U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
FOR FORM 10-Q
For Period Ended Commission File No. 0-21825
March 31, 2006 CUSIP No. 862924 10 7
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 a filing above, identify the Item(s)
to which the notification relates:
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PART I - REGISTRANT INFORMATION
STREICHER MOBILE FUELING, INC.
(Full Name of Registrant)
200 West Cypress Creek Road, Suite 400
Fort Lauderdale, Florida 33309
(Address of Principal Executive Office)
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), 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;
(b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K or
Form N-SAR, or portions 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
(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 the Forms 10-K, 20-F, 11- K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
The Company is implementing a new, Company wide accounting and operations
management systems and expanding its related infrastructure in order to upgrade
its internal accounting procedures and processes; integrate its newly acquired
businesses, Shank Services and H & W Petroleum, with the Company's existing
operations and future planned acquisitions; provide cost effective shared
services to its affiliates; and to ensure compliance with the internal controls
evaluation requirements of Section 404 of the Sarbanes-Oxley Act of 2002 when
applicable. The ongoing effort to implement these new systems, including
training of new personnel, has required a substantial commitment of its
management resources and accounting personnel which has, in turn, caused delays
in finalizing the Company's financial results and related reporting.
Accordingly, the Company cannot file the subject report within the prescribed
time period without incurring unreasonable effort and expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Richard E. Gathright (954) 308-4200
(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 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 operation 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.
The Company anticipates that it will report a loss of approximately $2.2 million
for the quarter, a $900,000 increase over the loss reported in the same period a
year ago. The increased loss is attributable to several factors, including the
costs of the Company-wide infrastructure development program to support its
business plan. During the quarter, the Company also incurred costs relating to
the integration of Shank Services and H & W Petroleum; higher cash and non-cash
interest expense; increased bad debt provision; lower petroleum products sales
volumes during the quarter attributable largely to customer reaction to recent
increases in fuel prices; and increased operating costs for driver wages,
benefits, hiring, training and retention, and running fuel usage than in the
third quarter of fiscal 2005.
Streicher Mobile Fueling, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: May 16, 2006 By: /s/ Richard E. Gathright
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Richard E. Gathright, President