UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 26549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-20394
(Check One):[X] Form 10-K [] Form 20-F [] Form 11-K [] Form 10-Q [] Form N-SAR
CUSIP NUMBER
457635100
For Period Ended Fiscal year ended March 31, 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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Read Instruction (on back page) Before Preparing Form. Please Print or Type.
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 I - REGISTRANT INFORMATION
Full name of registrant
Inmark Enterprises, Inc.
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Former name if applicable
Health Image Media, Inc.
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Address of principal executive office (Street and Number)
415 Northern Boulevard
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City, state and zip code
Great Neck, New York 11021
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PART II - RULES 12-25(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)
(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 annual report, semi-annual report, transition
report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion
thereof will be filed on or before the 15th 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.
<PAGE>
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 11-K, 20-F, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed time period.
The registrant is in the process of negotiating a modification to its existing
loan facility, which it expects to complete within 15 calendar days after the
prescribed due date for its annual report on Form 10-K. Filing the annual report
on Form 10-K before the completion of the loan modification would require the
registrant to restate its financial statements, which would require the
registrant to exert unreasonable efforts and incur unreasonable expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Susan J. Komansky (212) 479-6043
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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
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.
It is anticipated that the registrant's net income for the fiscal year
ended March 31, 1999 will be approximately $941,000 less than the
registrant's net income for the fiscal year ended March 31, 1998. The
difference in earnings is attributable to a decline in sales volume of
Inmark Services, Inc., an operating subsidiary of the registrant, and
an increase in operating expenses primarily attributable to
amortization of goodwill and interest expense incurred in connection
with the acquisitions of Optimum Group, Inc. at March 31, 1998 and
U.S. Concepts, Inc. at December 29, 1998.
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Inmark Enterprises, 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 June 29, 1999 By /s/ Donald A. Bernard
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Executive Vice President and
Chief Financial 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 or 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
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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