<PAGE>
FORM 10-Q/A
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
JULY 31, 1996
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OR
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD
FROM TO .
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COMMISSION FILE NUMBER
0-18288
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DIRECT CONNECT INTERNATIONAL INC.
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(Exact name of registrant as specified in its charter)
Delaware 22-2705223
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
266 Harristown Road
Glen Rock, New Jersey 07452
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code - (201) 445-2101
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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.
YES X NO
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Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of July 31, 1996: 9,062,066.
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PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
Exhibits:
Financial Data Schedule
Reports on Form 8-K:
Form 8-K, dated May 1, 1996, regarding changes in
registrant's certifying accountant
Form 8-K, dated May 28, 1996, regarding creation
of a margin account
Form 8-K, dated June 10, 1996, regarding sale of
shares of Glasgal Communications, Inc. and proposed
investment in Evolutions, Inc.
Form 8-K, dated June 24, 1996, regarding sale of
shares of Glasgal Communications, Inc. and investment
in Evolutions, Inc.
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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.
DIRECT CONNECT INTERNATIONAL INC.
(Registrant)
Date:October 18, 1996 By /s/Peter L. Schneider
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Peter L. Schneider
Title: President
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> APR-30-1996
<PERIOD-START> MAY-01-1996
<PERIOD-END> JUL-31-1996
<CASH> 168,934
<SECURITIES> 54,171
<RECEIVABLES> 1,573,542
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,927,244
<PP&E> 319,393
<DEPRECIATION> 241,364
<TOTAL-ASSETS> 4,890,246
<CURRENT-LIABILITIES> 3,578,328
<BONDS> 0
0
5,000
<COMMON> 9,062
<OTHER-SE> 1,297,856
<TOTAL-LIABILITY-AND-EQUITY> 4,890,246
<SALES> 171,749
<TOTAL-REVENUES> 171,749
<CGS> 163,477
<TOTAL-COSTS> 171,501
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 25,753
<INCOME-PRETAX> 893,773
<INCOME-TAX> 0
<INCOME-CONTINUING> 893,773
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 893,773
<EPS-PRIMARY> 0.06
<EPS-DILUTED> 0.06
</TABLE>