FORM 10-QSB
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended: June 30, 2000
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Commission File Number: 0-17264
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ALFA International Corp.
(Exact name of registrant as specified in its charter)
New Jersey 22-2216835
State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
107 Industrial Drive, Jersey City, New Jersey 07305
(Address of principal executive offices)
(201) 332-2200
(Registrant's telephone number, including area code)
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. [x] Yes [ ] No
Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Section 12, 13 or
15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a court.
[x] Yes [ ] No
As of August 9, 2000 the registrant had outstanding 7,641,398
shares of Common Stock, par value $.01 per share.
<PAGE>
ALFA INTERNATIONAL CORP.
INDEX
PART I - FINANCIAL INFORMATION
ITEM 1: FINANCIAL STATEMENTS
BALANCE SHEETS
DECEMBER 31, 1999
JUNE 30, 2000
STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 1999
THREE MONTHS ENDED JUNE 30, 2000
SIX MONTHS ENDED JUNE 30, 1999
SIX MONTHS ENDED JUNE 30, 2000
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
SIX MONTHS ENDED JUNE 30, 2000
STATEMENTS OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 1999
SIX MONTHS ENDED JUNE 30, 2000
NOTES TO FINANCIAL STATEMENTS
ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
PART II - OTHER INFORMATION
ITEM 6: EXHIBITS AND REPORTS ON FORM 8-K
<PAGE>
<TABLE>
ALFA INTERNATIONAL CORP. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
---------------------------------------
<CAPTION>
June 30, December 31,
2000 1999
ASSETS --------- ------------
(Unaudited) Note 1
<S> <C> <C>
CURRENT ASSETS:
Cash and equivalents $ 101,526 $ 284,912
Accounts receivable 43,704 8,664
Inventory 52,189 41,297
Prepaid expenses and other
current assets 65,000 4,452
-------- --------
Total Current Assets 262,419 339,325
-------- --------
PROPERTY AND EQUIPMENT:
Office & Computer Equipment 39,571 37,720
Furniture & Fixtures 28,111 27,604
-------- --------
67,682 65,324
Less: Accumulated depreciation (55,870) (49,870)
-------- --------
11,812 15,454
-------- --------
Total Assets $ 274,231 $ 354,779
-------- --------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 9,380 $ 519
Customer Deposits Payable 4,205 -
Accrued expenses and other current
liabilities 0 5,301
--------- --------
Total Current Liabilities 13,585 5,820
--------- --------
STOCKHOLDERS EQUITY:
Common Stock - $ .01 par value
Authorized - 15,000,000 shares
Issued - 7,641,398 shares at
6/30/00 and at 12/31/99 76,414 76,414
Capital in excess of par value 5,181,703 5,181,703
Retained earnings (deficit) (4,997,471) (4,909,158)
--------- ---------
Total Stockholders' Equity 260,646 348,959
--------- ---------
Total Liabilities & Equity $ 274,231 $ 354,779
--------- --------
</TABLE>
<PAGE>
<TABLE>
ALFA INTERNATIONAL CORP. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
------------------------------------------
(UNAUDITED)
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
June 30 June 30
------------------- ----------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
REVENUES:
Net sales $ 118,069 $ 5,504 $ 144,000 $ 20,275
Interest Income 3,021 67 5,025 91
Other income 134 6,281 134 9,090
--------- --------- --------- ---------
121,224 11,852 149,159 29,456
--------- --------- --------- ---------
COSTS AND EXPENSES:
Cost of sales 60,585 4,264 73,786 8,640
Selling, general and administrative 73,299 40,493 163,686 581,680
--------- --------- --------- ---------
133,884 44,757 237,472 590,320
--------- --------- --------- ---------
NET LOSS $ (12,660) $ (32,905) $ (88,313) $ (560,864)
--------- --------- --------- ---------
WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING 7,641,398 6,441,398 7,641,398 6,441,398
NET LOSS PER SHARE $ - $ (.01) $ (.01) $ (.09)
----- ----- ----- -----
</TABLE>
<PAGE>
<TABLE>
ALFA INTERNATIONAL CORP. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
----------------------------------------------------------
(UNAUDITED)
<CAPTION>
Common Stock Capital in Retained
------------------ Excess of Earnings
