SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number: 000-08835
(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 March 31, 1998
| | 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 relates to a portion of the filing checked above, identify
the item(s) to which notification relates: __________________________________
PART I
REGISTRANT INFORMATION
Full name of registrant: Taurus Entertainment Companies, Inc.
Former name if applicable: Taurus Petroleum, Inc.
Address of principal
executive office: 16770 Hedgecroft, Suite 714
City, State and Zip Code: Houston, Texas 77060
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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 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.)
The Registrant's quarterly report on Form 10-QSB could not be filed within the
prescribed time period because the Company has not been able to complete the
unaudited financial statements required to be included in the Form 10-QSB in
order for the Form 10-QSB to be filed in a timely manner. One of the Company's
facilities suffered fire damage on May 5, 1998, and as a result, a significant
portion of management's efforts have been directed at remodeling activities in
order to bring the facility back to a revenue-producing status. The fire damage
was reported in a current report on Form 8-K dated May 5, 1998 and filed
May 11, 1998.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Eric Langan (281) 820-1181
(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).
|_| YES |X| No
The Company has not yet filed by amendment the audited and pro forma financial
statements related to the subject matter of a current report on Form 8-K dated
December 31, 1997 and filed January 15, 1998.
(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.
Explanation for Form 12b-25 Part IV Item (3): The Company anticipates that its
results of operations for the quarter ended March 31, 1998 will reflect revenue
from operations and a profit before income taxes. The revenue from operations
and a profit before income taxes reflects the Company's revenues related to the
businesses and assets operated during the quarter to be reported but not
operated in the corresponding period for the prior fiscal year. The results
cannot be reasonably estimated because the Company has not been able to complete
the unaudited financial statements required to be included in the Form 10-QSB,
and therefore the Company at this time has no reasonable basis for making an
estimate of the results.
Exhibits
None.
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Taurus Entertainment Companies, 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 May 14, 1998 By /s/ Eric Langan
__________________________________
Eric Langan
Chairman of the Board, President,
and Chief Accounting Officer
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