NOTIFICATION OF LATE FILING
FORM 10-QSB
For Period Ended September 30, 1997
PART I -- REGISTRANT INFORMATION
Full Name of Registrant
Paradigm Medical Industries, Inc.
Address of Principal Executive Office (Street and Number)
1772 West 2300 South, Salt Lake City, Utah 84119
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 12(b)-25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K,
11-K, 10-Q, N-SAR or the transition report or portion thereof,
could not be filed within the prescribed time period.
The Company recently amended and revised its Form 10-QSB reports
for the periods ended March 31, 1997 and June 30, 1997 as well as
its transition report on Form 10-QSB for the period ended
December 31, 1996. Due to the complexities of revisions to the
financial information in those reports and corresponding changes
in the accounting procedures, the Company's third quarter
financials for the September 30, 1997 Form 10-QSB cannot
be completed within the required time period.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Randall A. Mackey (801) 575-5000
- -----(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) been filed? If answer is no, identify
report(s).
Yes.
(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?
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.
No.
Paradigm Medical Industries, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: ________________________ By: Randall A. Mackey
Secretary
NOT-N14G.PMI
