SEC 1344
(7-2000)
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 12B-25


                           NOTIFICATION OF LATE FILING
(Check One): |X| Form 10-K Form 20-F Form 11-K Form 10-Q
Form N-SAR

For Period Ended: DECEMBER 31 2000
|X|  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: ___________________

  Read Instruction (on back page) Before Preparing Form. Please Print or Type.

     NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
                    VERIFIED ANY INFORMATION CONTAINED HERIN.
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: CATHAYONE, INC.
________________________________________________________________________________
Former Name if Applicable: PREMIER BRANDS, INC.
________________________________________________________________________________
Address of Principal Executive Office: 337 MADISON AVENUE  33RD FLOOR
________________________________________________________________________________
City, State and Zip Code: NEW YORK  NY  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 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 thereof, will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report of transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth
     (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.

PART III -- NARRATIVE
CATHAYONE, INC. ("THE COMPANY") IS STILL IN THE PROCESS OF COLLECTING DATA
RELATING TO THE YEAR-END AUDITED FINANCIAL STATEMENTS IN ORDER TO PREPARE FORM
10-KSB.  THE COMPANY HAS BEEN UNABLE TO RECEIVE THIS DATA IN A TIMELY MANNER
WITHOUT UNREASONABLE EFFORT AND EXPENSES.  FOR THE FOREGOING REASON, THE COMPANY
REQUIRES ADDITIONAL TIME IN ORDER TO PREPARE AND FILE ITS ANNUAL REPORT ON FORM
10-KSB FOR THE YEAR ENDED DECEMBER 31, 2000.

PART IV-- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification

                     DAVID COOPERBERG     (212)     888-1758

(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 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?
|X|Yes No

THE COMPANY MERGED WITH A PRIVATE COMPANY DURING THE YEAR 2000 AND CHANGED THE
NATURE OF ITS OPERATIONS.  CATHAYONE CONTINUES TO BE CLASSIFIED AS A DEVELOPMENT
STAGE COMPANY WITHOUT SUBSTANTIAL REVENUES.  WHILE REVENUES HAVE NOT
SIGNIFICANTLY CHANGED SINCE 1999, EXPENSES HAVE INCREASED.  UNTIL THE DATA
REFERENCED IN PART III ABOVE IS RECEIVED, THE COMPANY CANNOT QUANTIFY ITS NET
RESULTS FOR 2000.

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.




                                 CATHAYONE, INC.
                  (Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: APRIL 2 2001     By: DAVID COOPERBERG, PRESIDENT

INSTRUCTION: The form may be signed by an executive officer of the registrant of
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
INTERNATIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).

                              GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange Commission,
Washington, D.C. 20549, in accordance with Rule0-3 of the General Rules and
Regulations under the Act. The information contained in or filed with the form
will be made a matter of public record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed with
each national securities exchange on which any class of securities of the
registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but need
not restate information that has been correctly furnished. The form shall be
clearly indentified as an amended notification.
5. Electronic filers. This form shall not be used by electronic filers unable to
timely file a report solely due to electronic difficulties. Filers unable to
submit a report within the time period prescribed due to difficulties in
electronic filing should comply with either Rule 201 or Rule 202of Regulation
                                            --------    --------
S-T ( 232.201 or  232.202 of this chapter) or apply for an adjustment in filing
date pursuant to Rule 13(b) of Regulation S-T ( 232.13(b) of this Chapter).