SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 1-8662
NOTIFICATION OF LATE FILING
Form 10-KSB
For Period Ended: June 30, 1996
___ Transition Report on Form 10-K ___ Transition
Report on Form 10-Q
___ Transition Report on Form 20-F ___ Transition
Report on Form N-SAR Transition ___ Report on Form 11-K
For the Transition Period Ended:
_____________________________________________
Read attached instruction sheet 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.
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: Proactive Technologies, Inc.
Former name if applicable: Keystone Medical Corporation
Address of principal executive office (street and number):
7118 Beech Ridge Trail
City, state and zip code: Tallahassee, Florida 32312
PART II
RULE 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 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 annual report, semi-annual report,
transition report on Form 10-K, 20-F, 11-K or Form N-SAR, or
portion thereof will be filed on or before the 15th 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 Form 10-K,
11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof
could not be filed within the prescribed time period. (Attach
extra sheets if needed.)
On February 12, 1996, the Registrant completed its
acquisition of all of the issued and outstanding shares of the
common stock of Capital First Holdings, Inc. ("Capital First"),
which acquisition was reported on a Form 8-K dated February 12,
1996.
After the acquisition, Registrant changed management and
moved its executive offices from Tulsa, Oklahoma, to Tallahassee,
Florida. As described in a Form 8-K dated June 1, 1996, the
Registrant has engaged Coopers & Lybrand L.L.P. to be its new
principal accountant.
Because of the numerous accounting issues arising as a result
of combining the results of operations of the Registrant and
Capital First, with new management in place, Registrant has been
unable to provide its new principal accountants with the
information needed for them to issue their report on the
Registrant's Consolidated Financial Statements without unreasonable
effort.
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PART IV
OTHER INFORMATION
(1) Name and telephone of person to contact in regard to
this notification
Robert E. Maloney, Jr., Vice President, Corporate Counsel
(904) 668-8500
(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 report(s) been filed? If the answer is
no, identify report(s).
10-QSB (9/30/95, 12/31/95, 3/31/96) not filed
in electronic format
Yes X No
(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
PROACTIVE TECHNOLOGIES, INC.
Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: October 1, 1996 By /s/ Mark A.Conner
Mark A. Conner, President
