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, 1996
[ ] 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
The Care Group, Inc.
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Full Name of Registrant
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Former Name if Applicable
One Hollow Lane
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Address of Principal Executive Office (Street and Number)
Lake Success, New York 11042
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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)
(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.
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PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The registrant is unable to file its Annual Report on Form 10-K within
the prescribed time period due to internal administrative
difficulties, which prevented the registrant from completing the
preparation of its financial statements without unreasonable effort or
expense.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Brian Hoffmann, Esq. 212 547-5427
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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 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.
For the year ended December 31, 1996, the financial
statements of the registrant will reflect several differneces
as compared to the financial statements for the year ended
December 31, 1995, including a net loss of ($9,952,000), a
reduction in net revenues of $4,444,000, an increase in
account receivable reserves and bad debt expense totalling
$8,460,000, a write-down of goodwill and certain other assets
of $2,975,000 and a write-off of inventory and equipment of
$865,000.
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SIGNATURES
The Care Group, Inc. has caused this notification to be signed on its
behalf by the undersigned hereunto duly authorized.
THE CARE GROUP, INC.
Date: March 28, 1997 By: /s/ Pat Celli
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Name: Pat Celli
Title: Chief Financial Officer
and Treasurer
