-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DGTR039Mb8LfojzEwzwXjSDWuVlpwdBRrjMBiyy8ZVCyO9QbmqUS+a8SN/Sar4Mp Us13oahhhEAzLpXML8ALqw== 0000911916-00-000034.txt : 20000403 0000911916-00-000034.hdr.sgml : 20000403 ACCESSION NUMBER: 0000911916-00-000034 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTRENET INC CENTRAL INDEX KEY: 0000778161 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 351597565 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 000-14060 FILM NUMBER: 590262 BUSINESS ADDRESS: STREET 1: 400 TECHNECENTER DRIVE SUITE 200 CITY: MILFORD STATE: OH ZIP: 45150 BUSINESS PHONE: 5135766666 FORMER COMPANY: FORMER CONFORMED NAME: CIRCLE EXPRESS INC DATE OF NAME CHANGE: 19900702 NT 10-K 1 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12B-25 NOTIFICATION OF LATE FILING SEC FILE NUMBER 0-14060 (CHECK ONE): CUSIP NUMBER 461190100 [ x ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR For Period Ended: DECEMBER 31, 1999 [ ] 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: 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: PART I-REGISTRANT INFORMATION Full Name of Registrant Intrenet, Inc. Former Name if Applicable Address of Principal Executive Office (Street and Number) 400 TECHNECENTER DRIVE, SUITE 200 City, State and Zip Code MILFORD, OHIO 45150 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) [23,047], the following should be completed. (Check box if appropriate) [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 or 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 [Amended in Release No. 34-26589 (72,435), effective April 12, 1989, 54 F.R. 10306.] [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 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. [Amended in Release No. 34-26589 (72,439), effective August 13, 1992, 57 F.R. 36442.] (Attach Extra Sheets if Needed) The Registrant is in the process of analyzing the possible impact of recent operational trends, primarily extraordinary increases in fuel prices, on the ability of the Registrant to meet financial covenants included in its current bank loan agreement. The outcome of this analysis may result in additional disclosures in the notes to the Company's financial statements, additional disclosure in management's discussion of liquidity and capital resources and may impact the report of the Registrant's independent auditors on the financial statements to be included in the Annual Report on Form 10-K. For these reasons, the Registrant does not believe that it is possible or appropriate to file any portion of the Annual Report on Form 10-K at this time. The Registrant intends to file its Form 10-K within fifteen calendar days. PART IV-OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification THOMAS J. BELL 513 576-6666 (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. As previously announced, the Registrant reported losses for the three-months ended December 31, 1999 and the year ended December 31, 1999 as compared to net profits for the comparable periods of 1998. The 1999 losses result principally from one-time charges related to the settlement of contingent liability for pension fund obligations, severance payments to former management, and the write-down of certain assets. In addition, 1999 operating results have been adversely affected by significant increases in fuel costs and a shortage of drivers. The net loss is $2.5 million for the three-month period ended December 31, 1999 and $4.8 million for the year. INTRENET, INC. - ----------------------------------------------------------------- (Name of Registrant as specified in charter) has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date MARCH 31,2000 By: /S/ THOMAS J. BELL Thomas J. Bell, Chief Financial 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. [LETTERHEAD OF ARTHUR ANDERSEN LLP] VIA TELECOPY March 30, 2000 Mr. Thomas J. Bell Chief Financial Officer Intrenet, Inc. 400 TechneCenter Drive, Suite 200 Milford, Ohio 45150 Dear Mr. Bell: We have read the Form 12b-25 for Intrenet, Inc. setting forth the reasons for its inability to timely file its annual report on Form 10-K for the year ended December 31, 1999, and are in agreement with the statements made therein. Very truly yours, /s/ ARTHUR ANDERSEN LLP -----END PRIVACY-ENHANCED MESSAGE-----