UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check one): £ Form 10-K £ Form 20-F £ Form 11-K
S Form 10-Q £ Form 10-D £ Form N-SAR £ Form N-CSR
For Period Ended: November 30, 2006
£ 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 Instruction (on page 3) 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:
PART I - REGISTRANT INFORMATION
Full Name of Registrant
Emtec, Inc.
Former Name if Applicable
Address of Principal Executive Office (Street and Number)
525 Lincoln Drive, 5 Greentree Center, Suite 117
City, State and Zip Code
Marlton, New Jersey, 08053
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 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, Form 11-K, Form N-SAR or Form N-CSR, 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 subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and |
(c) | The accountants statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
The Registrants report on Form 10-Q for the quarter ended November 30, 2006 cannot be filed within the prescribed time period because we are experiencing delays in the collection of certain information required to be included in the Form 10-Q due to consolidation of our offices in New Jersey and our implementation of the Facts Accounting System. We expect to file the Form 10-Q as soon as reasonably practicable and in no event later than the fifth calendar day following the prescribed due date.
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification:
Stephen C. Donnelly | (856) - | 552-4204 | |||
(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 answer is no, identify report(s). S 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 hereof? S 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 will report net income of approximately $33,000, or $0.00 per share, and total revenues of $64.93 million for the quarter ended November 30, 2006, as compared to net income of $416,040, or $0.03 per share, and total revenues of $84.78 million for the quarter ended November 30, 2005. As indicated, the Registrant has not finalized its financial statements for the quarter ended November 30, 2006 and the foregoing estimates are subject to change.
Emtec, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized. |
Date: | January 17, 2007 | By: | /s/ Stephen C. Donnelly | ||
Stephen C. Donnelly |
|||||
INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other fully 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 representatives authority to sign on behalf of the registrant shall be filed with the form. |