U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING SEC FILE NUMBER 0-19013 CUSIP NUMBER 38223103 [] Form 10-K [] Form 20-F [] Form 11-K [X] Form 10-Q [] Form N-SAR For Period Ended: September 30, 1997 [ ] 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 Transaction Period Ended: 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 ADVANCED ENVIRONMENTAL SYSTEMS, INC. (Full Name of Registrant) 730 17th Street, Suite 712 (Address of principal executive offices) Denver, CO 80202 (City, State and Zip Code) PART II - RULE 12b-25 (b) and (c) If the subject 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; [X] (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 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. PART III- NARRATIVE State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q, N-SAR or the transaction report or portion thereof could not be filed within the prescribed time period. For the quarter ended September 30, 1997, Advanced Environmental Systems, Inc. contacted their external tax accountants for resolution of tax issues affecting the Company's tax provision and potential NOL carrybacks. The tax issues could not be resolved without unreasonable effort and expense by the prescribed filing date. PART IV - OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification: Gary Schmitt (303) 572-5000 (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 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 cannot be made. Currently, the floor of our building (a SMART Building) is under construction. We believe the construction may have caused our modem line to be turned off which made it impossible to file our 10-Q in a timely manner. We anticipate the filing of the 10-Q to follow this form 12B-25. ADVANCED ENVIRONMENTAL SYSTEMS, 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: November 14, 1997 By: /s/ Gary L. Schmitt Gary L. Schmitt, V. President and Director