CORFACTS INC
NT 10-K, 1999-04-02
NON-OPERATING ESTABLISHMENTS
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                          UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C.  20549

                           FORM 12b-25

                  NOTIFICATION OF LATE FILING
(Check one): [ X ]Form 10-K [   ]Form 20-F [   ]Form 11-K   [    ]Form 10-Q    
             [   ]Form N-SAR

          For Period Ended: December 31, 1998         

          [ x ] 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:                                    

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

         Corfacts, Inc.                                      
                                  
Full Name of Registrant

        Corfacts, Inc.                                                  
                                     
Former Name if Applicable

        3499 Highway Nine                                              
                                                    
Address of Principal Executive Office (Street and Number)

        Freehold NJ.   07728                                                 
                                           
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 applicable)

     (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 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    
       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 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.


More time is required than originally anticipated to gather information from
third parties regarding investments.  The company does not expect activity 
during the current year to differ from previous periods reported.
  
                                  (Attach Extra Sheets if Needed)
                                                  SEC 1344 (6/94)
PART IV - OTHER INFORMATION 

Name and telephone number of person to contact in regard to this notification

    Laryy Finkelstein          800                 696-7788                    

      (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 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.



                              Corfacts, 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:            March 30, 1999               By:       Larry Finkelstein      
                      

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 an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.


                                ATTENTION



                          GENERAL INSTRUCTIONS

1. This form is required by Rule 12b-25 (17 CFR 240,12b-25) of the General 
   Rules and Regulations under the Securities Exchange
   Act of 1934.

2. One signed original and four conformed copies of this form and amendments 
   thereto must be completed and filed with the Securities
   and Exchange Commission, Washington, D.C.  20549, in accordance with Rule 
   0-3 of the General Rules and Regulations under the
   Act.  The information contained in or filed with the form will be made a 
   matter of public record in the Commission files.

3. A manually signed copy of the form and amendments thereto shall be filed 
   with each national securities exchange on which any class
   of securities of the registrant is registered.

4. Amendments to the notifications must also be filed on form 12b-25 but need 
   not restate information that has been correctly furnished. 
   The form shall be clearly identified as an amended notification.

5. Electronic Filers.  This form shall not be used by electronic filers unable 
   to timely file a report solely due to electronic difficulties. 
   Filers unable to submit a report within the time period prescribed due to 
   difficulties in electronic filing should comply with either
   Rule 201 or Rule 202 of Regulation S-T (232.201 or 232.202 of this 
   chapter) or apply for an adjustment in filing date pursuant
   to Rule 13(b) of Regulation S-T (232.13(b) of this chapter).


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