SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
Commission File Number 000-21391
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q [ ] Form N-SAR
For Period Ended: SEPTEMBER 30, 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: ______________________________________________
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 Item(s) to which the notification relates:
PART I. REGISTRANT INFORMATION
Full name of registrant TURBODYNE TECHNOLOGIES INC.
------------------------------------------------------
Former name if applicable
- -------------------------------------------------------------------------------
Address of principal executive office (STREET AND NUMBER)
21700 OXNARD STREET, SUITE 1550
- -------------------------------------------------------------------------------
City, State and Zip Code WOODLAND HILLS, CALIFORNIA 91367
------------------------------------------------------
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;
<PAGE>
[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-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-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.)
The Company has not been able to complete the compilation of the requisite
financial data and other narrative information necessary to enable it to have
sufficient time to complete the Company's Quarterly Report on Form 10-Q by
November 15, 1999, the required filing date, without unreasonable effort and
expense.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
JOE CASTANO 818 593-2282
- -------------------------------------------------------------------------------
(Name) (Area Code) (Telephone number)
(2) Have all other periodic reports required under Sections 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?
[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.
TURBODYNE TECHNOLOGIES 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/ Joe Castano
--------------------------------
Name: Joe Castano
Title: Chief Financial Officer
<PAGE>
Part IV. Item 3
The results for the quarter ended September 30, 1999 are significantly impacted
by the substantially increased costs associated with the Company's current
reorganization of Pacific Baja Light Metals, which has filed for protection
under Chapter 11 of the US Bankruptcy Code, and the affects of the
reorganization on the Company's operations during the quarter. The
reorganization of Pacific Baja Light Metals is discussed more fully in the
Company's Current Report on Form 8-K filed October 15, 1999. Consequently, the
Company expects to incur, as compared to the quarter ended September 30, 1998,
decreased revenue and increased costs, resulting in a substantial net loss, for
the quarter ended September 30, 1999.
