U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25
                          Commission File No.: 0-11734

                           NOTIFICATION OF LATE FILING

                                   Form 10-Q
                                   ---------



For Period Ended 04/30/2002

PART I - REGISTRANT INFORMATION

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

N/A
- ---
Former Name of Registrant

333 South Main St., Ketchum, Idaho 83340
- ----------------------------------------
Street, City, State and Zip Code



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 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-Q, Form 20-F, 11-K, or
Form N-SAR, or the transition  report,  or portion  thereof,  could not be filed
within the prescribed time period.

The  Company  experienced  unanticipated  delays  in  compiling  financial  data
relating to the first fiscal quarter ended October 31, 2001.

PART IV - OTHER INFORMATION

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

     Thomas J. Gillespie           208                 622-7792
     -------------------           ---                 --------
           (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 Investments 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 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.

                          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.


Date: June 14, 2002                By:  /s/ Thomas J. Gillespie
                                   ----------------------------
                                            Thomas J. Gillespie
                                            CEO and President

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