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                                                 ------------------------------
                                                        SEC FILE NUMBER

                                                 333      61286
                                                 ------------------------------

                                                 ------------------------------
                                                         CUSIP NUMBER


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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12B-25
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                           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: August 31, 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:
                                               ------------------------

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  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:

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PART I - REGISTRANT INFORMATION

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Full Name of Registrant

City Network, Inc.
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Former Name if Applicable

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

#13F, No. 77, Hsin Tai Wu Road, Sec. 1
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City, State and Zip Code
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His-Chin, Taipei County, Taiwan ROC 89103-4754

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                                     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;
           |   (b)  The subject annual report, semi-annual report, transition
           |        report on Form 10-K, Form 20-F, 11-K, Form N-SAR or From
    |X|    |        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:  October 8, 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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