United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 10-QSB/A
(Amendment #1)
(X) QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934.
For the Quarterly Period ended July 31, 1996
or
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934.
Commission File Number: 33-10970 NY
IFS International, Inc.
(Exact name of small business issuer as specified in its charter)
Delaware 13-3393646
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
185 Jordan Road
Troy, NY 12180
(Address of principal executive offices, including zip code)
(518) 283-7900
(Registrant's telephone number, including area code)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Securities Exchange during the past 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 ___
Indicate the number of shares outstanding of each of the issuer's classes
of common stock as of the latest practicable date.
Common Stock, .001 par value,
10,597,295 shares outstanding as of September 19, 1996
<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.
Date: November 4, 1996 IFS International, Inc.
By:
\s\ Charles J. Caserta
_____________________________
Charles J. Caserta
President and Director
By:
_____________________________
Frank Pascuito
Chairman of the Board and Director
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<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-START> MAY-01-1996
<PERIOD-END> JUL-31-1996
<CASH> 176,797
<SECURITIES> 0
<RECEIVABLES> 149,291
<ALLOWANCES> 7,900
<INVENTORY> 0
<CURRENT-ASSETS> 746,924
<PP&E> 556,631
<DEPRECIATION> 414,490
<TOTAL-ASSETS> 1,277,700
<CURRENT-LIABILITIES> 1,503,901
<BONDS> 0
<COMMON> 10,597
0
0
<OTHER-SE> (681,245)
<TOTAL-LIABILITY-AND-EQUITY> 1,277,700
<SALES> 609,252
<TOTAL-REVENUES> 610,989
<CGS> 126,625
<TOTAL-COSTS> 589,160
<OTHER-EXPENSES> 462,535
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 12,661
<INCOME-PRETAX> 20,092
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 20,092
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
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