SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Notification of Late Filing
Commission File Number 000-21391
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(CHECK ONE):
[X] Form 10-K and Form 10-KSB [ ] FORM 11-K [ ] FORM 20-F [X] FORM 10-Q and Form
10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1999
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[ ] Transition Report on Form 10-K and Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q and Form 10-QSB
[ ] Transition Report on Form N-SAR
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 TURBODYNE TECHNOLOGIES, INC.
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Former name if applicable
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Address of principal executive office: 6155 Carpinteria Avenue
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City, State and Zip Code: Carpinteria, California 93013
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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 forms 10-K, 10-KSB, 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, 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 the Form 10-K, 10-KSB,
11-K, 20-F, 10-Q, 10-QSB, N-SAR or the transition report thereof could not be
filed within the prescribed time period.
The Registrant 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 Registrant's Annual Report on Form 10-K
by March 30, 2000, 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.
Joseph D. Castano 805 684-4551
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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). [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
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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.
The results for the year ended December 31, 1999 are significantly
negatively impacted by the bankruptcy of Pacific Baja Light Metals described in
the Registrant's press releases dated March 15, 2000 and February 18, 2000. The
disposition of Pacific Baja Light Metals will have a material adverse impact on
the gross sales and net income of the Registrant as well as stockholder's
equity. Consequently, the Registrant expects to incur a substantial net loss for
the year ended December 31, 1999 as compared to the prior period.
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TURBODYNE TECHNOLOGIES, INC.
Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date March 30, 2000 By /s/ Joseph D. Castano
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Joseph D. Castano
Chief Financial Officer
Turbodyne Technologies, Inc.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).
