U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
For the period ended: Fiscal year ended November 30, 1997
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-K
[ ] 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.
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If the notification relates to the 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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HOSPITAL STAFFING SERVICES, INC.
(Full Name of Registrant)
6245 North Federal Highway, Suite 500
(Address of Principle Executive Office)
Fort Lauderdale, Florida 33308-1900
(City, State and Zip Code)
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<PAGE>
Part II - Rules 12b-25 (b) and (c)
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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;
(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 fifteenth 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
(c) The accountant's statement or other exhibit required by 12b-25
(c)has been attached if applicable.
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Part III - Narrative
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State below in reasonable detail the reasons why 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.
Registrant was unable to file its Form 10-K within the prescribed time period
because significant subsequent events and/or transactions are being considered
which, if consummated, would result in material adjustments and/or disclosure in
the 1997 10-K. Also, the registrant's independent public accountants, Arthur
Andersen LLP, have not completed their audit of the registrant's Consolidated
Financial Statements to be included in the Form 10-K and cannot complete such
audit until issues related to aforementioned subsequent events and/or
transactions are resolved.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to thisnotification
Ronald G. Huneycutt (954) 771-0500 282
(Name) (Area Code) (Telephone Number) (Ext)
(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 the 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
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.
Refer to Attachment #1 for explanation.
<PAGE>
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Part IV - Other Information cont'd
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HOSPITAL STAFFING SERVICES, INC. (Name of Registrant as specified in charter)
has caused this notification to be signed on behalf by the undersigned thereunto
duly authorized.
Date March 3, 1998 By /s/Ronald G. Huneycutt
Ronald G. Huneycutt, Vice President of
Finance and Chief Financial Officer
(principal accounting officer)
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ATTACHMENT #1 - Part IV (3)
The registrant expects to incur a significant net loss for the year ended
November 30, 1997. The amount of such loss cannot be reasonably estimated at
this time due to the factors described in Part III.
ATTACHMENT #2 - Part II (c)
Independent Auditors Letter follows:
March 3, 1998
Mr. Ronald G. Huneycutt
Chief Financial Officer
Hospital Staffing Services, Inc.
6245 North Federal Highway, Suite 500
Fort Lauderdale, Florida 33308-1900
RE: Hospital Staffing Services, Inc. - Form 12b-25 dated March 3, 1998
Dear Mr. Huneycutt:
We have read the narrative in Part III of the above-mentioned form and are in
agreement with the statements about our firm made therein.
We understand that this letter will be filed as an attachment to the
above-mentioned form.
/s/ARTHUR ANDERSEN LLP
