<PAGE>
<TABLE>
<S> <C>
Skynet Holdings, Inc. NT 10-K Notification of Late Filing Date Filed: September 29, 1999
</TABLE>
- --------------------------------------------------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 0-25229
------------
(Check One):
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 1999
------------------------------------------------------------
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
-------------------------------------------
- --------------------------------------------------------------------------------
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
Skynet Holdings, Inc.
- --------------------------------------------------------------------------------
Former Name if Applicable
- --------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
343 So. Glasgow Avenue
Los Angeles, California 90301
- --------------------------------------------------------------------------------
City, State and Zip Code
- --------------------------------------------------------------------------------
Page 1
<PAGE>
<TABLE>
<S> <C>
Skynet Holdings, Inc. NT 10-K Notification of Late Filing Date Filed: Sepetember 29, 1999
</TABLE>
- --------------------------------------------------------------------------------
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 Rules 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,
Form N-SAR, or portion thereof, will be filed on or
before the fifteenth calendar 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.
PART III--NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period. (ATTACH EXTRA SHEETS IF NEEDED)
Due to recent acquisitions of Fleet Delivery Service on March 15, 1999 and Pony
Express Delivery Services on June 17, 1999, the Registrant needs additional time
to gather additional information necessary to file the Form 10-K for the fiscal
year ended June 30, 1999.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Martin G. Paravato, CFO 310 642-7776
--------------------------------- ----------- ------------------
(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
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 of
portion thereof?
[X] Yes [ ] No
- --------------------------------------------------------------------------------
Page 2
<PAGE>
<TABLE>
<S> <C>
Skynet Holdings, Inc. NT 10-K Notification of Late Filing Date Filed: September 29, 1999
</TABLE>
- --------------------------------------------------------------------------------
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.
The Company expects to report significant losses for the fourth quarter and
for the fiscal year ended June 30, 1999, which are significant changes over
the prior fiscal year ended June 30, 1998.
For the quarter ended June 30, 1999, the Company will report a net loss of
approximately $3.2 million on revenues of $14.4 million as compared to net
income of $203,000 on sales of $7.7 million for the comparable quarter of the
prior year. For the year ended June 30, 1999, the Company will report a net
loss of approximately $5.3 million on revenues of $41.0 million as compared to
net income of $166,000 on sales of $31.8 million for the prior fiscal year.
The results of operations were negatively impacted by the write-off of the
Company's investment in a United Kingdom's equity investee amounting to
approximately $1.6 million during the fourth quarter of the fiscal year ended
June 30, 1999.
In addition, the Company's results for the fourth quarter were negatively
impacted by expected operating losses of approximately $700,000 incurred by
recent acquisitions and approximately $1.5 million from the Company's other
operations.
- ------------------------------------------------------------------------------
Skynet Holdings, 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 September 29, 1999 /s/ Martin G. Paravato
--------------------------- -------------------------------------
Martin G. Paravato
Chief Financial 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.
ATTENTION
- ------------------------------------------------------------------------------
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001)
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
Page 3