Par Par Value (Deficit)
Shares Value ---------- ---------
------ -----
<S> <C> <C> <C> <C>
Balances At
December 31
1999 7,641,398 $ 76,414 $ 5,181,703 $ (4,909,158)
Net loss for
the Six
Months ended
June 30, 2000 (88,313)
--------- --------- ---------- ------------
Balances At
June 30, 2000 7,641,398 $ 76,414 $ 5,181,703 $ (4,997,471)
--------- -------- ---------- ------------
</TABLE>
<PAGE>
<TABLE>
ALFA INTERNATIONAL CORP. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS
----------------------------------------
(UNAUDITED)
<CAPTION>
Six Months Ended
June 30
----------------
2000 1999
---- ----
<S> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss $ (88,313) $ (560,864)
Adjustments to reconcile net loss to net
cash flows from operating activities:
Depreciation and amortization 6,000 5,000
Issuance of Stock Options (Note 2) - 500,000
Changes in operating assets and liabilities:
Accounts receivable (35,040) 6,368
Inventories (10,892) (12,566)
Other current assets (60,548) (170)
Accounts payable 8,861 1,895
Customer Deposits 4,205 34,550
Other assets - 3,427
Accrued expenses, and other liabilities (5,301) -
--------- ---------
Net cash flows from operating activities (181,028) (22,360)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of property and equipment (2,358) (239)
Disposition of Leasehold Improvements - (497)
--------- ---------
Net cash flows from investing activities (2,358) (736)
CASH FLOWS FROM FINANCING ACTIVITIES:
Loan from Officer - 18,000
--------- ---------
Net cash flows from financing activities - 18,000
NET CHANGE IN CASH AND EQUIVALENTS (183,386) (5,096)
--------- ---------
CASH AND EQUIVALENTS, BEGINNING OF PERIOD 284,912 9,897
--------- ---------
CASH AND EQUIVALENTS, END OF PERIOD 101,526 4,801
--------- ---------
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid (refunded) - -
--------- ---------
Interest paid - -
--------- ---------
</TABLE>
<PAGE>
NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS
NOTE 1 - BASIS OF PRESENTATION:
The balance sheet for Alfa International Corp. ("Alfa" or the
"Company") at the end of the preceding fiscal year has been
derived from the audited balance sheet and notes thereto
contained in the Company's annual report on Form 10-KSB for the
fiscal year ended December 31, 1999 and is presented herein for
comparative purposes. All other financial statements are
unaudited. In the opinion of management all adjustments which
include only normal recurring adjustments necessary to present
fairly the financial position, results of operations and changes
in financial position for all periods presented have been made.
The results of operations for interim periods are not necessarily
indicative of operating results for the full year. Alfa presently
has one wholly-owned subsidiary through which it conducts all
operations. All inter-company transactions have been eliminated
in its consolidation with Alfa.
Footnote disclosures normally included in financial statements
prepared in accordance with generally accepted accounting
principles have been omitted in accordance with the published
rules and regulations of the Securities and Exchange Commission.
These financial statements should be read in conjunction with
the financial statements and notes thereto included in the
Company's annual report on Form 10-KSB for the fiscal year ended
December 31, 1999.
NOTE 2 - STOCK BASED COMPENSATION - CONSULTING AGREEMENT:
Under a consulting agreement dated January 20, 1999, the Company
granted a total of 2,000,000 stock options ("Options"), 500,000
each at exercise prices of $.25; $.50; $.75 and $1.00. The
Options expire at the earlier of January 20, 2002 or the date of
termination of the consulting agreement. Using the Black-Scholes
option valuation model to compute the fair value of the Options
on the date of grant, the Company booked a $500,000 non-cash
charge to earnings in January 1999 to reflect this stock based
compensation to the consultants ("Consultants"). During August,
September, October and November 1999, a total of 1,200,000
Options were exercised, 500,000 at $.25; 500,000 at $.50 and
200,000 at $.75. The Company received proceeds totaling $525,000.
