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)
[ ] Form 10- K and Form 10-KSB [ ] Form 20-F [X] Form 10-Q and Form 10-QSB
For Period Ended:...............March 31, 1998
[ ] 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:..................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 Number)
.........650 Ten Rod Road............................................
City, State and Zip Code
.........North Kingstown, RI 02852...................................
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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-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 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
[ ] (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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On April 30, 1998, Access Solutions International, Inc. (the "Company")
announced the termination of its effort to raise $2 million in a private
placement offering. Since that time, the Company has been pursuing financing
alternatives to the private placement through talks with underwriters regarding
the establishment of a financing relationship and negotiations relating to
additional financing agreements with Malcolm Chace III. The Company is also
attempting to resolve accounting issues with regard to the extension of the
planned merger between the Company and PaperClip Software, Inc. These endeavors
have delayed the preparation of the financial statements and disclosure sections
and have prevented the timely filing of the Form 10-QSB.
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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....May 15, 1998 .......... By./s/ Denis Marchand......................
Denis Marchand, Corporate Controller and
Chief Accounting Officer
