UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-22813
FORM 10-QSB CUSIP NUMBER
649819 10 5
For Period Ended: June 30, 2002
[Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.]
PART I - REGISTRANT INFORMATION
Centerpoint Corporation
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Full Name of Registrant
18 East 50th Street, 10th Floor
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Address of Principal Executive Office (Street and Number)
New York, New York 10002
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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)
[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, 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 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.
During the past six months the Company has been working to bring its
filings under the 1934 Act current. On July 26, 2002, the Company filed
its Report on Form 10-QSB for the quarter ended March 31, 2002. Since
that time, the Company has been working diligently to complete the Form
10-QSB for the quarter ended June 30, 2002. However, the Company has
not been able to complete the preparation of the report in sufficient
time to allow the Company's new auditors to complete their review prior
to the current filing deadline.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
David Fuller (212) 758-6622
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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
During the six months ended June 30,2002, the Company had
net income of approximately $1,711,000 as compared to
net income of $130,000 during the same period in 2001.
The increased net income is due to income of $3,826,000
recorded for the assignment of a claim in connection with
the acquisition of shares of common stock of Bion
Environmental Technologies, Inc. in January 2002.
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Centerpoint Corporation
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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.
Centerpoint Corporation
By: /s/ David Fuller
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David Fuller, Principal Accounting Officer
Date: August 14, 2002
[ATTENTION: Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).]