U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB
X _____ Quarterly report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the quarterly period ended September 30, 1996
Transition report under Section 13 or 15(d) of the Securities Exchange Act of
1934 (No fee required)
For the transition period from to
Commission file number 1-11586
PTI HOLDING INC.
--------------------------------------------
(Name of small business issuer in its charter)
Delaware 13-3590980
------------------- -----------------
(State or jurisdiction (I.R.S.Employer
of incorporation or Identification No.)
organization)
c/o 15 E. North Street, Dover, DE 19901
- ---------------------------------------- -------
(Address of principal executive offices) (Zip Code)
(302) 678-0855
(Issuer's Telephone Number, Including Area Code)
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last
Report)
Check whether the issuer: (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 past 90 days.
Yes X No
State the number of shares outstanding of each class of the issuer's
classes of common equity, as of the latest practicable date. As of November 13,
1996, 3,487,936 shares of the issuer's common equity were outstanding.
<PAGE>
SIGNATURE
In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Dated: November , 1996
PTI HOLDING INC.
By/S/ Meredith W. Birrittella
---------------------------
Meredith W. Birrittella,
Chief Executive Officer (authorized signatory)
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> SEP-30-1996
<CASH> 449,278
<SECURITIES> 0
<RECEIVABLES> 2,820,960
<ALLOWANCES> 65,748
<INVENTORY> 2,984,605
<CURRENT-ASSETS> 7,384,340
<PP&E> 1,152,153
<DEPRECIATION> 696,759
<TOTAL-ASSETS> 9,505,022
<CURRENT-LIABILITIES> 2,282,274
<BONDS> 0
0
2,500
<COMMON> 34,784
<OTHER-SE> 7,126,714
<TOTAL-LIABILITY-AND-EQUITY> 7,161,498
<SALES> 13,532,363
<TOTAL-REVENUES> 13,532,363
<CGS> 9,717,716
<TOTAL-COSTS> 9,717,716
<OTHER-EXPENSES> 1,901,156
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 24,074
<INCOME-PRETAX> 1,926,199
<INCOME-TAX> 640,080
<INCOME-CONTINUING> 1,913,491
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,286,119
<EPS-PRIMARY> .33
<EPS-DILUTED> .33
</TABLE>
