WASHINGTON, D.C. 20549
                                   FORM 12b-25

             [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q

For Period Ended: March 31, 2001 . . . . . . . . .  SEC FILE NUMBER 000-29865
                                                      CUSIP NUMBER 14915C 10 8
[ ] 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 Period Ended:

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: Entire Form 10-QSB

Part I - Registrant Information

         Full Name of Registrant            CATHAYONE, INC.

         Former Name if Applicable          N/A

         Address of Principal Executive Office:
                  2100 Pinto Lane, Las Vegas, Nevada 89106

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

[X]      (b)      The subject annual report, semi-annual report, transition
                  report on Form 10-K, Form 2-F, 11- F, or From 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 form 10-K,  11-K,  20-F,
10-Q or N-SAR or portion  thereof could not be filed within the prescribed  time

     The Company has spent the past three months working to finish the Company's
year end audit and file the Form 10-KSB for the year ended  December  31,  2000.
The  diversion  of staff to the  completion  of the audit and filing of the Form
10-KSB has not allowed the Company to finish the  financial  statements  for the
quarter ended March 31, 2001 in a timely matter.  Because of the effort expended
to complete  the audit and file the Form  10-KSB,  which was filed May 16, 2001,
the Company was not able to file its Form  10-QSB on time  without  unreasonable
effort or expense.

Part IV - Other Information

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

                  Brian Ransom       Director            (604) 687-8381
                  (Name)              (Title)         (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 12 months or for
                  such shorter period that the registrant was required to file
                  such report(s) been filed? If the answer if no, identify
                                 (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
                  narrative and quantitatively, and, if appropriate, state the
                  reasons why a reasonable estimate of the results cannot be
                  made - Corporate offices and management changes.


                                 Cathayone, Inc.
                  (Name of Registrant as specified in Charter)

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned thereunto duly

Date: May 16, 2001                    By: /s/ Brian Ransom
      ------------                    ------------------------
                                      Name: Brian Ransom
                                      Title: Director