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
|X| Form 10-Q |_| Form 10-D |_| Form N-SAR |_| Form N-CSR
For Period Ended: November 30, 2008
|_| 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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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:
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PART I - REGISTRANT INFORMATION
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Emtec, Inc.
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Former Name if Applicable
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525 Lincoln Drive, 5 Greentree Center, Suite 117
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Marlton, New Jersey, 08053
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PART II - RULES 12b-25(b) AND (c)
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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 accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III - NARRATIVE
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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.
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The Registrant has been unable to complete its Form 10-Q for the quarter ended
November 30, 2008 within the prescribed time because of delays in completing its
unaudited financial statements and its management discussion and analysis. Such
delays are primarily due to the Registrant's management's dedication of time to
other business matters, including the integration of the recent acquisitions of
eBusiness Application Solutions, Inc. and Aveeva, Inc. This has taken a
significant amount of management's time away from the preparation of the Form
10-Q and delayed the preparation of the unaudited financial statements for
quarter ended November 30, 2008. It is anticipated that the Form 10-Q, along
with the unaudited financial statements, will be filed on or before the 5th
calendar day following the prescribed due date of the Registrant's Form 10-Q.
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PART IV - OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification:
Stephen C. Donnelly (856) - 552-4204
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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 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 hereof?
|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 will report net income of approximately
$1.00 million, or $0.07 per share, and total revenues of $70.02 million for the
three months ended November 30, 2008, as compared to net income of $1.25
million, or $0.09 per share, and total revenues of $74.64 million for the three
months ended November 30, 2007, respectively. As indicated, the Registrant has
not finalized its financial statements for the quarter ended November 30, 2008
and the forgoing estimates are subject to change.
Emtec, 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.
Date: January 15, 2009 By: /s/ Stephen C. Donnelly
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Stephen C. Donnelly
Chief Financial Officer
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 representative's authority to
sign on behalf of the registrant shall be filed with the form.