SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
COMMISSION FILE NUMBER 0-27725
CUSIP NUMBER
04517X 10 5
(CHECK ONE)
| | FORM 10-K AND FORM 10-KSB | | FORM 11-K
| | FORM 20-F |X| FORM 10-Q AND FORM 10-QSB | | FORM N-SAR
FOR THE PERIOD ENDED SEPTEMBER 30, 2000
| | TRANSITION REPORT ON FORM 10-K AND FORM 10-KSB
| | TRANSITION REPORT ON FORM 20-F
| | TRANSITION REPORT ON FORM 11-K
| | TRANSITION REPORT ON FORM 10-Q AND FORM 10-QSB
| | TRANSITION REPORT ON FORM N-SAR
FOR THE TRANSITION PERIOD ENDED ____________
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
IF THE NOTIFICATION RELATED TO A PORTION OF THE FILING CHECKED ABOVE, IDENTIFY
THE ITEM(S) TO WHICH NOTIFICATION RELATES:
PART I
REGISTRANT INFORMATION
FULL NAME OF REGISTRANT: Asia4Sale.com, Inc.
FORMER NAME IF APPLICABLE: HL Investments, Inc.
ADDRESS OF PRINCIPAL
EXECUTIVE OFFICE: 2465 West 12th Street, Suite 2
CITY, STATE AND ZIP CODE: Tempe AZ 85281-6935
<PAGE>
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 APPROPRIATE BOX.)
|X| (A) THE REASONS DESCRIBED IN 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 OF
FORMS 10-K, 10-KSB, 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, 10-QSB, 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 FORMS 10-K, 10-KSB, 11-K, 20-F,
10-Q, 10-QSB, N-SAR OR THE TRANSITION REPORT PORTION THEREOF COULD NOT BE FILED
WITHIN THE PRESCRIBED TIME PERIOD. (ATTACH EXTRA SHEETS IF NEEDED.)
Registrant experienced a significant increase in both gross revenue and
operating costs, occasioned by the acquisition of WWA World Wide Auctioneers
(USA) Inc. and its subsidiaries in Europe, the Middle-East and Asia. See
unaudited Consolidated Statement of Income below.
<PAGE>
PART IV
OTHER INFORMATION
(1) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS
NOTIFICATION:
James Emberton (852) 2866 4311
-----------------------------------------------------
(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 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.
Registrant experienced a significant increase in both gross revenue and
operating costs, occasioned by the acquisition of WWA World Wide Auctioneers
(USA) Inc. and its subsidiaries in Europe, the Middle-East and Asia. See
unaudited Consolidated Statement of Income below.
<TABLE>
<CAPTION>
Consolidated Statement of Income (Unaudited)
--------------------------------------------
Three Months Ending Nine Months Ending
Sep 30 Sep 30
2000 1999 2000 1999
------------ ---------- ----------- ----------
<S> <C> <C> <C> <C>
REVENUES $ 200,664 0 278,511 0
Less Cost of Sales 182,799 0 189,469 0
------------ ---------- ----------- ----------
Gross Profit 17,865 0 89,042 0
OPERATING EXPENSES
Depreciation and Amortization 2,245 0 4,262 0
General & Administrative Expense 519,563 19,353 891,330 19,353
------------ ---------- -----------
Total Operating Expenses 521,808 19,353 895,592 19,353
INCOME <LOSS> FROM OPERATIONS (503,943) (19,353) (806,550) (19,353)
------------ ---------- ----------- ----------
OTHER INCOME
Interest Income 2,975 336 22,766 336
------------ ---------- ----------- ----------
Total Other Income 2,975 336 22,766 336
NET INCOME $ (500,968) (19,017) (783,783) (19,017)
------------ ---------- ----------- ----------
NET INCOME (LOSS) PER SHARE $ (0.046) (0.019) (0.073) (0.019)
------------ ---------- ----------- ----------
WEIGHTED AVERAGE SHARES OUTSTANDING 10,800,000 1,000,000 10,800,000 1,000,000
============ ========== =========== ==========
</TABLE>
Reported in accordance with United States generally accepted accounting
principles ("GAAP") for interim financial information.
<PAGE>
Asia4Sale.com, 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: November 14, 2000 BY: /S/ James Emberton
-----------------------
Chief Financial Officer
