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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number: 0-28640
CUSIP Number
NOTIFICATION OF LATE FILING OF FORM 10-Q
For Period Ended: June 30, 1998
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Part 1. Registrant Information
BRAKE HEADQUARTERS U.S.A., INC.
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(Full name of registrant)
33-16 WOODSIDE AVENUE, LONG ISLAND CITY, NEW YORK, 11101
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(Address of Principal executive office)
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;
[x] (b) The subject quarterly report on Form 10-Q 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
The Registrant has devoted all of its energy and attention to the
further development of its business and, accordingly, is unable to file its Form
10-Q for the period ended June 30, 1998 within the prescribed time period
without unreasonable efforts and expense.
Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Joseph Ende (718) 779-4800
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(Name) (Telephone number)
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(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
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.
Although final results from operations for the quarter ended June 30,
1998, are not yet available, the Registrant has estimated that during the second
quarter of 1998, it will incur a loss of approximately $560,000 as compared with
a profit of $56,383 for the corresponding period for the last fiscal year. The
projected loss is a result of a non cash-charge against earnings of 480,000
related to the issuant of subordinated debts and increase in the provision for
doubtful accounts.
BRAKE HEADQUARTERS U.S.A., 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: August 14, 1998 By: /s/ Joseph Ende
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Joseph Ende, Chief Executive Officer
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 and 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).
