U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
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For Period Ended: December 31, 2003
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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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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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Full Name of Registrant
Progressive Software Holding, Inc.
Address of Principal Executive Office (Street and Number)
6836 Morrison Bvld.
Charlotte, NC 28211
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;
[X] (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
Rule12b-25(c) has been attached if applicable.
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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.
The Registrant filed for bankruptcy under Chapter 11 of the
United States Bankruptcy Code ("Chapter 11) on February 12, 2002
and completed a reorganization pursuant to Chapter 11 on August
6, 2002. In addition, the Registrant has changed its auditing
firm since its last SEC filing. The reorganization necessitated
the adoption of fresh-start accounting pursuant to ACIPA's
Statement of Position No. 90-7, Financial Reporting By
Entities In Reorganization Under The Bankruptcy Code. Delays
due to the change in auditors and reduced staffing, coupled with
the complexities of fresh-start accounting have resulted in the
Registrant's inability to timely file its annual report on Form
10-KSB for the period ended December 31, 2003 without
unreasonable effort or expense.
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PART IV - OTHER INFORMATION
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(1) Name and telephone number of persons to contact in regard to this
notification:
William A Beebe, Chief Financial Officer (406) 556-9886
(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).
[ ] Yes [X] No
Registrant has not filed its Annual Report on Form 10-KSB for the
year ended December 31, 2002 or its 2003 Quarterly Reports on
Form 10-QSB.
(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?
[ ] Yes [X] No
Because of the reorganization and the adoption of fresh-start
accounting, meaningful comparison of the results of operations
from periods prior to August 5, 2002 is not possible.
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.
The Registrant has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
PROGRESSIVE SOFTWARE HOLDING, INC.
(fka Tridex Coporation)
Date: March 31, 2004 By: /s/ William A Beebe
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William A Beebe
Chief Financial Officer
