U.S. SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 2007
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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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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.
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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
Mortgage Assistance Center Corporation
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Full Name of Registrant
..
Former Name if Applicable
1341 W. Mockingbird Lane
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Address of Principal Executive Office (Street and Number)
Dallas, TX 75356-0724
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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;
[x] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K or 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 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; 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-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period.
Additional time is needed by the Registrant to prepare and finalize the
Quarterly Report on Form 10-QSB for the quarter ended June 30, 2007, to allow
Registrant's new management to complete its analysis of the financial aspects of
the ongoing internal investigation of its various joint ventures and limited
liability companies so as to determine the effects, if any, of certain
contractual obligations and other transactions undertaken or precipitated by the
former executive management personnel of the Registrant prior to the time the
Registrant's current new executive management personnel joined the Company.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Ron Johnson (214) 670-0005
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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 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 statement to be included in the subject report or portion thereof?
[ ] Yes [X] No
MORTGAGE ASSISTANCE CENTER CORPORATION
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: August 14, 2007 By: /s/ Ron Johnson
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Ron Johnson, President and CEO