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SEC File Number: 0-17158
[PRIVATE]CUSIP Number: 031674203
FORM 12b-25
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
NOTIFICATION OF LATE FILING
(Check One)
[X] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1998
[ ] 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: N/A
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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: N/A
Part I - Registrant Information
Full Name of Registrant: AMNEX, Inc.
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Former name if applicable: N/A
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Address of Principal
Executive Office (Street and Number): 145 Huguenot Street, Suite 401
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New Rochelle, New York 10801
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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)
[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 or Form 10-KSB, Form 20-F,
Form 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 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.
Part III - Narrative
State below in reasonable detail the reasons why the Form 10-K or
10-KSB, 20-F, 11-K, 10-Q or 10-QSB, N-SAR or the transition report or
portion thereof, could not be filed within the prescribed time
period.
The company is in the process of finalizing is evaluation of the
carrying value of certain long lived assets under SFAS 121. The
company is also negotiating with one of its lenders for a waiver for
a certain technical covenant under its loan agreement with that
lender. The Company expects to resolve the issues shortly.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Vincent Catrini (914) 235-1003
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 of 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
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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.
See Exhibit 1
AMNEX, 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
thereunto duly authorized.
Date: March 31, 1999 /s/ Vincent H. Catrini
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Chief Financial Officer
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Exhibit 1
Part IV.
Item 3.
The Company is in the process of finalizing its evaluation of certain long
lived assets under SFAS 121. This evaluation will require review by the
Company's independent auditors, and will be completed shortly. The completion
of this evaluation will likely result in a charge against the Company's
results of operations in the fourth quarter of 1998. Upon resolution of these
aforementioned items, the Company anticipates completion of its annual audit
shortly thereafter.
