UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SEC File Number: 000-13538
FORM 12b-25 CUSIP Number: 632430-10-4
NOTIFICATION OF LATE FILING
(Check One):(X) Form 10-KSB ( ) Form 20-F ( ) Form 11-K ( )Form
10-QSB
( ) Form N-SAR
For Period Ended: DECEMBER 31, 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:
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Read Instructions (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:
PART I - REGISTRANT INFORMATION
NATIONAL AFFILIATED CORPORATION
Full Name of Registrant
N/A
Former Name if Applicable
7228 ENGLAND DRIVE, SUITE 24
Address of Principal Executive Office (Street and Number)
ALEXANDRIA, LA 71303
City, State and Zip Code
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, semi-annual report, transition report
on Form 10-KSB, Form 20-F, 11K, 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 of transition report on the
Form 10-QSB, 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 is applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-KSB, 11-K,
10-QSB, N-SAR, or the transition report or portions thereof, could not be filed
with the prescribed time period. (Attach Extra Sheets if Needed)
During the first three months of 1997, certain administrative
proceedings relating to the change in control of the registrant in December
1996 have required significant involvement of management of the registrant,
including its president. Further, the registrant has been involved in
certain financing arrangements that have also required significant efforts
of its management, including its chief financial officer. Therefore, the
registrant and such individuals have not had sufficient resources and time
available to complete the financial and related information for the
Form 10-KSB in time for filing by March 31, 1997. The registrant expects
to file the Form 10-KSB on or before April 15, 1997.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
JERRY JOHNSTON(800)673-2220
(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 reports) been filed?
If answer is no identify report(s).
YES X 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?
YES NO X
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.
[IF THE ANSWER ABOVE IS YES, THEN USE THIS SPACE TO GIVE THE EXPLANATION]
NATIONAL AFFILIATED CORPORATION
Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date:MARCH 31, 1996By:/S/ JERRY JOHNSTON
JERRY JOHNSTON
CHIEF 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 the executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed \
with the form.
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ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001)
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