NEW GENERATION PLASTIC INC /DE/
NT 10-Q, 2000-11-14
CRUDE PETROLEUM & NATURAL GAS
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                   FORM 12b-25
                           NOTIFICATION OF LATE FILING

                                                                 SEC FILE NUMBER
                                                                    000-24623

                                                                  CUSIP NUMBER

                                                                      6444 6R108

(Check One:):

[ ]    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: September 30, 2000

--------------------------------------------------------------------------------

         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
Former Name if Applicable

      NEW GENERATION HOLDINGS, INC. (formerly New Generation Plastic, Inc.)

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         400 WEST BROADWAY
         -----------------------------------------------------------------------
         Address of Principal Executive Office (street and number)

         NEW YORK, NY 10012
         -----------------------------------------------------------------------
         City, State and 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;

         (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the fifteenth 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.

================================================================================
Part III - Narrative
================================================================================

         State below in reasonable detail the reasons why the Form 10-K and Form
10-KSB, 11-K, 20-F, 10-Q and Form 10-QSB, N-SAR, or the transition report or
portion thereof could not be filed within the prescribed time period.

         The registrant and its independent accountants have not completed their
         review of the filing.

================================================================================
PART IV - OTHER INFORMATION
================================================================================

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

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      Thomas R. Marshall                         516-671-2716
      -----------------------------------------------------------------
           (Name)                            (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 can not be made.


                     --------------------------------------

         New Generation Holdings, Inc. has caused this notification to be signed
on its behalf by the undersigned thereunto duly authorized.


                                            NEW GENERATION HOLDINGS, INC.


Date: November 14, 2000                     By: /s/ Paul Hokfelt
                                            ------------------------------------
                                            Paul Hokfelt
                                            Chief Executive Officer




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