ZING TECHNOLOGIES INC
10-Q/A, 1995-03-20
ELECTRONIC PARTS & EQUIPMENT, NEC
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                                     FORM 10-Q/A

                                   Amendment No. 2

                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D. C. 20549


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
                                    -- or --

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

     EXCHANGE ACT OF 1934
                 For the quarter period ended December 31, 1994
                                              -----------------

                         Commission file number 0-14328
                                                -------
                            ZING  TECHNOLOGIES, INC.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

        NEW YORK                                      13-2650621                
- --------------------------------------------------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

                  115 Stevens Avenue, Valhalla, New York 10595
                  --------------------------------------------
                    (Address of principal executive offices)

                                   (Zip Code)

                                 (914) 747-7474
- --------------------------------------------------------------------------------
               Registrant's telephone number, including area code


                                    No Change
- --------------------------------------------------------------------------------
   (Former name, former address and former fiscal year, if changed since last
    report)

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 periods 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    
                                        ---      ---


The number of shares of common stock, $.01 par value, outstanding as of December
31, 1994 was 2,548,340.






<PAGE>





                                      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.




                                           ZING TECHNOLOGIES, INC.
                                        ----------------------------------
                                               (Registrant)






          Date:  March 20, 1995            /s/ Robert E. Schrader
                                          --------------------------------
                                          Robert E. Schrader, President and
                                          Chief Executive Officer






          Date:  March 20, 1995            /s/ Martin S. Fawer               
                                          --------------------------------
                                          Martin S. Fawer, Treasurer and
                                          Chief Financial Officer







<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-END>                               DEC-31-1994
<CASH>                                          45,000
<SECURITIES>                                 4,769,000
<RECEIVABLES>                                2,695,000
<ALLOWANCES>                                   143,000
<INVENTORY>                                  3,459,000
<CURRENT-ASSETS>                             8,255,000
<PP&E>                                       8,584,000
<DEPRECIATION>                               3,516,000
<TOTAL-ASSETS>                              19,754,000
<CURRENT-LIABILITIES>                        4,417,000
<BONDS>                                        932,000
<COMMON>                                        27,000
                                0
                                          0
<OTHER-SE>                                  13,216,000
<TOTAL-LIABILITY-AND-EQUITY>                19,754,000
<SALES>                                      6,369,000
<TOTAL-REVENUES>                             6,954,000
<CGS>                                        4,147,000
<TOTAL-COSTS>                                2,491,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                48,000
<INTEREST-EXPENSE>                              67,000
<INCOME-PRETAX>                                417,000
<INCOME-TAX>                                     6,000
<INCOME-CONTINUING>                            411,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   411,000
<EPS-PRIMARY>                                     0.16
<EPS-DILUTED>                                     0.16
        

</TABLE>


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