SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number: 000-02290
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NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 11-k [ ] Form 2-F
[ ] Form 10-Q [ ] Form N-SAR
For Period Ended:
December 31, 1997
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein
If the notification relates 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
Full name of registrant
Efficiency Lodge, Inc.
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Former name if applicable
Southern Acceptance Corporation
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Address of principal executive office (STREET AND NUMBER)
5342 Old Floyd Road
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City, State and Zip Code
Mableton, Georgia 30126
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PART II. RULE 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.)
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[x]
(a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report on Form 10-K, will be filed on or
before the 15th 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.
PART III. NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion thereof could not
be filed within the prescribed time period. (Attach extra sheets if
needed.)
The preparation of the 10-K Report has taken longer than anticipated,
and therefore, the resources reasonably available to the Registrant for
the preparation of the EDGAR filing are unable to assist the Registrant
within the time remaining for a timely filing. Consequently, the Registrant
has been unable to file its Form 10-KSB within the prescribed
time for the year ended December 31, 1997. The reasons causing the
Registrant to be unable to file timely could not be eliminated without
unreasonable effort or expense. The subject annual report will be filed
no later than the fifteenth calendar day following the prescribed due date.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
W. Ray Barnes (770) 819-0039
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(Name) (Area Code) (Telephone number)
(2) Have all other periodic reports required under Section 13 of
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
(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.
For explanation, see attached Exhibit 1.
EFFICIENCY LODGE, INC.
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(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date
March 31, 1997
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/s/ W. Ray Barnes
By W. Ray Barnes
President and Chief Executive Officer
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