U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
NOTIFICATION OF LATE FILING
FORM 12b-25
Sec. File Number 0-9624 Cusip Number 460491 80 6
[Check One]
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [ X ] Form 10-Q
[ ] Form N-SAR
For the Period Ended: September 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 International Thoroughbred Breeders, Inc.
Former Name If Applicable
Address of Principal Executive Office (Street and Number)
Haddonfield Road and Route 70
City, State and Zip Code Cherry Hill, New Jersey 08034
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 12-b-25[b],
the following should be completed.
[Check box if appropriate]
[a] The reasons described in reasonable detail in Part
III of this form could not be eliminated without
unreasonable effort or expenses;
[ X ][b] The subject annual report, semi-annual report,
transition report on From 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} See Attached
PART IV - OTHER INFORMATION
[1]Name and telephone number of person to contact in regard to
this notification
William Warner 609 488-3625
[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 10 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] It is 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? See Attached
[ 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.
International Thoroughbred Breeders, 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 November 14, 1996 By/s/William H. Warner
William H. Warner,Principal Financial Officer
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 [17CFR 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.
International Thoroughbred Breeders, Inc.
Form 12b-25
Form 10-Q for Period Ended September 30, 1996
Part III - Narrative
Prior to the filing date of the Form 10-Q for the quarter ended
September 30, 1996, there was a change in the majority of the Board of
Directors. The new Directors and new Chairman of the Board need
additional time to review said document. As a result, the Registrant
is unable to file the Form 10-Q on a timely basis.
Part IV - Other Information
(3) For the quarter ended September 30, 1995, the Registrant
reported a net loss of ($150,416). For the quarter ended September 30,
1996, the Registrant anticipates reporting a net loss of approximately
($530,000).
