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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number: 00-20759
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NOTIFICATION OF LATE FILING
(Check One):
[ ]Form 10-KSB [ ]Form 20-F [ ]Form 11-K [X]Form 10-QSB [ ]Form N-SAR
For Period Ended: October 31, 1998
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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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 American Artists Film Corporation
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Former name if applicable
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Address of principal executive office (Street and Number) 1245 Fowler Street NW
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City, state and zip code Atlanta, Georgia 30318
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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 appropriate box.)
[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-KSB, 20-F, 11-K, 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-QSB, 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-KSB, 11-K,
20-F, 10-QSB, N-SAR or the transition report or portion thereof could not be
filed within the prescribed time period.
The Company was unable to file on the initial filing date because it had
not completed its audit for the year ended July 31, 1998, concluded upon year
end adjustments, or filed the related Form 10-KSB. The Company anticipates that
it will file Form 10-KSB prior to December 31, 1998 and that it will file Form
10-QSB shortly thereafter.
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PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Robert A. Martinez 404 876-7373
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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).
[ ] Yes [X] No
The registrant has not filed the following periodic reports:
The Company has not filed Form 10-KSB for the year ended July 31, 1998.
(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 Company estimates that it will have a net loss for the quarter ended
October 31, 1998 that will range between $300,000 and $325,000.
American Artists Film Corporation has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
Date December 16, 1998 /s/ Robert A. Martinez
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By: Robert A. Martinez
Title: Vice President-Finance, Chief
Financial Officer and Treasurer
