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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
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NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 0-22573 CUSIP NUMBER: 875079-10-5
(Check One)
Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 1998
[ ] 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
[ ] Money Market Fund Rule 30b3-1 Filing
_____________________________________________________________
For the Transition Period Ended:
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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.
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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:
Part I--Registrant Information
Full Name of Registrant: Tamboril Cigar Company
Former Name if Applicable
Address of Principal Executive Office: 2600 S.W. Third Ave.
Miami, FL 33129
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, transtion 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 filing made by a
money market fund pursuant to Rule 30b3-1, 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
The Company has been unable to compile certain financial materials from
vendors in the Dominican Republic which are necessary to complete its
financial statements for the quarter ended March 31, 1998.
Part IV--Other Information
(1) Name and telephone number of person to contact in regard to this
notification
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Adam S. Gottbetter, Esq.
Kaplan Gottbetter & Levenson, LLP
(212)983-0532
(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
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.
Tamboril Cigar Company
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 14, 1998
By: /s/ Pedro J. Mirones
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Pedro J. Mirones, Vice President
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Part IV
(3) Sales for the three month period ended March 31, 1998 were
approximately $244,019, down from $787,999 in the earlier year period. This
drop of approximately 69% in sales is due to the discontinuation of the
Company's distribution relationship with Hubbard Imports, as previously
disclosed in the Company's Annual Report on Form 10-KSB for the Year Ended
December 31, 1997.
Loss from operations in the quarter ended March 31, 1998 increased to
approximately $879,915 from $260,344 in the year earlier period, principally
due to the fact that the Company increased its expenditure levels to support
levels of sales based upon the revenue rates resulting from the Hubbard
relationship during latter 1997, the lack of sales due to the termination of
that relationship and the write-down of accounts receivable due from Hubbard
by $200,000 to reflect the uncertainty of collection.
