U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q SB/A
AMENDMENT TO REPORT
Filed pursuant to Section 12, 13, or 15(d) of the
Securities Exchange Act of 1934
TELS Corporation
(Exact name of registrant as specified in its charter)
Commission File No. 0-12993
The undersigned registrant hereby amends the following item, financial
statement, exhibit or other portion of its report dated March 31, 1999, on Form
10-QSB as set forth in the page attached hereto:
PART I, Management's Discussion and Analysis of Financial Condition and Results
of Operations, Liquidity and Capital Resources, Net Working Capital.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
TELS Corporation
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(Registrant)
Dated: May 17, 1999 By: /s/ John L. Gunter
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John L. Gunter
Chairman and CEO
Dated: May 17, 1999 By: /s/ Stephen M. Nelson
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Stephen M. Nelson
President, Treasurer
and Acting Secretary
Dated: May 17, 1999 By: /s/ Ronald A. Haller
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Ronald A. Haller
Controller
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TELS Corporation
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Liquidity and Capital Resources
As of March 31, 1999, the Company reported current assets of $1,551,706 and
current liabilities of $1,533,380, resulting in net working capital of $18,326.
This is an increase of $150,133 when compared to a net working capital deficit
of $131,807 at December 31, 1998. During the first quarter of 1999, the Company
generated $43,316 in cash from operating activities and used $38,910 and $22,183
of cash in its investing and financing activities, respectively.
