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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
COMMISSION FILE NUMBER 0-22910
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [X] Form N-SAR
For period Ended: June 30, 2000
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form N- SAR
For the Transition Period Ended: N/A
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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 Items(s) to which the notification relates: N/A
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Part I - Registrant Information
Full Name of Registrant Waterside Capital Corporation
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Former Name if Applicable N/A
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Address of Principal Executive Office
(Street and Number) 300 East Main Street, Suite 1380
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(City, State and Zip Code) Norfolk, Virginia 23510
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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 box if applicable) [X]
(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, Form 20-F, 11-K or Form N-SAR, or portion thereof
will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly 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.
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Part III--Narrative
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K,
10-Q, N-SAR or the transition report or portion thereof could not be
filed within the prescribed time period.
The Company's management team is currently involved in the
completion of the preparation of its Form N-30D and N-SAR. Because the
Company believes its need to complete these filings accurately is of
utmost importance to its shareholders, the Company is unable to file
its N-SAR for the fiscal year ended June 30, 2000 within the prescribed
time period without unreasonable effort or expense. Pursuant to Rule
30d-1(e), the Company respectfully requests that the period of time by
which the Company is obligated to transmit its Form 30-D be extended as
well for a similar period of time.
Part IV--Other Information
(1) Name and telephone number of person to contact in regard to this
notification
John M. Paris, Jr., Esq. (757) 473-5308
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Name (Area Code) (Telephone Number)
(2) Have all other periodic reports 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 is duly authorized.
Waterside Capital 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 August 29, 2000 By /s/ J. Alan Lindauer
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Name J. Alan Lindauer
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Title President and Chief Executive Officer
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