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

                          FORM 12b-25
                                                           OMB Number: 3235-0058
                                                           Expires:March 31,2006
                                                           Estimated average
                                                           burden hours per
                                                           response.........2.50

                                                             SEC FILE NUMBER
                  NOTIFICATION OF LATE FILING
                                                           001    31959

                                                               CUSIP NUMBER


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


                For Period Ended: May 31, 2004
                                  ------------

                [ ]  Transition Report on Form 10-K
                [ ]  Transition Report on Form 20-F
                [ ]  Transition Report on Form 11-K
                [X]  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.
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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
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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
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 N-CSR, or
              portion thereof, will be filed on or before the fifteenth calendar
[X]           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 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 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 [X] such reports) been filed?
      If 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 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.

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                               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 :    July 15, 2004                        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.

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                                    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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