CASH TECHNOLOGIES INC
NTN 10K, 1998-10-08
BUSINESS SERVICES, NEC
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<PAGE>
 
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC  20549

                                  FORM 12b-25

                                  Commission File Number 0-
                                                          ---------------------

                          NOTIFICATION OF LATE FILING
<TABLE> 
<S>                     <C>                                          <C>   

(Check One):            [X] Form 10-K  [ ] Form 11-K  [ ] Form 20-F  [ ] Form 10-Q [ ] Form  N-SAR
For Period Ending:     May 31, 1998
                   ---------------------------------------------------------------------------   
     [ ] 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
</TABLE> 

Read the 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     CASH TECHNOLOGIES, INC.
                        --------------------------------------------------------
 
Former name if applicable
- --------------------------------------------------------------------------------

Address of principal executive office (Street and number) 1434 West 11TH Street
                                                         ----------------------
City, State and Zip Code   Los Angeles, Ca 90015
                         ------------------------------------------------------

                        PART II.  RULE 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 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 on 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 is 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 thereof could not be filed within
     the prescribed time period. (Attached extra sheets if needed.)
     SEE ANNEXED SHEET FOR EXPLANATION

<PAGE>
 
                          PART IV.  OTHER INFORMATION

     (1) Name and telephone number of person to contact in regard to this
notification
     Bruce Korman                                     (213) 745-2000
- --------------------------------------------------------------------------------
     (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 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.

     Cash Technologies, Inc.
- --------------------------------------------------------------------------------
     (Name of registrant as specified in charter)

Has cause this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date October 7, 1998                            By    /s/Bruce Korman
     --------------------------------              -----------------------------
                                                   Bruce Korman, President

          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 type 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)

                              GENERAL INSTRUCTIONS

     1.   This form is required by Rule 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.

     5.   Electronic Filers.  This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties.  Filers
unable to submit a report within the time period prescribed due to difficulties
in electronic filing should comply with either Rule 201 or Rule 202 of
Regulation S-T or apply for an adjustment in filing date pursuant to Rule 13(b)
of Regulation S-T.
<PAGE>
 
                           ANNEXED EXPLANATION SHEET

     Cash Technologies, Inc. (the "Company") is unable to file its Form 10KSB
for the year ended May 31, 1998 without unreasonable expense and effort due to
its inability to finish the required financial statements with sufficient time
for management to review the financial statements with its independent
accountants and to prepare the management discussion and analysis.  The Company 
only recently retained new independent accountants who require sufficient time 
to review the Company's financial statements and to conduct its audit of the 
Company's book and records.


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