SECURITIES AND EXCHANGE COMMISION
WASHINGTON, DC 20549
FORM 12B-25
Commission File Number___0-25177__
NOTIFICATION OF LATE FILING
(Check One): _X_ Form 10-K ___ Form 11-K ___ Form 20-F ___ Form 10-Q
|_| Form N-SAR
For Period Ended: ______________June 30, 2000________________________________
___Transition Report on Form 10-K ___Transition Report on Form 10-Q
___Transition Report on Form 20-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 ______________Advanced Engine Technologies, Inc________
Former name is applicable
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Address of Principal executive office (Street and Number)
__________________________________11150 W. Olympic Blvd. Suite 1020____________
City, State and Zip code _______________Los Angeles, CA 90064__________________
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.)
(a) _X The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) _X The subject annual report, semi-annual report, transition
report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion 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.)
Advanced Engine Technologies, Inc. has changed its corporate office location and
management recently preventing the Company from filing a Financial Statement and
Annual Report for the yearend of June 30, 2000. Due to the relocation and
management changes, the auditors could not complete the audit and the filing of
Form 10-KSB in sufficient time for it to be filed by September 29, 2000.
<PAGE>
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
________Neil Cummings_________________________________310______914-1849_____
(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 portions thereof?
_X_ Yes ___ No
If so: attach an explanation of the anticipated change, both
narratively and quantatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
Attached explanation: Item 1
_________________Advanced Engine Technologies, 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 September 28, 2000
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By /s/ Carroll Shelby
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(Carroll Shelby, President)
<PAGE>
ITEM 1
The Company expects that its operating results for the year
ended June 30, 2000 will differ significantly from the results for the
year ended June 30, 1999. This is because of increasing research,
development and administrative costs. As a result the Company expects
to report a net loss of approximately $ 2.2 million for fiscal 2000 as
compared to a loss $902,381 for fiscal 1999. The estimated net loss per
share for fiscal 2000 is expected to be approximately $.12 as compared
to $.04 for fiscal 1999.
