UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [_] Form 20-F [_] Form 11-K
[ ] Form 10-Q [_] Form N-SAR
For Period Ended: June 30, 1998
------------------------------------
[_] 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
For the Transition Period Ended:
----------------------------------------
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
Advanced Oxygen Technologies, Inc.
- ---------------------------------------------------------------
Former Name if Applicable
- ---------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
c/o Crossfield, Inc.
230 Park Avenue, Ste. 1000
- ---------------------------------------------------------------
City, State and Zip Code
New York, NY 10169
- --------------------------------------------------------------
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;
[x] (b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K, 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 the Form 10-K,
11-K, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
In March of 1998 Advanced Oxygen Technologies, Inc. purchased
certain assets of Integrated Marketing Agency, Inc. (as annotated
in SEC 8-K Filing of March 12, 1998.) The Company began new
operations March 9, 1998. The Company had been dormant for the
previous two years. The Company's fiscal year ended June 30,
1998, making it an unreasonable burden and expense to prepare its
Annual Report on Form 10-KSB by September 28, 1998 deadline. The
Company intends to file its Annual Report on Form 10-KSB by no
later than October 13, 1998.
<PAGE>
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Robert E. Wolfe (212) 808-3061
------------------ ----------- -------------
(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 reports) 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.
During the year ended June 30, 1998, the Company
significantly changed the nature of its business activities from a
dormant company to an operating sales/production company. Due to
this change the Company anticipates there will be a significant
change in results of operations from the year ended June 30, 1998.
The Company expects a loss for the year ended June 30, 1998 of
approximately $4,505.00 compared with a loss of $30,006.00 for the
year ended June 30, 1997. The difference was primarily due to the
fact that the Company was dormant for a majority of the year and
began new operations in March of 1998.
-----------------------------------------------------------------
Advanced Oxygen Technologies, Inc.
-------------------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date September 29, 1998 By /s/ Robert E. Wolfe
------------------- --------------------------------------
Robert E. Wolfe,
Chairman of the Board, and
Chief Executive Officer
