(Check One): [ ]Form 10-K and Form 10-KSB [ ]Form 20-F
[ ]Form 11-K [X]Form 10-Q and Form 10-QSB
[ ]Form N-SAR
________________________
For Period Ended: March 31, 2002 |
|
[ ] Transition Report on Form 10-K | COMMISSION FILE NUMBER |
[ ] Transition Report on Form 20-F |
1-11596 |
[ ] Transition Report on Form 11-K |________________________|
[ ] Transition Report on Form 10-Q ________________________
[ ] Transition Report on Form N-SAR | |
For the Transition Period Ended: |
CUSIP NUMBER |
________________________
| 714157-10-4 |
|________________________|
________________________________________________________________
| 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
Former Name if Applicable
(Check box if appropriate).
|
| (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 10KSB, 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,
| 10QSB 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,Form 10-KSB, 20-F, 11-K, 10-Q, Form 10-QSB, -SAR or the transition report,
or portion thereof, could not be filed within the prescribed
period.
Additional time is needed to complete development of appropriate
disclosures for inclusion in the "Notes to Condensed Consolidated
Financial Statements" and "Management's Discussion and Analysis of
Liquidity and Capital Resources" sections of its Form 10-Q for the
quarter ended March 31, 2002.
_________________________________________________________________
PART IV -- OTHER INFORMATION
_________________________________________________________________
(1) Name and telephone number of person to contact
in regard to this notification:
Richard T. Kelecy
352
395-1351
______________________ __________ _________________
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports 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 twelve
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.
It is anticipated that the Registrant's net loss for the quarter ended March 31, 2002, will be approximately $1,999,000 and after giving effect to the payment by the Registrant of approximately $31,000 in preferred stock dividends in such quarter, will be approximately $2,030,000 (or approximately $.06 per share of Common Stock). In comparison, for the quarter ended March 31, 2001, the Registrant recorded a net loss of $522,000 and after giving effect to the recording by the Registrant of approximately $50,000 in preferred stock dividends in such quarter, net loss of approximately $572,000 (or approximately $.03 per share of Common Stock).
The Registrant believes the changed results may be attributed, among other things, to a decline in net revenues of approximately $2,261,000 and an inability to finalize negotiations relating to certain contract charges and surcharges for work performed during this period under the Company's Oak Ridge contracts.
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: May 15, 2002
By: /s/
Richard T. Kelecy
________________________
Richard T. Kelecy
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.
_________________________________________________________________
2. One signed original and four conformed copies of this form
and
amendments thereto must be completed and filed with
the
Securities and Exchange Commission, Washington, D.C.
20549, in
accordance with Rule 0-3 of the General Rules
and Regulations
under the Act. The information contained
in or filed with the
Form will be made a matter of public
record in the Commission
files.
3. A manually signed copy of the form and amendments thereto
shall be filed with each national securities exchange on
which
any class of securities of the registrant is
registered.
4. Amendments to the notifications must also be filed on Form
12b-25 but need not restate information that has been
correctly furnished. The form shall be clearly identified
as
an amended notification.
5. Electronic Filers: This form shall not be used by electronic
filers unable to timely file a report solely due to
electronic
difficulties. Filers unable to submit a report
within the
time period prescribed due to difficulties in
electronic
filing should comply with either Rule 201 or
202 of Regulation
S-T (Section 232.201 or Section 232.202
of this chapter) or
apply for an adjustment in filing date
pursuant to Rule 13(b)
of Regulation S-T (Section 232.13(b)
of this chapter).