UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): Form 10-K Form 20-F Form 11-K [X] Form 10-Q Form N-SAR
For Period Ended: February 29, 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
United Venture Group, Inc. f/k/a Advanced Ceiling Supplies Corp.
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Full Name of Registrant
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Former Name if Applicable
30-00 47th Avenue
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Address of Principal Executive Office (Street and Number)
Long Island City, New York 11101
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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.
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
(ATTACH EXTRA SHEETS IF NEEDED)
SEC 1344 (6/94)
<PAGE>
PART IV -- OTHER INFORMATION
1. Name and telephone number of person to contact in regard to this
notification
Mitchell S. Nussbaum 212 704-6426
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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 No or for such
shorter period that the registrant was required to file such report(s)
been filed? If answer is no, identify report(s) YES NO
[ 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 included in No the subject
report or portion thereof? YES NO
[ 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
United Venture Group, Inc. f/k/a Advanced Ceiling Supplies Corp.
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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.
By: /s/ Isaac Nussen
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Date: April 17, 2000 Name: Isaac Nussen
-------------- Title: President
<PAGE>
ATTACHMENT A
PART III - NARRATIVE
The Registrant's Quarterly Report on Form 10-Q for the quarter ended February
29, 2000 (the "Quarterly Report") could not be filed within the prescribed time
period since the Registrant, which has a small accounting staff, has devoted
substantial time and effort to recent business matters affecting the Registrant,
thereby delaying completion of the Quarterly Report. As a result, the
information necessary to complete the Quarterly Report, including the financial
statements and the notes thereto, have not yet been completed.
<PAGE>
ATTACHMENT B
PART IV - OTHER INFORMATION
The Registrant has recently completed a business combination with an operating
company.
