UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
AMENDMENT NO.1
INCORPORATING EXHIBIT NO. 27-FINANCIAL DATA SCHEDULE
(Mark One)
[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the Three Months Ended March 31, 1996.
OR
[ ] 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 0-19998
WORLD ACCESS, INC. (F/K/A RESTOR INDUSTRIES, INC.)
(Exact name of Registrant as specified in its Charter)
DELAWARE 65-0044209
(State of Incorporation) (I.R.S. Employer Identification No.)
4501 Vineland Road, Orlando, Florida 32811
(Address of principal executive offices) (Zip Code)
(407) 843-7031
(Registrant's telephone number)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
NONE
SECURITIES REGISTERED PURSUANT TO SECTION 12 (g) OF THE ACT:
Common Stock, Par Value $.01 Per Share
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 report(s), and (2) has been subject to such
filing requirements for the past 90 days.
YES X NO
------ ------
The number of shares outstanding of the Registrant's common stock, par
value $.01 per share, at May 15, 1996 was 13,245,850.
<PAGE>
II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a.) Exhibits
Exhibit No. Description
----------- ------------------------
27 Financial Data Schedule
(b.) Reports on Form 8-K
None
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this Amendment, to be signed on its behalf by
the undersigned, thereunto duly authorized.
WORLD ACCESS, INC.
By: /s/ Mark A. Gergel
---------------------------
Mark A. Gergel
Vice President
and Chief Financial Officer
Dated: JUNE 24, 1996
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 1ST
QUARTER FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS
</LEGEND>
<CIK> 0000876279
<NAME> WORLD ACCESS, INC. (F/K/A RESTOR INDUSTRIES, INC.)
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 2,083
<SECURITIES> 0
<RECEIVABLES> 10,358
<ALLOWANCES> 276
<INVENTORY> 6,833
<CURRENT-ASSETS> 19,762
<PP&E> 7,566
<DEPRECIATION> 5,273
<TOTAL-ASSETS> 29,361
<CURRENT-LIABILITIES> 8,031
<BONDS> 0
0
0
<COMMON> 132
<OTHER-SE> 17,598
<TOTAL-LIABILITY-AND-EQUITY> 29,361
<SALES> 12,393
<TOTAL-REVENUES> 12,393
<CGS> 9,454
<TOTAL-COSTS> 9,454
<OTHER-EXPENSES> 1,729
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 103
<INCOME-PRETAX> 1,210
<INCOME-TAX> 0
<INCOME-CONTINUING> 1,210
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,210
<EPS-PRIMARY> .09
<EPS-DILUTED> .09
</TABLE>
