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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 12b-25
Notification of Late Filing
Commission File Number 0-15960
(Check One): [X] Form 10-K and Form 10-KS Form 11-K
Form 20-F
Form N-SAR
For the period ended December 31, 1999
Transition Report on Form 10-K and 10-KSB
Transition Report on Form 20-F
Transition Report on Form 11-K
Transition Report on Form 10-Q and Form 10-QSB
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.
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: U.S. Technologies Inc.
Former name if applicable: CareAmerica Inc.
Address of principal executive office (Street and Number)
2001 Pennsylvania Avenue, Suite 675
City, State and Zip Code: Washington, D.C. 20006
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PART II
RULE 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 appropriate box.)
- (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 Forms 10-K,
10-KSB, 20-F, 11-K or Form N-SAR, or
portion thereof will be filed on or before
the 15th calendar day following the
prescribed due date; or the subject
quarterly report or transition report on
Form 10-Q, 10-QSB, or portion thereof will
be filed on or before the fifth calendar
day following the prescribed due date; and
[X] (c) The accountant's statement or other
exhibit required by Rule 12b- 25 (c) has
been attached if applicable.
PART III
NARRATIVE
The Registrant's independent auditor's have not yet
completed the audit of the Registrant's December 31,
1999 consolidated financial statements.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this notification.
Gregory Earls (202) 466-2100
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under
Section 13 or 15 (d) or 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?
__ Yes [X] No
U.S. TECHNOLOGIES, INC.
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
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Date: March 30, 2000 By: /s/ Gregory Earls
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Gregory Earls
Co-Chief Executive Officer
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BDO Seidman, LLP
285 Peach Tree Center Avenue
Atlanta, Georgia 30303
March 30, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
This letter is written in response to the requirement of Rule 12b-25 (c) under
the Securities Exchange Act of 1934 and in satisfaction of Item (c) of Part II
of Form 12b-25.
We are the independent auditors of U.S. Technologies, Inc. (the "Registrant").
The Registrant has stated in Part III of its filing on Form 12b-25 that it is
unable to timely file, without unreasonable effort or expense, its Annual
Report on Form 10-K for the year ended December 31, 1999 because we have not
yet completed our audit of the financial statements of the Registrant for the
year ended December 31, 1999 and are, therefore, unable to furnish the required
opinion on such financial statements.
We hereby advise you that we have read the statement made by the Registrant in
Part III of its filing on Form 12b-25 and agree with the statements made
therein.
Very truly yours,
/s/ BDO Seidman, LLP
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BDO Seidman, LLP
