SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 0-18410
NOTIFICATION OF LATE FILING
(Check One): [X]Form 10-KSB [ ]Form-11-K [ ]Form 20-F [ ]Form 10-Q
[ ]Form N-SAR
For Period Ended: June 30, 1998
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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
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 Item(s) to which the notification
relates:
PART I. REGISTRANT INFORMATION
Full name of registrant THE PRODUCERS ENTERTAINMENT GROUP LTD.
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Former name if applicable
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Address of principal executive office (Street and number)
5757 Wilshire Boulevard, Penthouse One
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City, State and Zip Code Los Angeles, California 90036
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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.)
[x] (a) The reasons described in reasonable detail in Part-III of this form
could not be eliminated without unreasonable effort or expense;
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[X] (b) The subject annual report, semi-annualreport, transition report on
Form 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, 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 Form 10 KSB, 11-K, 20-F,
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 Company has not
been able to compile the requisite financial data and other narrative
information necessary to enable it to have sufficient time to complete the
Company's Annual Report on Form 10-KSB by September 28, 1998, the required
filing date, without unreasonable effort and expense.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Irwin Meyer (323) 634-8634
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(Name) (Area Code) (Telephone number)
(2) Have all other periodic reports required under Sections 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? [ 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.
THE PRODUCERS ENTERTAINMENT GROUP LTD.
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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 September 28, 1998 By /s/ Irwin Meyer
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Name: Irwin Meyer
Title: Chief Executive Officer
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Part IV Question #3
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During the year ended June 30, 1998, the Company anticipates reporting (on
a pro forma basis) revenues of approximately $21,500,000 compared to revenues of
$5,500,000 for the same period last fiscal year. The net loss for year ended
June 30, 1998 are expected to be approximately $1,500,000 compared to a loss of
$4,500,000 for the same period last fiscal year. The Company attributes the
change in its operating results to numerous events including but not limited to,
the results of its acquisition of Grosso-Jacobson Entertainment in October 1997,
an increase in the Company's production of television movies and various joint
ventures, co-productions and distribution arrangements with independent third
parties.
