U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB/A
(Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1998
[ ] TRANSITION REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from
__________to__________
Commission File Number 33-21546-D
CONCORDE STRATEGIES GROUP, INC.
(Exact name of small business issuer as specified in its charter)
Colorado 84-1108035
(State or other jurisdiction of (IRS Employer
Identification No.)
incorporation or organization)
444 Madison Avenue, Suite 1710, New York, NY 10022
(Address of principal executive offices)
(212) 317-0060
(Issuer's telephone number)
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
3,600,000 shares of Common Stock, no par value, outstanding on
August 13, 1998.
Amendment being filed to submit Exhibit 27.
CONCORDE STRATEGIES GROUP, INC.
Form 10-QSB/A Quarterly Report
For Period Ended June 30, 1998
Table of Contents
Page
PART I -- FINANCIAL INFORMATION
Item 1. Financial Statements 3
Unaudited Consolidated Balance Sheets at
June 30, 1998 and December 31, 1997 4-5
Unaudited Consolidated Statement of Operations
For Three and Six Months Ended June 30, 1998 and 6
June 30, 1997
Unaudited Consolidated Statement of Cash Flows For Six
Months Ended June 30, 1998 and Unaudited Statement of 7
Cash Flows For Six Months Ended June 30, 1997
Statement of Stockholders' Equity (Deficit) 8
Notes to Financial Statements 9-14
Item 2. Management's Discussion and Analysis of
Financial Condition and Results of
Operations 15
PART II -- OTHER INFORMATION 17
SIGNATURES 17
OTHER INFORMATION
Item 1. Legal Proceedings. Not Applicable.
Item 2. Change in Securities
Item 2(c). On June 22, 1998, the registrant issued 300,000
shares of its Common Stock to a company principally
owned by a Director of the registrant for
consulting services performed on behalf of the
registrant. The shares were issued pursuant to an
option in the Consulting Agreement to pay for the
consulting fees through the issuance of restricted
shares of Common Stock at the agreed upon rate of
$.47 per share.
Item 3. Defaults Upon Senior Securities. Not Applicable.
Item 4. Submission of Matters to a Vote of Security Holders. None
Item 5. Other Information. None
Item 6. Exhibits and Reports of Form 8-K. None.
Exhibit 27 - Financial Data Schedule (Electronic Filing Only)
SIGNATURES
Pursuant to the requirements of Section 13 of 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed in its behalf by the undersigned,
thereunto duly authorized.
Date: November 17, 1998
CONCORDE STRATEGIES GROUP, INC.
By:
Robert Gordon, President
<PAGE>
[ARTICLE] 5
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-START] JAN-01-1998
[PERIOD-END] JUN-30-1998
[CASH] 263735
[SECURITIES] 105750
[RECEIVABLES] 1182358
[ALLOWANCES] 0
[INVENTORY] 2003965
[CURRENT-ASSETS] 3555808
[PP&E] 117394
[DEPRECIATION] (4313)
[TOTAL-ASSETS] 3668889
[CURRENT-LIABILITIES] 1690578
[BONDS] 223568
[PREFERRED-MANDATORY] 0
[PREFERRED] 561983
[COMMON] 307839
[OTHER-SE] 884921
[TOTAL-LIABILITY-AND-EQUITY] 3668889
[SALES] 1931803
[TOTAL-REVENUES] 1931803
[CGS] 1453558
[TOTAL-COSTS] 431873
[OTHER-EXPENSES] 0
[LOSS-PROVISION] 0
[INTEREST-EXPENSE] 22092
[INCOME-PRETAX] 24280
[INCOME-TAX] 6070
[INCOME-CONTINUING] 18210
[DISCONTINUED] 0
[EXTRAORDINARY] 0
[CHANGES] 0
[NET-INCOME] 18210
[EPS-PRIMARY] .01
[EPS-DILUTED] .01<F1>
<FN>
<F1>The accompanying notes are an integral part of these financial
statements.
</FN>
</TABLE>