<PAGE>
NOTE 3 - MANAGEMENT PLANS:
The Company has incurred significant operating losses raising
substantial doubt about its ability to continue as a going
concern. The continued existence of the Company is dependent
upon, its ability to raise additional financing and eventually
upon obtaining profitable operations. There can be no assurance
that such financing will be available to the Company upon
acceptable terms. In an effort to obtain profitable operations,
the Company will attempt to increase sales by aggressive
marketing of its new product line, recruiting sales
representatives, attending trade shows and updating and
redistributing their existing merchandise catalog. Additionally
the Company is attempting to acquire the business assets of a
publicly traded company with which it is presently conducting
negotiations. Should the Company be unsuccessful in its
attempts to raise capital and/or increase sales, the Company
may not be able to continue operations.
<PAGE>
ALFA INTERNATIONAL CORP. AND SUBSIDIARY
ITEM 2 - Management's Discussion and Analysis of Financial
Condition and Results of Operations
The balance sheet for the Company at the end of fiscal year 1999
contained herein has been derived from the balance sheet audited
by the Company's independent certified public accountants which
is contained in the Company's annual report on Form 10-KSB for
the fiscal year ended December 31, 1999. All other financial
statements are unaudited.
All of the Company's operations are conducted through its wholly
owned subsidiary, Ty-Breakers Corp. ("Ty-Breakers"). Ty-Breakers
is engaged in the business of manufacturing and marketing
apparel, mostly jackets, made from Tyvek and Kensel. Ty-Breakers
also manufactures, imports and markets a line of gift items and
tee-shirts under the brand "Extreme Tease" bearing proprietary
art. Ty-Breakers maintains a website at www.ty-breakers.com for
its Tyvek & Kensel apparel and has a website under development at
www.extremetease.com for its gift items.
Tyvek is a registered trademark of the Du Pont Company. While
Tyvek is exceptionally strong, water resistant, wind proof and
printable, the Company believes that the most important
characteristic of Tyvek is its reproductive print quality.
Kensel is the trade name used to identify the patented fabric
material, which is the proprietary product of Ty-Breakers. Kensel
is made by laminating a poly-cotton material to Tyvek. Products
made from Kensel can also be printed with the color and clarity
of a Kodak photograph as Tyvek products can be printed, but they
have a more substantial "feel" than products made from Tyvek.
Ty-Breakers purchases all of its Tyvek requirements directly from
Du Pont in the United States or from DuPont's Asian agent. The
inability or failure of Du Pont to deliver this material to Ty-
Breakers would have a material adverse effect upon the operations
of Ty-Breakers. To date, Ty-Breakers has not had any significant
problems in obtaining Tyvek from Du Pont or its agent nor does it
anticipate a shortage in the near future. Ty-Breakers believes it
maintains a good working business relationship with Du Pont, who
presently produces all of the Tyvek material.
Ty-Breakers has its Tyvek and Kensel apparel products
manufactured and printed by unaffiliated third parties in the
United States and Asia. Extreme Tease is the brand name used by
Ty-Breakers to identify its brand of gift items, which are also
printed and manufactured by unaffiliated parties in the United
States and Asia. An application by the Company to register the
Kensel trademark is presently pending before the U.S. Office of
Trademarks.
<PAGE>
Ty-Breakers markets Tyvek and Kensel apparel for use primarily as
corporate identity, advertising or promotional products (the
"Custom Business") for major national commercial enterprises,
fashion designers, sporting events and athletic associations. The
custom printed apparel (which usually bears the customer's logo
or design) are frequently used as premiums, incentives,
advertising and marketing items; or resold as retail items by
these organizations. Ty-Breakers also markets its Extreme Tease
gift products and Tyvek and Kensel apparel (bearing Ty-Breakers'
own proprietary or licensed images) to retail stores and catalog
companies. Ty-Breakers also sells Tyvek and Kensel jackets
directly to consumers through its worldwide website on the
internet. Ty-Breakers anticipates selling its Extreme Tease
gift items to consumers through the Extreme Tease worldwide
website upon completion of that site later this year.
