YELLOWAVE CORP
NT 10-K, 2000-09-29
PERSONAL SERVICES
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

NOTIFICATION OF LATE FILING                                    SEC FILE NUMBER
                                                                  000-05223

       (Check One):




[ X ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [x] Form 10-Q and
Form 10-QSB [ ] Form N-SAR


For Period Ended: ...............................................June 30, 2000

[  ]  Transition Report on Form 10-K
[  ]  Transition Report on Form 20-F
[  ]  Transition Report on Form 11-K
[  ]  Transition Report on Form 10-Q
[  ]  Transition Report on Form N-SAR

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


         Full Name of Registrant

                              YELLOWAVE CORPORATION
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                            Former Name if Applicable

                      11777 San Vincente Blvd., Suite 505,
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            Address of Principal Executive Office (Street and Number)

                          LOS ANGELES, CALIFORNIA 90049
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                            City, State and Zip Code
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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)

         [X] (a) The  reasons  described  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, Form 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the fifteenth 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 and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.

         The Registrant was unable to file its Form 10KSB for the period ended
June 30, 2000, without unreasonable expense and effort due to its inability to
finish the required financial statements within a sufficient time for management
to review the financial statements with its independent accountants and to
prepare the management discussion and analysis.


Part IV - Other Information

         (1)  Name and telephone number of person to contact in regard to this
notification

Laura Ballegeer               (310)                              979-8055
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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 report(s).

                                                              [X] Yes   [ ] No
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         (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 earning statements to be included in the subject report or
portion thereof?
                                                              [X] Yes   [ ] No

         If so, attach an explanation of the anticipated changes, both
narratively and quantitatively, and if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.

         The Company incurred a net gain for the year ended June 30, 1999, of
$753,756 and anticipates incurring a net gain on discontinued operations for the
year ended June 30, 2000, of approximately $2,000,000. The Company believes that
the primary reason for the net loss in continued operations is due to the sale
of substantially all of its assets in June 2000, and that from this period it
has not engaged in any business operations and its only source of revenue is
interest income.



                              YELLOWAVE CORPORATION
                  --------------------------------------------
                  (Name of Registrant as specified in charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.



                                                     YELLOWAVE CORPORATION



Date: September 28, 2000                   By: /s/ Laura Ballegeer
                                               -------------------------------
                                               Laura Ballegeer, Secretary




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