UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
(Check One ) [ X ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR
For the Period Ended January 31, 2004
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[ ] 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
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Read Instructions (on back page) 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
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PART I - REGISTRANT INFORMATION
NATIONAL AUTO CREDIT, INC.
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(Full Name of Registrant)
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(Former Name if Applicable)
555 Madison Avenue, 29th Floor
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(Address of principal executive offices)
New York, New York 10022
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(City, State and Zip Code)
PART II - RULES 12B-25(B) AND (C)
If the subject report could not be filled without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-25(b),
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 on Form 10-Q, or portion thereof will be
filled on or before the fifth calendar day following the
prescribed due date; or
[ ] (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, 20-F,
11-F 10-Q, N-SAR, or the transition report portion thereof, could not
be filed within the prescribed time period.
The Company requires additional as time to complete the filing of
its Annual Report on Form 10-K for the period ended January 31,
2004 as a result of the Company's Chief Financial Officer (the
person directly responsible for the preparation of the financial
statements and the 10-K) had two immediate family members pass
away during a two week period in April 2004. As a result, the
Company's normal procedures for preparing the 10-K were delayed
by several weeks, and the company was unable to finalize the 10-K
by the prescribed due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Robert V. Cuddihy, Jr. 212 644-1400
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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 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 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.
During the year ended January 31, 2004, the Company acquired
OMI Business Communications, effective April 1, 2003, and The
Campus Group, four affiliated companies, effective July 31,
2003. As a result of these acquisitions, the financial
statements of the Company will change to reflect the
consolidation of these new operations however; the
consolidated financial statements at January 31, 2004 are
anticipated to be consistent with the Company's disclosures in
the Pro Forma Financial Statements as filed on October 10,
2003 in the Current Report on Form 8K/A dated July 31, 2003.
NATIONAL AUTO CREDIT, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by
the undersigned hereunto duly authorized
Date April 30, 2004 By /s/ Robert V. Cuddihy, Jr.
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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.
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