Form NT 10-Q Home System Group

Notice under Rule 12b25 of inability to timely file all or part of a form 10-Q or 10-QSB

What is Form NT 10-Q?
  • Accession No.: 0001144204-06-047204 Act: 34 File No.: 000-49770 Film No.: 061213193
  • CIK: 0001172319
  • Submitted: 2006-11-14
  • Period of Report: 2006-09-30

NT 10-Q TXT

v057728_nt10q.txt

                                                           U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25
                           NOTIFICATION OF LATE FILING

                                                                 SEC FILE NUMBER
                                                                       000-49770

                                                                    CUSIP NUMBER
                                                                       43737T106

(Check One): |_| Form 10-K |_| Form 20-F |_| Form 11-K |X| Form 10-Q |_| Form D
             |_| Form N-SAR |_|  Form N-CSR

      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 Item(s) to which the notification relates:

         --------------------------------------------------------------
                         PART I - REGISTRANT INFORMATION

                                Home System Group
         --------------------------------------------------------------
                             Full Name of Registrant

         --------------------------------------------------------------
                            Former Name if Applicable

                 No. 5A, Zuanshi Ge, Fuqiang Yi Tian Ming Yuan,
         --------------------------------------------------------------
            Address of Principal Executive Office (Street and Number)

                      Fu Tian Qu, Shenzhen City, P.R. China
         --------------------------------------------------------------
                            City, State and Zip Code

<PAGE>

         --------------------------------------------------------------
                        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 reason 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 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 subject distribution report on Form D, 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, 10-D, N-SAR, N-CSR, or the transition report or portion thereof could not
be filed within the prescribed period.

      The Registrant is not able to file its Form 10-QSB for the quarter ended
September 30, 2006 on the date required. The Registrant is in the process of
preparing and reviewing the financial information and compiling and
disseminating the information required to be included in the Form 10-QSB for the
quarter ended September 30, 2006, as well as the completion of the required
review of the Company's financial information, none of which could be completed
by the date required without incurring undue hardship and expense. The
Registrant expects to file its Form 10-QSB within the five calendar days
provided by this extension.

         --------------------------------------------------------------
                           PART IV - OTHER INFORMATION
         --------------------------------------------------------------

      (1) Name and telephone number of person to contact to this notification

                   Kin Wai Cheung           86 755 83570142
             ------------------------- ----------- ------------------
                      (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.

<PAGE>

         ==============================================================
                                Home System Group
         ==============================================================
                  (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/ Kin Wai Cheung
                                                  ------------------------------
                                                  Name: Kin Wai Cheung
                                                  Title: 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.

                                    ATTENTION

   Intentional misstatements or omissions of fact constitute Federal Criminal
                        Violations (see 18 U.S.C. 1001).

<PAGE>

Three Months Ended September 30, 2006 Compared to 2005

The net sales for the three months ended September 30, 2006 is anticipated to be
approximately $1,060,000 compared to $350,000 for the three months ended
September 30, 2005. The income (loss) from operations is expected to be a loss
of $135,000 for the three months ended September 30, 2006 compared to income
from operations of $22,000 for the three months ended September 30, 2005. The
net income (loss) for the three months ended September 30, 2006 is expected to
be a loss of $199,000 compared to net income of $481 for the three months ended
September 30, 2005.

Nine Months Ended September 30, 2006 Compared to 2005

The net sales for the nine months ended September 30, 2006 is anticipated to be
approximately $22,729,000 compared to $6,723,000 for the three months ended
September 30, 2005. The income (loss) from operations is expected to be income
of $1,768,000 for the nine months ended September 30, 2006 compared to income
from operations of $1,082,000 for the nine months ended September 30, 2005. The
net income (loss) for the nine months ended September 30, 2006 is expected to be
net income of $1,485,000 compared to net income of $899,000 for the nine months
ended September 30, 2005.
                                      
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