UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-16423
FORM 10-QSB CUSIP NUMBER
79781B
For Period Ended: September 30, 2000
[Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.]
PART I - REGISTRANT INFORMATION
SAN HOLDINGS, INC.
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Full Name of Registrant
900 West Castleton Road, Suite 100
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Address of Principal Executive Office (Street and Number)
Castle Rock, CO 80104
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City, State and Zip Code
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)
(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, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the
[X] 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 has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Company has just recently named a new President who has wanted an
opportunity to review the financial statements and various underlying
transactions before the Form 10-QSB is filed. As a result the Company has
been unable to complete the Form 10-QSB by the due date without unreasonable
effort or expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Jon D. Sawyer 303/893-2300
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(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 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? [X]Yes [ ]No
NARRATIVE AND QUALITATIVE EXPLANATION OF THE ANTICIPATED CHANGE:
The revenues for the nine months ended September 30, 2000 are expected to be
approximately $12,353,805 as compared to $14,777,312 for the nine months ended
September 30, 1999. The Company expects to report a loss for the nine months
ended September 30, 2000, but the amount of the loss has not been finalized.
The revenues for the three months ended September 30, 2000 are expected to be
approximately $5,073,763 as compared to $8,430,254 for the three months ended
September 30, 2000. The Company expects to report a loss for the three months
ended September 30, 2000, but the amount of the loss has not been finalized.
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SAN HOLDINGS, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
SAN HOLDINGS, INC.
By:/s/ Catherine Shrode
Catherine Shrode, CFO
Date: November 14, 2000
[ATTENTION: Intentional misstatements of omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).]