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, 2000
[ ] 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: 0-24138
DIAMOND EQUITIES, INC.
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Nevada 88-0232816
- ------------------------------ ----------------------
(State of Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification Number)
216 South Alma School Road, Suite 10, Mesa, Az 85210
----------------------------------------------------
(Address of Principal Executive Offices)
(480) 462-5900
----------------------------------------------------
(Registrant's telephone number, including area code)
N/A
----------------------------------------------------
(Former name, former address and formal fiscal year,
if changed since last report)
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 and, (2) has been subject to such filing requirements
for the past 90 days.
Yes [X] No [ ]
As of March 31, 2000, Diamond Equities, Inc. Registrant had 8,180,099 shares of
its $0.001 par value common stock outstanding.
<PAGE>
EXPLANATORY NOTE REGARDING AMENDMENT NO. 1
This Amendment No. 1 is being filed solely to correct the omission of the
Financial Data Schedule from the Form 10-QSB for the quarter ended March 31,
2000, filed with the Commission on May 31, 2000.
<PAGE>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
27 Financial Data Schedule
(b) Reports on Form 8-K
None.
<PAGE>
Diamond Equities, Inc.
March 31, 2000
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.
Date: May 22, 2000 Diamond Equities, Inc.
By: /s/ David Westfere
------------------------------------
David Westfere, CEO and
Principal Financial Officer
11
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<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-01-1999
<PERIOD-END> MAR-31-2000
<EXCHANGE-RATE> 1
<CASH> 224,228
<SECURITIES> 0
<RECEIVABLES> 93,699
<ALLOWANCES> (13,606)
<INVENTORY> 79,677
<CURRENT-ASSETS> 388,927
<PP&E> 1,030,836
<DEPRECIATION> (375,051)
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<CURRENT-LIABILITIES> 329,443
<BONDS> 0
0
1,910,630
<COMMON> 8,180
<OTHER-SE> (774,827)
<TOTAL-LIABILITY-AND-EQUITY> 1,514,811
<SALES> 487,403
<TOTAL-REVENUES> 487,403
<CGS> 275,076
<TOTAL-COSTS> 614,272
<OTHER-EXPENSES> 150,922
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (552,866)
<INCOME-TAX> 0
<INCOME-CONTINUING> (552,866)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (550,196)
<EPS-BASIC> (.07)
<EPS-DILUTED> (.07)
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