SECURITIES & EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Notification of Late Filing
CORFACTS, INC.
Commission File Number 0-17394
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(Check one) Form 10-K and Form 10-KSB Form 11-K Form 20-F
X Form 10-Q and Form 10-QSB Form N-SAR
___
For the period ended March 31, 1997
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Transition Report on Form 10-K and Form 10-KSB
Transition Report on Form 20-F
Transition Report on Form 11-K
Transition Report on Form 10-Q and Form 10-QSB
Transition Report on Form N-SAR
For the transition period ended _________
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 CORFACTS, INC.
______________
Former name, if applicable______________________
41 East Main Street, Freehold, NJ 07728
________________________________________
Address of principal executive office
PART II
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)
___ (a) The reasons described in 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 10-KSB, 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, 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 if applicable.
PART III
NARRATIVE
Additional time was required to consolidate the newly acquired subsidiary
for the completion of the year end financial statement for the period
ended December 31, 1996. Sufficient time is now required to finalize the
quarter relating to the consolidation of this acquisition.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Trudy Katz (908)780-1188
______________________________
(2) Have all other periodic reports required under Section 13 or 15(d) or
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. 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
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.
Explanation:
Significant changes will be reflected due to the volume of the newly
acquired subsidiary.
CORFACTS, INC.
______________________________________________
Name of Registrant as Specified in its Charter
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 15, 1997 By: /s/ Larry Finkelstein
____________ _____________________
President and CEO
