U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-14060
(CHECK ONE): CUSIP NUMBER
461190100
[ x ] Form 10-K and Form 10-KSB [ ] Form 20-F
[ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] 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:
READ ATTACHED INSTRUCTION SHEET 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
Full Name of Registrant
Intrenet, Inc.
Former Name if Applicable
Address of Principal Executive Office (Street and Number)
400 TECHNECENTER DRIVE, SUITE 200
City, State and Zip Code
MILFORD, OHIO 45150
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)
[<para>23,047], the following should be completed. (Check box if
appropriate)
[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, 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 [Amended in Release No. 34-26589
(<para>72,435), effective April 12, 1989, 54 F.R. 10306.]
[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 and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or
portion thereof could not be filed within the prescribed period. [Amended
in Release No. 34-26589 (<para>72,439), effective August 13, 1992, 57 F.R.
36442.]
(Attach Extra Sheets if Needed)
The Registrant is in the process of analyzing the possible impact of
recent operational trends, primarily extraordinary increases in fuel
prices, on the ability of the Registrant to meet financial covenants
included in its current bank loan agreement. The outcome of this analysis
may result in additional disclosures in the notes to the Company's
financial statements, additional disclosure in management's discussion of
liquidity and capital resources and may impact the report of the
Registrant's independent auditors on the financial statements to be
included in the Annual Report on Form 10-K. For these reasons, the
Registrant does not believe that it is possible or appropriate to file any
portion of the Annual Report on Form 10-K at this time. The Registrant
intends to file its Form 10-K within fifteen calendar days.
PART IV-OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
THOMAS J. BELL 513 576-6666
(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 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.
As previously announced, the Registrant reported losses for the
three-months ended December 31, 1999 and the year ended December 31, 1999
as compared to net profits for the comparable periods of 1998. The 1999
losses result principally from one-time charges related to the settlement
of contingent liability for pension fund obligations, severance payments to
former management, and the write-down of certain assets. In addition, 1999
operating results have been adversely affected by significant increases in
fuel costs and a shortage of drivers. The net loss is $2.5 million for the
three-month period ended December 31, 1999 and $4.8 million for the year.
INTRENET, INC.
- -----------------------------------------------------------------
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date MARCH 31,2000 By: /S/ THOMAS J. BELL
Thomas J. Bell,
Chief Financial Officer
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.
<PAGE>
[LETTERHEAD OF ARTHUR ANDERSEN LLP]
VIA TELECOPY
March 30, 2000
Mr. Thomas J. Bell
Chief Financial Officer
Intrenet, Inc.
400 TechneCenter Drive, Suite 200
Milford, Ohio 45150
Dear Mr. Bell:
We have read the Form 12b-25 for Intrenet, Inc. setting forth the
reasons for its inability to timely file its annual report on Form 10-K for
the year ended December 31, 1999, and are in agreement with the statements
made therein.
Very truly yours,
/s/ ARTHUR ANDERSEN LLP
