UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Commission File Number: 000-51254
CUSIP Number: 38983 E 100
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): £ Form 10-K and Form 10-KSB £ Form 20-F £ Form 11-K
S Form 10-Q and Form 10-QSB £ Form N-SAR
For Period Ended: September 30, 2007
£ Transition Report on Form 10-K
£ Transition Report on Form 10-Q
£ Transition Report on Form 20-F
£ Transition Report on Form N-SAR
£ Transition Report on Form 11-K
For the Transition Period Ended :________________________
Read attached instruction sheet 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 related 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: Great American Family Parks, Inc.
Former name if applicable: ___________________________________________
Address of principal executive office (street and number): 3420 Ocean Park Blvd., Suite 3000
City, state and zip code: Santa Monica, CA 90405________________________________
PART II
RULE 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.
S
(b)
The subject annual report, semi-annual report, transition report on Form 10-K, 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 Form 10-K, 11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period.
The Company’s Quarterly Report on Form 10-QSB for the quarterly period ended June 30, 2007 cannot be filed within the prescribed time period because the Company requires additional time for compilation and review to insure adequate disclosure of certain information required to be included in the Form 10-QSB. The Company’s Quarterly Report on Form 10-QSB will be filed on or before the 5th calendar day following the prescribed due date.
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PART IV
OTHER INFORMATION
(1)
Name and telephone number of person to contact in regard to this notification:
Larry Eastland, President and Chief Executive Officer, (310) 450-9100
(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)
S 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 S No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reason why a reasonable estimate of the results cannot be made.
__________________________________________________________________
Great American Family Parks, Inc.
(Name of Registrant as specified in Charter)
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: November 14, 2007
By: /s/ Larry Eastland
Larry Eastland
President and Chief Executive Officer
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