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

                                                     SEC File Number: 0-29671
                                                     CUSIP Number:  784179 10 3

                                   Form 12b-25

                           NOTIFICATION OF LATE FILING

                                   (Check One)

[  ] Form 10-KSB     [ ] Form 11-K        [ X ] Form 10-Q       [ ] Form N-SAR

                         For Period Ended: January 31,2002
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   Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.

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:
                  N/A
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Part I - Registrant Information
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         Full Name of Registrant: SGD Holdings, Ltd.

         Former name if applicable:
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         Address of Principal Executive Office (Street and Number):

         111 Rhodes
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         City, State and Zip Code:

         Conroe, TX  77301
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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,
                           transition report on Form 10-K, Form 20-F, 11-K, 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 10Q, 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.




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Part III - Narrative
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         State below in reasonable detail the reasons why the Form 10-K, 11-K,
20-F, 10-Q, or N-SAR or the transition report or portion thereof could not be
filed within the prescribed time period. (Attach Extra Sheets if Needed.)

The Company is awaiting information from outside parties and is unable to
finish preparation of a complete Form 10-KSB without additional time.

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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:

     James G. Gordon                             (936)             756-6888
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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  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).  [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.

                  SGD Holdings, Ltd.
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                  (Name of Registrant as specified in charter)

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

                                                     SGD HOLDINGS, LTD.



Date: March 18,2002                       BY: /s/   James G. Gordon
                                                    --------------------------
                                                    James G. Gordon, President





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