UNITED STATES
SECURITY AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Form 10-KSB FOR PERIOD ENDED DECEMBER 31, 1997
Form 10-QSB FOR PERIOD ENDED MARCH 31, 1998
SEC FILE NUMBER: 0-3718
Part I - Registrant Information
Full name of Registrant:
EQUITY GROWTH SYSTEMS, INC.
Address of Principal Executive Office:
3821 B TAMIANI TRAIL, SUITE 201, PORT CHARLOTTE, FL 33952
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 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;
(b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K,
or Form N-SAR, or portion thereof, will be filed
on or before the fifteenth calender day following
the prescribed due date; or the subject quarterly
report of transition report on Form 10-Q, or
portions thereof will be filed on or before the
fifth calender day following the prescribed due
date; and
(c) The accountant's statements 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 Forms 10-KSB, 20-F, 11-K,
10-QSB, N-SAR, or the transition report or portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed)
THE REGISTRANT'S AUDITORS HAVE NOT COMPLETED THEIR AUDIT FOR
THE MARCH, 1998 10QSB, NOR HAS THE COMPANY FULLY NEGOTIATED
A RETAINER AGREEMENT WITH COUNSEL FOR THE PURPOSE OF
PREPARING THE REPORT ON FORM 10-KSB FOR CALENDER YEAR 1998.
Part IV - Other Information
1. Name and telephone number of person to contact in regard
to this notification:
EDWARD GRANVILLE-SMITH - (941) 255-9582
Name Area Code Telephone number
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 shorter periods that the
registrant was required to file such report(s) been filed?
YES OR NO (CIRCLE CORRECT RESPONSE)
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?
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.
____________________________________________________________
Name of Registrant
as Specified in
Charter: EQUITY GROWTH SYSTEMS, INC..
Date: MARCH 31, 1998
By: EDWARD GRANVILLE-SMITH, CHAIRMAN
Branch of Document Control
Securities Exchange Commission
March 31, 1998
FILING RECEIPT
The Notification on Form 12b-25 for Equity Growth Systems,
Inc.'s annual on Forms 10-KSB for the calender year ended
December 31, 1997 and 10-QSB for the quarter ended March 31,
1998 Commission file number 0-3718 has been docketed by the
Document Control Section of the Securities and Exchange
Commission on April_____, 1998
________________________________
Please Print Name and Sign
