UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 12B-25

                           NOTIFICATION OF LATE FILING

                        Commission File Numbers:00-20190

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

                       For Period Ended: December 31, 2000

                       [ ] 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.

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      NOTHING    IN THIS FORM SHALL BE  CONSTRUED  TO IMPLY THAT THE  COMMISSION
                 HAS VERIFIED ANY INFORMATION CONTAINED HEREIN.

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If the notification  relates to a portion of the filing checked above,  identify
the Item(s) to which the notification relates:

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                        PART I -- REGISTRANT INFORMATION

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                                  Piranha, Inc.

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                             Full Name of Registrant

                            Former Name if Applicable

                          2425 N. Central Expressway, Suite 480
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           Address of Principal Executive Office (Street and Number)

                              Richardson, TX 75080

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                            City, State and Zip Code



                      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)

[X]        (a) The reasons  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 From 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 the Form 10-K and Form 10-KSB,
20-F,  11-K, 10-Q and Form 10-QSB,  N-SAR,  or the transition  report or portion
thereof,  could not be filed within the  prescribed  time period.  (ATTACH EXTRA
SHEETS IF NEEDED)

The  Registrant  has been unable to complete the  preparation  of its  financial
statements  due to delays in  gathering  information  required to  complete  the
preparation of the financial statements.



                          PART IV -- OTHER INFORMATION

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


      Richard S. Berger               (312)                664-7852
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          (Name)                    (Area Code)         (Telephone Number)

(2)Have all other  periodic  reports  required  under Section 13 or 15(d) of the
Securities and 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  reports  been  filed?  If 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?

     [ X ] Yes            [   ]   No

If so, attach an explanation of the  anticipated  change,  both  narratively and
quantitatively, and, if separate, state the reasons why a reasonable estimate of
the results cannot be made:

The Company was still in the  development  stage in the year 2000 and losses for
the year ended  December 31,  2000,  will be  significantly  higher than for the
corresponding  period ended  December 31, 1999.  The Company is still  gathering
information and is unable to quantify the amount of the loss at this time.

Piranha,  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: March 30, 2001                By: /s/ Richard S. Berger
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                                        Chief Financial Officer and Secretary