U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-22185
CUSIP NUMBER
302205 10 9
(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:
|_| 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
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
the Item(s) to which the notification relates:
Not Applicable
Part I--Registrant Information
Full Name of Registrant
ExproFuels, Inc.
Former Name if Applicable
Not Applicable
Address of Principal Executive Office (Street/ Number) City, State and Zip Code
500 North Loop 1604 East, Suite 250, San Antonio, Texas 78232
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)
|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
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 Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period. (Attach Extra Sheets
if Needed)
Data necessary to close the Company books not yet available. Relocation of key
operating personnel and related records and files during and subsequent to the
current reporting periods have caused delays in receiving necessary accounting
data.
Part IV--Other Information
(1) Name and telephone no. of person to contact in regard to this notification
Roberto R. Thomae (210) 496-5300
(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.
The Company operating revenues for the six month period ended February 28,
1998 are $729,000. The cost of goods sold have not been finally determined,
but should be approximately $720,000. The net loss from operations for the
six month period ended February 28, 1998 will be approximately $505,000.
The Company generated operating revenues of approximately $547,000 and net
losses of $435,000 during the quarter ended February 28, 1997.
ExproFuels, Inc. has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
ExproFuels, Inc.
April 14, 1998 By:/s/ Roberto R. Thomae, Chief Financial Officer
Date Name and Title
