Commission File Number:1-13984
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): |_| Form 10-K and Form 10-KSB |_| Form 20-F |_| Form 11-K
|X| Form 10-Q and Form 10-QSB |_| Form N-SAR
For Period Ended: September 30, 2006
|_| 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: _______________________
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 items(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
BROOKLYN CHEESECAKE & DESSERTS COMPANY, INC.
Full Name of Registrant:
Creative Bakeries, Inc.
Former Name if Applicable
20 Passaic Avenue
Address of Principal Executive Office (Street and Number)
Fairfield, New Jersey 07004
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(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
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.
The Registrant is awaiting third party confirmations. The Registrant anticipates
the receipt of the confirmations and filing of its Form 10-QSB within five days
of the date hereof.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Anthony Merante 973 808-8248
(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 portion
thereof? |X| Yes |_| 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.
As a result of the exchange of assets pursuant to the terms of the Asset
Exchange Agreement entered into by the Company with its former Chairman
Ronald Schutte on March 28, 2006, the Company exchanged certain assets of
its wholly owned subsidiary JM Specialties Inc., and discontinued its
baking operations which had historically experienced losses. In turn, the
Company entered into a license agreement whereby it licensed certain
intellectual property for a period of up to ten years and receives a
royalty of one percent of net sales by the licensee. For the three month
period ended September 30, 2005 the Company had losses of $209,506. For
the three month period ended September 30, 2006, losses are anticipated
(subject to final numbers) to be approximately $20,000 due to revenues
derived from the license agreement and decreased expenses as a result of
the exchange of assets.
Brooklyn Cheesecake & Desserts Company, 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.
Date: November 14, 2006 By: /s/ Anthony Merante
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Anthony Merante, President,
Chief Executive Officer and
Chief Financial 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.
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).