<SEC-DOCUMENT>0001264931-15-000127.txt : 20150401
<SEC-HEADER>0001264931-15-000127.hdr.sgml : 20150401
<ACCEPTANCE-DATETIME>20150401155940
ACCESSION NUMBER:		0001264931-15-000127
CONFORMED SUBMISSION TYPE:	NT 10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20141231
FILED AS OF DATE:		20150401
DATE AS OF CHANGE:		20150401
EFFECTIVENESS DATE:		20150401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INFORMATION SYSTEMS ASSOCIATES, INC.
		CENTRAL INDEX KEY:			0001396536
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				650493217
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-142429
		FILM NUMBER:		15743173

	BUSINESS ADDRESS:	
		STREET 1:		819 SW FEDERAL HWY
		STREET 2:		SUITE 206
		CITY:			STUART
		STATE:			FL
		ZIP:			34994
		BUSINESS PHONE:		772-403-2992

	MAIL ADDRESS:	
		STREET 1:		819 SW FEDERAL HWY
		STREET 2:		SUITE 206
		CITY:			STUART
		STATE:			FL
		ZIP:			34994
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-K
<SEQUENCE>1
<FILENAME>isa_nt10k.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B><U>UNITED
STATES</U></B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<HR SIZE="3" NOSHADE ALIGN="CENTER" STYLE="width: 16%; color: black">

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>FORM 12b-25</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>NOTIFICATION
OF LATE FILING</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<HR SIZE="3" NOSHADE ALIGN="CENTER" STYLE="width: 16%; color: black">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">(Check One): &nbsp;[X] Form 10-K
[&nbsp; ] Form 20-F [ &nbsp;] Form 11-K [&nbsp; ] Form 10-Q [ &nbsp;] Form N-SAR</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">For Period Ended: December 31, 2014</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">__________________________________________________</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">[ &nbsp;] Transition Report on Form
10-K</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">[ &nbsp;] Transition Report on Form
20-F</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">[&nbsp; ] Transition Report on Form
11-K</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">[&nbsp; ] Transition Report on Form
10-Q</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">[&nbsp; ] Transition Report on Form
N-SAR</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">For the Transitional Period Ended:
_____________________</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">Read Instruction (on back page) 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.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">If the notification relates to a
portion of the filing checked above, identify the Item(s) to which the notification relates:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">--------------------------------------------------------------------------------</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">PART I - REGISTRANT INFORMATION</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>INFORMATION SYSTEMS ASSOCIATES,
INC.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">--------------------------------------------------------------------------------</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">Full Name of Registrant</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">--------------------------------------------------------------------------------</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">Former Name if Applicable</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>6622 Southpoint Drive South, Suite
310</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">--------------------------------------------------------------------------------</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">Address of Principal Executive Office
(Street and Number)</FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; padding-bottom: 1.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>&nbsp;</B></FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>Jacksonville, FLORIDA
        32216</B></FONT></P></td>
    <td style="padding-bottom: 1.5pt"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td>
    <td><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td></tr>
</table>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">--------------------------------------------------------------------------------</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">City, State and Zip Code</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;</FONT></P>


