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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F
[x] Form 10-Q [ ] Form N-SAR
For Period Ended: March 31, 2000
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on For 2-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
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:
PART I
REGISTRANT INFORMATION
Full name of registrant: Medical Device Alliance Inc.
Former name if applicable: N/A
Address of principal executive office (Street and number): 5851 West Charleston
City, state and zip code: Las Vegas, Nevada 89146
PART II
RULE 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;
[ ] (b) The subject annual report, semi-annual report,
transition report on Form 10-K, 20-F, 11-K or
Form N-SAR, or portion
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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, 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, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
As previously reported on Form 8-K, the District Court of Clark
County, Nevada (the "COURT") appointed George C. Swarts as receiver (the
"RECEIVER") over all of the day-to-day administration and management of the
Company and its assets. Although the Receiver engaged BDO Seidman, LLP
(its "AUDITORS")as its new outside auditors on October 26, 1999, as a result of
on-going complications related to the Receivership, and on-going constraints on
the Company's financial resources which prevented the Company from paying its
Auditors current until recently, the Company has not been able to complete the
preparation of its financial statements for the years ended December 31, 1998
and December 31, 1999, and the for the interim periods ended March 31, June 30,
and September 30, 1999, and March 31, 2000, or to complete the audit of its
year end 1998 and 1999 financial statements. While the Company has engaged
and now recommenced payments to its Auditors to enable them to resume work on
the respective audit(s), until it can complete the preparation and audit of
its financial statements, the Company will continue to be unable to file its
Form 10-KSBs and Form 10-QSBs for such respective periods, and will therefore
remain in non-compliance with its reporting obligations under the Exchange
Act. The Company intends to work diligently with its Auditors to finalize its
financial statements and complete the year end audits as soon as reasonably
practicable, however, given its current financial and other constraints,
combined with the inability to predict the results of the Receiver's on-going
diligence investigation, the Company is unable at this time to determine with
any degree of certainty when it expects to be in full compliance with its
reporting obligations under the Exchange Act.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this notification
George C. Swarts (702) 870-8663
(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?
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If the answer is no, identify report(s).
[ ] Yes [X] No
Forms 10-KSB for the years ended December 31, 1998 and December 31,
1999, and Form 10- QSBs for the quarters ended March 31, June 30, September 31,
1999 and March 31, 2000 (see Part III).
(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
cannot be made.
MEDICAL DEVICE ALLIANCE INC.
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: May 15, 2000 By /s/ George C. Swarts
