SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
Commission File Number: 000-24256
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: DECEMBER 31, 1998
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
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 ENHANCED SERVICES COMPANY, INC..
Former name if applicable
N/A
Address of principal executive office (STREET AND NUMBER)
3415 SOUTH SEPULVEDA AVENUE, SUITE 500
City, state and zip code LOS ANGELES, CA 90034
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 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: [ ]
(b)The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the 15th 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 [ ]
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PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Registrant changed its fiscal year end to December 31, 1998 and
has commenced the preparation of its annual report on Form 10-K and the
audit of its financial statements for that period. However, the Registrant
has had a significant decrease in its immediate cash resources and delays
in the implementation of its business plans which have placed considerable
constraints on its ability to fund administrative and regulatory costs and
to cover professional fees related to the preparation and finalization of
the financial statements and annual report. Also, the Registrant and
Zulu-tek, a non-reporting issuer, have continued to pursue a business
combination but the form and structure of the combination has vacillated
and, as of the date hereof, has not been fully documented in a manner
which will allow for complete reporting. Management of both companies are
continuing to pursue the business opportunities and the Registrant intends
to prepare and file its annual report and to complete the audit of its
financial statements if operating revenues or capital resources allow, but
there is no assurance that its current circumstances will allow it to fund
these costs.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
ROBERT C. SMITH, (310) 397-3003
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities and 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 met.
The amount of the operating losses for the fiscal period ended
December 31, 1998 will not be materially different than the amount of the
losses for the year ended November 30, 1997. However, during 1998, the
Registrant had a significant increase in the amount of capital raised and
applied to pursue the combined Internet and e-commerce related business
strategy being pursued by the Registrant and Zulu-tek. As a result, the
capital applied to fund operations in the current period was significantly
higher than for the year ended November 30, 1997.
________________________________________________________________________________
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
<PAGE>
Date MARCH 26, 1999 By ROBERT C. SMITH, CHIEF FINANCIAL OFFICER
