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U.S. SECURITITES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILLING
Sec. File Number: 0 - 18288
Cusip Number: 254560 10 5
(Check One): {x} Form 10-K { } Form 20-F { } Form 11-K { } Form 10-Q
{ } Form N-SAR
For Period Ended: April 30, 1999
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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)
637 Wyckoff Avenue #194, Wyckoff, New Jersey 07481
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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 Annual Report on Form 10-K for the fiscal year ended April 30,
1999 (Form 10-K) could not be filed within the prescribed period because the
financial statements for the fiscal year ended April 30, 1999 required for
inclusion in Form 10-K have not been reviewed by management. Executives of the
Company responsible for such review have not been able to review such statements
with the Company's auditors. Accordingly, the Company will require additional
time for management to discharge its responsibility with regard to reviewing the
Form 10-K.
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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 year ended April 30, 1999 will vary
significantly from the corresponding period for the previous fiscal year because
of the following:
The gain on sale of Datatec common stock for the fiscal year ended April 30,
1999 was approximately $550,000 less than the gain for the fiscal year
ended April 30,1998. The reduction in gain on sale of Datatec common stock
was offset by reductions in general and administrative expenses. Significant
variances for the fiscal year ended April 30, 1999 included reductions in
bad debt expenses net of recoveries (approximately $360,000) and reduction
in compensation expenses (approximately $196,000).
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: July 29, 1999 By: /s/ Peter Schneider
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Peter Schneider-President
