SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                         Commission File Number: 0-28720

                           NOTIFICATION OF LATE FILING

(Check   One) [X] Form  10-K [ ] Form  11-K [ ] Form 20-F [ ] Form 10-Q [ ] Form
         N-SAR For Period Ended: December 31, 1999

[ ]  Transition Report on Form 10-K         [ ]  Transition Report on Form 10-Q
[ ]  Transition Report on Form 20-F         [ ]  Transition Report on Form N-SAR
[ ]  Transition Report on Form 11-K

           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: N/A


                                     Part I.
                             REGISTRANT INFORMATION

               Full name of registrant: Sales Online Direct, Inc.

                         Former name if applicable N/A

                               4 Brussels Street
           Address of principal executive office (Street and number)

                         Worcester, Massachusetts 01610
                            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 expenses
and the registrant seeks relief pursuant to Rule 12b-25, 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 Form -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

[X] (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 portion could not be filed within the prescribed
time period. (Attached extra sheets if needed.)

Sales  Online  Direct,  Inc.  (the  "Company")  is  unable  to meet  its  filing
requirement  of Form  10-KSB  for the year  ended  December  31,  1999,  without
unreasonable effort or expense. The Company has been informed by its independent
auditors that additional time is necessary to complete the audit, the results of
which  will form the basis  for the  Company's  Form  10-KSB  and the  financial
disclosures  contained  therein.  Additional time is required for the auditor to
obtain from the Company and analyze  additional  information  and financial data
that are necessary to confirm and support the Company's financial statements and
related financial disclosures as of and for the year ended December 31, 1999.

                           Part IV. OTHER INFORMATION

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
notification:

         Gregory Rotman                  508                          753-0945
         (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 operation from
the  corresponding  period for the last 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 applicable,  state the reason why a reasonable estimate
of the results cannot be made. (See attached explanation).

SALES  ONLINE  DIRECT,  INC.  has caused this  notification  to be signed on its
behalf by the undersigned thereunto duly authorized.

Date:  March 30, 2000               By: /s/ Gregory Rotman
                                        ---------------------------
                                        Gregory Rotman
                                        President






Sales Online Direct, Inc.
Commission File Number: 0-28720
Form  12b-25  (Notification  of Late  Filing)  Form  10-KSB  for the year  ended
December 31, 1999.

Explanation to Part IV, Item 3

In the fiscal year 1999,  Securities  Resolution Advisors,  Inc.("SRAD") entered
into an Agreement  and Plan of  Reorganization  whereby SRAD acquired all of the
outstanding shares of common stock of Internet Auction,  Inc. ("IA") in exchange
for the issuance the of 37,368,912  shares,  representing  approximately  80% of
SRAD's  issued and  outstanding  common stock.  The  principal  business of SRAD
became the business of IA. In addition,  the IA  shareholders  were appointed to
SRAD's Board of Directors and became officers of SRAD. SRAD subsequently changes
its name to Sales OnLine Direct, Inc.

For  accounting  purposes,  the  transaction  described  above was  treated,  in
substance,  as a capital transaction rather than a business combination.  It was
considered  an  issuance  of  common  stock  by IA for the net  assets  of SRAD,
accompanied by a recapitalization.

In the fiscal year ended December 31, 1999, the Company  expects to report a net
loss of approximately, $2,200,000 or ($0.05) cents per share.


                                      - 2 -






Exhibit 99.1  AUDITOR'S LETTER

Wolf & Company, P.C.
One International Place
Boston, MA 02110

Securities and Exchange Commission
450 Fifth Street, N.S.
Washington, D.C. 20549

Gentlemen:

The letter is written in response to the requirement of Rule 12b-25(c) under the
Securities and Exchange Act of 1934 and in  satisfaction  of item (c) of Part II
of Form 12b-25.

We are the independent  auditor of Sales OnLine Direct, Inc. (the "Registrant").
The  Registrant  has stated in Part III of its filing on Form  12b-25 that it is
unable to timely file, without unreasonable effort or expense, its Annual Report
Form 10-KSB for the year ended  December  31, 1999  because our Firm has not yet
completed our audit of the financial  statements of the  Registrant for the year
ended December 31, 1999 and is therefore  unable to furnish the required opinion
of such financial statements.

We hereby advise you that we have read the statements  made by the Registrant in
Part III of its  filing  on Form  12b-25  and  agree  with the  statements  made
therein.  We are  unable to  complete  our audit of the  Registrant's  financial
statements and furnish the required  opinion for a timely filing as we are still
in the process of obtaining and analyzing  evidential  matter  pertaining to the
Registrant's  equity  transactions  during the fiscal year ending  December  31,
1999.  Therefore,  we have not yet had sufficient  time to complete the auditing
procedures which we consider necessary in these circumstances.

Very truly yours,


/s/ Wolf & Company, P.C.
March 30, 2000