U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Notification Of Late Filing
Sec File Number
0 - 28920
CUSIP NUMBER
004317202
(Check One)
[ x] Form 10- K and Form 10-KSB [ ] Form 20-F [ ] Form 10-Q and Form 10-QSB
For Period Ended: June 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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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification
relates: Not applicable
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Part 1--Registrant Information
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Full Name of Registrant: Access Solutions International, Inc.
Former Name if Applicable
......................................................................
Address of Principal Executive Office ( Street and Name )
650 Ten Rod Road
City, State and Zip Code
North Kingstown, RI 02852
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<PAGE>
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 will be filed on or before the fifteenth
calendar day following the prescribed due date; and
[x ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached.
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Part III -Narrative
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Access Solutions International, Inc. previously announced that it had entered
into an agreement to acquire substantially all of the assets and liabilities of
PaperClip Software, Inc. On September 12, 1997, an amendment to the agreement
was signed which converted the asset purchase to a merger transaction with
PaperClip Software. Due to this event, it was necessary to revise various
sections of the 10-KSB and for the outside auditors to review the revised 10-KSB
as well as the financial statements for changes germane to the above-stated
amendment. During the course of that re-examination, additional changes were
made to the financial statements by the outside auditors. As a result, the
financial statements and disclosure sections could not be finalized by the
filing date of the 10-KSB.
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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
Denis Marchand 401 295-2691
(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 the answer is no, identify report(s).
[ x] Yes [ ] No
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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.
Access Solutions International, Inc.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: September 29, 1997 By /s/ Denis Marchand
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Denis Marchand, Financial Controller and
Chief Accounting Officer
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Access Solutions International, Inc.
Due to the revisions to the 10-KSB of Access Solutions International, Inc.
for the year ended June 30, 1997 which required our review, the audited
financial statement could not be finalized by the original required filing date
of the 10-KSB.
Price Waterhouse LLP
September 29, 1997
Boston, Massachusetts
