<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB
[x] Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
[ ] Transition Report Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
For the quarter ended March 31, 1996
Commission file number 0-5567
Seal Fleet, Inc.
(Exact name of registrant as specified in its charter)
Nevada 74-1670096
(State of Incorporation) (IRS Employer ID No.)
3305 Avenue S
Galveston, Texas 77550
(Address of principal executive offices)
(409)-763-8878
(issuer's telephone number)
Indicate by check mark whether the registrant (1) 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 ( )
Class A common stock, par value $.10 per share, 1,984,627 shares
outstanding as of May 10, 1996.
Class B common stock, par value $.10 per share, 50,000 shares
outstanding as of May 10, 1996.
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Item 6. Exhibits and Reports on Form 8-K.
(a) Exhibits. EX-27 Financial Data Schedule
(b) Reports on Form 8-K. None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Company has duly caused this Report to be signed on its
behalf by the undersigned thereunto duly authorized.
SEAL FLEET, INC.
May 15, 1996 (Registrant)
(Date)
Trinidad C. Salinas
(Signature)
Financial Vice President
Chief Financial Officer
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<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
3/31/96 FORM 10QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS OF SEAL FLEET, INC. THIS IS AN AMENDMENT
TO FORM 10QSB FOR PERIOD 3/31/96.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> 1
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<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<EXCHANGE-RATE> 1.00
<CASH> 1,503
<SECURITIES> 0
<RECEIVABLES> 5,724
<ALLOWANCES> 0
<INVENTORY> 65
<CURRENT-ASSETS> 8,089
<PP&E> 10,255
<DEPRECIATION> 7,633
<TOTAL-ASSETS> 11,257
<CURRENT-LIABILITIES> 13,111
<BONDS> 0
0
0
<COMMON> 248
<OTHER-SE> (3,768)
<TOTAL-LIABILITY-AND-EQUITY> 11,257
<SALES> 1,771
<TOTAL-REVENUES> 1,771
<CGS> 0
<TOTAL-COSTS> 1,482
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 188
<INCOME-PRETAX> 101
<INCOME-TAX> 0
<INCOME-CONTINUING> 101
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 101
<EPS-PRIMARY> .05
<EPS-DILUTED> .05
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