U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
NOTIFICATION OF LATE FILING
FORM 12b-25
SEC File Number 0-27132 Cusip Number 65-0594270
[Check One]
[ ] Form 10[ ] Form 20-F [ ] Form 11-K [ X ] Form 10-QSB [ ] Form N-SAR
For the Period Ended: June 30, 1996
[ ] 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 Instructions [on back page] Before Preparing Form.
Please Print or Type
Nothing in this form shall be constructed 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 Full Name of Registrant:TERRACE HOLDINGS, INC.
Former Name if Applicable:
Address of Principal Executive Office [Street and Number]: 2699 Stirling Road,
Suite C-405
City, State and Zip Code: Fort Lauderdale, Florida 33312
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 expenses;
[b] The subject annual report, semi-annual report, transition report on
Form 10-K, Form 2-F, Form 11-K, 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, 20-F, 11-K,
10-Q or N-SAR, or the transition report or portion thereof, could not be
filed within the prescribed time period. [Attach Extra Sheet if Needed]
PART IV - OTHER INFORMATION
[1] Name and telephone number of person to contact in regard to this
notification
Samuel H. Lasko 954 894-6000
[Name] [Area Code] [Telephone No.]
[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? [ ] 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.
Terrace Holdings, 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 August 14, 1996 By Samuel H. Lasko
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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 Violation [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 Rule 0-3 of the
General Rules and Regulations under the Act. The information contained in or
filed with the form will be made a matter of the 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 identified as an amendment notification.
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