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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-KSB/A-2
(Mark One)
[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) [No Fee Required]
OF THE SECURITIES EXCHANGE ACT OF 1934 ---------------
For the fiscal year ended March 28, 1998
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) [No Fee Required]
OF THE SECURITIES EXCHANGE ACT OF 1934 ---------------
For the transition period from ___________________ to ________________________
Commission file number 0-25528
ENVIROQ CORPORATION
(Name of small business issuer in its charter)
Delaware 59-3290346
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3918 Montclair Road, Suite 206
Birmingham, Alabama 35213
(Address of principal executive offices) (Zip Code)
Issuer's telephone number: (205) 870-0588
Securities registered under Section 12(b) of the Exchange Act:
Title of each class Name of each exchange on which registered
None None
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Securities registered under Section 12(g) of the Exchange Act:
Common Stock
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(Title of class)
Check 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 X NO
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Check if there is no disclosure of delinquent filers in response to
Item 405 of Regulation S-B is not contained in this form, and no disclosure
will be contained, to the best of registrant's knowledge, in definitive proxy
or information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB. [X]
As of June 4, 1998, the aggregate market value of the voting stock of
the Registrant held by non-affiliates was approximately $1,379,414, based on
$3.25 per share being an average of the bid and asked prices listed on the OTC
Bulletin Board system.
State issuer's revenues for its most recent fiscal year: $1,304,357
As of June 4, 1998, the Registrant had issued 1,009,377 shares of
Common Stock, par value $0.01.
Transitional Small Business Disclosure Format YES NO X
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this amended report to be
signed on its behalf by the undersigned, thereunto duly authorized.
ENVIROQ CORPORATION
Date: October 7, 1998 By: /s/ William J. Long
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William J. Long, President
and Chief Executive Officer
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INDEPENDENT AUDITORS' REPORT
To The Board of Directors and Stockholders of
Enviroq Corporation:
We have audited the accompanying consolidated balance sheets of Enviroq
Corporation and subsidiaries as of March 28, 1998 and March 29, 1997, and the
related consolidated statements of income, stockholders' equity, and cash flows
for the years then ended. These financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion on these
financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all
material respects, the financial position of Enviroq Corporation and
subsidiaries as of March 28, 1998 and March 29, 1997, and the results of their
operations and their cash flows for the years then ended in conformity with
generally accepted accounting principles.
Birmingham, Alabama
May 11, 1998 /s/ DELOITTE & TOUCHE LLP
