SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
Quarterly Report Under Section 13 or 15 (d)
of the Securities Exchange Act of 1934
For Quarter Ended . . . . . . . . . . . . . . . . . June 30, 1995
Commission File Number . . . . . . . . . . . . . . . . . 0-17838
Microtel Franchise & Development Corporation
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(Exact name of Registrant as specified in its charter)
New York 16-1312167
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State or other jurisdiction of I.R.S. Employer
incorporation or organization Identification No.
One Airport Way, Suite 200, Rochester, New York 14624
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(Address or principal executive offices) (Zip Code)
(716) 436-6000
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(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.
Yes X No
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APPLICABLE ONLY TO CORPORATE ISSUERS:
As of August 2, 1995, the Registrant had issued and
outstanding 3,161,267 shares of its $.001 par value common stock.
The total number of pages in this report is 4.
The Index of Exhibits filed with the Reports is found at Page 2.
Page 1 of 3
<PAGE>
Item 3. Defaults Upon Senior Securities - None
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Item 4. Submission of Matters to a Vote of Security Holders - None
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Item 5. Other Information - Not applicable
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Item 6. Exhibits and Reports on Form 8-K
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A. Exhibits
Exhibit No. Description
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11 Statement re: computation of per share earnings
27 Financial Data Schedule
B. Form 8-K: None filed
Page 2 of 3
<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.
MICROTEL FRANCHISE AND DEVELOPMENT CORPORATION
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(Registrant)
Date: 9/21/95 /s/Bruce A. Sahs
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Bruce A. Sahs, Executive Vice
President
and Chief Operating Officer
Date: 9/21/95 /s/Taras M. Kolcio
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Taras M. Kolcio, Controller
Page 3 of 3
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the Consoli-
dated Balance Sheet, Consolidated Statement of Operations, Consolidated State-
ments of Changes in Shareholders' Investment, Consolidated Statements of Cash
Flows and Notes to Consolidated Statements, and is qualified in its entirety
by reference to such financial statements and notes to Consolidated Statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> JUN-30-1995
<CASH> 125,840
<SECURITIES> 0<F1>
<RECEIVABLES> 304,619
<ALLOWANCES> 0<F1>
<INVENTORY> 107,363
<CURRENT-ASSETS> 2,292,978
<PP&E> 8,073,095
<DEPRECIATION> 1,549,037
<TOTAL-ASSETS> 15,106,931
<CURRENT-LIABILITIES> 2,609,134
<BONDS> 8,720,393
<COMMON> 3,197
0<F1>
295
<OTHER-SE> 2,435,168
<TOTAL-LIABILITY-AND-EQUITY> 15,106,931
<SALES> 2,213,094
<TOTAL-REVENUES> 2,213,094
<CGS> 1,866,562
<TOTAL-COSTS> 1,866,562
<OTHER-EXPENSES> 0<F1>
<LOSS-PROVISION> 0<F1>
<INTEREST-EXPENSE> 231,633
<INCOME-PRETAX> 222,267
<INCOME-TAX> 43,099
<INCOME-CONTINUING> 179,168
<DISCONTINUED> 0<F1>
<EXTRAORDINARY> 0<F1>
<CHANGES> 0<F1>
<NET-INCOME> 122,457
<EPS-PRIMARY> 0.03
<EPS-DILUTED> 0.00<F1>
<FN>
<F1>If information required by the applicable schedule is not included in the
underlying financial data because it is either immaterial or inapplicable, the
value "0" (zero) will be responded to that item.
</FN>
</TABLE>
