U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                             SEC File No.: 000-27337

                                   Form 12b-25
                           Notification of Late Filing
                                  (Check One):
                   [ ] Form 10-KSB [ ] Form 11-K [ ] Form 20-F
                        [ X ] Form 10-QSB [ ] Form N-SAR

                      For Period Ended: September 30, 2001

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Nothing  in this  Form  shall be  construed  to imply  that the  Commission  has
verified any information contained herein.
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If the notification  relates to a portion of the filing checked above,  identify
the Item(s) to which the notification relates: N/A


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Part I-Registration Information
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Full Name of Registrant: Max Development, Inc.
Former Name if Applicable: N/A

6025 South Quebec Street, Suite 150
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Address of Principal Executive Office (Street and Number)

Englewood, Colorado 80111
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City, State and Zip Code


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Part II-Rules 12b-25 (b) and (c)
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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)

    [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 or semi-annual report/portion
                  thereof will be filed on or before the fifteenth  calendar
                  day  following the  prescribed  due date:  or the subject
                  quarterly  report/portion thereof will be filed on or before
                  the fifth calendar day following the prescribed due date and;
    [X]       (c) The  accountant's  statement or other  exhibit  required by
                  Rule 12-b-25 (c) has been attached if applicable.



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Part III - Narrative
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State below in reasonable  detail the reasons why the form 10-KSB,  11-K,  20-K,
10-QSB or N-SAR or portion thereof could not be filed within the prescribed time
period.

The  accountants  have only  recently  completed  the accruals  and  adjustments
necessary for the financial statements. Because of the delay in completing these
adjustments,  the  Registrant  does  not  have  sufficient  time to meet  filing
requirements   for  Form  10-QSB  and  to  complete   the   financial/accounting
requirements by the due date.

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Part IV-Other Information
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(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification.

     Sam Cordovano                  (303)                   329-0220
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         (Name)                   (Area Code)            Telephone Number

(2)  Have all other periodic reports required under section 30 of the Securities
     Exchange Act of 1934 or section 30 of Investment Company Act of 1940 during
     the proceeding 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.

MAX DEVELOPMENT,  INC., has caused this  notification to be signed on its behalf
by the undersigned thereunto duly authorized.

Date:  November 15, 2001                        By:   /s/ David C. Olson
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                                                      David C. Olson
                                                      President