United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 12b-25
Notification of Late Filing SEC File Number
(0-15435)
(Check One)(X)Form 10-K( )Form 20-F( )Form 11-K( ) Form 10-Q( )Form N-SAR
Cusip Number
(320080 20 3)
For Period Ended: 12/31/95
( )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:_________________________________________
(Nothing in this form shall construed to imply that the Commission has
verified any information contained herein.)
If the notification related to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
_____________________________________________________________________________
Part I-Registrant Information
First Entertainment Inc.
(Full Name of Registrant)
(Former Name if Applicable)
1380 Lawrence St. Suite 1440
(Address of Principal Executive Office )
Denver, CO 80233
(City, State and Zip Code)
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 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 of
transition report on Form 10-Q, or portion thereof will be
filed on or before the fifty calendar day following the
prescribed due date;and
(c) The accountant's statment 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 Forms 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.
The Registrant determined to discontinue the operations of a subsidiary in
November 1995. The net realizable value of the assets of discontinued
operations are still being determined as well as the expected losses during the
phaseout period.
Part IV-Other Information
(1) Name and telephone number of person to contact in regard to this
notification
A.B. Goldberg 303 592-1235
(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 preceeding 12 months or for such shorted period that
the registrant was required to file such report(s) been filed? If answer is
no, identify report(s) (X)Yes ( )No
___________________________________________________________________________
(3) Is is 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 explation of the anticipated change, both narratively and
quantitatively, and if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
As in the prior year the registrant will have a net loss. The net loss for
the year ended December 31, 1995 is expected to be approximatedly $3.7 million.
____________________________________________________________________________
First Entertainment Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersiged
hereunto duly authorized.
Date 3/28/96 By A.B. Goldberg