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UNITED STATES SEC FILE NUMBER
SECURITIES AND EXCHANGE COMMISSION 0-28348
WASHINGTON, D.C. 20549 CUSIP NUMBER
FORM 12b -25 233041 30 0
NOTIFICATION OF LATE FILING
Check One:
|_| Form 10-KSB |_| Form 20-F |_| Form 11-K |X| Form 10-QSB |_| Form N-SAR
For Period Ended: March 31, 2002
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|_| 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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If the notification relates to a portion of the filing check above, identify the
Item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
DBS INDUSTRIES, INC.
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Full Name of Registrant
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Former Name if Applicable
100 Shoreline Highway, Suite 190A
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Address of Principal Executive Office (Street and Number)
Mill Valley, CA 94941
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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 expense;
|X| (b) The subject annual report, semi-annual report, transition report
on Form 10-KSB, Form 20-K, Form 11-K, Form N-SAR or a 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-QSB or a portion thereof
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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 Form 10-KSB, 11-K, 20-F,
10-QSB, N-SAR, transition report or a portion thereof could not be filed within
prescribed time period. (Attach extra sheets if needed.)
The Company requires additional time to complete the organization of its
Form 10-QSB for the period ended March 31, 2002.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Randy Stratt (415) 380-8055
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(Name) (Area Code and 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 the answer is
no, identify report(s).
|_| Yes |X| No
The registrant has not filed its Form 10-KSB for the fiscal year ended
December 31, 2001; however, a Form 12b-25 was filed for the Form 10-KSB on
April 1, 2002.
(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
DBS INDUSTRIES, INC.
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(Name of Registrant as specified in its charter)
has caused this notification to be signed on its behalf by the undersigned
duly authorized.
Date: 5-14-2002 By: /s/ Randy Stratt
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Randy Stratt,
Chief Operating Officer and
General Counsel