SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number: 0-29754
NOTIFICATION OF LATE FILING
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(Check One): [X] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 1998
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[ ] Transition Report on Form 10-K [ ] Transition Report on
Form 10-Q [ ] Transition Report on Form 20-F [ ] Transition
Report on Form N-SAR [ ] Transition Report on Form 11-K 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:
Part I. REGISTRANT INFORMATION
Full name of registrant: Amertranz Worldwide Holding Corp.
Former name if applicable _____________________________________________
112 East 25th Street
Address of principal executive office (Street and number)
Baltimore, Maryland 21218
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 expenses and the registrant seeks relief pursuant to Rule 12b-25, the
following should be completed. (Check appropriate box).
[X] (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort
or expense;
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[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, 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, 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 the reasons why Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion could not be
filed within the prescribed time period. (Attached extra sheets if
needed.)
On July 13, 1998, the registrant sold the assets of one of its operating
subsidiaries. In connection with this action, the registrant is required to make
numerous adjustments with respect to its financial statements and other
information set forth in its Annual Report for the fiscal year ended June 30,
1998. The registrant has not completed all work in connection with these
adjustments.
Part IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
Stuart Hettleman 410 338-0127
(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
(3) Is it anticipated that any significant change in results of
operation from the corresponding period for the last 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 applicable, state the reason why a
reasonable estimate of the results cannot be made.
AMERTRANZ WORLDWIDE HOLDING CORP. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
Date: September 28, 1998 By: /s/ Stuart Hettleman
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Stuart Hettleman
President
C70277A.198
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Amertranz Worldwide Holding Corp.
Commission File Number: 0-29754
Form 12b-25 (Notification of Late Filing)
Form 10-K for the fiscal year ended June 30, 1998
Explanation to Part IV, Item 3
The registrant's operating income for the fiscal year ended June 30, 1998 is
$1,173,298, compared to an operating (loss) of ($9,239,437) for the fiscal year
ended June 30, 1997. In addition, as a result of the July 13, 1998 sale of the
assets of one of the registrant's operating subsidiaries, the registrant will
realize a tax benefit for the registrant's fiscal year ended June 30, 1998 and
will report net income of $7,403,643 for the fiscal year ended June 30, 1998,
compared to a net (loss) of ($10,508,334) for the fiscal year ended June 30,
1997.
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