UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
Commission File Number 333-45210
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-KSB [ ]Form 11-K [ ]Form 20-F [ ]Form 10-QSB [ ]Form N-SAR
For Period Ended: June 30, 2004
[_] 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 ATTACHED INSTRUCTION SHEET 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
SYSTEMS MANAGEMENT SOLUTIONS, INC.
Full name of registrant
Supreme Holdings, Inc.
Former name if applicable
7550 IH-10 West, 14th Floor
Address of principal executive office (Street and Number)
San Antonio, Texas 78229
City, state and zip code
PART II - RULE 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.)
(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, 20-F, 11-K, or Form N-SAR, or portion thereof will be filed
on or before the 15th 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
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report or portion thereof, could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
The Registrant's Annual Report on Form 10-KSB for the period ended June 30, 2004
(the "Annual Report") could not be filed within the prescribed time period since
the Registrant has not finalized all of its accounting matters. The Registrant,
which has a small accounting staff, has devoted substantial time and efforts to
other recent business matters affecting the Registrant, thereby delaying
completion of the Annual Report. As a result, the information necessary to
complete the Annual Report, including the financial statements and the notes
thereto, has not yet been completed.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Jim Karlak (210) 541-7133
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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 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? [ ]
Yes [X] 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.
SYSTEMS MANAGEMENT SOLUTIONS, 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
thereunto duly authorized.
DATE: SEPTEMBER 27, 2004 BY: /s/ Jim Karlak
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Jim Karlak
Chief Executive Officer
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