U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SEC File No.: 0-27145
Form 12b-25
Notification of Late Filing
(Check One):
[X ] Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[ ] Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 2002
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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: 1st Net Technologies, Inc.
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Former Name if Applicable: N/A
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1869 W. Littleton Blvd.
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Address of Principal Executive Office (Street and Number)
Littleton, Colorado 80120
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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 registrant's accountants cannot complete the financial statements to be
included in the registrant's Annual Report on Form 10-KSB for the year ended
December 31, 2002. See the attached statement from the registrant's accountants.
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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.
Cole Honeck (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.
1st NET TECHNOLOGIES, INC. has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
Date: March 28, 2003 By: /s/ James H. Watson, Jr.
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James H. Watson, Jr.
Chief Executive Officer