U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
1-13656
CUSIP NUMBER
68211K107
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[X] 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: March 29, 1997
[ ] 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: ...............................................
Read Attached Instruction Sheet 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.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:...not applicable................
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PART I -- REGISTRANT INFORMATION
Full Name of Registrant Omni Multimedia Group, Inc.
Former Name if Applicable
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50 Howe Avenue
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Address of Principal Executive Office (Street and Number)
Millbury, MA 01527
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City, State and Zip Code
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;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or 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
12b-25(c) has been attached if applicable.
EXCHANGE ACT FORMS
PART III -- NARRATIVE
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR or the transition report or portion
thereof could not be filed within the prescribed time period.
The Registrant is unable to file its Annual Report as a result of (i)
an acquisition that was completed in March, which acquisition required
significant additional time for the preparation of the Registrant's
consolidated financial statements, and (ii) the Registrant's recent
upgrade of its information management systems, which upgrade resulted
in significant down-time associated with the installation of and
training in the new systems.
(Attach Extra Sheets if Needed)
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Robert E. Lee (508) 865-4451
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports 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.
See Attachment A, which is incorporated herein by reference.
Omni Multimedia Group, 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 1, 1997 By: /s/ Paul Johnson
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Paul Johnson
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 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
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240, 12b-25) of the
General Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General
Rules and Regulations under the Act. The information contained in or filed with
the Form will be made a matter of the public record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
field with each national securities exchange on which any class of securities of
the registrant is registered.
4. Amendments to the notifications must also be filed on Form 12b-25
but need not restate information that has been correctly furnished. The form
shall be clearly identified as an amended notification.
5. Electronic Filers. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties. Filers
unable to submit a report within the time period prescribed due to difficulties
in electronic filing should comply with either Rule 201 or Rule 202 of
Regulation S-T ('232.201 or '232.202 of this chapter) or apply for an adjustment
in filing date pursuant to Rule 13(b) of Regulation S-T ('232.13(b) of this
chapter).
ATTACHMENT A
TO
FORM 12B-25
FOR
OMNI MULTIMEDIA GROUP, INC.
PART IV - OTHER INFORMATION
Item 3 - Change in Results of Operations.
The Registrant currently anticipates that the earnings statements to be
included in its Annual Report on Form 10-KSB for the fiscal year ended March 29,
1997 ("Fiscal 1997") will reflect a loss of approximately $15.3 million on net
sales of approximately $12.8 million, as compared to net income of approximately
$324,000 on net sales of approximately $18.9 million for the fiscal year ended
March 30, 1996 ("Fiscal 1996"). The change from net income to a loss during
Fiscal 1997 is primarily attributable to (i) an operating loss during Fiscal
1997 of approximately $12.5 million, (ii) expenses of approximately $1.3 million
associated with two acquisitions completed during the year, (iii) a write-down
of approximately $951,000 associated with the start-up of the Registrant's
CD-ROM business, and (iv) a write-down of approximately $575,000 associated with
the obsolescence of floppy disk duplicating equipment. The decrease in net sales
and net profits from Fiscal 1996 to Fiscal 1997 is primarily attributable to a
significant decrease in the Registrant's floppy disk business and an accelerated
start-up of the Registrant's CD-ROM business, respectively.
