UNITED STATES
SECURITIES AND EXCHANGE COMMISSION -------------------------
Washington, D.C. 20549 OMB APPROVAL
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FORM 12b-25 OMB Number: 3235-0058
NOTIFICATION OF LATE FILING Expires: May 31, 1997
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SEC FILE NUMBER
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CUSIP NUMBER
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(Check One):[ ]Form 10-KSB [ ]Form 20-F [ ]Form 11-K [X] Form 10-Q [ ]Form N-SAR
For Period Ended: March 31, 2000
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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:
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Read Instruction (on back page) 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:
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PART I -- REGISTRANT INFORMATION
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Full Name of Registrant
Global Sources Limited
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Former Name if Applicable
First Sunrise Inc.
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Address of Principal Executive Office (Street and Number)
342 Madison Avenue, Suite 1815 New York, New York 10173
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City, State and Zip Code
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, transition report
on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,
[X] will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report of
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 12-b-25(c) has been attached if applicable.
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PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. SEE ATTACHMENT A
PART IV -- OTHER INFORMATION
1. Name and telephone number of person to contact in regard to this
notification
John Mazzuto 212 683 6363
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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 answer is no, YES No
identify report(s) [X] [ ]
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 YES No
included in Yes No the subject report or portion thereof? [X] [ ]
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of results cannot be made. SEE ATTACHMENT B
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Global Sources Limited
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date May 15, 2000 By: /s/ John Mazzuto
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John Mazzuto, President
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INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The
name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf
of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
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Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
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GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 of the General Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments thereto must be completed and filed with the
Securities and Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and Regulations
under the Act. The information contained in or filed with the form will be made a matter of public record in the Commission
files.
3. A manually signed copy of the form and amendments thereto shall be filed with each national securities exchange on which any
class of securities of the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but need not restate information that has been correctly
furnished. The form shall be clearly identified as an amended notification.
5. ELECTRONIC FILERS. This form shall not be used by electronic filers unable to timely file a report solely due to electronic
difficulties. Filers unable to submit a report within the time period prescribed due to difficulties in electronic filing should
comply with either Rule 201 or Rule 202 of Regulation S-T or apply for an adjustment in filing date pursuant to Rule 13(b) of
Regulation S-T.
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ATTACHMENTS A and B
PART III - NARRATIVE
The Registrant's Quarterly Report on Form 10-QSSB for the quarter ended March
31, 2000 could not be filed within the prescribed time period because the
Registrant has not finalized all of its accounting matters due to (i) its
inability to obtain financial statements for all of its subsidiary businesses
and (ii) the recent resignation of its public accoutants. As a result, the
financial statements of the Registrant for the quarter ended March 31, 2000 have
not yet been completed.
PART IV - OTHER INFORMATION
The earnings statements to be included in the Registrant's Quarterly Report on
Form 10-QSB for the quarter ended March 31, 2000 as compared to the Registrant's
Quarterly Report on Form 10-QSB for the quarter ended March 31, 1999 will
reflect significant changes in the results of operations due to the Registrant's
purchase of assets and the acquisition of related business entities during the
interim fiscal period. Because the Registrant is still awaiting financial
statements from some of its subsidiary businesses (including such acquired
business entities), the extent of the changes in the results of operations
cannot be quantified with any reasonable certainty at this time.