SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[] Form 10-K [] Form 20-F [] Form11-K [X] Form 10-Q
[] Form N-SAR
For Period Ended: March 31, 1998
[] 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 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: Snake Eyes Golf Clubs, Inc.
Former Name if Applicable: Golf Technology Holding Inc.
Address of Principal Executive 13000 Sawgrass Village
Office (Street and Number): Circle, Suite 30
City, State and Zip Code: Ponte Vedra Beach, FL 32082
___________________________________________________________________________
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.
[] (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 report or 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-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report or portion thereof could not be
filed within the prescribed period.
Snake Eyes Golf Clubs, Inc. was not in a position to file its
Form 10-QSB for the quarter ended March 31, 1998 by May 15, 1998
due to a material subsequent event relating to the Company's
ability to continue operating as a going concern. The Company
has executed an agreement with investment bankers to raise
equity capital. However, additional time is required to close
on this financing, which is subject, among other things, to due
diligence and documentation. Without additional equity, the
Company is unlikely to be able to continue operating as a going
concern.
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Part IV -- Other Information
___________________________________________________________________________
(1) Name and telephone number of person to contact in regard to this
notification:
Ernest R. Vadersen (904) 273-8772
(Name) (Area Code)(Telephone Number)
(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). [] Yes [X] No
Form 10-K for the year ended December 31, 1997
(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.
SNAKE EYES GOLF CLUBS, INC.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 18, 1998 By: /s/ Ernest R. Vadersen
Ernest R. Vadersen
Chairman and Treasurer
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 C.F.R. 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 the public
record in the Commission 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 registrant is registered.
4. Amendments to the notification 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.
