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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Sec. File Number: 0 - 18288
Cusip Number: 254560 10 5
(Check One): { } Form 10-K { } Form 20-F { } Form 11-K { x } Form 10-Q
{ } Form N-SAR
For Period Ended: July 31, 1997
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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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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.........................
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Part 1 - Registrant Information
Full Name of Registrant: Direct Connect International Inc.
Former Name if Applicable:
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Address of Principal Executive Office (Street and Number)
266 Harristown Road, Suite 108, Glen Rock, NJ 07452
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Part II - Rules 12b-25 (b) and (c)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expenses.
[ 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 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
12-b-25 (c) has been attached if applicable.
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Part III - Narrative
The Company's Quarterly Report on Form 10-Q for the fiscal quarter ended July
31, 1997 (Form 10-Q) could not be filed within the prescribed period because the
financial statements for the fiscal quarter ended July 31, 1997 required for
inclusion in Form 10-Q have not been reviewed by management. Because of travel
commitments, executives of the Company responsible for such review have not been
able to review such statements. Accordingly, the Company will require additional
time for management to discharge its responsibility with regard to reviewing the
Form 10-Q.
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Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
William B. Rodman, Corporate Secretary (201)445-2101
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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 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.
[x] Yes [ ] No
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The results of operations for the fiscal quarter ended July 31, 1997 will vary
significantly from the corresponding period for the previous fiscal year because
of the following:
(1) The decrease in revenue from product management arrangement from
$255,000 for the three months ended July 31, 1996 to $52,326 for the
three months ended July 31, 1997.
(2) The gain on sale of Glasgal common stock for the three months ended
July 31, 1997 was approximately $1,500,000 as compared with
approximately $900,000 for the three months ended July 31, 1996.
Direct Connect International 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: September 15, 1997 By: /s/ Peter Schneider
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Peter Schneider-President
