SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549


                                   FORM 12b-25



                                               COMMISSION FILE NUMBER: 000-16011



                           NOTIFICATION OF LATE FILING


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

For Period Ended: September 30, 2001

[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K

For the Transition Period Ended:
                                ----------------------------

         Read attached instruction 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.

         If the notification related to a portion of the filing checked above,
identify the Item(s) to which the notification relates:


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                                     PART I
                             REGISTRANT INFORMATION


Full name of registrant         UST Liquidating Corporation

Former name if applicable       USTMAN Technologies, Inc.

Address of principal executive office (Street and number)

                                645 Fifth Avenue

City, state and zip code        New York, New York  10002




                                     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 appropriate box)


[ ]      (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, semi-annual report, transition report on
         Form 10-K, Form 20-F, Form 11-K or 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
         12-b-25(c) has been attached if applicable.







                                    PART III
                                    NARRATIVE


         State below in reasonable detail the reasons why Forms 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)

         The Company no longer has on-going business operations, and due to
limited personnel resources, the Registrant requires additional time to properly
complete and file its Form 10-QSB for the quarter ended September 30, 2001. For
the reason set forth above, the Registrant cannot timely file its Quarterly
Report on Form 10-QSB without unreasonable effort or expense. The Registrant
intends to file its Form 10-QSB no later than the fifth day after the due date
of the Form 10-QSB.




                                     PART IV
                                OTHER INFORMATION


         (1) Name and telephone number of person to contact in regard to this
notification.

                Marc Weisman                 212                 848-0276
             -------------------------------------------------------------------
                  (Name)                  (Area Code)        (Telephone Number)

         (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 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

         (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?

                                 [X] Yes [ ] 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.

         There will be a significant change in results of operations from the
corresponding period for the last fiscal year as a consequence of the Company's
having sold substantially all of its assets, including its operating assets, to
the Veeder-Root Corporation in September, 2000. As a consequence, the Company's
results of operations, as reflected in the earnings statement, will be minimal.






                           UST LIQUIDATING CORPORATION
           ----------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date:    November 14, 2001               By: /s/ Marc Weisman
                                            ------------------------------------
                                            Marc Weisman
                                            Executive Vice President



         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 violations (see 18 U.S.C. 1001).

                              GENERAL INSTRUCTIONS


         1. This form is required by Rule 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, DC 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 not been correctly furnished. The form
shall be clearly identified as an amended notification.

         5. 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
Regulations S-T or apply for an adjustment in filing date pursuant to Rule 13(b)
of Regulations S-T.