VISUAL EDGE SYSTEMS INC
NT 10-Q, 1999-11-15
MEMBERSHIP SPORTS & RECREATION CLUBS
Previous: C3 INC /NC/, 10-Q, 1999-11-15
Next: WOODFORD GAYED MANAGEMENT INC/NY, 13F-HR, 1999-11-15




             U.S. SECURITIES AND EXCHANGE COMMISSION

                     Washington D.C.  20549
                 ______________________________

                           FORM 12b-25

                   NOTIFICATION OF LATE FILING

                          (Check One):
[   ] Form 10-K     [   ] Form 20-F      [   ] Form 11-K
[   ] Form 10-Q     [   ] Form N-SAR     [   ] Form 10-KSB
[ X ] Form 10-QSB

For Period Ended:  September 30, 1999        SEC File Number 0-20995
[   ] Transition Report on Form 10-K         CUSIP Number 928430 10 7
[   ] 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:

__________________________________________________________________
PART I - REGISTRANT INFORMATION

                    VISUAL EDGE SYSTEMS INC.
                    (Full Name of Registrant)


                   901 Yamato Road, Suite 106
             (Address of Principal Executive Office)

Boca Raton, Florida                                       33431
(City and State)                                       (Zip Code)

__________________________________________________________________
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.)

          (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 quarterly report on Form
          10-QSB 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.




<PAGE>

_________________________________________________________________
PART III - NARRATIVE

State below in reasonable detail the reasons why the Form 10-QSB
could not be filed within the prescribed time period.

                       SEE ATTACHMENT III.

__________________________________________________________________
PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to
     this notification:

     Ronald F. Seale          561            750-7559, Ext.26
        (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 been filed?         [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?                                [ ]   Yes    [X]  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.


<PAGE>

                    Visual Edge Systems Inc.
          (Name of Registrant as specified in Charter)

has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.

Date:  November 15, 1999


                              By:   /s/ RONALD F. SEALE
                                 --------------------------------
                              Name:  Ronald F. Seale
                              Title: Chairman and Chief Executive
                                      Officer


                            ATTENTION
Intentional misstatements or omissions constitute Federal
Criminal Violations (see 18 U.S.C. 1001).

<PAGE>


                         ATTACHMENT III
                               TO
                   NOTIFICATION OF LATE FILING
                         OF FORM 10-QSB
      FOR QUARTERLY REPORT PERIOD ENDED SEPTEMBER 30, 1999

     The Registrant was unable to timely file its Quarterly
Report on Form 10-QSB for the period ended September 30, 1999
because the Registrant could not finalize its internal accounting
procedures by November 15, 1999.

     The Registrant represents that it could not have eliminated
the reason causing the delay without unreasonable effort or
expense.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission