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: February 28, 2001
                                 ------------------
               [   ]  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:_________________________________

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  Read Instruction (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.
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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
   Trackpower, Inc.
Full Name of Registrant

Former Name if Applicable:


PART II -- RULES 12b-25(b) AND (c)

If the subject report could not be filed without reasonable 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, 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 of
              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 Forms 10-K, 11-K, 10-Q, N-SAR,
or the transition report or portion thereof, could not be filed within the
prescribed time period.

See Attachment I

                                                 (Attach Extra Sheets if Needed)
                                                                  SEC 1344 (6/93



PART IV -- OTHER INFORMATION

(1)     Name and telephone number of person to contact in regard to this
        notification

           Gary N. Hokkanen             (905)                     477-8378
               (Name)                 (Area Code)             (Telephone Number)

(2)     Have all other period 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 reports) been filed? If
        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?                                       |_| 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.


                                Trackpower, Inc.
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date    05/25/01                                By /s/ Gary Hokkanen

                                       Gary N. Hokkanen, Chief Financial Officer

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
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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Attachment I

               The Registrant is seeking an extension of the period in which to
file its Form 10-KSB for the year ended February 28, 2001 because of
difficulties in obtaining the relevant information. The Registrant is currently
in the process of completing its 10-KSB and anticipates that the Form will be
filed within the grace period provided for under Rule 12b-25.


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