U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commision File Number 0-16007
NOTIFICATION OF LATE FILING
[ ] Form 10-K [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended: July 28, 1997
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[ ] 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:
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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:
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Part I - Registrant Information
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Full Name of Registrant: The Village Green Bookstore, Inc.
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Former Name if Applicable: N/A
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1357 Monroe Avenue
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Address of Principal Executive Office (Street and Number)
Rochester, New York 14618
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City, State and Zip Code
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Part II - Rules 12b-25(b) and (c)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b) [Paragraph 23,047],
the following should be completed. (Check box, if appropriate)
[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, 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 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 [Amended in Release No. 34-26589
(Paragraph 72,435), effective April 12, 1989, 54 F.R. 10306.]
[ ] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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Part III - Narrative
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State below in reasonable detail the reasons why the Form 1O-KSB, 20-F, 11-K,
10-Q, N- SAR, or the transition report or portion thereof could not be filed
within the prescribed time period. [Amended in Release No. 34-26589 (Paragraph
72,435), effective April 12, 1989, 54 F.R. 10306.]
See Exhibit I
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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:
Raymond C. Sparks 716 442-1151
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(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).
[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.
The Village Green Bookstore, Inc.
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(Name of Registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
THE VILLAGE GREEN BOOKSTORE,
INC.
Date: September 16, 1997 By: /s/ Raymond C. Sparks
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Raymond C. Sparks, Chief Executive
Officer and Chief Financial Officer
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Exhibit I
The Registrant recently initiated an inventory reduction sale at two of its
locations. The Registrant's underperforming Buffalo and Perinton stores are
expected to close after the sale is completed. Upon the closing of the Buffalo
and Perinton stores, the Registrant's stores located in Monroe Avenue in
Rochester, N.Y. and in Doylestown, P.A. will remain open.
Mr. Raymond C. Sparks, one of the Registrant's four directors, is the only
executive officer of the Registrant, and accordingly, management's ability to
respond to multiple significant corporate events such as the inventory reduction
sale, preparation for the closing of two of the Registrant's stores and the
filing of a Quarterly Report on Form 10-QSB is limited. As such, the Registrant
could not file its Annual Report on Form 10-QSB on a timely basis without
unreasonable effort or expense.
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