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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
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NOTIFICATION OF LATE FILING | SEC FILE NUMBER |
| 33-35664 |
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| CUSIP NUMBER |
(Check One) | N/A |
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//Form 10-K and Form 10-KSB //Form 20-F //Form 11-K /X/Form 10-Q and
Form 10-QSB //Form N-SAR
For Period Ended: October 31, 1996
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/ / 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
/ / Money Market Fund Rule 30b3-1 Filing
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.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: N/A
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Part I - Registrant Information
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Full Name of Registrant: Equipment Leasing Corporation of America
Former Name if Applicable: N/A
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Address of Principal Executive Office (Street and Number):
Suite 76, 501 Silverside Road
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City, State & Zip Code: Wilmington, DE 19809
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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)
[|| 23,047], 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, /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
filing made by a money market fund pursuant to Rule 30b3-1, or portion
thereof will be filed on or before the fifth calendar day following the
prescribed due date, and /X/
(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 Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q, or filing made by a money market fund pursuant to Rule
30b3-1 and Form 10-QSB, N-SAR, or the transition report or portion thereof
could not be filed within the prescribed period.
The Registrant filed an amended Registration Statement on September 11,
1996. As a result of this filing , the Staff of the Division of Corporate
Finance issued comments regarding accounting issues which may impact the
financial disclosures to be contained in Form 10-Q for the three month period
ended October 31, 1996. The Registrant has responded to the comments, and is
currently awaiting resolution of these matters with the Staff. As a result,
the Registrant requires addition time for the preparation of its quarterly
report on Form 10-Q for the three months ended October 31, 1996.
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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
Kenneth S. Shapiro (610) 668-0707
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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
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(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.
Equipment Leasing Corporation Of America
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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.
Date 12/16/96 By /S/ William Shapiro
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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.
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (see 18 U.S.C. 1001).
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