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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 1-13852
FORM 10-Q CUSIP NUMBER
125180
For Period Ended: September 30, 1999
[Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.]
PART I - REGISTRANT INFORMATION
CET ENVIRONMENTAL SERVICES, INC.
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Full Name of Registrant
Not Applicable
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Former Name if Applicable
7032 South Revere Parkway
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Address of Principal Executive Office (Street and Number)
Englewood, Colorado 80112
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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)
(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, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the
[X] prescribed due date; or the subject quarterly report of 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 has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
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In August 1999, the Company received a notice from the Environmental
Protection Agency (EPA) that it had been suspended from receiving additional
contracts. As a result of this suspension, which was lifted in November 1999,
the Company initiated a restructuring plan which resulted in the sale of
assets and the closing of certain regional offices in September and October
1999. As a result of this restructuring the Company is recording
restructuring charges during the quarter ended September 30, 1999, and has
been required to devote a substantial amount of time to determining the amount
of such charges, it has not been possible to make a final determination of
those charges in sufficient time to file the Form 10-Q by the current due
date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Steven H. Davis 720/875-9115
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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
reports) been filed? If 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
NARRATIVE AND QUALITATIVE EXPLANATION OF THE ANTICIPATED CHANGE:
The Company expects to report that during the quarter ended September 30,
1999, project revenues were $13,939,000 as compared to $17,125,000 during the
same period in the prior year. The decrease in revenues were primarily a
result of the sale of a subsidiary in December 1998, reduced activities under
contracts with federal agencies and a decrease in the Company's commercial
business. The Company also expects to report a net loss for the quarter ended
September 30, 1999, of approximately $2,374,000 as compared to a net loss of
approximately $2,603,000 during the period last year.
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CET ENVIRONMENTAL SERVICES, 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
hereunto duly authorized.
CET ENVIRONMENTAL SERVICES, INC.
By:/s/ Steven H. Davis
Steven H. Davis, President
Date: November 15, 1999
[ATTENTION: Intentional misstatements of omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).]
