U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 12b-25
                              NOTICE OF LATE FILING

                                   Form 10QSB
                              SEC File No: 0-24801
                             CUSIP No: 03838F207-F6

                       For Period Ended January 31, 2001

         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:

         Not applicable. The filing relates to the entire form 10-QSB.

Part I - Registrant Information

         Full Name of Registrant: Aqua Vie Beverage Corporation
                                  -----------------------------

         Address of Principal Executive Office: 333 South Main Street
                                                ---------------------

         City, State and Zip Code: Ketchum, ID 83340
                                   ------------------

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).

[ x ]    (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  quarterly  report/portion  thereof will be filed on or
         before the fifth calendar day following the prescribed due date; and

[ 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-Q or 10-QSB or
portion thereof could not be filed within the prescribed time period.

         Certain independent vendors were slow in providing needed information.

Part IV - Other Information

         (1)      The person to contact in regard to this notification is:

                  Bruce Butcher             (206)             682-7626
                  ------------------     -----------     ------------------
                       (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 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  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 results cannot be made.





                          Aqua Vie Beverage Corporation
                   -------------------------------------------
                  (Name of Registrant as Specified in Charter)

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


Dated: March 14, 2001                   By: /s/ Thomas J. Gillespie
- ------------------------                   -------------------------
                                                Thomas J. Gillespie, President