<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED AUGUST 31, 1995
[ ] TRANSITIONAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission file number 2-86149
SELVAC CORPORATION
(Exact name of small business issuer as specified in its charter)
Delaware 22-2408186
(State or other jurisdiction (I.R.S. Employer
of incorporation or Identification No.)
organization)
221 Boston Post Road
Marlboro, Massachusetts 01752
(Address of principal executive offices) (Zip Code)
Issuer's telephone number (508) 481-9495
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 and (2) has been subject
to such filing requirements for the past 90 days. Yes X No ___
The number of shares outstanding of each of the issuer's classes of common
stock, as of September 22, 1995
13,781,526 shares of Common Stock, $.01 par value
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SELVAC CORPORATION
Index
PAGE
PART I. FINANCIAL INFORMATION:
Item 1. Financial Statements:
Condensed consolidated balance sheet as
of August 31, 1995 3
Condensed consolidated statements of
operations for the three months ended
August 31, 1995 and 1994 4
Condensed consolidated statements of
cash flows for the three months ended
August 31, 1995 and 1994 5
Notes to condensed consolidated financial
statements 6
Item 2. Management's discussion and analysis of
financial condition and results of operations 7-8
PART II. OTHER INFORMATION 9
Signature 10
Exhibit 11 Statement Re: Computation of net income
per common share 11-12
Exhibit 27 Financial Data Schedule 13
* * * *
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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.
SELVAC CORPORATION
DATE: November 22, 1995 BY: (s) Allan Borkowski
___________________ ___________________________
Allan Borkowski
Chairman of the Board and
Chief Financial Officer
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<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE BALANCE SHEET AND INCOME STATEMENT INCLUDED IN PART I, ITEM 1 OF
THE REGISTRANT'S QUARTERLY REPORT ON FORM 10-QSB FOR THE PERIOD ENDED
AUGUST 31, 1995, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> AUG-31-1995
<CASH> 993,905
<SECURITIES> 0
<RECEIVABLES> 643,128
<ALLOWANCES> 166,855
<INVENTORY> 651,543
<CURRENT-ASSETS> 2,283,493
<PP&E> 746,819
<DEPRECIATION> 647,315
<TOTAL-ASSETS> 3,633,187
<CURRENT-LIABILITIES> 277,284
<BONDS> 0
<COMMON> 162,565
0
485,000
<OTHER-SE> 2,708,338
<TOTAL-LIABILITY-AND-EQUITY> 3,633,187
<SALES> 751,234
<TOTAL-REVENUES> 784,065
<CGS> 412,388
<TOTAL-COSTS> 412,388
<OTHER-EXPENSES> 212,481
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 159,196
<INCOME-TAX> 0
<INCOME-CONTINUING> 159,196
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 159,196
<EPS-PRIMARY> .01
<EPS-DILUTED> .01
</TABLE>
