UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): ___ Form 10-K __Form 20-F __Form 11-K _X_Form 10-Q __Form N-SAR
SEC FILE NUMBER - 0-18925
CUSIP NUMBER - 457954-50-1
For Period Ended: August 31, 2000
[ ] 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:_________________________________________
Read Instruction (on back page) 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: N/A
PART 1 - REGISTRANT INFORMATION
Full Name or Registrant - Innovo Group Inc.
Former Name if Applicable -
Address of Principal Executive Office (Street and Number) -
2633 Kingston Pike, Suite 100
City, State and Zip Code - Knoxville, Tennessee 37919
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, Form N-SAR, or portion
therefore, 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 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 the Form 10-K, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period. (Attach Extra Sheets if Needed).
The Company requires additional time to finalize the financial statements
in its Quarterly Report for a complete and accurate filing.
PART IV - OTHER INFORMATION
(1) Name and telephone Number of person to contact in regard to this
notification - Jay Furrow, 865-546-1110
(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 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?
_X_Yes ___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.
Net Sales for the nine months ended August 31, 2000 were approximately
$5.5 million compared to approximately $9.5 million in the same period of
the prior year. Net loss for the nine months ended August 31, 2000 was
approximately $1.8 million or $0.24 per share with the loss for the same
period in 1999 being approximately $16,000 or $0.00 per share. The
decrease in sales is primarily the result of a large specialty order that
was placed with the Company in the third quarter of 1999 but not repeated
in 2000 and a reduction in the Company's international business due to
the lack of demand for licensed products in the European market.
Furthermore, the Company had limited production capabilities during much
of the period due to a labor shortage thus resulting in the Company not
being able to meet customer demand. The Company believes that the
production agreement entered into with Commerce Investment Group, LLC
will allow the Company to meet customer demand going forward. During the
period, the Company incurred the expenses associated with the
discontinuation of its international division and also experienced
significant costs associated with the completion of the transactions with
the Commerce Group.
_______________________________________________________________________
<PAGE>
Name of Registrant as Specified in Charter - Innovo Group Inc.
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date : October 17, 2000 By: /s/Jay Furrow
-------------
Jay Furrow
Chief Operating Officer
INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath
the signature. If the statement is signed on behalf of the registrant by
an authorized representative (other than an executive officer), evidence
of the representative's authority to sign on behalf of the registrant
shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).
General Instructions
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the
General Rules and regulations under the Securities Exchange Act of
1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities
and Exchange Commission, Washington, D.C. 20549, in accordance with
Rule 0-3 of the General Rules and Regulations under the Act. The
information contained in or filed with the form will be made a
matter of public record in the Commissions files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which any class of
securities of the registration is registered.
4. Amendments to the notifications must also be filed on Form 12b-25
but need not restate information that has been correctly furnished.
The form shall be clearly identified as an amended notification.
