-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RIHor3EHT/yMn3GffTIjdyNgFTAFwnis8rGU4u2YlhZh/Dobp08m7h8YDCHXVmJZ DwrCtabxnEFXHHI6NFzBjA== 0001144204-06-021017.txt : 20060516 0001144204-06-021017.hdr.sgml : 20060516 20060516142806 ACCESSION NUMBER: 0001144204-06-021017 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060331 FILED AS OF DATE: 20060516 DATE AS OF CHANGE: 20060516 EFFECTIVENESS DATE: 20060516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Tube Media Corp. CENTRAL INDEX KEY: 0001168932 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 841557072 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-86244 FILM NUMBER: 06845325 BUSINESS ADDRESS: STREET 1: 11077 BISCAYNE BLVD STREET 2: SUITE 100 CITY: MIAMI STATE: FL ZIP: 33161 BUSINESS PHONE: 305-899-6100 MAIL ADDRESS: STREET 1: 11077 BISCAYNE BLVD STREET 2: SUITE 100 CITY: MIAMI STATE: FL ZIP: 33161 FORMER COMPANY: FORMER CONFORMED NAME: AGU Entertainment Corp. DATE OF NAME CHANGE: 20040524 FORMER COMPANY: FORMER CONFORMED NAME: LEXINGTON BARRON TECHNOLOGIES INC DATE OF NAME CHANGE: 20020312 NT 10-Q 1 v043516_nt10q.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING
 
(Check One):

oForm 10-K  oForm 20-F  oForm 11-K    xForm 10-Q    oForm N-SAR
 
For Period Ended:  March 31, 2006

o  Transition Report on Form 10-K
o  Transition Report on Form 20-F
o  Transition Report on Form 11-F
o  Transition Report on Form 10-Q
o  Transition Report on Form N-SAR

For the Transition Period Ended:
 
 
Read Instruction Before Preparing Form. Please Print or Type.

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
 
 
Part I--Registrant Information


Full Name of Registrant: The Tube Media Corp.
   
Former Name if Applicable:
AGU Entertainment Corp.
Lexington Barron Technologies, Inc.
   
Address of Principal Executive Office:
1451 West Cypress Creek Road
Fort Lauderdale, FL 33309
 
 
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, Form N-SAR or Form N-CSR, 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 Form 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof could not be filed within the prescribed time period.
(Attach extra sheets if needed)

The Tube Media Corp. (the “Company”) is unable to file its quarterly report on Form 10-QSB for the fiscal quarter ended March 31, 2006 (the “Form 10-QSB”) within the prescribed period. The compilation, dissemination and review of the information required to be presented in the Form 10-QSB has imposed time constraints on the Company’s employees. The timeliness of the Company’s Form 10-QSB was adversely impacted by a multitude of factors, including, but not limited to, a significant financing agreement entered into in the second quarter of 2006, which was critical to the Company’s ability to continue as a going concern. As a result of these factors, the timely filing of the Form 10-QSB was impracticable without undue hardship and expense to the Company. At this time, the Company expects to file the Form 10-QSB no later than the fifth calendar day following the prescribed due date, as permitted by Rule 12b-25.
 
 
Part IV--Other Information
 
 
(1)
Name and telephone number of person to contact in regard to this notification
 
 
 
John W. Poling     954     714-8100                   
         (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).
xYes  oNo

 
(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?
xYes  oNo
 
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.

The Company expects that there will be no revenues to report for the three months ended March 31, 2006 compared the $150,503 in net revenues for the three months ended March 31, 2005. During the first fiscal quarter of 2005, the Company generated revenue primarily from its record label subsidiary. During the first fiscal quarter of 2006, the Company did not generate any revenue from its record label subsidiary or music network subsidiary. The Company also expects that there will be a net loss of approximately $2.5 million reported for the three months ended March 31, 2006 compared to the net loss of $3,196,912 reported for the three months ended March 31, 2005, based in part on (1) increases in operating expenses due to the Company’s engagement in operations and entering into material transactions, (2) increases in interest expense, and (3) increases in accounting and legal fees and other internal costs relating to compliance with federal and state securities laws.

Forward-Looking Statements

This document may include a number of "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management's current views with respect to future events and financial performance and include statements regarding management’s intent, belief or current expectations, which are based upon assumptions about future conditions that may prove to be inaccurate. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, involve risk and uncertainties, and that as a result, actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, among other things, the volatile and competitive markets in which we operate, our limited operating history, our limited financial resources, our ability to manage our growth and the lack of an established trading market for our securities. When considering forward-looking statements, readers are urged to carefully review and consider the various disclosures, including risk factors and their cautionary statements, made by us in this document and in our reports filed with the Securities and Exchange Commission.
 
The Tube Media Corp.
(Name of Registrant as specified in charter)     
 
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
 
     
Date: May 16, 2006   By:   /s/ John W. Poling
 
 
Name:  John W. Poling
Title: Chief Financial Officer
 
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