U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-5474
CUSIP NUMBER
656863-10-7
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [x] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
For Period Ended: June 30, 2002
[ ] 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:
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: North American Gaming and Entertainment Corporation
Former Name if Applicable:
Address of Principal Executive Office: 13150 Coit Road, Suite 125, Dallas,
Texas 75240
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. XX(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;
(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 is
attached.
1
Part III - Narrative
Registrant has been unable to complete its financial statements for the second
quarter in time for review by independent public accountants prior to the filing
deadline.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Susan Vasquez (972) 671-1133
- -----------------------------
(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 result 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.
Registrant has caused this notification to be signed on its behalf
thereunto duly authorized.
Date: August 12, 2002
North American Gaming and Entertainment Corporation.
By: /s/ E. H. Hawes, II
--------------------------
E. H. Hawes, II, President
EXHIBIT A
North American Gaming and Entertainment Corporation
13150 Coit Road, Suite 125
Dallas, Texas 75240
Ladies and Gentlemen:
Pursuant to Rule 12b-25 of the General Rules and Regulations under the
Securities Exchange Act of 1934, we inform you that we have been furnished a
copy of Form 12b-25 to be filed by North American Gaming and Entertainment
Corporation on or about August 9, 2002, which contains notification of the
registrant's inability to file its Form 10-QSB by August 14,2002. We have read
the Company's statements contained in Part III therein and we agree with the
stated reasons as to why we have been unable to complete our report on the
financial statements for the quarter ended June 30, 2002, to be included in Form
10QSB.
Very truly yours,
/s/ Sartain Fischbein & Company
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Sartain Fischbein & Company