UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K [ ] Form 11-K [_] Form 20-F [ ] Form 10-Q
For Period Ended: March 31, 2008
[ ] 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 I
REGISTRANT INFORMATION
Kingston Systems, Inc.
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Full Name of Registrant
8 Merrill Industrial Drive, Unit 12
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Address of Principal Executive Office (Street and Number)
Hampton, New Hampshire, 03842
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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 unreasonable 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, 20-F, 11-K or 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.
The Company is unable to file its form 10-K within the prescribed period
due to ministerial difficulties, without unreasonable effort or expense.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Ralph McKittrick (603) 661-1626
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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 answer is no,
identify report(s). [X] Yes [ ] No
Please see statement below:
(3) Is it anticipated that any significant change in results of operation for
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
Reflected in Kingston System's (the "Company") 10-K for the year ended March 31,
2008 will be approximately the following results of operations (as compared to
the actual results for the year ended March 31, 2007):
2008 2007
Revenue $ 500,000 $604,221
Net (Loss) Income $(850,000) $223,247
The 2008 numbers are subject to further review and adjustment.
The Company's wholly owned subsidiary, Parallel Robotics Systems Corporation
("Robotics"), manufactures robots and solely generates the Company's revenues.
During the 2008 fiscal year, five major robot projects were completed. During
the 2007 fiscal year, four major robot projects and a number of smaller
robot-related projects were completed. The expected revenue in fiscal 2008
decreased, compared with fiscal 2007, due to some smaller revenue generating
projects. At March 31, 2008, two robot projects were in process.
Net income for the 2007 fiscal year was comprised of a net loss from operations
of $698,192, offset by a $921,439 gain on the settlement of a judgment. The
expected net loss in fiscal 2008 increased over fiscal 2007 primarily due to an
increase in operating expenses.
KINGSTON SYSTEMS, 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
hereunto duly authorized.
Date: June 30, 2008 By: /s/ Ralph McKittrick
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Ralph McKittrick
Chief Executive 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 person
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)