___________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
of
FORM 10-QSB
For Period Ended: March 31, 1998
DIAPULSE CORPORATION OF AMERICA
(Name of Registrant)
321 East Shore Road, Great Neck, NY, 11071
(Address of Principal Executive Office)
132-3
(Commission File Number)
____________________________________________________
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
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 five calendar days
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.
There have been delays in completing the 10-KSB for the
year ended December 31, 1997, which the Company expects to
have resolved very shortly. As a result of the delays, the
company has been delayed in closing its books for the first
quarter of 1998.
As a result of the foregoing, the Company's Quarterly
Report on Form 10-QSB for the quarter ended March 31, 1998,
cannot be completed and timely filed without unreasonable
effort or expense.
Part IV
(1) Name and telephone number of person to contact in
regard to this notification.
Jesse Ross (516) 466-3030
(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 [ ] No [ X ]
As described above, The Company has not yet filed its Form 10-KSB
for the year ended December 31, 1997. It expects to file Form
10-KSB shortly.
(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 [ X ] No [ ]
The Company expects its results of operations for the first
quarter of fiscal 1998 to be significantly less profitable than
the first quarter of 1997. Sales are significantly less, which
will result in lower gross margins and lower earnings.
DIAPULSE CORPORATION OF AMERICA has caused this notification
to be signed on its behalf by the undersigned thereunto duly
authorized.
Date: May 14, 1998, By:
Name: Jesse Ross
Title: Chairman of the
Board
and President
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