VENTURE WORLD INC
10-K, 1996-09-26
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.


                                    FORM 10-K

[ X ] ANNUAL  REPORT  PURSUANT  OT  SECTION  13 OR  15(d)  OF THE  SECURITIES
      EXCHANGE ACT OF 1934

      For the fiscal year ended December 31, 1995
      Commission File No.  33-19139-NY

[  ]  TRANSITION  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
      EXCHANGE ACT OF 1934

     For the transition period from                to


                               VENTURE WORLD, LTD.
             (Exact name of Registrant as specified in its charter)

      Delaware                                               11-2936371
(State or other jurisdiction of                            (IRS Employer
 incorporation or organization)                           Identification No.)

                    136 East Ninth Street, Lakewood, NJ 08701
              (Address and zip code of principal executive offices)

Registrant's telephone number, including area code: (908) 905-2020

Securities registered pursuant to Section 12(b) of the Act: NONE

Securities registered pursuant to Section 12(g) of the Act: NONE

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 if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not 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-K or any amendment to this
Form 10-K. [ ]

As of December  31, 1995 it is unclear as to the  aggregate  market value of the
voting stock held by non-affiliates of the Registrant. This is due to the low or
almost non-existing trading of the Registrant's Securities.

As of December  31, 1995 the number of shares  outstanding  of the  Registrant's
Common Stock was 50,000,000.

Documents incorporated by reference:  The information required by Part I - Items
1 and 2 and  Part  III  is  incorporated  by  reference  from  the  Registrant's
Prospectus  dated November 2, 1988 which is part of the  Registration  Statement
under file No. 33-19139-NY.

                                        1

<PAGE>



- - --------------------------------------------------------------------------------


                                     PART I

- - --------------------------------------------------------------------------------


                                Item 1. Business.

The  Registrant  was formed in May,  1987 to seek,  investigate  and  acquire an
interest  in  business   opportunities.   In  March,  1989  it  raised  $250,000
(approximately   $185,000  net  after  expenses  and   commissions)   through  a
"blind-pool"  offering.  The information set forth under "Proposed  Business" in
the Registrant's  Prospectus  dated November 21, 1988 is herein  incorporated by
reference.

The  Registrant  is  seeking  a  business   opportunity  but  to  date  has  not
participated in any business opportunities.

                               Item 2. Properties.

The Company operates out of the home office of its president and pays no rent or
expenses.

                           Item 3. Legal Proceedings.

None

          Item 4. Submission of matters to a vote of Security Holders.

None - not applicable

- - --------------------------------------------------------------------------------


                                     PART II

- - --------------------------------------------------------------------------------


Item 5. Market  price for  Registrant's  Common  Equity and Related  Stockholder
        Matters.

During the year  ended  December  31,  1995  there  appeared  to be little or no
trading in the stock and warrants of the Company.

As of February 7, 1996, the Company had 64  shareholders  of record and believes
that it had approximately 250 beneficial owners.

The  Company  has not  declared  any cash  dividends  on its Common  Stock since
inception and its Board of Directors  has no present  intention of declaring any
dividends.  For the  foreseeable  future,  the  Company  intends  to retain  all
earnings, if any, for use in the development and expansion of its business.



                                        2

<PAGE>



                                     Item 6.

                               VENTURE WORLD, LTD.
                             EXPECTED FINANCIAL DATA

                                                     December 31,
Summary Balance Sheet                         1995                  1994
                                       ------------------    -----------

Total assets                           $              211    $            1,422

Total stockholders' equity             $           (5,689)   $           (3,128)


                                                Year ended December 31,
Summary of Statement of Operations            1995                  1994
                                       ------------------    -----------

Total revenues                         $                2    $                2

Net loss                               $           (2,561)   $           (2,445)

Loss per common share                  $          (.00005)   $          (.00005)

                                     Item 7.

                               VENTURE WORLD, LTD.
                          (A Development Stage Company)

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                            AND RESULTS OF OPERATIONS

Financial Condition

Total  stockholders'  equity decreased $2,561 from $(3,128) at December 31, 1994
to  $(5,689)  at  December  31,  1995.  This  decrease  was the result of losses
incurred by the Company during its development stage, while seeking out business
opportunities.

