U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K and Form 10-KSB [ ] Form 11-K
[ ] Form 20-F [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period ended December 31, 1997
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[ ] Transition Report on Form 10-K and Form 10-KSB [ ] Transition Report on Form
20-F [ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-Q and
Form 10-QSB [ ] 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 World Wide Stone Corporation
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Former name if applicable
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Address of principal executive office (Street and Number)
5236 South 40th Street
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City, State and Zip Code Phoenix, Arizona 85040
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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 appropriate box)
[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, semi-annual report, transition
report on Forms 10-K, 10-KSB, 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;
or the subject quarterly report or transition report on Form 10-Q, 10-QSB, 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
On February 18, 1998, the Company dismissed its previous auditor and
engaged Arthur Andersen LLP as its independent public accountant. As a result of
the change in independent public accountant, the Company's Form 10-KSB for the
year ended December 31, 1997 cannot be filed within the prescribed time period
without unreasonable effort or expense.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Spencer Cunningham (602) 438-1001
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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.
World Wide Stone Corporation
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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, 1998 By /s/ Spencer Cunningham
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Spencer Cunningham
Executive Vice President
<PAGE>
ARTHUR ANDERSEN
Arthur Andersen LLP
Suite 300
501 North 44th Street
Phoenix, AZ 85008
602 286-2000
March 30, 1998
Mr. Spencer Cunningham
Executive Vice President
World Wide Stone Corporation
5236 South 40th Street
Phoenix, Arizona 85040
Dear Mr. Cunningham:
This is to confirm that as a result of us not being engaged by World Wide Stone
until February 18, 1998, we will be unable to complete the audit of World Wide
Stone's financial statements as of and for the yar ended December 31, 1997 by
March 31, 1998. With your assistance, we will endeavor to complete said audit so
you can file your Annual Report on Form 10-KSB for the year ended December 31,
1997 by April 15, 1998.
Very truly yours,
/s/ Arthur Andersen LLP
