SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number 0-17366
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(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, 1994
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[ ] Transition Report on Form 10-K and Form 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
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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: N/A
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PART I
REGISTRANT INFORMATION
Full name of registrant Shared Technologies Inc.
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Former name if applicable
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Address of principal executive office (Street and Number)
100 Great Meadow Road, Suite 104
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City, State and Zip Code Wethersfield, CT 06109
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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.)
[X] (a) The reasons described in reasonable detail in Part
III of this form could not be eliminated without unreasonable
effort or expense;
[ ] (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
[ ] (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,
10-KSB, 11-K, 20-F, 10-Q, 10-QSB, N-SAR or the transition report
portion thereof could not filed within the prescribed time
period. (Attach extra sheets if needed.)
The registrant hereby requests an extension of time to file its
annual form 10-K until April 15, 1995, originally due March 31,
1995. The registrant is currently awaiting additional
information from third parties in order to complete its financial
statements as of and for the year ended December 31, 1994. This
information is integral to the completion of the financial
statements and could not be obtained timely without unreasonable
effort and expense to the Company. Due to the aforementioned
facts, the registrant respectfully requests an additional fifteen
days to file the 1994 annual form 10-K.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard
to this notification.
Vincent DiVincenzo (203) 258-2400
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section
13 or 15(d) or the Securities and 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 if 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?
See Attached [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.
Shared 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 thereunto duly authorized.
Date 3-30-95 By /s/ Vincent DiVincenzo
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Instructions. 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.
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001)
<TABLE>
<CAPTION>
Shared Technologies Inc. and Subsidiaries
Consolidated Statements of Operations
For the Years Ended
December 31, 1994 and 1993
(Unaudited)
1994 1993
<S> <C> <C>
Revenue:
Shared tenant services 28,666,574 21,811,878
FMS 6,482,637 1,542,893
Cellular Service 10,217,300 2,071,035
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Total revenue 45,366,511 25,425,806
Cost of revenue:
Shared tenant services 15,716,890 11,627,939
FMS 5,161,130 1,282,064
Cellular services 5,293,845 1,604,040
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Total cost of revenue 26,171,865 14,514,043
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Gross Margin 19,194,646 10,911,763
Selling, General and
Administrative Expenses 16,908,521
9,796,951
Business Development
Expenses 184,987
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Operating Income 2,286,125 929,825
Interest expense (522,112) (529,565)
Interest income 162,951 91,889
Minority Interest (115,321) (81,928)
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Income (Loss) Before Income
Tax and Extraordinary Items 1,811,643 410,221
Income Tax Benefit 487,105
Extraordinary Item (150,000)
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Net Income 2,298,748 260,221
Preferred Dividend (502,806) (344,650)
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Net Income (Loss) applicable
to common stock 1,795,942 (84,429)
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Income (Loss) Per Common
Shares:
Income (Loss) Before
Extraordinary Item 0.27 0.01
Extraordinary Item (0.03)
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Net Income (Loss) 0.27 (0.02)
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Weighted Average Common 6,792,277 5,132,296
Shares Outstanding =========== ===========
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