UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 0-26695
CUSIP NUMBER 431251 10 7
(Check One) [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR [ ] Form N-CSR
For the Period Ended December 31, 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: HIGHWAY ONE-OWEB, INC.
Former Name if Applicable: N/A
Address of Principal 2001 Potomac
Executive Office: Houston, Texas 77057
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;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, 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.
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
The Company has changed its business direction following a change in
control on February 7, 2003, and is currently preparing its Annual Report on
Form 10-KSB to discuss its new business direction. Management believes that
the subject Annual Report will be available for filing on or before April 15,
2003.
PART IV - OTHER INFORMATION
(1) Name and address of person to contact in regard to
this notification:
Branden T. Burningham, Esq.
455 East 500 South, Suite 205
Salt Lake City, Utah 84111
Telephone: (801) 363-7411
(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
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
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.
HIGHWAY ONE-OWEB, INC. has caused this notification to
be signed on its behalf by the undersigned hereunto duly authorized.
Date: 3/28/03 By /s/ Benjamin Hansel
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Benjamin Hansel
Chief Executive Officer