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UNITED STATES OMB NUMBER: 3235-0058
SECURITIES AND EXCHANGE COMMISSION
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FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 000-18686
CUSIP NUMBER
695810309
(Check one): ( ) Form 10-K ( ) Form 10-KSB ( ) Form 11-K ( ) Form 20-F
( ) Form 10-Q ( X ) Form 10-QSB ( ) Form N-SAR
For Quarter Ended: May 31, 2000
( ) 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:__________________
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.
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
Pak Mail Centers of America, Inc.
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Full Name of Registrant
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Former Name if Applicable
7173 South Havana, Suite 600
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Address of Principal Executive Officer (Street and Number)
Englewood, Colorado 80112
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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 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, semi-annual report, transition report on
Form 10-K, Form 10-KSB, 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 or
transition report on Form 10-Q, Form 10-QSB, 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.
<PAGE>
PART III -- NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB or N-SAR or portion thereof, could not be filed within the
prescribed time period
Due to pressing business matters, Registrant has encountered delays in
completing its Quarterly Report on Form 10-QSB for the quarter ended May 31,
2000 in a timely manner. Registrant anticipates that its Quarterly Report on
Form 10-QSB for the quarter ended May 31, 2000 will be filed on or before July
19, 2000.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
James Q. Race (303) 957-1000
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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 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.
For the quarter ended May 31, 2000, Registrant anticipates that it will
report a net loss of approximately $517,026, or approximately $.13 per
share, compared to a net loss of $62,222, or $.02 per share, for the
quarter ended May 31, 1999. The primary reasons for this change are that
during the quarter ended May 31, 2000: (a) Registrant was unable to sublet
its former office space, which remains vacant and resulted in approximately
$50,000 in rent expense; (b) Registrant's Bad Debt Reserve was analyzed and
determined to be short by $67,649, and (c) Registrant incurred
approximately $362,854 in amortization expense directly related to its PSS
software released in February 2000. Due to the non-functionality of certain
aspects of the program, Registrant incurred significant costs to corrects
bugs in the program and then the decision was made to completely re-write
the program using a different database to ease the maintenance and
modularity of the program.
PAK MAIL CENTERS OF AMERICA, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: July 17, 2000 By: /s/ James Q. Race
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James Q. Race
Chief Financial Officer, Treasurer
and Secretary
<PAGE>
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 an
authorized representative (other than an executive officer) signs the statement
on behalf of the registrant, 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)
GENERAL INSTRUCTIONS
1. This Form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this Form and amendments
thereto must be completed and filed with the Securities and Exchange Commission,
Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and
Regulations under the Act. The information contained in or filed with the Form
will be made a matter of public record in the Commissions files.
3. A manually signed copy of the form and amendments thereto shall be filed with
each national securities exchange on which any class of securities of the
registrant is registered.
4. Amendments to the notification must also be filed on Form 12b-25 but need not
restate information that has been correctly furnished. The Form shall be clearly
identified as an amendment notification.
5. Electronic Filers. This form shall not be used by electronic filers unable to
timely file a report solely due to electronic difficulties. Filers unable to
submit a report within the time period prescribed due to difficulties in
electronic filing should comply with either Rule 201 or Rule 202 of Regulation
S-T (ss.232.201 or ss.232.202 of this chapter) or apply for an adjustment in
filing date pursuant to Rule 13(b) of Regulation S-T (ss.232.13(b) of this
chapter).
