SEC  1344
(7-2000)
Previous  versions  obsolete

PERSONS  WHO  POTENTIALLY ARE TO RESPOND TO THE
COLLECTION  OF  INFORMATION  CONTAINED  IN THIS FORM ARE NOT REQUIRED TO RESPOND
UNLESS  THE  FORM  DISPLAYS  A  CURRENTLY  VALID  OMB  CONTROL  NUMBER.


                               [GRAPHIC  OMITED]



                                  OMB APPROVAL
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 12B-25
SEC  FILE  NUMBER
CUSIP  NUMBER
                           NOTIFICATION OF LATE FILING
(Check  One):  |  |  Form  10-K  Form  20-F  Form  11-K  [X]Form  10-Q
Form  N-SAR
For  Period  Ended:  JUNE  30,  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 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 HERIN.

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
________________________________________________________________________________
Full  Name  of  Registrant:  CATHAYONE,  INC.
________________________________________________________________________________
Former  Name  if  Applicable:  PREMIER  BRANDS,  INC.
________________________________________________________________________________
Address  of  Principal  Executive  Office:  C/O  FISHER & FISHER - ONE WHITEHALL
STREET,  21ST  FLOOR
________________________________________________________________________________
City,  State  and  Zip  Code:  NEW  YORK,  NY  10004

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  expense;
     (b)  The  subject  annual  report, semi-annual report, transition report on
Form 10-K, Form 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 of transition report on Form 10-Q, or portion thereof
will  be  filed  on  or  before  the  fifth
     (c)  The accountant's statement or other exhibit required by Rule 12b-25(c)
has  been  attached  if  applicable.

PART  III  --  NARRATIVE

CATHAYONE,  INC.  ("THE COMPANY")  IS STILL IN THE PROCESS OF COLLECTING DATA
RELATING  TO  THE  QUATER-END UNAUDITED FINANCIAL STATEMENTS IN ORDER TO PREPARE
FORM  10-QSB.  THE  COMPANY  HAS  BEEN  UNABLE  TO RECEIVE THIS DATA IN A TIMELY
MANNER  WITHOUT UNREASONABLE EFFORT AND EXPENSES.  FOR THE FOREGOING REASON, THE
COMPANY  REQUIRES ADDITIONAL TIME IN ORDER TO PREPARE AND FILE ITS ANNUAL REPORT
ON  FORM  10-QSB  FOR  THE  YEAR  ENDED  JUNE  30,  2001.

PART  IV--  OTHER  INFORMATION

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

                     DAVID COOPERBERG     (917)     699-4352
(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 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

THE  COMPANY  MERGED WITH A PRIVATE COMPANY DURING THE YEAR 2000 AND CHANGED THE
NATURE OF ITS OPERATIONS.  CATHAYONE CONTINUES TO BE CLASSIFIED AS A DEVELOPMENT
STAGE  COMPANY  WITHOUT  SUBSTANTIAL  REVENUES.  WHILE  REVENUES  HAVE  NOT
SIGNIFICANTLY  CHANGED  SINCE  1999,  EXPENSES  HAVE  INCREASED.  UNTIL THE DATA
REFERENCED  IN  PART  III ABOVE IS RECEIVED, THE COMPANY CANNOT QUANTIFY ITS NET
RESULTS  FOR  2000.

IN  ADDITION, THE COMPANY FILED A FORM 8-K DURING THE PERIOD TO ANNOUNCE THAT IT
HAD  FILED FOR CHAPTER 11 BANKRUPTCY. FURTHER DETAILS SURROUNDING THIS EVENT ARE
EXPECTED  TO  BE  RELEASED  AS  AVAILABLE.

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.


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                                 CATHAYONE, INC.
                  (Name of Registrant as Specified in Charter)
has  caused  this  notification  to  be  signed on its behalf by the undersigned
hereunto  duly  authorized.

Date:  AUGUST  12,  2001     By:  DAVID  COOPERBERG,  PRESIDENT

INSTRUCTION: The form may be signed by an executive officer of the registrant of
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

INTERNATIONAL  MISSTATEMENTS  OR  OMISSIONS  OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS  (SEE  18  U.S.C.  1001).

                              GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
and  Regulations  under  the  Securities  Exchange  Act  of  1934.
2.  One  signed  original  and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange Commission,
Washington,  D.C.  20549,  in  accordance  with Rule0-3 of the General Rules and
Regulations  under  the Act. The information contained in or filed with the form
will  be  made  a  matter  of  public  record  in  the  Commission  files.
3. A manually signed copy of the form and amendments thereto shall be filed with
each  national  securities  exchange  on  which  any  class of securities of the
registrant  is  registered.
4.  Amendments  to  the notifications must also be filed on form 12b-25 but need
not  restate  information  that  has been correctly furnished. The form shall be
clearly  indentified  as  an  amended  notification.
5. Electronic filers. This form shall not be used by electronic filers unable to
timely  file  a  report  solely due to electronic difficulties. Filers unable to
submit  a  report  within  the  time  period  prescribed  due to difficulties in
electronic  filing  should  comply with either Rule 201 or Rule 202of Regulation
                                               --------    --------
S-T  ( 232.201 or  232.202 of this chapter) or apply for an adjustment in filing
date  pursuant  to  Rule  13(b)  of Regulation S-T ( 232.13(b) of this Chapter).

http://www.sec.gov/divisions/corpfin/forms/12b-25.htm
Last  update:  07/20/2000