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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number 33-19992-LA
CUSIP Number 635852 10 6
(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: December 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 INSTRUCTION (ON BACK PAGE) 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
National Equities Holdings, Inc.
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Full Name of Registrant
N/A
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Former Name if Applicable
616 F.M. 1960 West, Suite 200
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Address of Principal Executive Office (Street and Number)
Houston, Texas 77090
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City, State and Zip Code
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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 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 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 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 time period.
On April 5, 1993 a Form 15 was filed under Rule 12h-3(b)(1)(I) for the
Suspension of Duty to File Reports under Section 15(d). In August 1996, the
Company acquired certain assets of a private company in exchange for shares
of its common stock. A determination of the total assets as of December 31,
1996 has not yet been made; therefore, it is unclear at this time whether the
class of securities meets the eligibility requirements of Rule 12h-3(b).
Necessary filing information is being compiled in order to determine whether
to file a Form 10-K, and if so, to file a complete and accurate report.
(ATTACH EXTRA SHEETS IF NEEDED)
SEC 1344 (6/84)
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Bill S. McGowen (281) 583-1280
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(Name) (Area Code) (Telephone Number)
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(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). / / Yes /X/ No
On April 5, 1993 a Form 15 was filed under Rule 12h-3(b)(1)(I) for the
Suspension of Duty to File Reports under Section 15(d).
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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.
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NATIONAL EQUITIES HOLDINGS, 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
hereunto duly authorized.
Date April 30, 1996 By /s/ Bill S. McGowen
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Bill S. McGowen, President
