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

                                  FORM 12b-25
                         NOTIFICATION OF LATE FILING

          [ ] Form 10-K  [ ] Form 20-F  [ ]  Form 11-K  [X] Form 10-Q

                                                    SEC FILE NUMBER: 2-97360-A
                                                       CUSIP NUMBER: 53222E209
For Period Ended: March 31, 2001

[     ] Transition Report on Form 10-KSB
[     ] Transition Report on Form 20-F
[     ] Transition Report on Form 11-K
[ X   ] Transition Report on Form 10-QSB
[     ] Transition Report on Form N-SAR


Nothing in this 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:

PART I - REGISTRANT INFORMATION

Full Name of Registrant                  Light Management Group, Inc.

Former Name if Applicable                N/A

Address of Principal Executive Office:   3060 Mainway Drive, Suite 301
                                         Burlington, Ontario, Canada L7M 1A3

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, semiannual report, transition report
         on Form 10-K, Form 2-F, 11-F, or 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 or transition
         report on Form 10-Q, or portion thereof will be filed on or before
         the fifth calendar day following the prescribed due date;

      (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 form 10-K, 11-K, 20-F, 10-Q or
N-SAR or portion thereof could not be filed within the prescribed time period.

      The Company's independent auditor has not yet completed the accounting
      documentation required for the Form 10-QSB.


PART IV - OTHER INFORMATION

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

         Donald Iwacha     President       (800) 465-9216
         ---------------------------------------------------
             (Name)         (Title)        (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 12 months or for such shorter period that the
      registrant was required to file such report(s) been filed? If the answer
      if 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?

                              ( X ) Yes  (  ) No

      If so, attach an explanation of the anticipated change, both narrative and
      quantitatively, and, if appropriate, state the reasons why a reasonable
      estimate of the results cannot be made.

         The Company's earnings statements for the quarter ended March 31, 2001,
         is estimated to reflect a net loss of $1,618,452, as compared to a net
         loss for the quarter ended March 31, 2000, of $520,044. The majority of
         the net loss for March 31, 2001, relates to the settlement of debt,
         which resulted in an interest expense of $1,055,363.







- ------------------------------------------------------------------------------


                         Light Management Group, Inc.
                         ----------------------------
                 (Name of Registrant as specified in Charter)

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


Date:  May 16, 2001        By:  /s/ Donald Iwacha
      -------------           -----------------------------------------------
                              Name: Dr. Donald Iwacha
                              Title:President