(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: September 30, 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 September 30, 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 income for the quarter ended September 30, 2002, will be approximately $1,556,000 and after giving effect to the recording by the Registrant of approximately $48,000 in preferred stock dividends in such quarter, a net income of approximately $1,508,000 (or approximately $.04 per diluted share of Common Stock). In comparison, for the quarter ended September 30, 2001, the Registrant recorded a net loss of $581,000 and after giving effect to the recording by the Registrant of approximately $32,000 in preferred stock dividends in such quarter, a net loss of approximately $613,000 (or approximately $.02 per share of Common Stock).
The Registrant believes the changed results may be attributed, among other things, to an increase in revenue in the Nuclear Waste Management Services segment of approximately $7,909,000 resulting from growth in mixed waste revenues, as these facilities continue to expand and demonstrate their processing capabilities, increase their related sales and marketing efforts and continue to receive greater volumes of waste.
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: November 14, 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.
_________________________________________________________________
1. This form is required by Rule 12b-25 (17 CFR 240, 12b-25)
of
the General Rules and Regulations under the Securities
Exchange Act of 1934.
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).