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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
[ X ] FORM 10-Q
For the Quarter Ended December 31, 1997
Part I - Registrant Information
Full Name of Registrant:
ERLY Industries Inc.
Address of Principal Executive Office:
10990 Wilshire Boulevard
Los Angeles, California
90024-3913
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.
The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense.
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ERLY INDUSTRIES INC.
Part III - Narrative
State below in reasonable detail the reasons why Form 10-Q could not be
filed within the prescribed time period.
The Company is in the process of reviewing a number of disclosure
and accounting policy issues with its legal counsel. Due to the
timing and difficulty of the review and reporting process the
additional expense would be unreasonable.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to
this notification:
Thomas A. Whitlock
(213) 879-1480
(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 the answer is no, identify report(s).
Yes X 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?
Yes X No
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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.
The Company is in the process of reviewing a number of disclosure
and accounting policy issues with its legal counsel. The outcome
of these discussions may materially affect the reported results
for the quarter ended December 31, 1997.
Dated: February 18, 1998 ERLY INDUSTRIES INC.
By /s/ Thomas A. Whitlock
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Thomas A. Whitlock
Vice President and
Corporate Controller
