UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
SEC FILE NUMBER
000-11225
NOTIFICATION OF LATE FILING
CUSIP NUMBER
268741303
(Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 2000
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
PART I - REGISTRATION INFORMATION
ENG Enterprises, Inc.
Former Name: Energetics, Inc.
50 North Third Street
Fairfield, IA 52556
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, 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 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(c) has been attached if
applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 20-F,
11-K, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
As stated in the Form 8-K/A, filed with the Securities and Exchange
Commission on August 10, 2000, the Registrant changed auditors on
August 7, 2000. the new auditors, Pender Newkirk & Company, have
identified certain adjustments it may wish to make to entries related
to net operating loss and the "development stage" of the company as
stated in the Registrant's previous Form 10-QSB filed on May 11, 2000.
The new auditors have determined that it may wish to relect these
adjustments in the Registrant's Form 10-QSB for the period April 1 to
June 30, 2000 due to be filed no later than August 14, 2000. In order
to make these adjustments accurately, the new auditors are awaiting
certain documents and explanations to be provided to it by the Registrant's
former auditors and/or directors, which it expects within the next five
days. Therefore the subject report Form 10-QSB could not be filed
without unreasonable effort or expense and the Registrant seeks relief
pursuant to Rule 12b-25(b).
Because these adjustments relate to the re-classification of net
operating losses from the company's oil and gas exploration business
which ceased operations in 1995, and the elimination of the "development
stage" designation of the company, the Registrant believes that these
adjustments will not adversely affect operations in 2000.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Lee Fergusson (515) 472-1550
(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?
[ ] 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.
ENG Enterprises, Inc. has caused this notification to be
signed on its behalf by the undersigned hereunto duly authorized.
Date: August 14, 2000 By: /s/ Lee Ferguson
President and Chief Operating Officer
Exhibit 1: Accountant's Statement
Pender Newkirk & Company
100 South Ashley Drive
Suite 1650
Tampa, FL 33603
August 14, 2000
Securities and Exchange Commission
450 Fifth Street Northwest
Washington, D.C. 20549
Gentlemen:
We were retained by ENG Enterprises, Inc. as independent certified public
accountants to reveiw their financial statements at June 30, 2000 and
for the six-month period ended June 30, 2000. We have endeavored, with
the full cooperation of the Registrant, to obtain the necessary information
to meet the filing requirements of Form 10-QSB, both in form and timeliness.
We are waiting on several material items necessary to adjust the Registrant's
financial statements to be in conformity with generally accepted
accounting principles. This information is not expected to arrive with
sufficient time for us to complete our review by August 14, 2000, which is
the required filing date for the Registrant's Form 10-QSB.
Yours very truly,
/s/
Certified Public Accountants
Tampa, Florida