UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
(Check One): [X] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-QSB
For Period Ended: December 31, 1997 SEC FILE NUMBER: 0-11734
CUSIP NUMBER: 670787B100
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: Entire Form 10-KSB
Part I - Registrant Information
Full Name of Registrant: China Food and Beverage Company
Former Name of Applicant: OMAP Holdings, Inc.
Address of Principal Executive Office: 82-66 Austin Street
Kew Gardens, New York 11415
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, 2-F, 11-F, 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-KSB, 11-F, 20-F,
10-QSB, N-SAR or
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portion thereof could not be filed within the prescribed time period.
On March 15, 1997, the Company acquired all the capital stock of American
China Development Corporation, a Bahamian corporation which owned a 60%
interest in a joint venture with the People's Republic of China in a
brewery. The brewery, known as the Nantong Aitesi Beer Company, is located
in the Chinese city of Qidang. The Company has experienced unanticipated
delays in preparing its year-end financial statements resulting from
differences between Chinese and American accounting standards with respect
to the treatment of inventory. The Company has been unable to eliminate
these delays without unreasonable effort or expense.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
James Tilton President (718) 445-7736
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(Name) Title (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
(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?
[ ] 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. N/A
China Food and Beverage Company
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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 March 30, 1997 By /s/ James Tilton
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James Tilton, President
