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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
(Check One):
/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: June 30, 1998
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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 ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
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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
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Part I - Registrant Information
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Full Name of Registrant
American Film Technologies, Inc.
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Former Name if Applicable: N/A
4105 Sorrento Valley Boulevard,
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Address of Principal Executive Office (Street and Number)
San Diego, CA 92121
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City, State and Zip Code
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Part II - Rules 12b-25 (b) and (c)
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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;
/ / (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
/ / (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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Part III - Narrative
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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.
Registrant's former independent auditor's have resigned as previously reported
in a Form 8-K filing. Registrant has been seeking financing and is negotiating
various arrangements with different parties. It is anticipated that consummation
of such financing will occur in approximately six (6) weeks and that a new
independent auditor will be retained in such period to prepare audited financial
statements for the year ended June 30, 1998. The selection and retention of such
auditor is dependent in material part on the consummation of such financing. As
indicated in previous filings, the Registrant has not engaged in operations for
a number of years and has continued to suffer losses related to its efforts to
obtain financing, find a buyer for the Registrant or enter into a joint venture
agreement to exploit its technology and license rights. There can be no
assurance that current negotiations will be successful.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification.
Gerald M. Wetzler
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(Name)
212-572-6370
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(Area Code) (Telephone Number)
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(2) Have all other periodic reports required under 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?
/ / Yes /X/ 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.
Amerrican Film Technologies, Inc. has caused this notification to be signed on
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(Name of Registrant as Specified in Charter)
its behalf by the undersigned thereunto duly authorized.
Date September 28, 1998 By /s/ Gerald M. Wetzler
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Gerald M. Wetzler
Chairman
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 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.
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violation (See 18 U.S.C. 1001).
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