MARCH INDY INTERNATIONAL INC
NT 10-K, 2000-03-30
BLANK CHECKS
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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 12b-25

                                                             Commission File
Number:000-25261

                           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: December 31, 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

MARCH INDY INTERNATIONAL, INC.
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Full Name of Registrant

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Former Name if Applicable

400 N Federal Highway
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Address of Principal Executive Office (Street and Number)

Hallandale, Fl 33309
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City, State and Zip Code

<PAGE>

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 Rule 12b-25(b), the following should
be completed. (Check appropriate box.) |X| Yes |_| No

|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 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

|X| (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 or portion thereof, could not be filed within
the prescribed time period.

Because the audited financial statements needed for its 10-KSB Annual Report for
the year ended December 31, 1999, will not be completed until mid-April, 2000
due to the unavailability of certain third party information.

<PAGE>

PART IV
OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this
notification

Paul Goodman, Esq.                  (212)                       697-7400
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      (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 operation for
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.

ALADDIN SYSTEMS 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 3/29/00                      By /s/ Thomas Megas
- -----------------------             ------------------------------------------
                                    Thomas Megas, President



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