U.S. 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: January 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
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:
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Part I - Registrant Information
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Full Name of Registrant National Health Enhancement Systems, Inc.
Former Name if Applicable
N/A
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Address of Principal Executive Office (Street and Number)
3200 North Central Avenue
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City, State and Zip Code Phoenix, AZ 85012
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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;
(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 fifteenth 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
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State below in reasonable detail the reasons why Form 10-K, Form 20-F, 11-K or
form N-SAR, or the transition report or portion thereof could not be filed
within the prescribed time period.
In connection with its year end closing the Company determined to reevaluate an
accounting policy and perform additional procedures in connection with the
reevaluation. As a result, the Company has not completed the preparation of its
financial statements as of and for the year ended January 31, 1996. Management
expects to complete this process and submit the Company's financial statements
by May 15, 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
Jeffrey T. Zywicki 602 230-7575
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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 if 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?
[x] Yes [ ] 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 Company believes that the results of operations for fiscal year
ended January 31, 1996 to be included in the Form 10KSB that is the subject of
this Notification will be improved from the results of operations for fiscal
year ended January 31, 1995. However, because the Company has not completed the
preparation of its 1996 statements, the Company is not in a position to state
the degree or amount of improvement.
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(Name of Registrant as specified in charter)
National Health Enhancement System, Inc.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date 4/30/96 By /s/ Jeffrey T. Zywicki
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Jeffrey T. Zywicki
Sr. Vice President, Finance
