U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ X ] Form 10-Q [ ] Form N-SAR [ ] Form 10-KSB
[ ] Form 10-QSB
For Period Ended: June 30, 2001 SEC File Number: 0-20995
[ ] Transition Report on Form 10-K CUSIP Number: 928430 10 7
[ ] 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:
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PART I - REGISTRANT INFORMATION
EDGE TECHNOLOGY GROUP, INC.
(Full Name of Registrant)
901 Yamato Road, Suite 175
(Address of Principal Executive Office)
Boca Raton, Florida 33431
(City and State) (Zip Code)
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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 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 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 the Form 10-Q
could not be filed within the prescribed time period.
The Registrant is in the final stages of formulating a business
plan which will affect the known operating trends disclosed
in the Registrant's Quarterly Report on Form 10-Q for the quarter
ended June 30, 2001, and requires additional time to complete
the business plan and accounting issues related thereto.
Registrant therefore requires additional time to make
appropriate disclosures in accordance with Item 303
of Regulation S-K.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
Graham C. Beachum II 214 999.2245
(Name) (Area Code) (Telephone Number)
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(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 been filed? [ X ] Yes [ ] No
If answer is no, identify reports.
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(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.
EDGE TECHNOLOGY GROUP, 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: August 15, 2001
By: /s/ GRAHAM C. BEACHUM II
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Name: Graham C. Beachum II
Title: President and Chief Executive Officer
and Principal Accounting Officer
ATTENTION
Intentional misstatements or omissions constitute Federal
Criminal Violations (see 18 U.S.C. 1001).
ATTACHMENT
TO
NOTIFICATION OF LATE FILING
OF FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2001
ITEM NO. PART IV(3)
In July 2001, the Registrant obtained information regarding
a valuation of its investment in PurchasePooling Solutions, Inc.
and, based upon that information, determined that the investment
ws impaired. Accordingly, the Registrant intends to record an
impairment charge of approximately $2,307,262 which is anticipated
to be included in "impairment of assets" in the Registrant's
Statement of Operations.