     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, Form N-SAR or |X| From N-CSR, or portion
          thereof, will be filed on or before the fifteenth calendar day
          following the prescribed due date; or the subject quarterly report of
          transition report on Form 10-Q, 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.

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                                    PART III
                                    NARRATIVE

     State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K,
10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be
filed within the prescribed time period.

The report of City Network, Inc. on Form 10-QSB could not be filed within the
prescribed time period because the Company's financial statements were not
completed and could not be completed within the prescribed time period without
unreasonable effort or expense. As a result, the Company could not solicit and
obtain the necessary review of the Form 10-QSB and signature thereto in a timely
fashion prior to the due date of the report.

                                     PART IV
                                OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
     notification

          Mitchell S. Nussbaum, Esq.             212               407-4159
         ---------------------------         -----------      ------------------
                    (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 reports) 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?                                                     |_| Yes |X| 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.

-------------------------------------------------------------------------------

                               City Network, Inc.
                  -------------------------------------------
                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.


Date : January 13, 2003                          By: /s/ Tiao Tsan Lai
                                                     --------------------------
                                                     Name:  Tiao Tsan Lai
                                                     Title: President and Chief
                                                            Executive 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).


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                              GENERAL INSTRUCTIONS

1.   This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
     Rules and Regulations under the Securities Exchange Act of 1934.

2.   One signed original and four conformed copies of this form and amendments
     thereto must be completed and filed with the Securities and Exchange
     Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
     General Rules and Regulations under the Act. The information contained in
     or filed with the form will be made a matter of public record in the
     Commission files.

3.   A manually signed copy of the form and amendments thereto shall be filed
     with each national securities exchange on which any class of securities of
     the registrant is registered.

4.   Amendments to the notifications must also be filed on form 12b-25 but need
     not restate information that has been correctly furnished. The form shall
     be clearly identified as an amended notification.


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