U.S. 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: December 31, 1999
[ ]Transition Report on Form 10-K
[ ]Transition Report on Form 20-F SEC FILE NUMBER
[ ]Transition Report on Form 11-K 0-8301
[ ]Transition Report on Form 10-Q
[ ]Transition Report on Form N-SAR
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: Golden Triangle Industries, Inc.
Former Name if Applicable:
Address of Principal Executive
Office (Street and Number): 6314 Aspen Cove Court
City, State & Zip Code Sugar Land, Texas 77479
________________________________________________________________________
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, semiannual 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
[X](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, 20-F, 11-K,
10-Q, N-SAR or the transition report or portion thereof could not be filed
within the prescribed time period. (Attach Extra Sheets if Needed)
During December 1999, the Company entered into negotiations with a third party
entity regarding the possibility of reaching an agreement for the Company to
acquire that entity in a stock transaction that was believed would result in a
requirement to file consolidated financial statements. These negotiations
became extended as both parties were attempting to work through a complex
scenario of actions and their timing. These negotiations consumed significant
amounts of attention by the Company's management and accounting personnel. As
a result, significant delays were incurred in providing information to new
auditors who were engaged during January 2000 and they were delayed in getting
started on their audit and will not be able to complete their audit in time to
file by the March 30, 2000 due date without unreasonable effort or expense.
Current analysis of the timing of completion of the financial statements
indicates that the Company should be able to file its form 10-K within the
fifteen day extension period provided through this notification.
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Part IV--Other Information
________________________________________________________________________
(1)Name and telephone number of person to contact in regard to this
notification: Robert Early (915) 691-5790
(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
(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? [ ] Yes [X] 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.
GOLDEN TRIANGLE INDUSTRIES, INC.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 30, 2000 By: /s/ Robert B. Early
Robert B. Early
Chief Financial 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.
________________________________________________________________________
<PAGE>
PRICHER & COMPANY
March 29, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 200549
RE: GOLDEN TRIANGLE INDUSTRIES, INC.
SEC File # 0-8301
Gentlemen:
This letter is written in response to the requirement of Rule 12b-25(c) under
the Securities Exchange Act of 1934 and in satisfaction of item (c) of Part II
of Form 12b-25.
We are the independent auditors of Golden Triangle Industries, Inc. and have
been engaged to audit its consolidated financial statements as of and for the
year ended December 31, 1999. The Registrant has stated in Part III of its
filing on From 12b-25 that it is unable to timely file, without unreasonable
effort or expense, its Annual report on Form 10-KSB for the year ended
December 31, 1999 because of delays in making information available to us with
the result that our firm has not yet completed an audit of the financial
statements of the Registrant for the year ended December 31, 1999, and we are
therefore unable to furnish the required report on such financial statements.
We hereby advise you that we have read the statements made by the Registrant
in part III of its filing on Form 12b-25. Please be advised that we concur
with the statement that we have been delayed in our receipt of the
Registrant's financial statements and supporting documentation and have been
thus delayed in the completion of our audit of those statements.
Very truly yours,
/s/ Pricher & Company
PRICHER AND COMPANY
