VISUAL EDGE SYSTEMS INC
NT 10-K, 2000-03-31
MEMBERSHIP SPORTS & RECREATION CLUBS
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12b-25

                                                Commission File Number 000-20995

                           NOTIFICATION OF LATE FILING

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

         For Period Ended:          December 31, 1999
                           -----------------------------------------------------

 [ ] 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:                                      .
                                         -------------------------------------

         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    Visual Edge Systems Inc.
                        --------------------------------------------------------
Former name if applicable


- --------------------------------------------------------------------------------
Address of principal executive office (Street and number)

                           901 Yamato Road, Suite 106
- --------------------------------------------------------------------------------

City, state and zip code   Boca Raton, Florida 33431
                         -------------------------------------------------------

                                     PART II
                             RULE 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-K, 20-F, 11-K or 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-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.


<PAGE>   2

                                    PART III
                                    NARRATIVE

         State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)

         Due to circumstances beyond the Company's control, the Company's
certified public accountants will not be able to complete its audit in time for
the Company to file its Form 10-KSB by the prescribed date.

                                     PART IV
                                OTHER INFORMATION

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

      Ronald F. Seale                    (561)                750-7559
- --------------------------------------------------------------------------------
         (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).
                                                              [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.

                            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:    March 30, 2000                     By:      /s/ Ronald F. Seale
     -------------------------------           ---------------------------------
                                               Ronald F. Seale, President


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