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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1998
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File No.: 0-20101
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WINNERS ALL INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 13-3545304
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) identification no.)
4100 North Powerline Road, Suite F-1, Pompano Beach, Florida 33073
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(Address of principal executive offices)
(954) 977-5428
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(registrant's telephone number, including area code)
Check whether the registrant (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 [ ]
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The number of shares of common Stock, par value $.01 per share,
outstanding as of April 30, 1998, was 38,699,952 shares.
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<PAGE>
WINNERS ALL INTERNATIONAL, INC.
FORM 10-QSB/A
MARCH 31,1998
INDEX
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PAGE
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PART II - OTHER INFORMATION
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ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS . . . . . . . . . . 3
ITEM 5. OTHER INFORMATION . . . . . . . . . . . . . . . . . . . . . . 3
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K . . . . . . . . . . . . . . 3
PAGE 2
<PAGE>
PART II - OTHER INFORMATION
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ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
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The Broker/Dealer's Fee of 10% or $8,500 reported in the Form 10-QSB for the
quarter ended March 31, 1998, was against the sale of 1,133,333 Shares at
$0.075.
The registrant issued 150,000 shares of its unregistered, restricted common
stock as consideration for consulting services, in a private transaction
pursuant to the exemption under Section 4(2) of the Securities Act of 1933,
as amended. The transaction was valued and recorded at $10,500.
ITEM 5. OTHER INFORMATION
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No Form 8-K was filed on May 15, 1998 as previously reported.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
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EXHIBITS:
27.1 RESTATED FINANCIAL DATA SCHEDULE - MARCH 31, 1997
27.2 FINANCIAL DATA SCHEDULE - MARCH 31, 1998.
REPORTS ON FORM 8-K:
NONE
PAGE 3
<PAGE>
SIGNATURES
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In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Pompano Beach, and State of Florida on August
24, 1998.
WINNERS ALL INTERNATIONAL, INC.
(Registrant)
/s/ Howard Weiser August 24, 1998
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Howard Weiser Date
President and Secretary
/s/ Edgar M. Reynolds August 24, 1998
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Edgar M. Reynolds Date
Vice President and Treasurer
PAGE 4
<PAGE>
EXHIBIT INDEX
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EXHIBIT NO. EXHIBIT DESCRIPTION
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27.1 Restated Financial Data Schedule - March 31, 1997
27.2 Financial Data Schedule - March 31, 1998
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
WINNERS ALL INTERNATIONAL, INC.
RESTATED FINANCIAL DATA SCHEDULE
QUARTER ENDED MARCH 31,1997
10-QSB DATA
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CONDENSED CONSOLIDATED BALANCE SHEET OF WINNERS ALL INTERNATIONAL, INC.
AND SUBSIDIARY AS OF MARCH 31, 1997, AND THE RELATED STATEMENT OF OPERATIONS
FOR THE THREE MONTH PERIOD ENDED MARCH 31, 1997. THE FINANCIAL INFORMATION
WAS RESTATED TO CONFORM WITH RESULTS OF THE AUDITED FINANCIAL STATEMENTS OF
THE REGISTRANT FOR THE PERIOD FROM JANUARY 1, 1997 TO DECEMBER 31, 1997,
WHICH RESULTS ARE INCLUDED IN THE FORM 10-KSB FOR THE YEAR ENDED DECEMBER
31, 1997. THE RESTATED FINANCIAL INFORMATION FOR THE QUARTER ENDED MARCH
31, 1997, IS INCLUDED IN THE FORM 10-QSB FOR THE QUARTER ENDED MARCH 31,
1998. THIS RESTATED SCHEDULE IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAR-31-1997
<CASH> 473
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 473
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 913,973
<CURRENT-LIABILITIES> 848,428
<BONDS> 0
0
55,035
<COMMON> 172,787
<OTHER-SE> (162,277)
<TOTAL-LIABILITY-AND-EQUITY> 913,973
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 467,877
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> (467,877)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (467,877)
<EPS-PRIMARY> (0.029)
<EPS-DILUTED> (0.029)
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
WINNERS ALL INTERNATIONAL, INC.
FINANCIAL DATA SCHEDULE
QUARTER ENDED MARCH 31, 1998
10-QSB DATA
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEET OF WINNERS ALL INTERNATIONAL, INC. AND
SUBSIDIARIES AS OF MARCH 30, 1998, AND THE RELATED STATEMENT OF OPERATIONS
FOR THE THREE MONTH PERIOD ENDED MARCH 31, 1998, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> MAR-31-1998
<CASH> 2,792
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 35,528
<PP&E> 79,848<F1>
<DEPRECIATION> 5,155<F2>
<TOTAL-ASSETS> 4,366,103
<CURRENT-LIABILITIES> 1,861,700
<BONDS> 0
0
55,035
<COMMON> 357,655
<OTHER-SE> 1,308,692
<TOTAL-LIABILITY-AND-EQUITY> 4,366,103
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 588,072
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> (588,072)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (588,072)
<EPS-PRIMARY> (0.018)
<EPS-DILUTED> (0.018)
<FN>
<F1>Figure is Property and Equipment, Net, plus Accumulated Depreciation.
<F2>According to the registrant's records, Depreciation and Amortization
are $5,155 and $3,729, respectfully, for a total of $8,884.
</FN>
</TABLE>
