Company:  MASTER GLAZIERS KARATE IN ... (KICK)
Form Type:  10KSB
Filing Date:  4/15/1997 
CIK:  0000906249 
Address:  570 N BROAD ST STE 16 
City, State, Zip:  ELIZABETH, New Jersey 07029 
Telephone:  (908) 354-2349 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
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Change: 
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Trade Time: 
 
Market Cap: 
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Description of Business
Master Glazier's Karate International, Inc., a Delaware corporation incorporated on March 22, 1993 (the"Company") manages and operates two (2) Master Glazier Karate Centers (the"Karate Centers") located in Pennsylvania. The Company was formed to acquire and operate several companies engaged in the martial arts instruction service business. Until March 1997, the Company operated seven (7) Karate Centers one (1) directly and six (6) through wholly owned subsidiaries. During the two year period following the Company's initial public offering in 1993, the Company pursued an aggressive expansion program. The Company long believed that by increasing the number of students and overall revenues it would reduce its overhead costs per student. This would enable the Company to operate profitably.
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  FORM 10KSB
    PART I
      Item 1. BUSINESS.
      Item 2. PROPERTIES
      Item 3. LEGAL PROCEEDINGS.
      Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
    PART II
      Item 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
        Liquidity and Capital Resources
      Item 7. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
      Item 8. CHANGES IN AND DISAGREEMENT WITH ACCOUNTANTS ON ...
    PART III
      Item 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
        NAME AND TITLE
      Item 10. EXECUTIVE COMPENSATION.
        COMPENSATION TABLE
      Item 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND ...
        BENEFICIAL OWNERS
      Item 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
    PART IV
      Item 13. EXHIBITS AND REPORTS ON FORM 10-KSB
    SIGNATURE
        INDEPENDENT AUDITOR'S REPORT
        BALANCE SHEET
        INCOME STATEMENT
        STOCKHOLDERS EQUITY
        CASH FLOW
        CASH FLOW
        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
BROKERAGE PARTNERS