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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
Commission File Number 000-23369
NOTIFICATION OF LATE FILING
[ ] FORM 10-KSB [ ] FORM 20-F [ ] FORM 11-K [X] FORM 10-QSB [ ] FORM N-SAR
For period Ended: March 31, 1999
[ ] Transition Report on Form 10-KSB
[ ] 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: Not applicable.
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 1
REGISTRANT INFORMATION
Full Name of registrant: Fix-Corp International, Inc.
Former name, if applicable: N/A
Address of principal executive office: 3637 South Green Road, Suite 201
City, state and zip code: Beachwood, OH 44122
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 box if appropriate.)
[X] (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 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 of Form 10-Q,
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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 thereof could not be filed within
the prescribed time period.
As previously reported on Form 8-K dated as of February 15, 1999 ("8-K"),
which is incorporated herein by reference, on February 17, 1999, Fix-Corp
International, Inc. (the "Company") filed a voluntary petition for
protection from creditors under Chapter 11 of Title 11 of the U.S.
Bankruptcy Code in the Southern District of Ohio, Eastern Division, Case
No. 99-51289.
The Company previously disclosed on Form 12b-25 filed with the Commission on
March 31, 1999, that its preparation and filing of its Form 10-KSB for the
period ended December 31, 1998 would not be timely filed as a result of
bankruptcy issues.
As a result of continued time and effort being expended by the Company and
its advisors in connection with its bankruptcy and the preparation of its
audit for fiscal year 1998, and the filings related thereto, the Company
will not be in a position to timely file its first fiscal quarter 1999 Form
10-QSB.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification: Mark P. Hershhorn - 216-292-3182.
(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
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Registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
Fiscal year 1998 Form 10-KSB [ ] Yes [X] 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?
To the best of our knowledge at this time: [ ] 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.
FIX-CORP INTERNATIONAL, INC.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 17, 1999 By: /s/
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Mark P. Hershhorn, Chairman & CEO
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GOODMAN WEISS MILLER LLP
100 Erieview Plaza, 27th Floor
Cleveland, OH 44114-1824
phone: (216) 696-3366
fax: (216) 363-5835
May 17, 1999
VIA EDGAR
Division of Corporation Finance
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Fix-Corp International, Inc. (the "Company")
Form 12b-25
File No. 000-23369
Ladies and Gentlemen:
Attached is the Company's Form 12b-25 notifying you that its first
fiscal quarter 1999 Form 10-QSB will not be filed on a timely basis.
Should you have any questions or comments, please contact the
undersigned.
GOODMAN WEISS MILLER LLP
/s/ Ronald I. Weiss
