FORM 12b-25
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
NOTIFICATION OF LATE FILING
(Check One)
X Form 10-K Form 11-K Form 20F Form 10-Q Form N-SAR
For Period Ended: Fiscal Year Ended February 1, 1997
- - -------------------------------------------------------------------------------
Read Instructions (on back page) 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 Sun City Industries, Inc.
Former Name if Applicable
- - ----------------------------------------------------------------------------
Address of Principal Executive
Office (Street and Number) 5545 N.W. 35th Avenue
- - ----------------------------------------------------------------------------
City, State and Zip Code Fort Lauderdale, FL 33309
- - ---------------------------------------------------------------------------
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;
X (b) The subject annual report or semi-annual report/portion thereof
will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report/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.
PAGE 2
- - ----------------------------------------------------------------------------
Part III - Narrative
- - ----------------------------------------------------------------------------
State below in reasonable detail the reasons why the Form 10-K, 11-K, 20-F,
10-Q, or N-SAR or the portion thereof, could not be filed within the
prescribed time period.
The Registrant has been unable to finalize the consolidated financial
statements to be included on Form 10-K without unreasonable effort or
expense due to the additional efforts required to finalize the
accounting required under FASB121, for the carrying values of Goodwill for
one of its entities.
- - ----------------------------------------------------------------------------
Part IV - Other Information
- - ----------------------------------------------------------------------------
(1) Name and telephone number of person to contact in regard to this
notification
Malvin Avchen, CEO 954 730-3333
(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 X Yes __ No
that the registrant was required to file such reports) been filed?
If answer is no, identify report(s).
- - -------------------------------------------------------------------------
(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 can not be made.
See Exhibit A attached hereto.
- - ----------------------------------------------------------------------------
SUN CITY INDUSTRIES, INC.
(Name or Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: April 30, 1997 By:
Malvin Avchen, CEO
Instruction: The Form may be signed by an executive officer of the
registrant of 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).
Page 3
General Instructions
1. This Form is required by Rule 12b-25 (17 CFR 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.
- - ---------------------------------------------------------------------------
General Instructions (Con't)
- - ---------------------------------------------------------------------------
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 notifications must also be filed on Form 12b-24 but
need not restate information that has been correctly furnished. The Form
shall be clearly identified as an amended notification.
- - ---------------------------------------------------------------------
Exhibit A
It is anticipated that the net loss incurred for the fiscal year and
fourth quarter ended February 1, 1997 will be significantly below the
losses reported for the corresponding periods a year ago.
