MULTI MEDIA TUTORIAL SERVICES INC
10KSB/A, 1997-06-20
MOTION PICTURE & VIDEO TAPE PRODUCTION
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  FORM 10-KSB/A
                  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


For Fiscal Year Ended February 28, 1997           Commission File Number 0-25758
                                                                         -------

                       MULTI-MEDIA TUTORIAL SERVICES, INC.
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

         Delaware                                               73-1293914
- ------------------------------                            ----------------------
(State or other jurisdiction of                             (I.R.S. Employer
incorporation or organization)                            Identification Number)

        205 Kings Highway
        Brooklyn, New York                                         11223
- ---------------------------------------                         -----------
(Address of Principal Executive Offices)                         (Zip Code)

        Registrant's telephone number,
        including Area Code:                                  (718) 234-0404
                                                              --------------

          Securities registered pursuant to Section 12(b) of the Act:
                                      None
                                      ----
          Securities registered pursuant to Section 12(g) of the Act:
                     Common Stock (par value $.01 per share)
                     ---------------------------------------
                                 Title of Class
                               Redeemable Warrants
                               -------------------
                                 Title of Class
                                      Units
                                      -----
                                 Title of Class

         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 twelve (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 ninety (90) days. Yes X  No
                                                           ---   ---

         Check if there is no disclosure of delinquent filers pursuant to Item
405 of Regulation S-B is not contained herein, and will not be contained, to the
registrant's best knowledge, in definitive proxy or information statements
incorporated by reference in Part III f this Form 10-KSB or any amendment to

this Form 10-KSB. [ ]

         State Issuer's revenues for its most recent fiscal year: $7,890,397

         State the aggregate market value of voting stock held by non-affiliates
computed by reference to the price at which the stock was sold or the average
bid and asked prices of such stock, as of a specified date within the past 60
days: $654,453 as of June 2, 1997.

         State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practical date. As of June 11, 1997, there
were 6,213,297 shares of common stock outstanding.

         Documents incorporated by reference: See Index to Exhibits

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Item 13. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.
         ----------------------------------------------------------------

         3.       Exhibits   This amendment on Form 10-KSB/A is being filed in
                  order to include Exhibit 23 -- Consent of Holtz Rubenstein &
                  Co., LLP.

SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.

                                             MULTI MEDIA TUTORIAL SERVICES, INC.

                                          By: /s/ Morris Berger
                                              ----------------------------------
                                              Morris Berger, CEO and Director
Dated: June 19, 1997
       -------------

         Pursuant to the requirements of the Securities Exchange Act of 1934,
this Report has been signed below as of June 19, 1997 by the following persons
on behalf of Registrant and in the capacities indicated.

                                          /s/Morris Berger
                                          --------------------------------------
                                          Morris Berger, CEO and Director

                                          /s/Barry Reichman
                                          --------------------------------------
                                          Barry Reichman, President and Director

                                          /s/Anne Reichman
                                          --------------------------------------
                                          Anne Reichman, Secretary and Director

                                          /s/Irving Bader
                                          --------------------------------------
                                          Irving Bader, Director

                                          /s/Werner Haase
                                          --------------------------------------
                                          Werner Haase, Director

                                          /s/Gary M. Simon
                                          --------------------------------------
                                          Gary M. Simon, Chief Financial Officer
                                          and Principal Accounting Officer

                                      2


<PAGE>

EXHIBIT 23

                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

We hereby consent to the incorporation by reference into the Registration
Statements on Form S-3 (No. 333-11187 and No. 333-17165) of our report dated
April 25, 1997 (except for Note 17, as to which the date is June 5, 1997) with
respect to the consolidated financial statements of Multi-Media Tutorial
Services, Inc. included in the Annual Report (Form 10-KSB) for the year ended
February 28, 1997.

/s/ Holtz Rubenstein & Co., LLP
- -------------------------------
HOLTZ RUBENSTEIN & CO., LLP
Melville, New York
June 17, 1997



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