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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 1-14697
CUSIP NUMBER: 050740 10 9
(Check One):
/X/ Form 10-K / / Form 11-K / / Form 20-F / / Form 10-Q / / Form N-SAR
For Period Ended: December 31, 1998
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
audiohighway.com
______________________________________________________________________________
Former Name if Applicable
______________________________________________________________________________
Address of Principal Executive Office (Street and Number)
20600 Mariani Avenue
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City, State and Zip Code
Cupertino, California 95014
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PART II - RULES 12b-25(b) AND (c)
(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 or semi-annual report/portion thereof will
be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report/portion thereof
will be filed on or before the fifth calendar day following the
prescribed due date; and
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(c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
Not Applicable
______________________________________________________________________________
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11K, 20-F,
1000-Q or N-SAR or portion thereof could not be filed within the prescribed
time period. (Attach Extra Sheets if Needed)
The Annual Report on From 10-KSB for the year ended December 31, 1998 (the
"Report") is the first report required by the Registrant since completion of its
initial public offering in late December 1998. The officers and directors of the
Company require additional time to fully and properly draft, review and approve
this first public Report and this needed time will prevent the Registrant from
filing the Report by March 31, 1999 without unreasonable effort and expense.
______________________________________________________________________________
PART IV - OTHER INFORMATION
Name and telephone number of persons to contact in regard to this notification
Grant Jasmin (408) 255-5301
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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
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.
See explanation attached.
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audiohighway.com
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 31, 1999 By: /s/ Grant Jasmin
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Grant Jasmin
Executive Vice President, Vice
President, Finance and Chief
Operating Officer
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audiohighway.com
Form 12b-25
PART IV, ITEM (3)
EXPLANATION: The Registrant expects that it will have both higher revenues and
higher expenses for the year ended December 31, 1998 compared to December 31,
1997. The Registrant launched its Web site and began generating revenues in
November 1997. Therefore, the results of operations for 1997 reflect less than
two months of revenue-generating operations, while 1998 will show the
Registrant's first full year of operations as a revenue-generating company. The
Company expects that its Statement of Operations for the year ended December 31,
1998 will show net revenues of approximately $139,000, total costs and expenses
of approximately $3,750,000 and a net loss of approximately $5,867,000. All of
these numbers reflect increases over the comparable line items for the year
ended December 31, 1997.
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