CareAdvantage, Inc.(fka CADV)

[032798]

News for CADV in their NT-10K:

PART III

NARRATIVE



State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.



CareAdvantage, Inc. (the “Corporation”) is in the process of negotiating with third parties for additional financing to pay its outstanding obligations and fund future operations and to obtain new business from affiliates of such third parties. The Corporation has been notified by EisnerAmper LLP (“EisnerAmper”), its independent registered public accounting firm, that EisnerAmper’s auditors’ report will likely include a going concern uncertainty paragraph. The content of certain disclosures to be made in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2011 (the “Form 10-K”), particularly with respect to liquidity and capital resources, and in the audited financial statements and notes thereto required to be included in the Form 10-K, depend on the outcome of these negotiations. Accordingly, and because these negotiations are on-going, the Corporation does not have all of the information necessary to complete the Form 10-K and file it by its due date, and this situation could not have been eliminated without unreasonable effort or expense, if at all. The Corporation does expect to file the Form 10-K on or before April 16, 2012.


http://www.sec.gov/Archives/edgar/data/937252/000114420412018865/v307853_nt10k.htm