UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
August 29, 2003
(Date of report)
BEVSYSTEMS INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in its Charter)
Florida 333-44315 84-1352529
(State of Incorporation) (Commission File Number) (IRS Employer ID)
1315 Cleveland Street
Clearwater, Florida 33755
(Address of principle executive offices)
(727) 446-2999
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
ITEM 5. Other Events.
On July 1, 2003, BEVsystems International, Inc. (the "Registrant") filed a
notification of its inability to timely file its annual report on Form 10-KSB
for the fiscal year ended March 31, 2003. In its filing, the Registrant stated
that "[t]he compilation, dissemination and review of the information required to
be presented in the Form 10-KSB for the relevant fiscal year has imposed time
constraints that have rendered timely filing of the Form 10-KSB impracticable
without undue hardship and expense to the Registrant." Because the Registrant
has experienced further hardship and time constraints, it was not able to file
the Form 10-KSB within fifteen days after its original June 29, 2003 filing
deadline.
The Registrant announced in a press release that an "E" was affixed to
its trading symbol by the Over-The-Counter Bulletin Board, indicating that it is
delinquent in filing its Form 10-KSB. The Registrant has been orally advised by
representatives of the NASD that it is required to file its Form 10-KSB by
September 8, 2003 or it will be delisted from the Over-The-Counter Bulletin
Board. While the Registrant expects to be able to file its Form 10-KSB prior to
September 8, 2003 in order to maintain its listing on the Over-The-Counter
Bulletin Board, no assurance can be given that it will do so. Should delisting
from the Over-The-Counter Bulletin Board occur, the Registrant's common stock
will be traded on the Pink Sheets which may reduce the liquidity and price of
the common stock.
In addition to the foregoing, the Registrant's quarterly report on
Form 10-QSB for the period ended June 30, 2003 was due August 15, 2003. The
Registrant did not file a Form 12b-25 Notification of Late Filing with respect
to this quarterly report because it did not anticipate being able to undertake
filing the report within five days after the original August 15, 2003 filing
deadline. The Registrant intends to file its Form 10-QSB for the quarter ended
June 30, 2003 soon after it files its Form 10-KSB. These two filings will
reflect changes in the Balance Sheet that are a result of the previously
announced re-structuring of the Registrant.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the Undersigned, thereunto duly authorized.
BEVsystems International, Inc.
(Registrant)
/S/ G. Robert Tatum
---------------------------
By: G. Robert Tatum
Chief Executive Officer