U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One)
[ ]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: December 31, 1996
[X] Transition Report on Form
10-KSB [ ] 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:
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:. Not Applicable
...............................................................................
Full Name of Registrant: Continental American Transportation, Inc.
...............................................................................
Former Name if Applicable: Not Applicable.
...............................................................................
495 Lovers Lane Road, Calhoun, Georgia, 30701
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Part II-Rules 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 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;
X (b) The subject Transition Report on Form 10-KSB will be filed on
or before May 22, 1997, the fifteenth calendar day following the prescribed
due date, May 7, 1997; and
(c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable: Not Applicable.
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PART III--Narrative
The reasons Registrant's Transition Report on Form 10-KSB could not be filed by
May 7, 1997, the prescribed due date therefor, are set forth on the attached
letter of Timothy Holstein, President and Chief Executive Officer of Registrant,
dated May 5, 1997.
PART IV--Other Information
(1)Name and telephone number of person to contact in regard to this notification
Timothy Holstein, President/CEO (706) 629-8682
...............................................................................
(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
Please see letter, dated May 5, 1997 from Timothy Holstein, President
and Chief Executive Officer of Registrant explaining the anticipated changes,
both narratively and quantitatively, of any significant changes in the results
of operations for Registrant's 6- Month Transition Period ended December 31,
1996, from the Registrant's 6-Month Period ended December 31, 1995, which will
be reflected in the Registrant's earnings statements.
Continental American Transportation,Inc.
...............................................................................
(Name of Registrant as specified in charter)
has caused this notification to be signed on behalf by the undersigned
thereunto duly authorized
Date...May 5, 1997........ By.........s/Timothy Holstein......................
Timothy Holstein, President & Chief Executive Officer
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Continental American Transportation, Inc.
495 Lovers Lane Road
Calhoun, Georgia 30701
(706)629-8682
May 5, 1997
VIA EDGAR FILING
Filing Desk
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
RE: Continental American Transportation, Inc.
Commission File No. 0-18279
Form 12b-25 re Transition Report on Form 10-KSB
for Period Ended December 31, 1996
Dear Ladies and Gentlemen:
Pursuant to Rule 0-3 of the General Rules and Regulations promulgated
under the Securities Exchange Act of 1934, as amended (the "Act"), attached
hereto for filing please find one (1) conformed signature copy of Form 12b-25
submitted herewith for filing pursuant to Rule 12b-25 of the Act.
PART III - NARRATIVE
Please be advised that Registrant's accountants, managers and
independent auditors have been engaged in preparing all of the portions of
Registrant's six month Transition Report on Form 10-KSB for the period ended
December 31, 1996, and will not be able to complete all of the portions
contained in said Transition Report on Form 10-KSB on or before May 7, 1997,
without incurring unreasonable expense and enduring unreasonable burdens in the
preparation thereof.
PART IV - OTHER INFORMATION
(3) Please be advised that Registrant expects significant changes in
the results of Registrant's operations from the six month period ended December
31, 1995, that will be reflected by the earnings statements to be included in
the Registrant's Transition Report on Form 10-KSB for the six month period ended
December 31, 1996, as follows: Registrant's management reasonably estimates that
Registrant will reflect a loss in the approximate amount of $2,300,000 for the
six month Transition Period ended December 31, 1996. This estimated result in
the earnings of Registrant is based upon various factors, including but not
limited to Registrant's lower than expected volume of freight transportation
generated in its subsidiary, Carpet Transport, Inc.'s business and, as well, in
its subsidiary, Chase Brokerage, Inc.'s hauling in the last calendar quarter. In
addition, increases in fuel costs and decreases in seasonally adjusted revenue
contributed to the decline.
<PAGE>
Registrant hereby undertakes to file the subject Form 10-KSB on or
before May 22, 1997.
Very truly yours,
CONTINENTAL AMERICAN TRANSPORTATION, INC.
By: s/Timothy Holstein
Timothy Holstein, President
Chief Executive Officer
cat12b25.8
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