Tyvek and Kensel apparel products for Ty-Breakers' Custom
Business are sold and manufactured pursuant to specific purchase
orders. Significant inventories are not maintained for products
associated with the Custom Business. Inventories are maintained
for items associated with sales to retail stores and catalog
companies and Ty-Breakers' investment in inventory is expected to
grow relative to its sales growth in this segment.
The Ty-Breakers marketing plan is particularly directed at
increasing sales to retail outlets. Ty-Breakers has developed and
introduced a new product line of gift items marketed to retailers
under the brand name Extreme Tease to complement its marketing
efforts for Tyvek and Kensel products.
Beginning in June 2000, Alfa began negotiations and due diligence
to acquire the assets and business of a publicly traded company.
While the Company has expended, and continues to spend,
significant sums on its due diligence investigation of this
business opportunity, no assurances can be given at this time
that the acquisition will be consummated.
The Company continues to pursue an investment and/or acquisition
in an internet related business which is controlled by Alfa's
president. As of the date hereof Alfa has expended a modest sum
on its continuing due diligence investigation of this company.
During 1999 the Consultants (who introduced Alfa to the publicly
traded Company with which it is presently negotiating an asset
purchase) exercised options for 1,200,000 shares of Common Stock
and the Company received proceeds of $525,000. Based upon
conversations with the Consultants, the Company expects them
to exercise the remaining 800,000 Options from which the Company
would receive proceeds of $775,000 but no assurance can be given
at this time that such remaining Options will actually be
exercised.
<PAGE>
The Company is presently negotiating an agreement (the "Placement
Agreement") with Continental International Corp., a New York
corporation ("Continental") which contemplates a private
placement offering ("Private Placement") by the Company of up to
$2,000,000 of its securities in the form of units ("Units") of
its Common Stock with Continental acting as the placement
manager. The Offering will have a maximum of 100 Units. Each Unit
costs $20,000 and consists of 20,000 shares of Common Stock. The
Placement Agreement contemplates the Company paying Continental a
placement fee equal to fifty percent (50%) of the gross proceeds
received from sales of Units to investors introduced to the
Company by Continental. The Company will not pay any fees to
Continental from the proceeds of sales of Units to investors not
introduced to the Company by Continental. Net proceeds (after
placement fees) from sales of Units will be used for general
working capital requirements and to expand Ty-Breakers' sales and
marketing activities for its apparel and gift business segments,
and otherwise at the sole discretion of management. Depending on
future events such other possible uses could include: (i)
providing working capital to the business Alfa is attempting to
acquire should such acquisition be consummated, (ii) acquiring
and/or developing new product lines to complement Ty-Breakers'
core apparel and gift lines, (iii) an investment in, or
acquisition of, an internet related business, or (iv) other
acquisition targets that may be in the best interests of the
Company. No assurances can be given at this time that the Units
in the Private Placement will be sold.
The Company and Ty-Breakers lease their present facility in
Jersey City, New Jersey on a month to month basis from an
unaffiliated third party. As Alfa's and Ty-Breakers' business
plans unfold, and depending upon future events, the Company may
move Alfa and/or Ty-Breakers to different locations.
The "Extreme Tease" line of gift items and tee shirts bearing
proprietary art commissioned by Ty-Breakers was first shown at
the Dallas Gift Show in January 2000 and at the Chicago Gift Show
in February 2000. In March 2000 Ty-Breakers leased permanent
showroom space for its Extreme Tease line at the Atlanta Gift
Mart, one of the largest gift markets in the U.S. As a result,
the Extreme Tease product line will be exhibited at the four
annual gift shows held at the Atlanta Mart and will be marketed
by the Ty-Breakers' sales representative in Atlanta. One of the
smaller of the four annual gift shows took place during the
second quarter of 2000 without any Extreme Tease sales being
recorded. Ty-Breakers is continuing its ongoing efforts to
recruit a nationwide independent sales representative force to
sell its Extreme Tease line - and later its Tyvek and Kensel
apparel - to retail stores and catalog companies. Ty-Breakers is
also developing a website for its Extreme Tease line at
www.extremetease.com for use in marketing. Copyrights for all the
art commissioned for the Extreme Tease line are owned by Ty-
Breakers.
