U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (Check One): [X] Form 10KSB [ ] Form 20F [ ] Form 11K [ ] Form 10QSB [ ] Form N-SAR For Period Ended: December 31, 2000 [ ] Transition Report on Form 10-KSB [ ] Transition Report on Form 20-F [ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-QSB [ ] Transition Report on Form N-SAR For the Transition Period Ended: 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: Not applicable. - ------------------------------------------------------------------------- PART I - REGISTRANT INFORMATION - ------------------------------------------------------------------------- Full Name of Registrant: Eduverse.Com Former Name if Applicable: Address of Principal Executive Office (Street and Number): 1135 Terminal Way, Suite 209 City, State and Zip Code: Reno, Nevada 89502-2168 - ------------------------------------------------------------------------- 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) [ ] (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-KSB, 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 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 reasons why the Form 10-KSB, 20-F, 11-K, 10-QSB or N-SAR or the transition report or portion thereof could not be filed within the prescribed period. Eduverse.Com, a Nevada corporation (the "Company"), has recently undergone an internal corporate restructuring, which has included resignation of directors and officers, appointment of new directors and officers, designation of new auditors, and a proposed sale of substantially all of the assets of the Company. This internal corporate restructuring has been reported pursuant to filings made on Forms 8-K dated March 21, 2001, March 14, 2001 and November 27, 2000, and on three Forms 13D dated March 21, 2001. Therefore, current management of the Company has not been in a position to timely receive certain information, which is necessary in order for the Company to properly prepare its financial statements and footnotes for fiscal year ended December 31, 2000. The Company's independent public accountants are currently engaged in the preparation of audited financials statements for the Company. Management of the Company anticipates the completion of the audited financial statements and the filing of its Annual Report on Form 10-KBS by April 15, 2001. - ------------------------------------------------------------------------- PART IV - OTHER INFORMATION - ------------------------------------------------------------------------- (1) Name and telephone number of person to contact in regard to this notification: Diane D. Dalmy 303.985.9324 (2) Have all other period 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(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. - ------------------------------------------------------------------------- EDUVERSE.COM -------------------------------- (Name of Registrant as Specified in Charter) has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: March 27, 2001 By: /s/ GRANT ATKINS -------------- ------------------------------ Grant Atkins, President 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)