Unassociated Document
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
12b-25
Commission
File Number 333-33134
NOTIFICATION
OF LATE FILING
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Form 10-K |
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Form 11-K |
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Form 20-F |
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Form 10-Q |
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Form N-SAR |
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For
Period
Ended: March 31, 2007
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Transition Report on Form 10-K |
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Transition Report on Form 10-Q |
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Transition Report on Form 20-F |
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Transition Report on Form N-SAR |
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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
item(s) to which the notification relates:
_______________________________________
_______________________________________________________________________________________________________________________________________
PART
I
REGISTRANT
INFORMATION
Full name of
registrant |
U.S.
Energy Initiatives Corporation |
Former name if
applicable |
Hybrid
Fuel Systems, Inc. |
Address of principal executive
office |
12812
Dupont Circle |
City, state and zip
code |
Tampa,
Florida 33626 |
PART
II
RULE
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.)
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(a) The
reasons described in reasonable detail in Part III of this form could
not
be eliminated without unreasonable effort or expense;
(b) The
subject annual report, semi-annual report, transition report on Form
10-K,
20-F, 11-K or Form 10-Q, 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, 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
State
below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q, N-SAR
or
the transition report portion thereof could not be filed within the prescribed
time period.
The
registrant is in the process of preparing and reviewing the financial
information of the Company. The process of compiling and disseminating the
information required to be included in the Form 10-QSB for the relevant fiscal
quarter, as well as the completion of the required review of the Company’s
financial information, could not be completed without incurring undue hardship
and expense. The registrant undertakes the responsibility to file such quarterly
report no later than five days after its original date.
PART
IV
OTHER
INFORMATION
(1)
Name
and telephone number of person to contact in regard to this
notification
Philip
M. Rappa
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(813)
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287
- 5787
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(Name)
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(Area
Code)
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(Telephone
Number)
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(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).
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Yes
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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?
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Yes
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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.
For
the
three months ended March
31,
2006,
the registrant had revenues of approximately $168,100 and a net loss of
approximately $(2,031,118). For the three months ended March
31,
2007,
the registrant currently estimates that it had revenues of approximately
$385,874 and a net loss of approximately $(2,248,269). Results for the three
months ended March
31,
2007
remain subject to further adjustment and actual results may differ significantly
from the foregoing estimates.
U.S.
Energy Initiatives Corporation
Name
of
Registrant as Specified in Charter.
Has
caused this notification to be signed on its behalf by the undersigned thereunto
duly authorized.
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Date: May
15,
2007 |
By: |
/s/ Philip
M.
Rappa |
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Philip
M. Rappa |
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Chief
Executive Officer
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