UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING
             AMENDED TO CORRECT NAME OF REGISTRANT ON SIGNATURE PAGE

(Check One)[ ]Form 10-KSB [ ]Form 20-F[ ] Form 11-K[X]Form 10-QSB [ ] Form N-SAR
                                                     -----------
                        For Period Ended:  July 31, 2000

                        [  ]     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:

READ INSTRUCTION (ON BACK PAGE) BEFORE PREPARING FORM.  PLEASE PRINT OR TYPE.

     Nothing in the 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:

ITEM 7

PART I - REGISTRANT INFORMATION


Full Name of Registrant

                                  NEWGOLD, INC.
                                  -------------
Former Name if Applicable


Address of Principal Executive Office

           500 Nolen Drive, Suite 300, Southlake, TX 76092
           -----------------------------------------------


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, 11-K, 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 the Form 10-K,  11-K,  10-Q,
N-SAR, or the transition report or portion thereof,  could not be filed with the
prescribed time period. (Attach Extra Sheets if Needed)

Management requires additional time to complete Form 10-Q for the period ended
July 31, 2000.  The Company's business strategy is being refined and additional
time is required to complete required disclsosures.

PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this
    notification

         James Kluber                   817                    410-4444
         ---------------             -----------          ------------------
             (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 reports) 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:


                                  NEWGOLD, INC.

                  (Name of Registrant as Specified in Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.

Date      September 15, 2000                       By/s/  James Kluber
      --------------------------------             -----------------------------
                                                   James Kluber
                                                   Executive Vice President and
                                                   Chief Financial Officer



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.

                                    ATTENTION
   Intentional misstatements or omissions of fact constitute Federal Criminal
                        Violations (See 18 U.S.C. 1001).

                               GENERAL INSTRUCTION

1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
   and Regulations  under the Securities  Exchange Act of 1934.

2. One signed  original and four  conformed  copies of this form and  amendments
   thereto  must be  completed  and  filed  with  the  Securities  and  Exchange
   Commission,  Washington,  D.C.  20549,  in  accordance  with  Rule 0-3 of the
   General Rules and Regulations under the Act. The information  contained in or
   filed with the form will be made a matter of public record in the  Commission
   files.

3. A manually signed copy of the form and amendments thereto shall be filed with
   each  national  securities  exchange on which any class of  securities of the
   registrant is registered.

4. Amendments  to the  notifications  must also be filed on form 12b-25 but need
   not restate information that has been correctly furnished.  The form shall be
   clearly identified as an amendment notification.

5. ELECTRONIC FILERS. This form shall not be used by electronic filers unable to
   timely file a report solely due to electronic difficulties.  Filers unable to
   submit a report  within the time period  prescribed  due to  difficulties  in
   electronic  filing  should  comply  with  either  Rule  201  or  Rule  202 of
   Regulation S-T (Section  232.201 or Section 232.202 of this chapter) or apply
   for an adjustment  in filing date  pursuant to Rule 13(b) of  Regulation  S-T
   (Section 232.12(c) of this chapter).