<HR SIZE="3" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: lightgrey">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">PART II - RULES 12b-25(b) AND (c)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">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)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;| (a) &nbsp;The reasons described in reasonable detail in Part III of this form</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;| &nbsp;could not be eliminated without unreasonable effort or expense;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">[X]| (b) &nbsp;The subject annual
report, semi-annual report, transition report on</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;| &nbsp;Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;| &nbsp;filed on or before the fifteenth calendar day following the</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
| &nbsp;prescribed due date; or the subject quarterly report of transition</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;| &nbsp;report on Form 10-Q, or portion thereof will be filed on or before</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;| &nbsp;the fifth calendar day following the prescribed due date; and</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;| (c) &nbsp;The accountant's statement or other exhibit required by Rule</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;| &nbsp;12b-25(c) has been attached if applicable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">PART III - NARRATIVE</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">State below
in reasonable detail the reasons why 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.&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>INFORMATION SYSTEMS ASSOCIATES,
INC.</B> (the &ldquo;Company&rdquo;) is still awaiting third party documentation in order to properly prepare a complete and accurate
Form 10-K. The Company has been unable to receive this data in a timely manner without unreasonable effort and expenses. For the
foregoing reason, the Company requires additional time in order to prepare and file its&nbsp;annual report on Form 10-K for the&nbsp;year
ended&nbsp;December 31, 2014.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The Company
does not expect significant changes in its results from operations and earnings from the corresponding period ended&nbsp;December
31, 2013.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT> </P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">(Attach Extra Sheets if
Needed)&nbsp;</FONT> </P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">PART IV - OTHER INFORMATION</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">(1) &nbsp;Name and telephone number
of person to contact in regard to this notification.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 32%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0"><FONT STYLE="font-size: 12pt"><B></B></FONT></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #1F497D"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; color: Black"><B>Adrian
G. Goldfarb</B></FONT></P></td>
    <TD STYLE="width: 33%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: middle"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>&nbsp;</B></FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0"><FONT STYLE="font-size: 12pt"><B>904.652.1616</B></FONT></P></td>
    <TD STYLE="width: 35%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0"><FONT STYLE="font-size: 12pt"><B>Chief
        Financial Officer</B></FONT></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 12pt; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 12pt">(Name)</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 12pt; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 12pt">(Telephone
    Number)</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-size: 12pt">(Title)<B>&nbsp;</B></FONT></P></td></tr>
</table>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>&nbsp;&nbsp;</B></FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">(2)</FONT></td>
    <td style="width: 99%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">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 answer is no, identify report(s). [X] Yes [ ] No</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">&nbsp;(3)</FONT></td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">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? [ &nbsp;] Yes [X] No</FONT></td></tr>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">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.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>INFORMATION
SYSTEMS ASSOCIATES, INC.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">(Name
of Registrant as Specified in Charter)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">In accordance
with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
    <td style="width: 48%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td>
    <td style="width: 5%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td>
    <td style="width: 47%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td>
    <td colspan="2"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td>
    <td><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td>
    <td><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">Date:&nbsp;Abril 1, 2015</FONT></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">By:&nbsp;&nbsp;</FONT></td>
    <td style="font-size: 11pt; text-decoration: underline"><FONT STYLE="font-size: 12pt">/s<FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">/
    Adrian     G. Goldfarb<B> &nbsp; </B></FONT></FONT></td></tr>
<tr style="vertical-align: top">
    <td colspan="2"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></td>
    <td style="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">&nbsp;Adrian G. Goldfarb</FONT></td></tr>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">Chief  Financial Officer</TD></TR>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">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.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt">+----------------------------------ATTENTION-----------------------------------------------------+</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt">INTENTIONAL MISSTATEMENTS
OR OMISSIONS OF FACT</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt">+--------------------------------------------------------------------------------------------------------+</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt">GENERAL INSTRUCTIONS</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">1.</FONT></td>
    <td style="width: 99%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">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.</FONT></td></tr>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">2.</FONT></td>
    <td style="width: 99%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">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 public record in the Commission files.</FONT></td></tr>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">3.</FONT></td>
    <td style="width: 99%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">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.</FONT></td></tr>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">4.</FONT></td>
    <td style="width: 99%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">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 amended notification.</FONT></td></tr>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">5.</FONT></td>
    <td style="width: 99%; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 12pt">Electronic
    Filers. This form shall not be used by electronic filers unable to timely file a report solely due to electronic difficulties.
    Filers unable to submit a report within the time period prescribed due to difficulties in electronic filing should comply
    with either Rule 201 or Rule 202 of Regulation S-T ((S) 232.201 or (S) 232.202 of this chapter) or apply for an adjustment
    in filing date pursuant to Rule 13(b) of Regulation S-T ((S) 232.13(b) of this chapter).</FONT></td></tr>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
