Form 12b-25
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
NOTIFICATION OF LATE FILING
/X/ Form 10-KSB for the period ended December 31, 1998
Part I
WESTERN COUNTRY CLUBS, INC.
(Full name of registrant)
1601 N.W. Express Way, Suite 1610
Oklahoma City, Oklahoma 73118
(Address of principal executive office) (Zip code)
000-24058 84-1131343
(Commission File Number) (I.R.S. Employer Identification No.)
Part II
The subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b). /X/ Yes
(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 will be filed on or before the fifteenth calendar
day following the prescribed due date.
(c) The accountant's statement or other exhibit required by Rule 12b-25 has been
attached.
PART III
The Company is currently negotiation the collection of a $600,000 note
receivable. The outcome of these negotiations will materially affect the
recording of this note receivable on the December 31, 1998 financial statements.
Management expects a definitive agreement to be reached by April 2, 1999. Due to
this material uncertainty, the audit could not be completed by March 31, 1999,
in a manner which would be meaningful to investors.
The Company expects that the audit will be completed in a timeframe which
will allow the Company's annual report to be filed within the fifteen day
extension period.
PART IV
1. Name and Telephone number of person to contact in regard to this
notification:
James E. Blacketer (405) 848-0996
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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?
[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
SIGNATURE
Registrant has caused this notification to be signed on its behalf by
the undersigned thereunto duly authorized.
Western Country Clubs, Inc.
/s/ James E. Blacketer
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James E. Blacketer
Chief Executive Officer and
Chief Financial Officer
Date: March 30, 1999
Form 12b-25
Western Country Clubs, Inc.
March 30, 1999
ATTACHMENT #1
Accountants Statement
We were engaged by Western Country Clubs, Inc. to be the Company's
independent auditors on January 20, 1999. Due to the timing of the engagement
after December 31, 1998, we are unable to complete the Company's audit and issue
our report on the Company's financial statements by the annual report's filing
due date without unreasonable effort or expense. We anticipate completing our
audit and issuing our report in time to allow the filing of the annual report on
or before the fifteenth calendar day following the prescribed due date.
/s/ GRAY & NORTHCUTT, INC.
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GRAY & NORTHCUTT, INC.
OKLAHOMA CITY, OK
March 30, 1999