UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12B-25

                           NOTIFICATION OF LATE FILING


(Check One):|_|Form 10-K  |_|Form 20-F  |_|Form 11-K |X|Form 10-Q  |_|Form N-SAR
            For Period Ended:  September 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 - REGISTRANT INFORMATION

Full Name of Registrant:  Centerpoint Corporation

Former Name if Applicable:  Moto Guzzi Corporation

Address of Principal Executive Office (Street and Number):  299 Park Avenue

City, State and Zip Code:  New York, New York  10022

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  12(b)-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,  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,  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,
     10Q, N-SAR, or the transition report or portion thereof, could not be filed
     within the prescribed time period.

On September 7, 2000, Moto Guzzi  Corporation (the "Company") closed on the sale
of all its operating  subsidiaries,  Moto Guzzi S.p.A., Moto Guzzi North America
Inc,  Moto Guzzi France Sarl,  and MG  Motorcycle  GmbH,  to Aprilia  S.p.A.  in
accordance with the Preliminary Purchase and Sale Agreement dated April 14, 2000
as  modified  and  integrated  by the Letter  Agreement  of August 3,  2000.  On
September 19, 2000,  pursuant to the Share  Purchase  Agreement and  stockholder
approval,  the Company filed an amendment to its Certificate of Incorporation to
change its name to Centerpoint Corporation, effective at the time of filing.

The closing  with  respect to the sale,  and the  handling of  substantial  post
closing matters has related thereto has required significant time involvement of
the financial staff of the Company  resulting in delays in completion of quarter
end accounting procedures.


PART IV - OTHER INFORMATION

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

               Mark S. Hauser              212                   644-4441
               (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 report(s) been
          filed?  If answer  is no  identify  reports(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 earning
          statements  to be  included  in the  subject  report or
          portion  thereof?  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 of the results cannot
          be made.                                                  |X|Yes |_|No



         Changes in 2000 compared to 1999

         On September 7, 2000,  the Company  completed the sale of its operating
subsidiaries  to Aprilia  S.p.A.  This sale  represents  the  discontinuance  of
motorcycle  operations  which were the company's  only  activities and have been
accounted for as discontinued operations.  The effective accounting date for the
sale is July 1, 2000,  reflecting the last date for which financial  information
on the subsidiaries is available.

         Accordingly,  in the third  quarter of 2000,  the Company has  recorded
interest income of Lit. 108 million, selling general and administrative expenses
of Lit. 27 million and  positive  exchange  differences  of Lit.  616 million as
continuing  operations.  The  exchange  differences  relate  to the  effects  of
exchange rates on cash balances and escrow  receivables in lire from the date of
sale  through  September  30, 2000.  In the  corresponding  period in 1999,  the
Company  had no  income  or  expenses  from  continuing  operations  as all  its
activities related to the disposed motorcycle business.

         In  respect of the  discontinued  motorcycle  operations,  in the third
quarter of 2000 the Company has recorded a gain on sale of Lit.  66,411 million.
There are no taxes payable as the Company  believes  that the proceeds  received
are less  than  the tax base of the  subsidiaries  sold.  There is no loss  from
operations  of the  discontinued  activities in the third quarter of 2000 as the
effective  accounting date was July 1, 2000. In the comparison  third quarter of
1999,  losses  from the  discontinued  motorcycle  operations  were  Lit.  3,753
million.

         In the third  quarter of 2000,  Lit. 458 million is included in respect
of  dividends  payable on the  Company's  Series B  Preferred  Stock,  issued in
February 2000 to provide bridge finance to the sold subsidiaries.  Such Series B
Preferred Stock was redeemed effective September 30, 2000.


                            CENTERPOINT CORPORATION
                  (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 16, 2000               By:  /s/  Nick Speyer
    ------------------------------             ---------------------------------
                                                      Nick Speyer
                                                      Chief Financial Officer