<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (FEE REQUIRED)
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1996
or
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (No Fee Required)
For the transition period from _______________to________________.
COMMISSION FILE NUMBER 0-17945
INTERNATIONAL META SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 33-0146747
(State or other jurisdiction of I.R.S. Employer
incorporation or organization) Identification Number
100 N. SEPULVEDA BLVD., SUITE 601, EL SEGUNDO, CA 90245
Registrant's telephone number, including area code: (310) 524-9300
Securities to be registered pursuant to Section 12(b) of the Act: NONE
Securities to be registered pursuant to Section 12(g) of the Act: COMMON STOCK
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 wasrequired 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 pursuant to Item 405 of
Regulation 8-SB not contained in this form and no disclosure will be
contained to the best of the 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. / /
Registrant's total revenues for the fiscal year ended December 31, 1996:
$575,075.90.
The number of shares outstanding of the issuer's common stock as of March
10,1997 was 37,497,100. The aggregate market value of the 21,279,471 shares
of the Company's Common Stock held by non-affiliates was approximately
$37,239,074 as of March 10, 1997.
1
<PAGE>
BOARD OF DIRECTORS
/s/ George W. Smith
- --------------------------------
By: George W. Smith, Director
- --------------------------------
Masahiro Tsuchiya, Director
/s/ Martin Albert
- --------------------------------
By: Martin Albert, Director
/s/ Philip Neches
- --------------------------------
By: Philip Neches, Director
/s/ Sigmund Hartmann
- --------------------------------
By: Sigmund Hartmann, Director
/s/ Frank LaChapelle
- --------------------------------
By: Frank LaChapelle, Director
<PAGE>
EXHIBIT INDEX
Exhibit Number Description
- -------------- -----------
13* Forms 10Q for the quarters ended March 31, 1996, June
30, 1996 and September 30, 1996.
23 CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS,
Singer, Lewak, Greenbaum & Goldstein, LLP, consenting
to the incorporation by reference of financial reports
in the Registration Statements of International Meta
Systems, Inc.
*Incorporated by reference.
<PAGE>
CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
We have issued our report dated February 21, 1997 accompanying the financial
statements included in the Annual Report of International Meta Systems, Inc.
on Form 10-KSB for the year ended December 31, 1996. We hereby consent to the
incorporation by reference of said reports in the Registration Statements of
International Meta Systems, Inc. on Forms S-8 (File No. 33-75332, effective
February 11, 1994 and File No. 333-20297, effective January 29, 1997).
/s/ SINGER LEWAK GREENBAUM & GOLDSTEIN LLP
- ------------------------------------------
SINGER LEWAK GREENBAUM & GOLDSTEIN LLP
Los Angeles, California
March 24, 1997
