UNITED STATES OMS APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB Number:
3235-0058
Washington, D.C. 20549 Expires: June
30, 1994
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FORM 12b-25
SEC FILE
NUMBER
0-17206
NOTIFICATION OF LATE FILING
(Check One): [x]Form 10-K [ ] Form 20-F [ ]Form CUSIP NUMBER
10-Q [ ] Form N-SAR
561704305
For Period Ended: April 30, 1995
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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 Instruction (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:
Management Technologies Inc.
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Full Name of Registrant
Former Name if Applicable
630 Third Avenue, 15th Floor
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Address of Principal Executive Office (Street and Number)
New York, NY 10017
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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 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 of 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
Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K,
11-K, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period. (Attach
Extra Sheets if Needed)
The Company's shareholders elected new outside directors at the
April 28, 1995 Annual Stockholders' meeting. The new Board of
Directors includes four foreign nationals resident outside the
United States. Three of these directors have outside business
interests and travel extensively overseas. Due to the problems
that the Company has encountered in gaining Directors' approval
for the Annual Report on Form 10-KSB, the Company has not been
able to finalize the report by the statutory filing date.
(Attach Extra Sheets if Needed)
SEC 1344 (11.91)
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Patrick Huguenin (212) 983-5620
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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 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?
Yes.
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 Company has completed two major business acquisitions
during the course of the fiscal year materially changing the
size and structure of the Company. It has, following those
acquisitions undertaken a restructuring and repositioning of
its operations. The Company will report revenues of
approximately $18,000,000 and a net loss of approximately
$4,000,000 for the fiscal year. The comparative results for
the corresponding period in the last fiscal year were
revenues of $2,000,000 and net losses of $8,000,000.
Management Technologies, 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 28, 1995 By: /s/ S. Keith Williams
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S. Keith Williams, President and C.O.O.
INSTRUCTION: The form may be singed 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.
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 Commission 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 notifications 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 amended notification.
