UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 0-5418
CUSIP NUMBER: 93163V 10 9
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form 10-D [ ] Form N-SAR [ ] Form N-CSR
For Period Ended: December 31, 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:
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: Not applicable
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Walker Financial Corporation
Former Name if Applicable: Walker International Industries, Inc.
Address of Principal Executive Office: 990 Stewart Avenue - Suite 60A,
Garden City, New York 11530
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.
[X] (a) The reasons described in reasonable 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
10-D, N-SAR , N-CSR or the transition report or portion thereof, could not be
filed within the prescribed period.
The registrant is in the process of implementing its business model and
seeking equity and/or debt financing. The unavailability of staff due to
the ongoing implementation of its business model and in order to focus
attention on obtaining equity and/or debt financing has required the
registrant's executive officer and employees to devote substantial effort
and expense which otherwise would have been devoted to the preparation and
filing of the registrant's Annual Report on Form 10-KSB for the year ended
December 31, 2004. For such reason, the subject Form 10-KSB could not be
filed within the prescribed period..
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Mitchell S. Segal, President: (516) 832-7000
(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
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 anticipates reporting a net loss of approximately
$1.8 million on net sales of $241,000 for the year ended December
31, 2004, compared to a net loss of $1.2 million on net sales of
$1,025,426 for the year ended December 31, 2003.
Walker Financial Corporation has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
Date: March 31, 2005 Walker Financial Corporation
By: /s/ Mitchell S. Segal
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Mitchell S. Segal
President