U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 10-KSB/A No. 1
(Mark One)
X ANNUAL REPORT UNDER SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 [Fee Required]
For the fiscal year ended November
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 0-20936
DIVERSIFAX, INC.
(Name of Small Business Issuer in Its
Charter)
Delaware
13-3637458
(State or Other Jurisdiction of
(I.R.S. Employer
Incorporation or Organization)
Identification No.)
39 Stringham Avenue, Valley Stream, New
York 11580
(Address of Principal Executive Offices)
(Zip Code)
(516) 872-0650
(Issuer's Telephone Number
Including Area Code)
Securities registered under Section 12(b)
of the Exchange Act:
None
Securities registered under Section 12(g)
of the Exchange Act:
Common Stock, par value $.001 per
share
(Title of class)
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 the past 90 days.
YES X NO __
<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange
Act, the registrant caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
DIVERSIFAX, INC.
/s/ Irwin A. Horowitz
Date: March 21, 1997 _____________________________
Dr. Irwin A. Horowitz
Chairman of the Board, Chief
Executive Officer and President
Principal executive and principal
financial and accounting officer)
In accordance with the Exchange Act, this report has been
signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
Signature Title Date
/s/ Irwin A. Horowitz Director March 21, 1997
_______________________
Irwin A. Horowitz
_______________________ Director March , 1997
Mario DiNatale
/s/ Kenneth Ross Wolfe Director March 21, 1997
_________________________
Kenneth Ross Wolfe
/s/ Eugene Bilotti Director March 21, 1997
________________________
Eugene Bilotti
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1996
<PERIOD-END> NOV-30-1996
<CASH> 198,069
<SECURITIES> 0
<RECEIVABLES> 108,057
<ALLOWANCES> 0
<INVENTORY> 432,696
<CURRENT-ASSETS> 853,623
<PP&E> 3,723,424
<DEPRECIATION> 1,003,245
<TOTAL-ASSETS> 4,916,047
<CURRENT-LIABILITIES> 1,468,351
<BONDS> 0
0
0
<COMMON> 14,045
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 4,916,047
<SALES> 5,091,917
<TOTAL-REVENUES> 5,091,917
<CGS> 4,186,631
<TOTAL-COSTS> 4,186,631
<OTHER-EXPENSES> 2,938,176
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (7,309)
<INCOME-PRETAX> (2,032,890)
<INCOME-TAX> 137,977
<INCOME-CONTINUING> (2,170,867)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,170,867)
<EPS-PRIMARY> ($.15)
<EPS-DILUTED> ($.15)
</TABLE>
