UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25 SEC FILE NUMBER
000-12162
NOTIFICATION OF LATE FILING ---------------
CUSIP NUMBER
625430 10 3
(Check One): |X|Form 10-K |_|Form 20-F |_|Form 11-K |_|Form 10-Q |_|Form N-SAR
For Period Ended: 1/31/00
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( ) 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:_____________________________________
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Read Instructions (on back page) 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.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
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Full Name of Registrants:
Multi Solutions, Inc.
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Former Name if Applicable
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Address of Principal Executive Offices (Street and Number)
4262 US Route 1,
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City, State and Zip Code
Monmouth Jct. , NJ 08852
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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 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 on Form 10-KSB will be filed on or before
the fifteenth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12(b)-25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why the Form 10-KSB could not be
filed within the prescribed time period. (Attach Extra Sheets If Needed)
"The financial statements and Managements Discussion are not completed."
<PAGE>
PART IV --OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Charles Lombardo 732 329-9200
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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 reports) been filed? If answer is
no, identify report(s).
|_| Yes |X| No
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(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
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 anticipated consolidated loss for the year ended 01/31/00 is
($325,000)compared to net income of $49,000 for the year ended 01/31/99.
Included in the loss for the year ended 01/31/00 is a "loss from discontinued
operations" of our NetCast subsidiary of approximately ($150,000) and start up
losses of our newly-formed subsidiary, Freetrek.com, Inc., of approximately
($200,000). In addition, net income of our subsidiary, Multi Soft, Inc.,
decreased by approximately $75,000 due to reduced maintenance revenues. Freetrek
received approximately $621,000 in proceeds on sale of common stock.
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Multi Solutions, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on their behalf by the undersigned
hereunto duly authorized.
Date April 26, 2000 By /s/ Charles J. Lombardo
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Charles J. Lombardo
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.
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INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).
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