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                     U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

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                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

                            SEC File Number: 0-26888

                                  (Check One):

[ ] Form 10-K and Form 10-KSB   [ ] Form 20-F    [ ] Form 11-K
[X] Form 10-Q and Form 10-QSB   [ ] Form N-SAR

     For Period Ended: June 30, 2000

     [ ] 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:

     If the  notification  relates  to a portion of the  filing  checked  above,
identify the Item(s) to which the notification relates:

Part I - Registration Information

     Full Name of Registrant:                    Internet Holdings, Inc.

     Former Name if Applicable:

     Address of Principal Executive
     Office:                                     16 Curzon Street, Mayfair
                                                 London, United Kingdom W1Y 7FF



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-K and 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-Q and Form 10-QSB, or portion thereof will be filed on or before
     the fifth calendar day following the prescribed due date           [X]

     (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 Form 10-K and Form 10-KSB,  10-
Q and Form 10-QSB,  N-SAR, or the transition report or portion thereof could not
be filed within the prescribed period.

     As a result  of  unexpected  delays  in  gathering  the data  necessary  to
finalize the financial  statements and  accompanying  notes of the  Registrant's
Form  10-QSB,  the  report on Form  10-QSB  could not be  timely  filed  without
unreasonable effort or expense.

Part IV - Other Information

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

     Jason Forsyth                      011 44 207 409 1600

     (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).

                                          [ ] Yes           [X] No

     The Registrant's  Current Report on Form 8-K filed on May 23, 2000, did not
include  the  required  financial statements  for  the  Radical  Technology  PLC
acquisition.  Due  to  the  complexity  of  that transaction,  the  Registrant's
accountants along with Radical Technology PIC's accountants are continuing their
review  of such  financials  at this  time  and  expect  to  have  the  required
financials filed shortly.

     (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





     In the prior year's comparative  period,  Registrant had nominal assets and
no  business  operations.  Since such time,  Registrant  acquired  an  operating
company  with  significant  cash,  liquid  securities  and books and  records of
account. As a result, a significant change in results of operations for the last
fiscal year will be reflected by the earnings  statements  to be included in the
report on Form 10-QSB.


                             INTERNET HOLDINGS, INC.
                  (Name of Registrant as specified in charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
thereunto duly authorized.

Date: August 14, 2000                          By: /s/ Jason Forsyth
                                                   -----------------------------
                                                   Jason Forsyth,
                                                   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 U.S.C. 1001).