U.S. SECURITIES AND EXCHANGE COMMISSION OMB NUMBER
Washington, D.C. 20549 3235-0058
SEC FILE NUMBER
0-9160
FORM 12b-25 CUSIP NUMBER
458134103
NOTIFICATION OF LATE FILING
(CHECK ONE): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: _________________________________________
[ ] 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: ___________________________
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
n/a
______________________________________________________________________________
PART I -- REGISTRANT INFORMATION
Intek Diversified Corporation
Full Name of Registrant: ____________________________________________________
n/a
Former Name if Applicable: ___________________________________________________
214 Carnegie Center, Suite 304
______________________________________________________________________________
Address of Principal Execution Office (STREET AND NUMBER)
Princeton, NJ 08540-6237
______________________________________________________________________________
City, State and Zip Code
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. [X] (Check box if appropriate)
(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, Form 20-F, 11-K, Form
<PAGE>
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)
Registrant's Annual Report on Form 10-K could not be filed by Registrant
within the period prescribed for such report because of Registrant's
difficulty in obtaining and compiling financial data and information required
in connection with the year-end audit of Registrant's financial statements.
Consequently, Registrant's accountants were unable to complete their audit by
December 29, 1997. The financial data and information required by
Registrant's accountants could not have been compiled by Registrant within the
prescribed period without unreasonable effort and expense.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Lee R. Montellaro 609 419-1222 X109
___________________________ _______ __________________
(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 or portion thereof?
[X] Yes [ ] No
The Company expects to report a net loss of $27,999,000 on
revenues of $42,284,000 for fiscal 1997 compared to a net loss of
$9,089,000 on revenues of $23,899,000 for fiscal 1996.
- ------------------------------------------
<PAGE>
INTEK DIVERSIFIED CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
12/29/97 /S/ Lee R. Montellaro
Date _______________________ By ______________________________________
Lee R. Montellaro
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>
EXHIBIT INDEX
Exhibit 1 Letter of Arthur Andersen LLP .......................... p. 5
[ARTHUR ANDERSEN LLP LETTERHEAD]
December 29, 1997
Securities and Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
Re: INTEK DIVERSIFIED CORPORATION
Dear Sirs/Madams:
We are independent auditors for Intek Diversified Corporation and are in the
process of completing our audit for the year ended September 30, 1997. We
anticipate completing our audit within the next two weeks upon the receipt and
evaluation of additional information relating to certain necessary financial
statement disclosures.
Very truly yours,
ARTHUR ANDERSEN LLP
CS
