TRANSNET CORP
NT 10-K, 1996-09-30
COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE
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                            U.S SECURITIES AND EXCHANGE COMMISSION
                                    WASHINGTON, D.C. 20549

                                 NOTIFICATION OF LATE FILING

                                          FORM 12b-25

Sec. File Number      0-8693                     Cusip Number __________________

                                          [Check One]
 [ X ] Form  10-K [ ] Form  20-F [ ] Form  11-K [ ]Form  10-Q [ ] Form N-SAR

                      For the Period Ended:      June 30, 1996

                      [ ] 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_____________________________ Read Instructions [on back
                   page] Before Preparing Form.
                                     Please Print or Type
          Nothing in this form  shall be  constructed  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:
- --------------------------------------------------------------------------------

PART I - REGISTRANT INFORMATION
Full Name of Registrant          TRANSNET CORPORATION
Former Name if Applicable
Address of Principal Executive Office [Street and Number]
45 COLUMBIA ROAD
City, State and Zip Code SOMERVILLE,  NEW JERSEY 08876 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 expenses;
[           X ] [b] The subject annual report,  semi-annual  report,  transition
            report on Form 10-K,  Form 2-F,  Form 11-K,  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
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K, 10-Q
or N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed  time period.  The Company has  experienced a delay in assembling
data for the financial statements.

PART IV - OTHER INFORMATION
        [1]  Name and telephone number of person to contact in regard to this
          notification

      Steven J. Wilk                     (908)                     253-0500
         [Name]                        [Area Code]            [Telephone No.]

        [2] Have all other periodic  reports  required under Section 13 or 15[d]
            of the  Securities  and  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][ 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.
                                     TRANSNET CORPORATION
                         [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 27, 1996              By /s/ Steven J. Wilk
        ------------------------------------------        ------------------
                                                            Steven J. Wilk
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.

                                          ATTENTION
                  Intentional misstatements or omissions of fact constitute
                       Federal Criminal Violation [See 18 U.S.C. 1001]

                                     GENERAL INSTRUCTIONS

1. This form is required by Rule 12b-25 [17 CFR 240.12b-25] of the General Rules
   and Regulations under the Securities Exchange Act of 1934.

2. One signed  original and four  conformed  copies of this form and  amendments
   thereto  must be  completed  and  filed  with  the  Securities  and  Exchange
   Commission,  Washington,  D.C.  20549,  in  accordance  with  Rule 0-3 of the
   General Rules and Regulations under the Act. The information  contained in or
   filed  with  the form  will be made a  matter  of the  public  record  in the
   Commission files.

3. A manually signed copy of the form and amendments thereto shall be filed with
   each  national  securities  exchange on which any class of  securities of the
   registrant is registered.

4  Amendments to the notifications  must also be filed on form 12b-25,  but need
   not restate information that has been correctly furnished.  The form shall be
   clearly identified as an amendment notification.



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