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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
[X] Form 10-K and 10-KSB
[ ] Form 20-F
[ ] Form 11-K Form 10-Q and 10-QSB
[ ] Form N-SAR
For Period Ended: December 31, 1996
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Nothing in this form shall be construed to imply the Commission has
verified any information contained herein.
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PART I REGISTRANT INFORMATION
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Full Name of Registrant: FIRST PRIORITY GROUP, INC.
270 Duffy Avenue
(Address of Principal Executive Office)
Hicksville, New York 11801
(City, State and Zip Code)
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PART II RULES 12B-25(B) AND (C)
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(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 report on Form 10-KSB will be filed on or before
the fifteenth calendar day following the prescribed due
date.
(c) Not applicable.
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PART III NARRATIVE
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The Registrant has been unable to complete and file, when originally due, the
Annual Report on Form 10-KSB as a result of delays in completing the audit and
the financial statements that were caused by the excessive workload of the
accounting function due to the Registrant's recent growth.
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PART IV OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification
Lawrence A. Muenz (516) 242-7348
(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 shorter period that
the registrant was required to file such report(s) been filed?
If the answer is no, identify report(s).
[X] Yes [ ] 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
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.
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FIRST PRIORITY GROUP, INC.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 31, 1997 By: /s/ Barry Siegel
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Name: Barry Siegel
Title: Co-Chairman of the Board,
Secretary and Treasurer
