U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1995
Commission File Number: 33-30123-A
GENERAL PARCEL SERVICE, INC.
(Name of small business issuer in its charter)
State of Floria 59-2576629
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
8923 Western Way, Suite 22, Jacksonville, FL 32256
(Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code: (904) 363-0089
Securities registered pursuant to Section 12(g) of the Act:
Title of Each Class Name of Exchange on which registered
Common Stock NASDAQ
Warrants (two warrants entitle
holder to purchase at a
price of $7.50 per share,
one share of common stock) NASDAQ
Check whether issuer (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities and 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
Check if there is no disclosure of delinquent filers in response
to Item 405 of Regulation S-B is not contained in this form, and
no disclosure will 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-KSB or
any amendment to this form 10-KSB. [ ]
Issuer's revenues for the year ended December 31, 1995:
$20,567,498
The aggregate market value of the voting stock held by the
non-affiliates of the registrant was $3,065,679 based on the
closing sale price reported on March 20, 1996.
There were 3,758,671 shares of the Company's common stock
outstanding as of March 20, 1996.
Documents Incorporated by Reference: Portions of the Proxy
Statement for the Registrant's 1995 Annual Meeting of
Shareholders are incorporated by reference into Part III.
An index to the exhibits to this report begins on page 17 hereof.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
GENERAL PARCEL SERVICE, INC.
BY: /s/ E. Hoke Smith, Jr.
E. Hoke Smith, Jr.,
Chief Executive Officer, Director
Date: June 6, 1996
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed by the following persons on
behalf of the Registrant in the capacities and on the date
indicated.
<TABLE>
<CAPTION>
Signature Title Date
- ---------------------- ---------------------- -------------
<S> <C> <C>
/s/ T. Wayne Davis Chairman of the Board June 6, 1996
T. Wayne Davis of Directors
/s/ E. Hoke Smith, Jr. Director and Chief June 6, 1996
E. Hoke Smith, Jr. Executive Officer
/s/ Gayle Smith Director and Chief June 6, 1996
Gayle Smith Operating Officer
/s/ Steven C. Koegler Director June 6, 1996
Steven C. Koegler
/s/ Wayne N. Nellums Chief Financial June 6, 1996
Wayne N. Nellums Officer
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> This schedule contains summary financial
information extracted from the Consolidated Statement
of Operations and Consolidated Balance Sheet and is
qualified in its entirety by reference to such
financial statements.
<MULTIPLIER> 1
<S> <C>
<CURRENCY> US Dollars
<PERIOD-START> JAN-1-1995
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1
<CASH> 6,739
<SECURITIES> 0
<RECEIVABLES> 2,076,821
<ALLOWANCES> 7,846
<INVENTORY> 0
<CURRENT-ASSETS> 2,455,804
<PP&E> 13,903,760
<DEPRECIATION> 6,310,134
<TOTAL-ASSETS> 11,252,465
<CURRENT-LIABILITIES> 5,670,023
<BONDS> 0
<COMMON> 37,586
0
1,000
<OTHER-SE> (272,754)
<TOTAL-LIABILITY-AND-EQUITY> 11,252,465
<SALES> 0
<TOTAL-REVENUES> 20,567,498
<CGS> 0
<TOTAL-COSTS> 22,827,848
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 744,631
<INCOME-PRETAX> (3,004,981)
<INCOME-TAX> 0
<INCOME-CONTINUING> (3,004,981)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (3,004,981)
<EPS-PRIMARY> (0.85)
<EPS-DILUTED> (0.85)
</TABLE>
