SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 1-12668
NOTIFICATION OF LATE FILING
Check One:
[X] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: June 30, 1997
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended: ____________________________________________
Read attached instruction sheet 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.
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
Full name of registrant Country World Casinos, Inc.
Former name if applicable __________________________________________________
Address of principal executive office (Street and number)
200 Monument Road
Suite 10
Bala Cynwyd, PA 19004
PART II. Rule 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 appropriate box.)
[X] (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, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the 15th 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
has been attached if applicable.
PART III. NARRATIVE
State below in reasonable detail the reasons why Form 10-K and Form
10-KSB, 11-K, 20-F, 10-Q and Form 10-QSB, N-SAR or the transition report
portion thereof could not be filed within the prescribed time period. (Attach
extra sheets if needed.)
Although the Company has filed the narrative portion of its 10-KSB, the
Company was not able to complete its financial statements in time to file this
Form 10-KSB report. The Company was indebted to its independent auditors and
its independent auditors advised the Company that until such indebtedness was
paid, it would not be able to furnish the Company an independent report. The
independent auditors have now been paid and the Company expects to file an
amended 10-KSB within the next 15 days.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
William H. Patrowicz 610 617-0400
(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 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.
N/A
Country World Casinos, Inc.
(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: September 30, 1997 By: /s/ William H. Patrowicz
Instruction. The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and title
of the person signing the form shall be typed or printed beneath the
signature. If the statement is signed on behalf of the registrant by an
authorized representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.