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: December 31, 2001
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[ ] 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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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:
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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
|X| 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 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 reasonable 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.
As of December 31, 2001, New Century Equity Holdings Corp. (the
"Company") owned 57.4% of the outstanding stock (49.0% of the fully diluted
stock) of a privately held company, Princeton eCom Corporation ("Princeton"),
which specializes in electronic bill presentment and payment solutions for
financial institutions and corporations. Princeton is a significant
unconsolidated subsidiary of the Company. The Company's investment in Princeton
represents approximately 64% of the Company's total assets as of December 31,
2001. The Company's equity pick-up in Princeton represents approximately 72% of
the Company's net loss for the year ended December 31, 2001.
The completion of Princeton's audit is an integral component of the
finalization of the Company's financial statements as of December 31, 2001. The
audit of Princeton has not been completed as of April 1, 2002.
The financial and operational staff of Princeton work in a very
fast-paced and high-growth technology environment. Due to the demands on the
financial and operational personnel of Princeton, along with the time
requirements to complete their audit, Princeton's audit will not be finalized by
the April 1, 2002, deadline. Therefore, the Company requests a fifteen-day
extension for the filing of the required financial statements of the Company
and 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 April 1, 2002 By /s/ DAVID P. TUSA
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David P. Tusa
Executive Vice President, Chief
Financial Officer and Corporate
Secretary