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
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
[ ] Form N-CSR
For Period Ended: March 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: 370 Old Country Road - Suite 200, 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 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,
N-SAR , N-CSR or the transition report or portion thereof, could not be filed
within the prescribed period.
The registrant recently discontinued the operations of a subsidiary and
sold certain of the subsidiary's assets. The work related to such
termination, and other matters relating to the commencement of
operations of another subsidiary, 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 Quarterly Report on Form 10-QSB for the
quarter ended March 31, 2004. For such reason, the subject Form 10-QSB
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) 746-4141; ext. 239
(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 $381,000 on net sales of $50,000 for the quarter
ended March 31, 2004, compared to a net loss of $232,142 on
net sales of $481,250 for the quarter ended March 31, 2003.
Walker Financial Corporation Inc. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
Date: May 16, 2004 Walker Financial Corporation
By: /s/ Mitchell S. Segal
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Mitchell S. Segal, President