U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
(Check One): [X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: SEPTEMBER 30, 2000 (AMENDMENT NO. 2 TO FORM 10-K)
[ ] 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:
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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.
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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:
Item 14 of the Form 10-K
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Part I - Registrant Information
New Century Equity Holdings Corp.
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Full Name of Registrant
Billing Concepts Corp.
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Former Name if Applicable
10101 Reunion Place Suite 450
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Address of Principal Executive Office (Street and Number)
San Antonio, Texas 78216
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City, State and Zip Code
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Part II - Rules 12b-25 (b) and (c)
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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;
(b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
thereof will be filed on or before the fifteenth calendar day
/X/ 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
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State below in reason able detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
At September 30, 2000, New Century Equity Holdings Corp. ("Company")
owned approximately 42.5% of a privately-held company, Princeton eCom
Corporation ("Princeton"). Princeton is a high technology company focused on
the bill presentment and payment market.
As Princeton qualifies as a majority-owned subsidiary of the Company,
the Company is required under Rule 3-09(a) of Regulation S-X to file separate
financial statements for Princeton. Under Rule 3-09(b) of Regulation S-X,
since Princeton's fiscal year ends within 90 days after the Company's fiscal
year-end, the required financial statements may be filed as an amendment to
Form 10-K within 90 days after the end of Princeton's fiscal year. As
Princeton's fiscal year-end is December 31, the Company's amendment to Form
10-K including the Princeton financial statements is due by March 31, 2001.
The financial staff of Princeton work in a very fast-paced technology
environment. In addition to the significant business demands, Princeton is
currently in
the process of raising additional equity funds. Due to the complexity of
their business and the efforts necessary in the equity raising process, as
well as the time requirements to complete their financial statements,
Princeton's audited financial statements will not be available by the March
31, 2001, deadline. Therefore, the Company requests a fifteen-day extension
for the filing of the required financial statements of Princeton.
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Part IV -- Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
David P. Tusa (210) 302-0410
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under 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). [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.
New Century Equity Holdings Corp.
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(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 30, 2001 By /s/ DAVID P. TUSA
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David P. Tusa
Senior Vice President, Chief
Financial Officer and Corporate
Secretary