ENVIRONMENTAL PLASMA ARC TECHNOLOGY, INC. U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 12B-25 33-3385 -------------- NOTIFICATION OF LATE FILING SEC FILE NUMBER 293958 10 4 -------------- CUSIP NUMBER (Check One): [X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10- Q and Form 10-QSB [ ] Form N-SAR For Period Ended: December 31, 1996 [ ] 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: Noting 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 - Registration Information Environmental Plasma Arc Technology, Inc. - ----------------------------------------- Full Name of Registrant 215 South State Street, Suite 1100, Salt Lake City, Utah 84111 - --------------------------------------------------------------- Address of Principal Executive Office 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. [ ] (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 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. [X] 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 period. Please see Exhibit A attached hereto Part IV- Other Information (1) Name and telephone number of person to contact in regard to this notification David M. Rees (801) 323-2392 - --------------- ----------- ----------------- (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 other 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. Environmental Plasma Arc Technology, Inc. has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. March 28, 1997 By:/s/ Mitchell T. Godfrey ----------------------- Mitchell T. Godfrey Chairman of the Board and Chief Executive Officer [Letterhead JONES, JENSEN & COMPANY] Certified Public Accountants March 28, 1997 To Whom it May Concern: The completion of the audit of Environmental Plasma Arc Technology, Inc. has been delayed pending receipt of important documents supporting transactions of the Company. As of this date, we have received the majority of these documents and will proceed as expeditiously as possible with the audit. Sincerely, /s/ Jones, Jensen & Company Jones, Jensen & Company Certified Public Accountants 50 South Main Street, Suite 1450, Salt Lake City, Utah, 84144 * Telephone (801) 328-4408, Facsimile (801) 328-4461