<PAGE> 1
U. S. Securities and Exchange Commission
Washington, D. C. 20549
FORM 10-QSB
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1995
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
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COMMISSION FILE NO. 0-18568
SUN TECH, ENTERPRISES
(NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)
NEVADA 88-0238889
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER I.D. NO.)
INCORPORATION OR ORGANIZATION)
1787 East Ft. Union Blvd., #106
Salt Lake City, Utah 84121
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
ISSUER'S TELEPHONE NUMBER: (801) 942-7722
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Sections 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.
(1) Yes X No (2) Yes X No
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APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Check whether the Issuer has filed all documents and reports required to be
filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a Plan confirmed by a court.
Yes No X *
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* No Plan was filed in connection with the Issuer's
Voluntary Petition in Bankruptcy involving the
issuance of securities.
APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the Registrant's classes of
common stock, as of the latest practicable date:
May 9, 1996
194,374*
* Reflects a 100 for 1 reverse split of the outstanding
voting securities effective May 8, 1996, while
retaining the authorized capital at $50,000 divided
into 50,000,000 shares of one mill ($0.001) par value
common voting stock, and with appropriate adjustments
in the stated capital and capital surplus accounts of
the Company.
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS.
The Financial Statements of the Registrant required to be
filed with this 10-QSB Quarterly Report were prepared by management and commence
on the following page, together with related Notes. In the opinion of
management, the Financial Statements fairly present the financial condition of
the Registrant.
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
Plan of Operation.
The Company has not engaged in any material operations in the
period ending December 31, 1995, or since May 22, 1992. The Company intends to
continue to seek out the acquisition of assets, property or business that may be
beneficial to the Company and its stockholders.
Management is currently negotiating a transaction whereby the
Company would acquire all of the issued and outstanding common stock of MedTrak
Electronics, Inc., a Nevada corporation ("MedTrak"), in exchange for the
issuance of 10,800,000 shares of the Company's common stock. This contemplated
acquisition is discussed in the Company's Form 10-KSB Annual Report on Form
10-KSB for the period ending December 31, 1995, which is being filed with the
Securities and Exchange Commission concurrently herewith.
Depending upon whether the MedTrak acquisition is completed,
the Company's only foreseeable cash requirements during the next 12 months will
relate to maintaining the Company in good standing in the State of Nevada and
keeping its reports "current" with the Securities and Exchange Commission.
Management does not anticipate that the Company will have to raise additional
funds during the next 12 months.
Results of Operations.
The Company has had no operations since May, 1992. During the
quarterly period ended March 31, 1995, the Company received no revenue and had
no expenses.
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS.
None; not applicable.
ITEM 2. CHANGES IN SECURITIES.
None; not applicable.
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ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
None; not applicable.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
No matter was submitted to a vote of security holders of the
Company during the period covered by this Report, whether through the
solicitation of proxies or otherwise.
ITEM 5. OTHER INFORMATION.
None; not applicable.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
(a) Exhibits.*
None.
(b) Reports on Form 8-K.
None.
* A summary of any Exhibit is modified in its entirety by
reference to the actual Exhibit.
- THIS SPACE INTENTIONALLY LEFT BLANK -
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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.
SUN TECH, ENTERPRISES
Date: 5/8/96
By /s/ Nicholas P. Lovato
Director and President
Date: 5/8/96 By /s/ Kirsten K. Lovato
Director and Secretary
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<NAME> SUN TECH ENTERPRISES
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> MAR-31-1995
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0
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