<PAGE>
Alfa intends to build its Ty-Breakers subsidiary around its core
products of Tyvek and Kensel apparel by acquiring and/or
developing new lines (such as the Extreme Tease gift line); and
Alfa will continue the due diligence examination it is presently
conducting concerning the sale of certain assets by a publicly
traded company to Alfa, and of the business prospects of an
internet related business in which Alfa is considering making an
investment.
RESULTS OF OPERATIONS:
THREE MONTHS ENDED JUNE 30,2000 vs.
THREE MONTHS ENDED JUNE 30,1999
The Company experienced an increase in revenue of $109,372
(822.8%) for the second quarter of 2000 as compared to the same
period in the previous year. This revenue increase resulted
directly from an increase in Ty-Breakers' sales of $112,565
(2045%) attributable to increased sales of its custom Tyvek
apparel, net of a $3,193 (50.3%) decrease in interest and other
income. The $6,147 (97.9%) decrease in other income is
attributable to a non-recurring increase in this category for the
same period in the previous year. The cost of sales percentage
for the second quarter of 2000 was 51.3% and the gross profit
percentage was 48.7%. Custom sales generally have a lower gross
profit margin than sales to retailers.
Selling, general and administrative expenses increased by $32,806
(81%) during the second quarter of 2000 compared to the same
period in the previous year. This increase is attributable to the
Company's increased marketing expenses, including employee
salaries, during the second quarter of 2000.
The Company experienced a net loss of $12,660 for the second
quarter of 2000 as compared to a net loss of $32,905 during the
same period in the previous fiscal year. This decrease in the
Company's loss of $20,245 (61.5%) is directly attributable to Ty-
Breakers' increased sales mentioned above.
The continued losses for the Company are attributable to
Ty-Breakers' failure to attain a sufficient level of sales. The
Company will need to further increase sales of its Ty-Breakers
subsidiary in order to attain profitability - a goal which is
expected to be met in the current fiscal year. Management
believes that a profitable level of sales will be attained as a
result of its ongoing marketing efforts in addition to its
ongoing efforts to recruit additional sales representatives.
Management does not believe any further cuts in SG&A expenses are
possible or prudent. Slight increases in inventory (for Custom
Sales) and capital expenditures occurred during the second
quarter of 2000. Prepaid expenses increased significantly by
<PAGE>
$60,548 during the second quarter due to legal retainers
($10,000), pre-paid "good faith" fees to Continental ($25,000),
travel advances ($14,000), and other prepaid items ($11,548).
SIX MONTHS ENDED JUNE 30,2000 vs.
SIX MONTHS ENDED JUNE 30,1999
The Company experienced an increase in revenue of $119,703
(406%) for the first six months of 2000 as compared to the same
period in the previous year. This revenue increase resulted
directly from an increase in Ty-Breakers' sales of $123,725
(610%) net of a decrease of $4,022 (43.8%)in interest and other
income. The $8,956 (98.5%) decrease in other income is
attributable to a non-recurring increase in this category for the
same period in the previous year. The cost of sales percentage
for the first six months of 2000 was 51.2% and the gross profit
percentage was 48.8%. Custom sales generally have a lower gross
profit margin than sales to retailers.
Selling, general and administrative expenses decreased by
$417,994 (71.9%) during the first six months of 2000 compared to
the same period in the previous year. This decrease is
attributable to the non-recurring $500,000 non-cash compensation
expense incurred by the Company during the first quarter of 1999
to account for the fair market value of options granted to
Consultants net of an SG&A increase $82,006 (50.1%) during the
first six months of 2000 as compared to the same period in the
previous year. This increase is attributable to the Company's
increased marketing expenses, including employee salaries.
The Company experienced a net loss of $88,313 for the first six
months of 2000 as compared to a net loss of $560,864 during the
same period in the previous fiscal year. This decrease of
$472,551 (635%) is primarily attributable to the non-recurring
$500,000 non-cash compensation expense referred to above.
