__________________________
For Period Ended: June 30, 2001 |
|
[ ] 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.
Due to the Company's efforts relating to the acquisition of East
Tennessee Materials and Energy Corporation, 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 June 30, 2001.
____________________________________________________________
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.
The Registrant believes the changed results may be attributed, among other things, to increased interest expense and financing fees related to new debt and the acquisition of East Tennessee Materials and Energy Corporation.
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 14, 2001 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.
_______________________________________________________________
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001).
_______________________________________________________________
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).
K:\PESI\10q\2001\6-01\Form 12b25.2.wpd