SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 12b-25


                                                  Commission File Number 0-26463
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(Check One):      |_|  Form 10-K         |_|  Form 11-K       |_|  Form 20-F
                  |X| Form 10-Q          |_|  Form N-SAR

         For Period Ended: March 31, 2003
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|_| 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 From 11-K

         For the Transition Period Ended:
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  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 check above,
identify the item(s) to which the notification relates:
                                                       -----------------------

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                                     PART I
                             REGISTRANT INFORMATION

Full name of registrant MILITARY RESALE GROUP, INC.
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Former name if applicable

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Address of principal executive office (Street and number)
                                            2180 Executive Circle
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City, state and zip code         Colorado Springs, Colorado    80906
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                                   Page 1 of 3





Part II

         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 appropriate box.)

         |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 quarterly report on Form 10-QSB will be
                         filed on or before the fifth calendar day following the
                         prescribed due date;

         |_|    (c)      The accountant's statement or other exhibit required by
                         Rule 12b-25(c) has been attached if applicable.

Part III

         State below in reasonable detail the reasons why Form 10-QSB could not
be filed within the prescribed period.


                  The preparation of our Quarterly Report on Form 10-QSB for the
         quarterly period ended March 31, 2003 was delayed because we only
         recently filed our Annual Report on Form 10-KSB for the year ended
         December 31, 2002, which was delayed for the reasons set forth in our
         Form 12b-25 filed on March 28, 2003. As a result, we were unable to
         complete our first quarter financial statements, and our independent
         accountants were unable to complete their review of such financial
         statements, prior to May 15, 2003, which consequently required the
         filing of this Form 12b-25 to obtain an extension of the filing date.


Part IV

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

                      Eric M. Hellige                      (212) 421-4100
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         (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 twelve
                  months or for such shorter period that the registrant was
                  required to file such report(s) been filed? If the answer is
                  no, identify such reports.

                           Yes |X|                   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? 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.

                           Yes |_|                   No |X|



         MILITARY RESALE GROUP, INC.. has caused this notification to be signed
on its behalf by the undersigned thereunto duly authorized.



Date:  May 15, 2003              By     /s/ Ethan D. Hokit
                                   ---------------------------------------
                                                Name:   Ethan D. Hokit
                                                Title: President