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SEC FILE NUMBER
0-27604
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CUSIP NUMBER
500909
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 1997
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[ ] 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:
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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 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
Pick Communications Corp.
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Full Name of Registrant
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Former Name if Applicable
Wayne Interchange Plaza II
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Address of Principal Executive Office (Street and Number)
155 Route 46 West, Wayne, NJ 07470
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City, State and Zip Code
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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, on Form 10-K, will be filed on or
before the 15th 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
The executive officers of the Registrant have recently been occupied with
the negotiations and documentation associated with a strategic partnership with
Blackstone Calling Card Inc., direct connect agreements throughout the Middle
East, Africa, Asia and Latin America, an agreement to provide reciprocal
services with a major Middle Eastern communications company, and a contract for
satellite communications. As a result, the Form 10-K could not be filed within
the prescribed time period.
(Attach Extra Sheets if Needed)
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard
to this notification
Robert S. Bingham 201 334-2929
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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 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
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(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 appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
Reason for Change: The Registrant anticipates higher revenues and a
decreased loss from operations as compared to the results of operations from the
corresponding period for the last fiscal year. This change is anticipated
because of increased volume from the Registrant's customer base. A reasonable
estimate of the results cannot be made at this time because the Registrant has
not yet been able to determine the exact costs associated with the increased
volume.
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PICK COMMUNICATIONS CORP.
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(Name of registrant as a specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 31, 1998 By: /s/ Robert S. Bingham
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Name: Robert S. Bingham
Title: Vice-President-Finance
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
and 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).
