SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number: 0-7885
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q
[ ] Form N-SAR For Period Ended: March 31, 1999
[ ] 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:__________________________
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: Universal Security Instruments, Inc.
Former name if applicable _________________________________________
10324 South Dolfield Road
Address of principal executive office (Street and number)
Owings Mills, Maryland 21117
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;
[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.)
The registrant owns a 50% interest in a Hong Kong joint venture operating in the
People's Republic of China the "Joint Venture"). Pursuant to Rule 3-09 of
Regulation S-X, the registrant is required to file separate, audited
financial statements for the Joint Venture in accordance with United States
generally accepted accounting principals (U.S. GAAP). Such financial statements
have not yet been completed and reviewed in accordance with U.S. GAAP.
Part IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Harvey B. Grossblatt 410 363-3000
(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). [ ] 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.
UNIVERSAL SECURITY INSTRUMENTS, INC. has caused this notification to be signed
on its behalf by the undersigned thereunto duly authorized.
Date: June 29, 1999 By: /s/ Harvey B. Grossblatt
Harvey B. Grossblatt
President
Universal Security Instruments, Inc.
Commission File Number: 0-7885
Form 12b-25 (Notification of Late Filing)
Form 10-K for the fiscal year ended March 31, 1999
Explanation to Part IV, Item 3
The registrant's net loss for the fiscal year ended March 31, 1999 is $806,552,
compared to a net loss of $445,126 for the fiscal year ended March 31, 1998.
