<PAGE> 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the quarterly period ended April 30, 1997
or
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the transition period from ________ to _________
Commission File Number 1-12119
AMERICAN CRAFT BREWING INTERNATIONAL LIMITED
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Bermuda 72-1323940
- ------------------------------ ------------------------------------
State or other jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or organization
One Galleria Boulevard, Suite 1714, Metairie, Louisiana 70001
- ------------------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (504) 849-2739
Indicate by a check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
--- ---
Number of shares of common stock outstanding
At June 16, 1997: 3,696,876
<PAGE> 2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
AMERICAN CRAFT BREWING
INTERNATIONAL LIMITED
Date: June 17, 1997 /s/ James L. Ake
---------------------------------------
James L. Ake
Executive Vice President,
Chief Operating Officer
and Secretary
/s/ Nancy R. Hernandez
---------------------------------------
Nancy R. Hernandez
Controller
<PAGE> 3
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
------- -----------
27.0 - Amended Financial Data Schedule.*
*filed herewith
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS AMENDED FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL
INFORMATION EXTRACTED FROM THE COMPANY'S CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED APRIL 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS. THIS AMENDED FINANCIAL DATA SCHEDULE
REPLACES THE SCHEDULE FILED AS AN EXHIBIT TO THE COMPANY'S FORM 10-Q FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 16, 1997.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1997
<CASH> 2,432,071
<SECURITIES> 0
<RECEIVABLES> 167,299
<ALLOWANCES> 1,500
<INVENTORY> 173,528
<CURRENT-ASSETS> 3,067,717
<PP&E> 2,330,337
<DEPRECIATION> 138,401
<TOTAL-ASSETS> 6,374,276
<CURRENT-LIABILITIES> 282,784
<BONDS> 0
0
0
<COMMON> 36,969
<OTHER-SE> 5,638,535
<TOTAL-LIABILITY-AND-EQUITY> 6,374,276
<SALES> 333,401
<TOTAL-REVENUES> 333,401
<CGS> 217,780
<TOTAL-COSTS> 1,362,566
<OTHER-EXPENSES> 68,548
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (32,092)
<INCOME-PRETAX> (1,065,621)
<INCOME-TAX> (24,037)
<INCOME-CONTINUING> (1,041,584)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,022,355)
<EPS-PRIMARY> (0.28)
<EPS-DILUTED> 0.00
</TABLE>