Results of Operations

The Company  sustained  losses of $2,561 and $2,445 for the years ended December
31,1995 and  December 31, 1994  respectively.  Revenues of $2 and $2 for the two
periods  represented  interest  earned on temporary cash  investments and loans.
Expenses  of $2,563 and $2,447 for the periods  consisted  of  consulting  fees,
rent,  and  leasing  expenses,   professional  fees,  depreciation,   and  other
administrative  expenses  incurred  while the Company  was seeking out  business
ventures  which in the  opinion  of  management,  could  provide a profit to the
Company.


                                        3

<PAGE>



              Item 8. Financial Statements and Supplementary Data.

The financial  statements and the schedules listed in Item 14 are filed with and
as part of this report.

         Item 9. Disagreements on Accounting and Financial Disclosures.

Not Applicable.

- - --------------------------------------------------------------------------------


                                    PART III

- - --------------------------------------------------------------------------------


The  information  required  by Items 10,  11, 12, and 13 of this Part III is set
forth under the captions "Management",  "Principal Shareholders'",  and "Certain
Transactions"   in  the  Prospectus  dated  November  21,  1988  and  is  herein
incorporated by reference.

- - --------------------------------------------------------------------------------


                                     PART IV

- - --------------------------------------------------------------------------------


Item 14. Financial  Statements,  Financial Statement  Schedules,  Exhibits,  and
         Reports on Form 8-K.

     A.   Financial  Statements,  Financial  Statement  Schedules,  and Exhibits
          filed.

           1.     Financial Statements filed with this Form 10-K include:
                  a.     Balance Sheets as of December 31, 1995 and 1994.
                  b.     Statements of Operations for the years ended December
                         31, 1995 and December 31, 1994.
                  c.     Statement of Stockholders' Equity for this period.
                  d.     Statement of Cash Flows for the years ended December
                         31, 1995 and December 31, 1994.
                  e.     Statement of Operations for the period.
                  f.     Statement of Cash Flows for the period.

     B.   The  Registrant  filed no current  reports on Form 8-K during the last
          quarter of the fiscal year ended December 31, 1995.

     C.    Exhibits

          1.   Certificate  of  Incorporation   (Incorporated  by  reference  to
               Registration Statement No. 33-19139- NY.)

          2.   By-laws (Incorporated by reference to Registration  Statement No.
               33-19139-NY.)  Supplemental  Information  to  be  furnished  with
               reports Pursuant to Section 15(d).

     D.   No annual reports or proxy material has been sent to security holders.
          Copies of any such report or proxy  material so  furnished to security
          holders  subsequent  to the filing of the  annual  report on this form
          will be furnished to the Commission when sent to security holders.

                                        4

<PAGE>




                                   SIGNATURES

Pursuant to the  requirements  of Section 12 of the  Securities  Exchange Act of
1934, the Registrant has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized.

Venture World, Ltd.


By:   Alan Weisberger


/s/  Alan Weisberger - President

Dated:     May 30, 1996

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons of behalf of the  Registrant and
in the capacities and on the dates indicated.

SIGNATURE                       TITLE                                 DATE

/s/ Alan Weisberger     President and Director
                       (Principal Executive Officer)               May 30, 1996

/s/ Moshe Milstein   Vice President, Treasurer and Director
                     (Principal Financial and Financial Officer)   May 30, 1996



                                        5

<PAGE>



- - --------------------------------------------------------------------------------


                          INDEX TO FINANCIAL STATEMENTS

- - --------------------------------------------------------------------------------



Report of Independent Certified Public Accountant...........................1

Financial Statements:

Balance Sheets - December 31, 1995 and December 31, 1994....................2

Statements of Operations - For the years ended December 31, 1995 and
    December 31, 1994.......................................................3

Statement of Stockholders' Equity - For the period from (inception) May 6, 1987
    to December 31, 1995....................................................4

Statement of Cash Flows - For the years ended December 31, 1995 and
    December 31, 1994.......................................................5

Statements of Operations - For the period from (inception) May 6, 1987
    to December 31, 1995....................................................6

Statements of Cash Flows - For the period from (inception) May 6, 1987
    to December 31, 1995....................................................7

Notes to Financial Statements...............................................8


                                        6

<PAGE>



JOHN SVARC                                               1064 FIFTY-FIFTH STREET
CERTIFIED PUBLIC ACCOUNTANT                             BROOKLYN, NEW YORK 11219
                                                                  (718) 851-8617
                                                                  (718) 851-8619


















To the
Board of Directors and Stockholders
     of Venture World, Ltd.

