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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 20-F / / Form 11-K
/ / Form 10-Q and Form 10-QSB
For Period Ended: July 31, 1998
/ / Transition Report on Form 10-K
/ / Transition Report on Form 10-K
/ / Transition Report on Form 10-K
/ / Transition Report on Form 10-K
/ / Transition Report on Form 10-K
For the Transition Period Ended:
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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Part I -- Registrant Information
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Full Name of Registrant: American Technologies Group, Inc.
Former Name if Applicable: One Stop Printing, Inc.; General Cybernetics Corp.
Address of Principal Executive Office: 1017 South Mountain Avenue, Monrovia CA
91016
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Part II -- Rules 12b-25(b) and (c)
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(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 quarterly report on Form 10-QSB will be filed on or before the
fifth calendar day following the prescribed due date; / /
(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
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Assembly of certain information, in particular valuation of certain mining
properties, requires additional time to complete.
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PART IV -- Other Information
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(1) Name and telephone number of person to contact in regard to this
notification.
John M. Dab (626) 357-5000
(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
earning 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.
Revenue during the fiscal year ended July 31, 1998 is estimated to be
substantially less than for the fiscal year ended July 31, 1997 due to the
discontinuance of the sale of laundry products to TradeNet Marketing, Inc.
and the resulting delays in sales of products while developing new marketing
relationships and the products to support them. The following table contains
certain estimated results of operations which may not be indicative of actual
results and does not include additional charges anticipated in connection
with valuation of stock options granted during the fiscal year to
non-employees and the pending sale of certain mining properties for total
consideration of less than book value.
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Year ended July 31,
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1998 1997
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<S> <C> <C>
Total Revenue $ 900,000 $ 3,100,000
Total Operating Expenses 5,000,000 10,300,000
Interest Expense 1,600,000 2,100,000
Loss per Share (0.29) (0.52)
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American Technologies Group, Inc. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
Date: October 29, 1998 By: /s/ Harold Rapp
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Harold Rapp
Chief Operating Officer
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