SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                  SCHEDULE 13G
                                 (RULE 13D-102)


             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13D-1(B), (C), AND (D) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13D-2(B)


                           (Amendment No. _________)*


                      NON-INVASIVE MONITORING SYSTEMS, INC.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                          Common Stock, $0.01 par value
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    655366508
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                                 October 3, 2006
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [ ]            Rule 13d-1(b)
     [X}            Rule 13d-1(c)
     [ ]            Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).







-------------------                                                                  ---------------------------------
CUSIP NO. 655366508                                   13G                                     PAGE 2 OF 6 PAGES
-------------------                                                                  ---------------------------------

----------------------------------------------------------------------------------------------------------------------
1         NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

                   Richard J. Rosenstock
----------------------------------------------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)                        (a) [ ]
                                                                                                     (b) [ ]

----------------------------------------------------------------------------------------------------------------------
3         SEC USE ONLY


----------------------------------------------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

                   United States
----------------------------------------------------------------------------------------------------------------------
                           5      SOLE VOTING POWER

                                           3,500,000 Shares
NUMBER OF                  -------------------------------------------------------------------------------------------
SHARES
BENEFICIALLY               6      SHARED VOTING POWER
OWNED BY
EACH                                       0 Shares
REPORTING                  -------------------------------------------------------------------------------------------
PERSON                     7      SOLE DISPOSITIVE POWER
WITH
                                           3,500,000 Shares
                           -------------------------------------------------------------------------------------------
                           8      SHARED DISPOSITIVE POWER

                                           0 Shares
----------------------------------------------------------------------------------------------------------------------
9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                   3,500,000 Shares
----------------------------------------------------------------------------------------------------------------------
10        CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)        [ ]


----------------------------------------------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                   6.83%
----------------------------------------------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

          IN
----------------------------------------------------------------------------------------------------------------------

                                        *SEE INSTRUCTIONS BEFORE FILLING OUT!





-------------------                                            -----------------
CUSIP NO. 655366508                    13G                     PAGE 3 OF 6 PAGES
-------------------                                            -----------------


ITEM 1(A).        NAME OF ISSUER:

                  Non-Invasive Monitoring Systems, Inc.
                  --------------------------------------------------------------

ITEM 1(B.)        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  1666 Kennedy Causeway Avenue, Suite 308, North Bay Village
                  Florida 33141
                  --------------------------------------------------------------

ITEM 2(A).        NAME OF PERSONS FILING:

                  Richard J. Rosenstock
                  --------------------------------------------------------------

ITEM 2(B).        ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

                  The business address of Mr. Rosenstock is 538 Broadhollow
                  Road, Melville, New York 11747
                  --------------------------------------------------------------

ITEM 2(C).        CITIZENSHIP:

                  Mr. Rosenstock is a United States citizen
                  --------------------------------------------------------------

ITEM 2(D).        TITLE OF CLASS OF SECURITIES:

                  Common Stock, par value $.01 per share
                  --------------------------------------------------------------

ITEM 2(E).        CUSIP NUMBER:

                  655366508
                  --------------------------------------------------------------


ITEM 3.           IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
                  13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:

       (a)  [ ]   Broker or dealer registered under Section 15 of the Exchange
                  Act;
       (b)  [ ]   Bank as defined in Section 3(a)(6) of the Exchange Act;
       (c)  [ ]   Insurance company as defined in Section 3(a)(19) of the
                  Exchange Act;
       (d)  [ ]   Investment company registered under Section 8 of the
                  Investment Company Act;
       (e)  [ ]   An investment adviser in accordance with Rule 13d-1(b)(ii)(E);
       (f)  [ ]   An employee benefit plan or endowment fund in accordance with
                  Rule 13d-1(b)(1)(ii)(F);
       (g)  [ ]   A parent holding company or control person in accordance with
                  Rule 13d-1(b)(ii)(G)
       (h)  [ ]   A savings association as defined in Section 3(b) of the
                  Federal Deposit Insurance Act;
       (i)  [ ]   9 A church plan that is excluded from the definition of an
                  investment company under Section 3(c)(14) of the Investment
                  Company Act;
       (j)  [ ]   9 Group, in accordance with Rule 13d-1(b)(1)(ii)(J).




-------------------                                            -----------------
CUSIP NO. 655366508                    13G                     PAGE 4 OF 6 PAGES
-------------------                                            -----------------

ITEM 4.      OWNERSHIP

             Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item 1.

         (a) Amount beneficially owned:

                  Mr. Rosenstock beneficially owns 3,500,000 shares of Common
Stock, of which:

                  (i)   3,200,000 shares are owned directly by Mr. Rosenstock;
                        and

                  (ii)  300,000 shares are owned by Encore Atlantic Fund, LLC,
                        of which Mr. Rosenstock is the managing  partner.

         (b) Percent of Class:

                  6.83%

         (c) Number of shares as to which such person has:

                  (i)   Sole power to vote or to direct the vote:
                        3,500,000 shares of common stock

                  (ii)  Shared power to vote or to direct the vote:
                        0 shares of common stock

                  (iii) Sole power to dispose or to direct the disposition of:
                        3,500,000 shares of common stock

                  (iv)  Shared power to dispose or to direct the disposition of:
                        0 shares of common stock

         Instruction: For computations regarding securities which represent a
right to acquire an underlying security see Rule 13d-3(d)(1).

ITEM 5.      OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

             If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following: [ ]

ITEM 6.      OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

             None.

ITEM 7.      IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
             THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
             CONTROL PERSON.

             None.

ITEM 8.      IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

             None.

ITEM 9.      NOTICE OF DISSOLUTION OF GROUP.

             None.



-------------------                                            -----------------
CUSIP NO. 655366508                    13G                     PAGE 5 OF 6 PAGES
-------------------                                            -----------------

ITEM 10.     CERTIFICATIONS.

             By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.




-------------------                                            -----------------
CUSIP NO. 655366508                    13G                     PAGE 6 OF 6 PAGES
-------------------                                            -----------------


                                    SIGNATURE


             After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.


Dated:  October 31, 2006

                                                    /s/ Richard J. Rosenstock
                                                    ----------------------------
                                                        Richard J. Rosenstock