I have  audited  the  accompanying  balance  sheets of Venture  World,  Ltd.  (a
development  stage  company)  as of  December  31, 1995 and 1994 and the related
statements of operations,  changes in stockholders'  equity,  and cash flows for
the years then ended.  These financial  statements are the responsibility of the
company's  management.  My  responsibility  is to  express  an  opinion on these
financial statements based on my audit.

I conducted my audit in accordance with generally  accepted auditing  standards.
Those standards  require that I plan and perform the audit to obtain  reasonable
assurance   about  whether  the  financial   statements  are  free  of  material
misstatement. An audit includes, examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
I believe that my audit provides a reasonable basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Venture World, Ltd. at December 31,
1995 and 1994,  and the results of its  operations  and cash flows for the years
then ended in conformity with generally accepted accounting principles.



                                            /s/   John Svarc
                                           Certified Public Accountant

April 23, 1996


See accompanying Notes to Financial Statements.


                                      - 1 -

<PAGE>


                               VENTURE WORLD, LTD.
                          (A Development Stage Company)


                                 BALANCE SHEETS
<TABLE>
<CAPTION>

                                                                                        December 31,
                                                                                  1995                 1994
ASSETS

CURRENT ASSETS:

<S>                                                                        <C>                  <C>
Cash                                                                       $               77   $               75
Loans receivable (net) - officers (Note 3)                                                  0                  571
                                                                           ------------------   ------------------
                                                   Total Current Assets                    77                  646

Office equipment, net of accumulated depreciation
     of $4,361 and $3,719 (Note 1)                                                        134                  776
                                                                           ------------------   ------------------

                                                           TOTAL ASSETS    $              211   $            1,422
                                                                           ==================   ==================

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

Accrued expenses                                                           $            5,900   $            4,550

CONTINGENT LIABILITY (Note 7)

STOCKHOLDERS' EQUITY:

Common Stock, $.0001 par value, 300,000,000 shares
      authorized, 50,000,000 shares issued and outstanding                              5,000                5,000
Paid-in capital                                                                       208,493              208,493
Deficit accumulated during the development stage                                     (219,182)            (216,621)
                                                                           ------------------   ------------------
                                                                  Total                (5,689)              (3,128)
                                                                           ------------------   ------------------

                             TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY    $              211   $            1,422
                                                                           ==================   ==================

</TABLE>

See accompanying Notes to Financial Statements.


                                      - 2 -

<PAGE>


                               VENTURE WORLD, LTD.
                          (A Development Stage Company)


                            STATEMENTS OF OPERATIONS


<TABLE>
<CAPTION>

                                                                                   Year ended December 31,
                                                                                  1995                 1994
REVENUES:

<S>                                                                        <C>                  <C>
Interest income (Note 3)                                                   $                2   $                2
                                                                           ------------------   ------------------

EXPENSES:

Professional fees                                                                       1,771                1,655
Depreciation and amortization (Note 1)                                                    642                  642
Other                                                                                     150                  150
                                                                           ------------------   ------------------
                                                                  Total                 2,563                2,447
                                                                           ------------------   ------------------

                                                               NET LOSS    $           (2,561)  $           (2,445)
                                                                           ==================   ==================

LOSS PER COMMON SHARE                                                      $          (.00005)  $          (.00005)

WEIGHTED AVERAGE NUMBER OF SHARES                                                  50,000,000           50,000,000
                                                                           ==================   ==================

</TABLE>

See accompanying Notes to Financial Statements.


