SEC 1344
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NOTIFICATION OF LATE FILING SEC FILE NUMBER
CUSIP NUMBER
(Check One): / /Form 10-K / /Form 20-F / /Form 11-K /X/Form 10-Q
/ /Form N-SAR
For Period Ended: September 30, 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.
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
MAGNUM SPORTS & ENTERTAINMENT, INC.
FULL NAME OF REGISTRANT
FORMER NAME IF APPLICABLE
1330 Avenue of the Americas, 39th Floor
ADDRESS OF PRINCIPAL EXECUTIVE OFFICE (STREET AND NUMBER)
New York, New York 10019
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 or Form N-SAR, or portion thereof, will be filed on or
before the fifteenth calendar day /x/ 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; or
(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, 20-F, 11-K, 10-Q,
N-SAR, or the transition report portion thereof, could not be filed within the
prescribed time period.
The financial information necessary to complete the quarterly report could not
be obtained on a timely basis from the Company's accountant.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
RAYMOND SCHAETZLE (212) 246-7380, EXT. 103
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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 report(s) 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
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.
The Corporation anticipates a net operating loss for the third quarter of 2001
of approximately $2,278,449 as compared to a loss of $3,582,224 for the third
quarter of 2001.
MAGNUM SPORTS & ENTERTAINMENT, 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.
Date 11/15/01 By /s/ Raymond Schaetzle
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Raymond Schaetzle,
Chief Financial Officer
END OF FILING