U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
FOR FORM 10-Q
For Period Ended Commission File No. 0-13829
September 30, 1997 CUSIP No. 740330 10 5
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 a filing above,
identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
PRECISION STANDARD, INC.
(Full Name of Registrant)
1225 17th Street, Suite 1800
Denver, Colorado 80202
(Address of Principal Executive Office)
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)
(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 portions thereof, will be
filed
[X] 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 Forms 10-K,
20-F, 11-K, 10-Q, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period.
The Company's officers were traveling overseas and
therefore did not have an opportunity to review the
report prior to its due date.
PART IV - Other Information
(1) Name and telephone number of person to contact in regard to
this notification.
Richard J. Hendricks (205) 591-3009
(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 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 answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operation 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?
[X] Yes [ ] No
As indicated in the Company's Form 10-Q filed
concurrently herewith, the Company suffered a loss of
approximately $6 million for the quarter ended
September 30, 1997 as opposed to a profit of
approximately $4 million for the corresponding period
in 1996. The reasons for this change are detailed in
the subject report filed concurrently herewith.
Precision Standard, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 17, 1997 By:/s/Richard J. Hendricks
Richard J. Hendricks
Vice President - Finance
(Principal Financial and
Accounting Officer)