                                      - 3 -

<PAGE>


                               VENTURE WORLD, LTD.
                          (A Development Stage Company)


                STATEMENT OF STOCKHOLDERS' EQUITY FOR THE PERIOD
                  MAY 6, 1987 (inception) TO DECEMBER 31, 1995
<TABLE>
<CAPTION>

                                                                                                                      Accumulated
                                           Common Stock                                                             Deficit during
                                             Purchase             Common                             Paid-in        the Development
                                             Warrants              Stock          Par Value          Capital             Stage

<S>                                     <C>                   <C>               <C>              <C>               <C>
Shares issued to officers and others                             37,500,000     $       3,750    $      24,145     $
Public offering 25,000 units at $10.00
     per unit (Note 2)                          12,500,000       12,500,000             1,250          248,750
Offering costs                                                                                         (64,402)
Net loss for May 6, 1987 to
     December 31, 1990                                                                                                      (72,877)
                                        ------------------    -------------     -------------    -------------     ----------------

Balance, December 31, 1990                      12,500,000       50,000,000             5,000          208,493
Net loss year ended
      December 31, 1991                                                                                                     (56,562)
                                        ------------------    -------------     -------------    -------------     ----------------

Balance, December 31, 1991                      12,500,000       50,000,000             5,000          208,493             (129,439)
Net loss year ended
     December 31, 1992                                                                                                      (56,408)
                                        ------------------    -------------     -------------    -------------     ----------------

Balance, December 31, 1992                      12,500,000       50,000,000             5,000          208,493             (185,847)
Net loss year ended
     December 31, 1993                                                                                                      (28,329)
                                        ------------------    -------------     -------------    -------------     ----------------

Balance, December 31, 1993                      12,500,000       50,000,000             5,000          208,493             (214,176)
Net loss year ended
     December 31, 1994                                                                                                       (2,445)
                                        ------------------    -------------     -------------    -------------     ----------------

Balance, December 31, 1994                      12,500,000       50,000,000             5,000          208,493             (216,621)
Net loss for three months ended
     March 31, 1995                                                                                                            (611)
                                        ------------------    -------------     -------------    -------------     ----------------

Balance, March 31, 1995                         12,500,000       50,000,000             5,000          208,493             (217,232)
Net loss for three months ended
     June 30, 1995                                                                                                             (461)
                                        ------------------    -------------     -------------    -------------     ----------------

Balance, June 30, 1995                          12,500,000       50,000,000             5,000          208,493             (217,693)
Net loss for three months ended
     September 30, 1995                                                                                                        (461)
                                        ------------------    -------------     -------------    -------------     ----------------

Balance, September 30, 1995                     12,500,000       50,000,000             5,000          208,493             (218,154)
Net loss for three months ended
     December 31, 1995                                                                                                       (1,028)
                                        ------------------    -------------     -------------    -------------     ----------------


Balance, December 31, 1995                      12,500,000       50,000,000     $       5,000    $     208,493     $       (219,182)
                                        ==================    =============     =============    =============     ================


</TABLE>

See accompanying Notes to Financial Statements.


                                      - 4 -

<PAGE>


                               VENTURE WORLD, LTD.
                          (A Development Stage Company)


                             STATEMENT OF CASH FLOWS



<TABLE>
<CAPTION>

                                                                                   Year ended December 31,
                                                                                  1995                 1994
CASH FLOWS FROM OPERATING ACTIVITIES:

<S>                                                                        <C>                  <C>
Net (loss)                                                                 $           (2,561)  $           (2,445)
Adjustments  to  reconcile   net  income  to  net  cash  provided  by  operating
   activities:
     Depreciation and amortization                                                        642                  642
     Increase in accounts payable and accrued expenses                                  1,350                1,100
                                                                           ------------------   ------------------

                                                                  Total                  (569)                (703)
                                                                           ------------------   ------------------

CASH FLOWS FROM INVESTING ACTIVITIES:

Decrease in notes receivable - officers                                                   571                  751
                                                                           ------------------   ------------------

                                                                  Total                   571                  751
                                                                           ------------------   ------------------

NET INCREASE IN CASH                                                                        2                   48

CASH - beginning of period                                                                 75                   27
                                                                           ------------------   ------------------

CASH - end of period                                                       $               77   $               75
                                                                           ==================   ==================


</TABLE>
See accompanying Notes to Financial Statements.


