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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
Commission File Number 000-24685
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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
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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 attached instruction sheet before preparing form. Please print or type.
Nothing in this report 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 information relates:
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PART I
REGISTRANT INFORMATION
Full name of registrant EarthCare Company
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Former name if applicable Santi Group, Inc.
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Address of principal executive office (Street and number) 14901 Quorum Drive,
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Suite 200
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City, state and zip code Dallas, Texas 75240
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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) The reasons described below 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, 20-F, 11-K of Form
N-SAR, or portion thereof will be filed on or
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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.)
The Registrant was unable to file its Quarterly Report on Form 10-Q
within the prescribed time due to recent turnover in the Registrant's financial
management, which delayed the completion of the quarterly financial statements.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
Lew Nevins (972) 858-6025
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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 the report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in the 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.
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The Registrant anticipates a significant change in the results of
operations for the quarter ended March 31, 2000 from the results of
operations for the quarter ended March 31, 1999 as follows:
For the three months ended March 31, 2000, preliminary unaudited
results indicate revenues of approximately $20 million and a net loss
of approximately $2 million or $0.17 per share. For the three months
ended March 31, 1999, the Registrant reported revenues of $7.8 million
and a net loss of $0.3 million or $0.03 per share.
The increased loss for the three months ended March 31, 2000 is due
primarily to (i) higher selling, general and administrative expenses
related to the company's new programs and (ii) higher interest expense
related mainly to increased borrowings to fund acquisitions completed
during the quarter.
EarthCare Company
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(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/ Harry Habets
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President and Chief Operating Officer
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