U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING Sec. File Number: 0 - 18288 Cusip Number: 254560 10 5 (Check One): { } Form 10-K { } Form 20-F { } Form 11-K { X } Form 10-Q { } Form N-SAR For Period Ended: July 31, 1998 ------------- { } 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: ............................................. - ------------------------------------------------------------------------------ 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 1 - Registrant Information Full Name of Registrant: Direct Connect International Inc. Former Name if Applicable: ..................................................................... Address of Principal Executive Office (Street and Number) P. O. Box 14, Hawthorne, New Jersey 07507 ..................................................................... Part II - Rules 12b-25 (b) and (c) (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expenses. [ X ] (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 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 12-b-25 (c) has been attached if applicable. - -------------------------------------------------------------------------------- Part III - Narrative The Company's Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 1998 (Form 10-Q) could not be filed within the prescribed period because the financial statements required for inclusion in Form 10-Q have not been reviewed by management. Because of scheduling difficulties, executives of the Company responsible for such review have not been able to review such statements. Accordingly, the Company will require additional time for management to discharge its responsibility with regard to reviewing the Form 10-Q. - ------------------------------------------------------------------------------- Part IV - Other Information (1) Name and telephone number of person to contact in regard to this notification. William B. Rodman, Corporate Secretary (201)445-2101 .......................................................................... (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 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 The results of operations for the fiscal quarter ended July 31, 1998 will vary significantly from the corresponding period for the previous fiscal year because of the following: 1) The gain on sale of Datatec common stock for the fiscal quarter ended July 31, 1998 was approximately $813,200 as compared with approximately $1,522,600 for the fiscal quarter ended July 31, 1997. Direct Connect International Inc. ................................................................................ (Name of Registrant as specified in charter) has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: September 14, 1998 By: /s/ Peter Schneider ------------------ ------------------- Peter Schneider-President