                                      - 5 -

<PAGE>


                               VENTURE WORLD, LTD.
                          (A Development Stage Company)


                            STATEMENTS OF OPERATIONS
           FOR THE PERIOD MAY 6, 1987 (inception) TO DECEMBER 31, 1995

<TABLE>
<CAPTION>
REVENUES:
<S>                                                                                             <C>
Interest income (Note 3)                                                                        $           42,390
                                                                                                ------------------

EXPENSES:
Consulting fees (Note 3)                                                                                   133,247
Secretarial services                                                                                        13,141
Rent and leasing expense (Note 5)                                                                           44,812
Telephone                                                                                                   15,127
Professional fees                                                                                           17,841
Depreciation and amortization (Note 1)                                                                       5,296
Underwriter's fees                                                                                          10,000
Other                                                                                                       22,108
                                                                                                ------------------
                                                                                        Total              261,572

NET LOSS - deficit accumulated during the development stage                                     $          219,182
                                                                                                ==================

LOSS PER COMMON SHARE                                                                           $           (.0044)

WEIGHTED AVERAGE NUMBER OF SHARES                                                                       50,000,000


</TABLE>

See accompanying Notes to Financial Statements.


                                      - 6 -

<PAGE>


                               VENTURE WORLD, LTD.
                          (A Development Stage Company)


                             STATEMENT OF CASH FLOWS
           FOR THE PERIOD MAY 6, 1987 (inception) TO DECEMBER 31, 1995

<TABLE>
<CAPTION>

CASH FLOWS FROM OPERATING ACTIVITIES:

<S>                                                                                             <C>
Net loss - deficit accumulated during the development stage                                     $         (219,182)
Adjustments  to  reconcile   net  income  to  net  cash  provided  by  operating
   activities:
     Depreciation and amortization                                                                           5,061
     Increase in accounts payable and accrued expenses                                                       5,900
     Increase in organization costs                                                                           (700)
                                                                                                ------------------
                                                                                        Total             (208,921)

CASH FLOWS FROM INVESTING ACTIVITIES:

Payment for purchase of equipment                                                                           (4,495)
                                                                                                ------------------
                                                                                        Total               (4,495)
                                                                                                ------------------

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from initial issue of stock                                                                        27,895
Proceeds from public offering of 25,000 units of stock and warrants                                        250,000
Less: public offering costs                                                                                (64,402)
                                                                                                ------------------
                                                                                        Total              213,493

NET INCREASE IN CASH                                                                                            77

Cash - beginning of period                                                                                       0
                                                                                                ------------------

Cash - end of period                                                                            $               77
                                                                                                ==================


</TABLE>

See accompanying Notes to Financial Statements.


                                      - 7 -

<PAGE>


                               VENTURE WORLD, LTD.
                          (A Development Stage Company)


                          NOTES TO FINANCIAL STATEMENTS

1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

     Venture World,  Ltd. ("the Company") is considered to be in the development
     stage as defined in Statement of Financial  Accounting Standards No. 7, and
     was  incorporated  on May 6, 1987 for the purpose of seeking  out  business
     opportunities,  including acquisitions that the Board of Directors in their
     discretion, believe to be good opportunities.  Since inception, the Company
     has been  primarily  engaged in the  procurement  of capital,  and has been
     pursuing its objective of seeking business  opportunities.  There can be no
     assurance  that the Company  will be able to acquire a  favorable  business
     opportunity.  Even  if  the  Company  becomes  engaged  in a  new  business
     opportunity,  there can be no  assurance  that the Company  will be able to
     generate revenues or profits therefrom.

     Office  equipment  is  stated  at  cost  less   accumulated   depreciation.
     Depreciation is provided on a straight-line  basis over periods of five and
     seven years. Maintenance and repairs are charged to expense as incurred.

     Organization  costs relating to the costs of incorporation are amortized on
     a straight-line basis over five years.

     Loss per share is  computed  using the  weighted  average  number of shares
     outstanding.

