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

                                   FORM 12b-25
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                           NOTIFICATION OF LATE FILING


(Check One):   Form 10-K   Form 20-F   Form 11-K   [X] Form 10-QSB   Form N-SAR

For Period Ended: September 30, 2004
[ ]  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:
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  Read Instruction (on back page) Before Preparing Form. Please Print or Type.

    Nothing in this form shall be construed to imply that the Commissions 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:


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PART I - REGISTRANT INFORMATION
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Full Name of Registrant:

Monaco Group Inc.
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Former Name if Applicable:


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Address of Principal Executive Office (Street and Number)

20A Voyager Court South
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City, State and Zip Code

Etobicoke, Ontario, Canada M9W 5M7
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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,  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
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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 within
the prescribed time period. (Attach Extra Sheets if Needed).

The Registrant  hereby represents that it is unable to file its Quarterly Report
on Form 10-QSB for the period  ended  September  30, 2004  without  unreasonable
effort or expense because management has been required to spend significant time
to oversee the Registrant's current operation,  and therefore has been unable to
timely compile the information  necessary to complete the Quarterly Report.  The
Registrant  further  represents  that the Form  10-QSB will be filed by no later
than the 5th day following the date on which the Form 10-QSB was due.


PART IV - OTHER INFORMATION
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(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification.

     Thomas E. Stepp, Jr.              (949)               660-9700
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     (Name)                            (Area Code)         (Telephone Number)

(2)  Have all other periodic  reports  required under Section 13 or 15(d) of the
     Securities and 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).
      Yes
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(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?   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.

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                                Monaco Group Inc.
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                  (Name of Registrant as Specified in Charter)

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


     By:  /s/ Peter Nelipa                           November 12, 2004
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          Peter Nelipa, President



INSTRUCTION:  The form may be signed by an executive office 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.


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