U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
(Amendment #1)
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [Fee Required]
For the fiscal year ended APRIL 30, 1996
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [Fee Required]
For the transition period from _________ to __________
Commission File Number 33-10970 N.Y.
____________IFS INTERNATIONAL, INC.___________
(Name of small business issuer in its charter)
___________DELAWARE____________ _____13-3393646____
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
RENSSELAER TECHNOLOGY PARK, 185 JORDAN RD., TROY, NY 12180
(Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code: (518)283-7900
Securities registered under Section 12(b) of the Exchange Act:
Title of each class Name of each exchange on which registered
______NONE_________ __________NONE___________
Securities registered under Section 12(g) of the Exchange Act:
__________________________________NONE_____________________________________
(Title of class)
__________________________________NONE_____________________________________
(Title of class)
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act 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____
Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-
KSB or any amendment to this Form 10-KSB. [ ]
Issuer's revenues for its most recent fiscal year.
___________$2,440,783____________________
The aggregate market value of the voting stock held by non-affiliates computed
(based on the closing bid price of the Registrant's common stock on June 30,
1996 which was $.25 per share) was approximately ____$1,559,868_____.
As of April 30, 1996, there were 10,093,612 shares of IFS International, Inc.
common stock, par value $.001 per share outstanding.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.
IFS INTERNATIONAL, INC.
(Registrant)
Date: ____________________ By: _____________________________
Frank Pascuito, Chairman of
the Board, Chief Executive
Officer, Secretary and Director
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
Date: ____________________ By: _____________________________
Charles J. Caserta,
President and Director
Date: ____________________ By: _____________________________
Arnold Wells, Director
Date: __NOVEMBER 4, 1996__ By: ___\S\ CARMEN A. PASCUITO_____
Carmen A. Pascuito, Controller
Date: ____________________ By: _____________________________
Seymour Pearlman, Director
Date: ____________________ By: _____________________________
Jerald Tishkoff, Director
Date: ____________________ By: _____________________________
Simon Theobald, Director
15
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<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-1996
<PERIOD-START> MAY-01-1995
<PERIOD-END> APR-30-1996
<CASH> 137,462
<SECURITIES> 0
<RECEIVABLES> 195,088
<ALLOWANCES> 7,900
<INVENTORY> 0
<CURRENT-ASSETS> 784,372
<PP&E> 537,756
<DEPRECIATION> 401,525
<TOTAL-ASSETS> 1,307,167
<CURRENT-LIABILITIES> 1,582,597
<BONDS> 0
<COMMON> 10,093
0
0
<OTHER-SE> (737,869)
<TOTAL-LIABILITY-AND-EQUITY> 1,307,167
<SALES> 2,440,783
<TOTAL-REVENUES> 2,442,486
<CGS> 504,761
<TOTAL-COSTS> 2,438,413
<OTHER-EXPENSES> 1,933,652
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 52,453
<INCOME-PRETAX> (48,380)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (48,380)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
