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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC File Number: 0-28868
NOTIFICATION OF LATE FILING
(Check One) X Form 10-K Form 20-F Form 11-K Form 10-Q Form N-SAR
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For Period Ended: March 31, 1999
[ ] Transition Report on Form 10-K
[ ] 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:
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READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR TYPE
Nothing in the form shall be construed to imply that the Commission has verified
any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
Full Name of Registrant: Leading Edge Packaging, Inc.
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Former Name if Applicable
Address of Principal Executive Office (Street and Number): Empire State
Building, 350 Fifth Avenue, Suite 3922
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City, State and Zip Code: New York, NY 10118
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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)
(a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort
or expense;
(b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
[ X ] thereof, will be filed on or before the fifteenth calendar
day following the prescribed due date; or the subject quarterly
report of 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed with the
prescribed time period:
The Company was unable to complete the audit of its financial
statements for the fiscal year ended March 31, 1999 in sufficient time to timely
file its Annual Report on Form 10-K. The Company is current with respect to all
prior "reporting requirements" and is diligently endeavoring to complete the
filing of its 10-K in as expeditious a manner as possible in light of the
circumstances described above. The Company, therefore, requests an extension
within which to file its Form 10-K for the year ended March 31, 1999 of fifteen
calendar days following the prescribed due date as indicated in Part II (b) of
the Form 12b-25.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Casey K. Tjang (732)225-6868
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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 reports been filed? If answer is no
identify report(s). X Yes No
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(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
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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.
LEADING EDGE PACKAGING, INC. has caused this notification to be signed
on its behalf by the undersigned hereunto duly authorized.
Date: June 29, 1999 By: /s/ Casey K. Tjang
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Casey K. Tjang, President and Chief
Financial Officer (Principal Accounting
Officer)
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ATTACHMENT
Question (3) of Item IV:
The Company's operating results and assets for the fiscal year ended
March 31, 1999 have significantly declined over the prior fiscal year due to the
liquidation of subsidiaries which it acquired in its share exchange with Chung
Hwa Developments Limited as well as from significant losses for the second half
of the year due to a sudden disruption of production at, and delivery of
merchandise from, the Company's China joint venture, during the 1998 holiday
season. The Company has established a new production facility in China and has
resumed production of its products at that facility.
