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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 10 - QSB/A
(Mark One)
|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended June 30, 1996
|_| 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 1-13002
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PAGING PARTNERS CORPORATION
(Exact name of small business issuer as specified in its charter)
Delaware 22-3281446
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
Freehold Office Plaza
4249 Route 9N, Bldg. 2
Freehold, New Jersey 07728
(address of principal executive offices)
(908) 409-7088
(Issuer's telephone number)
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(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 Securities 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 |_|
State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: 5,657,143 shares of Common
Stock, $.01 par value, were outstanding, as of June 30, 1996.
Transitional Small Business Disclosure Format (check one):
Yes |_| No |X|
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<PAGE>
Form 10-QSB/A
INDEX
Page
PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
Financial Data Schedule Exhibit Number 27
SIGNATURES 2
1
<PAGE>
SIGNATURES
Pursuant to the requirements 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.
PAGING PARTNERS CORPORATION
/s/ Jeffrey M. Bachrach
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Dated: October 24, 1996 By: Jeffrey M. Bachrach
Chief Accounting Officer
2
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS FOR THE PERIOD ENDED JUNE 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<CASH> 1,040,000
<SECURITIES> 0
<RECEIVABLES> 1,092,000
<ALLOWANCES> 0<F1>
<INVENTORY> 450,000
<CURRENT-ASSETS> 2,629,000
<PP&E> 5,016,000<F2>
<DEPRECIATION> 0
<TOTAL-ASSETS> 8,349,000
<CURRENT-LIABILITIES> 1,293,000
<BONDS> 1,250,000<F3>
0
0
<COMMON> 57,000
<OTHER-SE> 5,749,000
<TOTAL-LIABILITY-AND-EQUITY> 8,349,000
<SALES> 1,000,000
<TOTAL-REVENUES> 3,348,000
<CGS> 1,082,000
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 4,164,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 26,000
<INCOME-PRETAX> (1,392,000)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,392,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,392,000)
<EPS-PRIMARY> (.28)
<EPS-DILUTED> (.28)
<FN>
<F1> Notes and accounts receivable - trade are reported net of allowances for
doubtful accounts in the Balance Sheet.
<F2> Property, plant, and equipment are reported net of accumulated depreciation
in the Balance Sheet.
<F3> Excludes current portion.
</FN>
</TABLE>
