U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 001-14753
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11K
[X] Form 10-Q and Form 10-QSB [ ]Form N-SAR
For Period Ended: March 28, 2003
[ ] 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:
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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.
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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 1 -- REGISTRANT INFORMATION
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INTERNATIONAL SMART SOURCING, INC
Full Name of Registrant
320 BROAD HOLLOW ROAD,
Address of Principal Executive Office (Street and Number)
FARMINGDALE, NEW YORK, 11735
City, State, and Zip Code
PART II -- RULES 12B-25(B) AND (C)
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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) [X] Yes [ ] No
[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 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.
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PART III -- NARRATIVE
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
Financial information to be contained in the Registrant's 10-QSB for the period
ended March 28, 2003, cannot be analyzed and completed on a timely basis.
PART IV -- OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification
DAVID KASSEL (631) 293-4650
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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?
[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.
During the three months ended March 28, 2003 the Registrant is expected to have
recorded net income of approximately $204,000 versus a net loss of approximately
$260,000 for the three months ended March 29, 2002, a difference of
approximately $464,000 or 179%.
INTERNATIONAL SMART SOURCING, INC.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
DATE MAY 12, 2003 BY /S/ DAVID KASSEL
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DAVID KASSEL
CHIEF EXECUTIVE OFFICER