SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF
THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended June 30, 1996 File No. 0-12993
TELS Corporation
(Exact name of registrant as specified in its charter)
Utah 87-0373840
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
406 West South Jordan Parkway, Suite 250, South Jordan, Utah 84095
(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code (801) 571-1182
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
Shares of common stock outstanding on July 31, 1996 3,899,819
<PAGE>
TELS Corporation
INDEX
PART I. FINANCIAL INFORMATION Page
Consolidated Balance Sheets - June 30, 1996
and December 31, 1995 3
Consolidated Statements of Operations - Six
and Three Months Ended June 30, 1996 and
1995, respectively 4
Consolidated Statements of Cash Flows - Six
Months Ended June 30, 1996 and 1995,
respectively 5
Notes to Consolidated Financial Statements 6
Management's Discussion and Analysis of
Financial Condition and Results of Operations 7,8
PART II. OTHER INFORMATION
Item 4. Submission of Matters to a Vote of
Security Holders 9
Item 6. Exhibits and Reports on Form 8-K 9
SIGNATURES 10
<PAGE>
TELS Corporation
Signatures
Pursuant ot 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.
TELS Corporation
Dated: October 16, 1996 By: /s/ Stephen M. Nelson
Stephen M. Nelson, President
Dated: October 16, 1996 By: /s/ Deborah Walford
Deborah Walford, Controller
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF THE COMPANY AS FILED IN ITS 10-K (ITEM 7) FOR THE YEAR
ENDED DECEMBER 31, 1995 AND ITS 10-Q (ITEM 1) FOR THE QUARTER ENDED JUNE 30,
1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENT.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<CASH> 158,997
<SECURITIES> 0
<RECEIVABLES> 827,636
<ALLOWANCES> 100,894
<INVENTORY> 936,791
<CURRENT-ASSETS> 2,606,125
<PP&E> 2,256,792
<DEPRECIATION> 1,249,682
<TOTAL-ASSETS> 4,437,281
<CURRENT-LIABILITIES> 1,521,267
<BONDS> 267,840
0
0
<COMMON> 77,825
<OTHER-SE> 2,570,349
<TOTAL-LIABILITY-AND-EQUITY> 4,437,281
<SALES> 3,531,777
<TOTAL-REVENUES> 3,531,777
<CGS> 2,010,468
<TOTAL-COSTS> 3,624,098
<OTHER-EXPENSES> 35,620
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 46,553
<INCOME-PRETAX> (127,941)
<INCOME-TAX> 42,859
<INCOME-CONTINUING> (85,082)
<DISCONTINUED> (17,807)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (102,889)
<EPS-PRIMARY> (0.03)
<EPS-DILUTED> (0.03)
</TABLE>
