Unassociated Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

Commission File Number: 000-50243
 
(Check One):
x Form 10-K
 o Form 20-F o Form 11-K o Form 10-Q o Form 10-D o Form N-SAR
  o Form N-CSR          
      
For Period Ended: December 31, 2008

           o Transition Report on Form 10-K

           o Transition Report on Form 20-F
 
           o Transition Report on Form 11-K

           o Transition Report on Form 10-Q

           o 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 herein.

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


GIANT MOTORSPORTS, INC.
__________________________________________
Full Name of Registrant

American Busing Corporation
__________________________________________
Former Name if Applicable

13134 Route 62
__________________________________________
Address of Principal Executive Office

Salem, Ohio 44460
__________________________________________
City, State and Zip Code



PART II – RULES 12b-25 (b) AND (c)

If the subject report could not be filed out 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 reason 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, Form 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 subject distribution report on 10-D, 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 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-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Registrant has been unable to compile all pertinent information to complete the annual report or complete providing the Registrant's accountant with all of the accounting information necessary to complete the annual report. The annual report could not be completed without unreasonable effort or expense.

The Registrant anticipates that it will file its Annual Report on Form 10-K within the "grace" period provided by Securities Exchange Act Rule 12b-25.

 
PART IV – OTHER INFORMATION

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


Gregory A. Haehn
440
439-9480
(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 shorter period that the registrant was required to file such report(s) been filed?  If the answer is no, identify report(s).   x Yes o No

(3)
 Is it anticipated that any significant changes 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 in the portion thereof?
  x Yes   o 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.
   
  Throughout the motorcycle/power sports retailing industry, sales of motorcycles were significantly lower in 2008 as compared to 2007 due to the weak overall economic environment.  As a result, we anticipate our revenues from sales of motorcycles and other power sports equipment in 2008 will be approximately $85.2 million compared to revenues from such sales of approximately $95.7 million in 2007, representing a reduction in revenues from sales of approximately 11% between these two periods.
 
SIGNATURE


GIANT MOTORSPORTS, INC. has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
 

Date: March 30, 2009
By:
/s/ Gregory A. Haehn  
    Gregory A. Haehn, President  
                                                                      
INSTRUCTION: The form may be signed by an executive officer of the registrant or 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
 
      Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).