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UNITED STATES SEC File Number
SECURITIES AND EXCHANGE COMMISSION 000-28876
WASHINGTON, D.C. 20549
Cusip Number
163527203
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one) _X_ Form 10-KSB __ Form 20-F __ Form 11-K __ Form 10-Q __ Form N-SAR
For period Ended: June 30, 1999
[ ] Transition Report on Form 10-KSB
[ ] 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 ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR TYPE
Nothing in the form shall be construed to imply that the Commission has
verified any information contained herein.
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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
Chem International, Inc.
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Full Name of Registrant
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Former Name if Applicable
201 Route 22
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Address of Principal Executive Office (STREET AND NUMBER)
Hillside, New Jersey 07205
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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 reasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check appropriate box)
_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, 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 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(c)
has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, Form 10-KSB,
11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be
filed with the prescribed time period. (Attach Extra Sheets if Needed)
The Company's preparation of its financial statements for the fiscal year
ended June 30, 1999, and the audit thereof, took longer than anticipated due, in
part, to the Company's change in independent auditors in May 1999 and problems
with internal computer software programs. Although the Company has worked
diligently on preparing said financial statements and other items of the Form
10-KSB, an additional time of one day or two days is required in order to
complete said financial statements, the audit thereof, and other items. The
Company expects to file its Form 10-KSB no later than September 30, 1999.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Eric Friedman 973 926-0816
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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
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.
See Schedule A attached hereto
Chem International, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on it behalf by the undersigned
hereunto duly authorized.
Date September 29, 1999 By /s/ ERIC FRIEDMAN
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ERIC FRIEDMAN, Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the persons
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.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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SCHEDULE A
The Company's results of operations for the fiscal year ended June 30, 1999
are expected to change significantly from the results of operations for the
prior period.
The Company expects a net loss for the fiscal year ended June 30, 1999 of
approximately $2,628,433, or $(.51) per share, as compared to a net loss of
$97,438, or $(.02) per share for the fiscal year ended June 30, 1998. The
increase in the loss is due primarily to a decrease in sales, together with a
decrease in gross margin as a result of a less profitable product mix and fixed
overhead and manufacturing expenses.
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