5
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number: 0-28555
(Check one)
| | Form 10-K and Form 10-KSB | | Form 11-K
| | Form 20-F | X | Form 10-Q and Form 10-QSB | | Form N-SAR
For the period ended December 31, 2002
| | Transition Report on Form 10-K and Form 10-KSB
| | Transition Report on Form 20-F
| | Transition Report on Form 11-K
| | Transition Report on Form 10-Q and Form 10-QSB
| | Transition Report on Form N-SAR
For the transition period ended ____________
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 notification relates:
__________________________________
PART I
REGISTRANT INFORMATION
Full name of registrant: VOLT INC.
Address of principal
executive office: 41667 Yosemite Pines Drive
City, State and Zip Code: Oakhurst, CA 93644
PART II
RULE 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), the
following should be completed. (Check appropriate box.)
|X| (a) The reasons described in 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 of Forms 10-K, 10-KSB, 20-F, 11-K or Form N-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, 10-QSB, 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 Forms 10-K, 10-KSB,
11-K, 20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could
not be filed within the prescribed time period. (Attach extra sheets if needed.)
The Registrant's anual report on Form 10-QSB could not be filed within
the prescribed time period because the financial statements required to be
prepared by the Registrant's independent auditor have not been completed due to
delays in the independent auditor receiving confirmations from third parties.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Denis C. Tseklenis (559) 692-2474
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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?
| | YES | X | 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.
Explanation:
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N/A
Exhibits 1.1 Letter from Independent Accountants
VOLT 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 February 13, 2003 By /s/ Denis C. Tseklenis
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Denis C. Tseklenis
President and Chief Executive Officer
EXHIBIT 1.1 - Letter from Accountants
STATEMENT BY BAGELL, JOSEPHS AND COMPANY, LLC
February 13, 2003
To the Board of Directors
VOLT INC.
We have been engaged and are currently in the process of reviewing the Form
10-QSB of Volt Inc. for the quarter ended December 31, 2002. We are currently
awaiting certain information necessary to complete our review. Upon receipt of
the information, we intend to complete our review of the Form 10-QSB and assist
in the preparation of a timely filing of same.
/s/ Neil Levine
Neil Levine, CPA
Bagell, Josephs and Company, LLC
Gibbsboro, NJ