U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number: 000-32691 CUSIP Number: 640690 40 0
(Check One)[X]Form 10-K [ ]Form 20-F[ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR [ ] Form N-CSR For Period Ended June 30, 2008
[ ] 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: not applicable
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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
Item(s) to which the notification relates: Not Applicable
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PART I -- REGISTRANT INFORMATION
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Neptune Industries, Inc.
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Full name of Registrant
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Former Name if Applicable
21218 St. Andrews Drive, Suite 645
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Address of Principal Executive Office (Street and Number):
Boca Raton, FL 33433
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City, State and Zip Code:
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, 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, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, 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; and
(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 Forms 10-K, 20-F, 11-K, 10-
Q, N-SAR, N-CSR, or the transition report or portion thereof could not be
filed within the prescribed period.
Certain information needed to complete the financial statements could not be
obtained in a timely fashion to provide to the independent auditors, who
have been unable to complete the audit of the financial statements for the
fiscal year ended June 30, 2008, necessitating the delay in filing. The
audit is underway and is expected to be completed during the week of October
6, 2008, and the Form 10-KSB will be filed prior to the expiration of the
additional 15 day period.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Robert Hipple 321 433-1136
(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 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 naratively and
quantitatively, and if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
Neptune Industries, Inc.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: September 26, 2008 By: /s/ Ernest Papadoyianis
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Ernest Papadoyianis
Chief Executive Officer
INSTRUCTION: The form may be signed by an executive officer 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.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal violations (see 18 U.S.C. 1001).