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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number: 0-14646
NOTIFICATION OF LATE FILING
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(Check One): [ ] Form 10-KSB [ ] Form 11-K [ ] Form 20-F [X] Form 10-QSB [ ] Form N-SAR
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For Period Ended: March 31, 1999
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[ ] 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
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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 notification relates:
Part I. Registrant Information
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Full name of registrant: ENTERTAINMENT INTERNATIONAL LTD.
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Former name if applicable: AIRSHIP INTERNATIONAL LTD.
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Address of principal executive office (Street and number):
7380 Sand Lake Road, Suite 350
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City, State and Zip Code:
Orlando, FL 32819
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Part II. Rule 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 appropriate box.)
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[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 quarterly report on Form 10-QSB 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
The registrant is unable to file its Quartelry Report (the "Quarterly
Report") on Form 10-QSB for its quarter ended March 31, 1999 by the prescribed
date of May 15, 1999 without unreasonable effort or expense due to unforeseen
circumstances encountered in connection with reconciling its bank statements and
the related financial statements for such quarter. The registrant intends to
file the Quarterly Report on or prior to the prescribed extended date.
Part IV. Other Information
(1) Name and telephone number of person to contact in
regard to this notification
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Samuel F. Ottensoser (212) 702-5962
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(Name) (Area code) (Telephone number)
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(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.
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ENTERTAINMENT INTERNATIONAL LTD.
(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 14, 1999 By: /s/ Louis J. Pearlman
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Louis J. Pearlman, President
Chairman and Chief Executive Officer
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).
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