U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[] Form 10-K [] Form 20-F [] Form 11-K [X] Form 10-Q [] Form N-SAR
For period Ended: March 30, 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: . . . . . . . . . . . . . . . . . .
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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 related 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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E-Z Serve Corporation
2550 North Loop West, Suite 600
Houston, TX 77092
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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-K, 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 fifth calendar day following the
prescribed due date; and [Amended in Release No. 34-26589)
(72,435), 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, 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 Company's form 10-Q could not be filed within the prescribed time
period due to time constraints brought on by the resolution of the
classification and disclosure of certain non-core asset sales anticipated
to be made in 1997.
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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
John Miller (713) 684-4300
.................................................................
(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 reports(s) been filed?
If the answer is no, identify reports(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.
Registrant will report an increase in revenues of approximately $7.0MM;
an increase in costs and expenses of approximately $4.8MM and a decrease in
net loss of approximately $1.4MM.
E-Z SERVE CORPORATION
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Name of Registrant as specified in charter)
has caused this modification to be signed on behalf by the undersigned
duly authorized.
Date May 15, 1997 By /s/ John T. Miller
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John T. Miller
Senior Vice President
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 than 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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ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).
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