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                     U.S. SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

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                                   FORM 12b-25

                           Notification of Late Filing


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|_| Form 10-KSB |_| Form 11-K |_| Form 20-F |X| Form 10-QSB |_| Form N-SAR


                         For Year Ended: March 31, 2005


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:
                                       N/A


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PART I - REGISTRANT INFORMATION
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                           MarketShare Recovery, Inc.
               (Exact Name of Registrant as Specified in Charter)



                               95 Broadhollow Road
                                    Suite 101
                            Melville, New York 11747
                     (Address of Principal Executive Office)





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PART II - RULES 12B-25 (B) AND (C)
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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 or semi-annual report/portion thereof will
            be filed on or before the fifteenth calendar day following the
            prescribed due date; or the subject quarterly report/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
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State below in reasonable detail the reasons why the Form 10-KSB, 11-K, 20-F,
10-QSB or N-SAR or portion thereof could not be filed within the prescribed
time:

         The Company is filing this Form 12b-25 because it was unable to
complete it's Form 10-QSB for the quarter ended March 31, 2005 on a timely basis
without unreasonable effort and expense.

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

      Joel C. Schneider, Esq.            (516) 228-8181

(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 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 statement 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 can not be made.


      MarketShare Recovery, Inc. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.


Dated:  May 16, 2005                            MARKETSHARE RECOVERY, INC.


                                                By: /s/ Raymond Barton       
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                                                    Raymond Barton, President









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                                    ATTENTION
Intentional misstatements or omissions of act constitute Federal Criminal
Violations (See 18 U.S.C. 1001).


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