SECURITIES & EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                           Notification of Late Filing

                            PAPERCLIP SOFTWARE, INC.


(Check one)

[ ] Form 10-K and Form 10-KSB         [ ] Form 11-K         [ ] Form 20-F
[X] Form 10-Q and Form 10-QSB         [ ] Form N-SAR        [ ] Form N-CSR

                     For the period ended: December 31, 2006


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


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:


                                     PART I

                             REGISTRANT INFORMATION

                            PAPERCLIP SOFTWARE, INC.
                            Full name of Registrant


                       Jilin Dongsheng Weiye Science and
                        Technology Development Co., Ltd.
                         Jifeng East Road, Jilin China

              c/o American Union Securities 100 Wall St. 15th Floor
           Address of Principal Executive Office (Street and Number)

                               New York, NY 10005
                            City, State and Zip Code

                                  212-232-0120
                           (Issuer's telephone number)



                       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;

[x](b)    The subject annual report,  semi-annual  report,  transition report on
          Form 10-K, Form 20-F, 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 of 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

PAPERCLIP  SOFTWARE,  Inc. is unable to file its Quarterly Report on Form 10-QSB
within the required time because there was a delay in completing the adjustments
necessary to close its books for the quarter.

                                     PART IV
                                OTHER INFORMATION

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

     Peter D. Zhou                   212                  232-0120 x230
        (Name)                   (Area Code)           (Telephone Number)

(2) Have all other  periodic  reports  required under Section 13 or 15(d) or 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.

                                 Yes [X] 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.

                                 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 cannot be made.



                            PAPERCLIP SOFTWARE, INC.
                        ---------------------------------
                  Name of Registrant as Specified in its Charter


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

Date: February 14, 2007                  By: /s/ Aidong Yu
                                         --------------------
                                         Aidong Yu
                                         Chief Executive Officer