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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 0000-10576
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-QSB [ ] Form N-SAR
For Period Ended: October 31, 1999
[X] 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:_____________________________
Read attached instruction sheet 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:_________________________
PART I - Registrant Information
Full Name of Registrant PETPLANET.COM, INC.
Former Name if Applicable TECHSCIENCE INDUSTRIES, INC.
Address of Principal executive Office (Street and Number):
21 Stillman Street, Suite 600
San Francisco, CA 94107
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)
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[ ] (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 or semi-annual report/portion thereof will be
filed on or before the fifteenth calendar day following the prescribed
due date; or the subject quarterly report/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 the 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's internal accounting staff has encountered delays in closing the
books of the Registrant on a timely basis due to problems in gathering financial
data. As a result, the Form 10-KSB for the period ended October 31, 1999 has not
been completed and accordingly this notification is being filed.
PART IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Jeffrey Harris (415) 243-9000 x 107
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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, please identity 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 can not be made.
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SIGNATURE
PETPLANET.COM, INC.
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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: January 27, 2000
By:__________________________________________
Steven E. Marder, Chief Executive Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant
or by any other duly authorized representative. The name and title of the
person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 of the General Rules and Regulations
under the Securities Act of 1934.
2. One signed and four conformed copies of this form and amendments thereto
must be completed and filed with the Securities and Exchange Commission,
Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and
Regulations under the Act. The information contained in or filed with the form
will be made a matter of the public record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of the
registrant is registered.
4. Amendments to the notifications must also be filed on Form 12b-25 but need
not restate information that has been correctly furnished. The form shall be
clearly identified as an amended notification.
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ATTACHMENT
PART IV(3)
On May 13, 1999, the Registrant closed a reverse acquisition with
PetPlanet.com, Inc., a privately held California corporation, pursuant to the
terms of the Reorganization Agreement ("Reorganization"), Exhibit 2.1. Prior to
the date of the Reorganization, the Registrant's business was confined to
bringing its periodic reports required to be filed under the Securities and
Exchange Act of 1934 current and the active pursuit of a business partner. Based
on the facts that (i) the Registrant's business activity during the seven (7)
prior fiscal years was so nominal, there were no recognizable earnings and (ii)
following the Reorganization, the Registrant became a going concern, all
earnings reported in the subject report represent a significant change in
results of operations from the last fiscal year.
