UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q
(X) QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended June 30, 1996
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 0-12293
CANISCO RESOURCES, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 54-0952207
(State of Incorporation) (IRS Employer Identification No.)
300 Delaware Ave. Suite 714, Wilmington, DE 19801
(Address of Principal Executive Offices) (Zip Code)
(302) 777-5050
(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 filing
requirements for the past 90 days. Yes (X) No ( )
Common Stock, par value $.0025 per share 2,169,190 shares
outstanding as of June 30, 1996.
PART II ITEM 6 EXHIBITS AND REPORTS ON FORM 8-K
Exhibit 27 Financial Data Schedule for the Three Month Period
Ended June 30, 1996.
SIGNATURES
Date: August 12, 1996 CANISCO RESOURCES, INC.
/s/ Ralph A. Trallo
President and CEO
/s/ Michael J. Olson
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
CANISCO RESOURCES, INC.'S FORM 10Q FOR THE PERIOD ENDED JUNE 30, 1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> JUN-30-1996
<CASH> 200,397
<SECURITIES> 0
<RECEIVABLES> 13,325,829
<ALLOWANCES> 768,284
<INVENTORY> 336,204
<CURRENT-ASSETS> 17,706,257
<PP&E> 5,156,637
<DEPRECIATION> 1,269,487
<TOTAL-ASSETS> 22,800,407
<CURRENT-LIABILITIES> 14,337,559
<BONDS> 6,196,617
0
0
<COMMON> 6,190
<OTHER-SE> 2,260,041
<TOTAL-LIABILITY-AND-EQUITY> 22,800,407
<SALES> 12,262,864
<TOTAL-REVENUES> 12,262,864
<CGS> 10,010,139
<TOTAL-COSTS> 1,912,011
<OTHER-EXPENSES> (112,512)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 234,046
<INCOME-PRETAX> 219,180
<INCOME-TAX> 87,672
<INCOME-CONTINUING> 131,508
<DISCONTINUED> (13,173)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 118,335
<EPS-PRIMARY> .05
<EPS-DILUTED> .05
</TABLE>