2.   INITIAL PUBLIC OFFERING:

     On March 31, 1989 the Company  completed a public  offering of 25,000 units
     at $10.00 per unit or $250,000 total.  Each unit consisted of 500 shares of
     common  stock,  par value $.0001 per share,  and 500 common stock  purchase
     warrants per class  (Classes A, B, and C) that provided for the purchase of
     one additional  share of common stock per warrant that were  exercisable as
     follows:

                          Price             Description
     Class A              $.04              Exercisable to December 31, 1995
     Class B              $.06              Exercisable to December 31, 1995
     Class C              $.07              Exercisable to December 31, 1995

     No warrants were exercised.



                                      - 8 -

<PAGE>


                               VENTURE WORLD, LTD.
                          (A Development Stage Company)




                          NOTES TO FINANCIAL STATEMENTS
                                   (continued)

3.   RELATED PARTY AND OTHER TRANSACTIONS:

     a.   Loans receivable - officers  represents net advances by the Company to
          its President and Vice President and includes interest at a rate of 9%
          a  year.  The  Vice  President  assumed  a loan  outstanding  from  an
          unrelated party (see below).

          Loans  receivable - other  consists of loans made by the Company to an
          unrelated party and includes interest at a rate of 10% a year. Another
          loan to an unrelated  party at the same  interest  rate which  totaled
          $9,971 at  January  1, 1991 was  assumed  by the Vice  President  (see
          above).

     b.   In January,  1991, the Board of Directors resolved to incur consulting
          fees to September 30, 1993 as follows:

              The President  and Vice  President of the Company - $15,600 a year
              each and an unrelated investment banking firm (see above) - $450 a
              week.

     c.   The Company paid office rent to its President in 1991 (see Note 5).

4.   STOCK OPTION PLAN:

     The Company has adopted an incentive  stock option plan under which options
     to  purchase  a total of  7,500,000  shares of common  stock may be issued.
     Options  issued  under the plan can be granted at exercise  prices equal to
     100% of the fair market value of the common stock on the date of grant.  At
     December 31, 1990,  7,500,000 shares of common stock have been reserved for
     issuance  upon  exercise of options under the plan and no options have been
     granted.

5.   LEASES:

     d.   At the  beginning of 1991,  the Company  relocated  its offices to New
          Jersey where it rented space under an oral lease with its President at
          $250 a month. The lease ended in October, 1991.

     e.   The Company leased an automobile for approximately  $430 a month under
          a four (4) year lease agreement which began in May 1989. The agreement
          also included an initial lease prepayment of $2,806 which is reflected
          as "Deferred leasing  expense",  net of amortization over the four (4)
          year lease period.



                                      - 9 -

<PAGE>


                               VENTURE WORLD, LTD.
                          (A Development Stage Company)


                          NOTES TO FINANCIAL STATEMENTS
                                   (continued)

6.   CONFLICTS OF INTEREST:

     Certain  conflicts of interest may arise when the Company  finds a business
     opportunity due to the fact that the officers and directors each have other
     business   interests  that  may  also  wish  to  invest  in  that  business
     opportunity.  There are no assurances  that such conflicts will be resolved
     in the Company's favor.

7.   CONTINGENT LIABILITY AND SUBSEQUENT EVENTS:

     In  February,  1996,  the  Company  terminated  the  services  of the stock
     registrar  it had been  using and  retained  a new  registrar.  The  former
     registrar is demanding a termination fee of $3,000.

     The Company  maintains  that it has no  obligation to pay the fee since the
     contract with the registrar does not contain a termination fee clause.


                                     - 10 -
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
     This schedule contains summary financial information extracted from Venture
     World, Ltd. December 31, 1995 financial  statements and is qualified in its
     entirety to such financial statements.
</LEGEND>
<CIK>                         0001020915
<NAME>                        Venture World, Ltd.

       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              DEC-31-1996
<PERIOD-END>                                   DEC-31-1995

<CASH>                                         77
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               77
<PP&E>                                         4,495
<DEPRECIATION>                                 (4,361)
<TOTAL-ASSETS>                                 211
<CURRENT-LIABILITIES>                          5,900
<BONDS>                                        0
                          0
                                    0
<COMMON>                                       5,000
<OTHER-SE>                                     (10,689)
<TOTAL-LIABILITY-AND-EQUITY>                   211
<SALES>                                        0
<TOTAL-REVENUES>                               2
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               2,563
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                (2,561)
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