U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
FOR FORM 10-K
For Period Ended Commission File No. 001-10210
March 31, 1997 CUSIP No. 301601 101
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 a filing above, identify the
Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
EXECUTIVE TELECARD, LTD.
(Full Name of Registrant)
One Blue Hill Plaza, #1650,
Pearl River, NY 10965
(Address of Principal Executive Office)
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;
(b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portions
thereof, will be filed
X 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Forms 10-K, 20-F, 11-
K, 10-Q, N-SAR, or the transition report or portion thereof, could not be
filed within the prescribed time period.
The Company encountered unanticipated difficulties in converting the
Form 10-K into EDGAR format.
PART IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Allen Mandel (303-512-1557)
(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 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 answer is
no, identify report(s).
X Yes No
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(3) Is it anticipated that any significant change in results of operation
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?
X Yes No
---- ----
The Company's results of operations for fiscal 1997, which have
already been announced in a press release by the Company, include an
increase of revenue from $30.3 million in fiscal 1996 to $34.0
million this year and a decrease in earnings from $2.8 million in
1996 to $.8 million in 1997.
Executive TeleCard, Ltd.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: June 30, 1997 By: /s/ Allen Mandel
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Allen Mandel
Executive Vice President and
Principal Financial Officer