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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
(Amendment No. 1)
/x/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 1998
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: 000-25003
REVENGE MARINE, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA 36-3051776
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
2051 NW 11TH STREET
MIAMI, FLORIDA 33125
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
(305) 643-0334
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
Indicate by 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
requirements for the past 90 days.
YES / / NO /x/
The number of issued and outstanding shares of the Registrant's Common
Stock, $0.001 par value, as of December 31, 1998 was 7,424,010.
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REVENGE MARINE, INC.
CONDENSED STATEMENTS OF CASH FLOWS
UNAUDITED
<TABLE>
<CAPTION>
SIX MONTHS ENDED DECEMBER 31, 1998 YEAR ENDED JUNE 30, 1998
<S> <C> <C>
Cash Flows From Operating Activities
Cash Received from Customers 1,612,582 101,785
Other income 15,159 15
Cash Paid for Goods and Services (2,413,725) (399,084)
Net Cash Used by Operating
Activities (785,984) (297,284)
Cash Flows From Investing Activities
Cash Acquired from Acquisition of
Subsidiaries 0 56,216
Plant and Equipment Purchase (1,658,583) (128,624)
Net Cash Used by Investing (1,658,583) (72,408)
Activities
Cash Flows From Financing Activities
Pain in Capital Withdrawn (27,214) 353,500
Proceeds from Long-Term Debt 2,358,104 147,742
Repayment of Short-Term Debt 0 (957)
Stock Receivable - Cash Received 100,000 (27,800)
Net Cash Provided by Financing
Activities 2,430,890 472,485
Net Decrease in Cash (13,667) 102,793
Cash at Beginning of Period 102,793 0
Cash at End of Period 89,116 102,793
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See accompanying notes.
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SIGNATURES
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.
Date: March 19, 1999 REVENGE MARINE, INC.
By /s/ LINDA D. RIZNICK
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Linda D. Riznick
Vice-President and Chief
Financial Officer
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