UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE): [x] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 1999
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: N/A
PART I. REGISTRANT INFORMATION
HOST FUNDING, INC.
(Full Name of Registrant)
Former Name if Applicable: N/A
1640 School Street, Suite 100, Moraga, California 94556
(Address of Principal Executive Office, Street and Number) (Zip Code)
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) [ 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 prescribe 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 Forms 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 Registrant is requesting an extension for the filing of the Annual
Report on Form 10-K for the year ended December 31, 1999 based upon the fact
that the Company's auditor, PriceWaterhouseCoopers, LLP, did not receive all
necessary information from third parties to complete the audit of the Company's
financial statements by March 30, 2000, the due date of the Annual Report. The
Company will file the Annual Report on Form 10-K for the year ended December 31,
1999 prior to the extension due date of April 15, 2000.
PART IV. OTHER INFORMATION
(1) The name and telephone number of the person to contact in regard to
this notification is Mr. Glen Fuller at 925/631/7929.
(2) Have all other reports required under Section 13 or 15 (d) of the
Securities and 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 reports been
filed? If answer is no, identify reports.
/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
The Registrant anticipates a significant change in the results of
operations of the Registrant from the year ended December 31, 1998 to the year
ended December 31, 1999.
The Registrant estimates that net loss per share increased from
approximately $904,000 for the year ended December 31, 1998 to approximately
$1,972,000 for the year ended December 31, 1999, resulting in an increase in
basic and diluted net loss per share from $0.58 in 1998 to $1.22 in 1999.
The Registrant is unable to provide additional information on changes
in the results of operations due to insufficient detailed information from third
parties in order to make such determination.
The Registrant has caused this notification to be signed on its behalf
by the undersigned hereunto duly authorized.
By: /s/ Glen Fuller
Chief Operating Officer
Date: March 30, 2000
