ASTREX INC
NT 10-K, 1997-06-30
ELECTRONIC PARTS & EQUIPMENT, NEC
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                 U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 12B-25

                           NOTIFICATION OF LATE FILING

                                                           SEC FILE NUMBER
                                                           1-4530

                                                           CUSIP NUMBER
                                                           046357 20 8
(CHECK ONE):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K 
[ ] Form 10-Q and Form 10-QSB 
[ ] Form N-SAR

         For Period Ended: March 31, 1997  
                           --------------
         [ ] 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
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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:

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PART I - REGISTRANT INFORMATION
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         Full Name of Registrant
         Former Name if Applicable
                                  ASTREX, INC.

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         Address of Principal Executive Office (STREET AND NUMBER)

                               205 EXPRESS STREET
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                               PLAINVIEW NY 11803
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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), 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 option
                thereof  will be filed on or before the  fifteenth  calendar day
                following the  prescribed  due date; and (Amended in Release No.
                34-26589, 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 Form 10-K and Form  10-KSB,
20-F,  11-K, 10-Q and Form 10-QSB,  N-SAR,  or the transition  report or portion
thereof could not be filed within the prescribed period.

Due to a member  of the  Board  (also  in-house  counsel),  being  ill,  and the
re-negotiating  of a new  bank  line  which  should  be  incorporated  into  the
footnotes of the Form 10-KSB.


                                                 (Attach Extra Sheets if Needed)
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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,

               Irene Marcic             516               433-1700  ext. 204

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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

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               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.




                                  Astrex, 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.

Date :   June 27, 1997     By :   Irene Marcic,  Secretary
         -------------            ------------------------

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 that 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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