Excluding this non-cash charge, the Company's loss for the first
six months of 2000 increased by $27,449 (31.1%) as compared to
the same period in the previous year. The continued losses for
the Company are attributable to Ty-Breakers' failure to attain a
sufficient level of sales. The Company will need to further
increase sales of its Ty-Breakers subsidiary in order to attain
profitability - a goal which is expected to be met in the current
fiscal year. Management believes that a profitable level of sales
will be attained as a result of its ongoing marketing efforts in
addition to its ongoing efforts to recruit additional sales
representatives.
Slight increases in capital expenditures and inventory occurred
during the first six months of 2000 in line with normal business
operations.
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES:
--------------------------------
The Company experienced negative cash flows from operations
during the first six months of 2000 primarily due to increased
investments in accounts receivable, inventory and pre-paid
expenses as well as to operating losses. At June 30, 2000 the
Company had working capital of $248,834 as compared to working
capital of $333,505 at December 31, 1999. This decrease of
$84,671 is primarily attributable to the Company's loss during
the period. Approximately 20% of current assets are invested in
inventory, 39% is held in cash and the balance invested in
accounts receivable (16%) and pre-paid expenses (25%).
Management plans to continue its ongoing efforts to pursue Ty-
Breakers' sales and marketing plan directed at aggressively
marketing its products (both Tyvek and Kensel apparel and Extreme
Tease products) to retailers while concurrently marketing its
custom printed Tyvek products into the (premium and incentive)
Custom Market. Efforts to recruit additional qualified
independent sales representatives for this purpose are ongoing.
While no assurances can be given at this time, management
believes that such marketing efforts will successfully increase
Ty-Breakers' sales and will turn Ty-Breakers profitable by the
end of fiscal year 2000. Projected revenue and associated sales
and marketing expenses are expected to increase significantly in
fiscal 2000. It is essential for Ty-Breakers to increase its
level of sales in order to allow continued operations. Management
plans to continue to pursue the purchase of the business and
certain assets of a publicly traded company with which it is
presently negotiating. Other parties are also competing with Alfa
for this business. No assurances can be given at this time as to
whether Alfa will be successful or not in its attempt to
consummate this transaction. Should Alfa be successful however,
it will be necessary for Alfa to supply significant working
capital to the acquired business.
FORWARD LOOKING STATEMENTS
--------------------------
Certain statements made in this report on Form 10-QSB are
"forward looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements involve
known and unknown risks, uncertainties and other factors that may
cause actual results, performance or achievements of the Company
to be materially different from any future results implied by
such forward looking statements. Although the Company believes
that the expectations reflected in such forward looking
statements are based upon reasonable assumptions, the Company's
actual results could differ materially from those set forth in
the forward looking statements. Certain factors that might cause
such a difference might include: the acceptance or lack thereof
<PAGE>
in the marketplace of Ty-Breakers' Extreme Tease product line,
the growth of the market for Ty-Breakers' products, the ability
of Ty-Breakers to continue to secure custom orders, the outcome
of Alfa's present negotiations with respect to the purchase by
Alfa of the business and certain assets of a publicly traded
company, the ultimate decision by Alfa whether or not to invest
in an internet related business, or the success of the Company's
various domestic and international marketing initiatives.
PART II - OTHER INFORMATION
ITEM 6. Exhibits and Reports on Form 8-K
(a) Exhibits numbered in accordance with Item 601(a) of
Regulation S-B.
Exhibit Page
Numbers Description Number
------- ----------- ------
3.1 Articles of Incorporation, as amended *
3.2 By-laws *
27 Financial Data Schedule E-01
-------------
* Previously filed as exhibits to the Company's
Registration Statement on Form S-1 (File
No. 33-18591) filed with the Securities and Exchange
Commission and incorporated herein by reference
thereto.
(b) Reports on Form 8-K
None
<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.
DATED: August 9, 2000 ALFA INTERNATIONAL CORP.
(Registrant)
By: /s/ Frank J. Drohan
-----------------------
Frank J. Drohan
Chief Executive Officer
And Chief Financial Officer
