SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12b-25

                                                           SEC FILE NUMBER 30536
                                                        CUSIP NUMBER: 0001082594


                           NOTIFICATION OF LATE FILING


(Check One):   [X] Form 10-K    [_] Form 11-K    [_] Form 20-F    [_] Form 10-Q
               [_] Form N-SAR

          For Period Ended: Year Ended 2001

     [_]  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 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  relates  to a portion of the  filing  checked  above,
identify the item(s) to which the notification relates: ________________________


--------------------------------------------------------------------------------
                                     PART I
                             REGISTRANT INFORMATION
--------------------------------------------------------------------------------

                                 FONECASH, INC.
                                 --------------
                            Full name of registrant

                                      N/A
                                ----------------
                            Former name if applicable

                           90 Park Avenue, Suite 1700
                           --------------------------
           Address of principal executive office (Street and number)

                               New York, NY 10016
                               ------------------
                            City, state and zip code



--------------------------------------------------------------------------------
                                    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;
     |
     |    (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
[X]  |         be filed  on or  before  the  15th  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 why the 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. (Attach extra sheets if needed.)



     The Company's  independent  auditors are in the process of completing their
audit of its financial  statements for the calendar year ended December 31, 2001
and management  believes that this audit will be completed  after March 31, 2002
but before April 15, 2002.


--------------------------------------------------------------------------------
                                    PART IV
                               OTHER INFORMATION
--------------------------------------------------------------------------------

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

         Daniel E. Charboneau                        (212)        984-0641
     ---------------------------------------------------------------------------
              (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).
                                                                 [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  narratively
and  quantitatively,  and, if  appropriate,  state the reasons why a  reasonable
estimate of the results cannot be made.


FONECASH,  INC. Has caused this  notification  to be signed on its behalf by the
undersigned thereunto duly authorized.


Date  March 29, 2002            By   /s/ DANIEL E. CHARBONEAU
    -------------------            ---------------------------------------------
                                   Daniel E. Charboneau
                                   (Principal Financial and Accounting Officer)


     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).