UNITED STATES 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: December 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
For the Transition Period Ended:
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
WALL STREET FINANCIAL CORPORATION
Full Name of Registrant
Former Name if Applicable
1088 BISHOP STREET, SUITE 202
Address of Principal Executive Office (Street and Number)
HONOLULU, HAWAII 96813
City, State and Zip Code
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)
[ ] (a) The reasons described in reasonable detail in Part III of this form
could not be without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K, Form N-SAR, or portions therof, 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 statements or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
PART II - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)
The annual audit is being performed outside the United States in the country of
the operational subsidiaries and there have been unforseen delays in obtaining
information critical to the completion of the audit which is in progress and
nearing completion at this time.
PART IV- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Gail Kitaji (808) 526-3999 (U.S.)
(Name) Area Code) (Telephone Number)
for the period from now until the time of filing: (Belize) 011-501-273-227
(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 reports) been filed? If 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
of the results cannot be made.
The Registrant's subsidiary operational entities are in the process of
start-up of operations in 1997, whereas they were not operational in 1996
in comparable periods.
The anticipated net profit for 1997 is estimated at approxiately $10,000.
Wall Street Financial Corporation. has caused this notification to be signed on
its behalf by the undersigned hereunto duly authorized.
Date: March 30, 1998 By: /s/ Gail Kitaji
Gail Kitaji, Treasurer
