UNITED STATES -------------------------
SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 -------------------------
OMB Number: 3235-0058
FORM 12b-25 Expires: January 31, 2005
Estimated average burden
hours per response2.50
NOTIFICATION OF LATE FILING SEC FILE NUMBER: 0-21679
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 11-K
[ ] Form 20-F [X] Form 10-Q and 10-QSB [ ] Form N-SAR
For Period Ended: June 30, 2002
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[ ] Transition Report on Form 10-K and Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q and Form 10-QSB
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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READ INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR TYPE.
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Nothing in the form shall be construed to imply that the Commission 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
RETURN ASSURED INCORPORATED
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Full Name of Registrant
5962 La Place Court, Suite 230
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Address of Principal Executive Office (STREET AND NUMBER)
Carlsbad, CA 92008
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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(b), the following
should be completed. (Check appropriate box)
[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
Forms 10-K, 10-KSB, 20-F, 11-K, or Form N-SAR, or portion thereof will be filed
on or before the 15th calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, 10-QSB, 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 reason why Forms 10-K, 10-KSB, 11-K, 20-F,
10-Q, 10-QSB, N-SAR, or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
Due to unanticipated delays in completing its unaudited financial statements for
the quarterly period ended June 30, 2002, registrant has only recently provided
such financial statements and related data to its independent accountants for
review. Registrant expects its Form 10-QSB to be filed on or before August 19,
2002.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Adam S. Gottbetter 212 983-6900
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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 reports 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?
[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.
On April 26, 2002, the Registrant entered into an Acquisition Agreement
with EliteJet, Inc., a Nevada corporation ("EliteJet") and the shareholders of
EliteJet pursuant to which Registrant acquired EliteJet in a so called "reverse
acquisition." For accounting purposes however, EliteJet is deemed to be the
acquiror. Accordingly, the post reverse acquisition comparative historical
financial statements furnished for Registrant will be those of EliteJet. For the
six months ended June 30, 2002, EliteJet has approximately $1.3 million of net
revenue and a net loss of approximately $1.0 million.
RETURN ASSURED INCORPORATED
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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: August 15, 2002 By: /s/ Scott Walker
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Name: Scott Walker, President