SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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: March 31, 1998
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE OF 1934
For the transition period from to
Commission file number: 0-24736
BioProgress Technology International, Inc.
(formerly Famous Sam's Group Inc.)
(Exact name of small business issuer as specified in its charter)
Nevada
(State or other jurisdiction of 88-0361701
incorporation or organization) (I.R.S. employer
identification number)
9055 Huntcliff Trace, Atlanta, Georgia
(Address of Principal executive offices) 30350-1735
(Zip Code)
Registrant's telephone number, including area code: (770) 641-0264
Indicate by check mark whether the issuer (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 reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes No X
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date: As of July 31, 1998, there were
approximately 4,999,753 shares outstanding.
<PAGE>
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
Exhibit 27 - Financial Data Schedule
- 2 -
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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 as of this 7th day of
August, 1998.
BIOPROGRESS TECHNOLOGY INTERNATIONAL, INC.
(Registrant)
By: /s/ Barry J. Muncaster
----------------------
Barry J. Muncaster, President
and Chief Executive Officer
/s/ James T.C. Longley
----------------------
James T. C. Longley, Chief Financial
Officer
(Principal Financial Officer)
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> MAR-31-1998
<CASH> 500
<SECURITIES> 0
<RECEIVABLES> 96,994
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 97,494
<PP&E> 4,000
<DEPRECIATION> 0
<TOTAL-ASSETS> 101,494
<CURRENT-LIABILITIES> 13,670
<BONDS> 0
0
0
<COMMON> 5000
<OTHER-SE> 87,823
<TOTAL-LIABILITY-AND-EQUITY> 101,494
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 191,177
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (191,177)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (191,177)
<EPS-PRIMARY> (0.01)
<EPS-DILUTED> (0.01)
</TABLE>
