SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C. 20549
               UNDER REPORT UNDER SECTION 13 or 15(d) OF 
                THE SECURITIES AND EXCHANGE ACT OF 1934
   
   For the Fiscal Year Ended: June 30, 1996      Commission File No. 
                                                     2-78287-NY
   
                         FOOD CONCEPTS, INC.
   exact name of registrant as specified in its charter
   
             NEVADA                                   13-3124057
   (State or other jurisdiction of                 (I.R.S. Employer
     incorporation or organization)               Identification No.)
   
                            6601 Lyons Road
                               Suite C-12
                      Coconut Creek, Florida 33073
                (address of principal executive office)
   
   Registrant's telephone number, including area code:(954) 420-0882
   
   Indicate by check mark whether the registrant has filed all
   annual, quarterly and other reports required to be filed with the
   Commission within the past ninety days and in addition, has filed
   the most recent annual report required to be filed.
   Yes [x]   No [ ]
   
          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
             PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
   
   Indicate by check marks whether the registrant has filed all
   documents and reports required to be filed by Sections 2, 13 or
   15(d) of the Securities Exchange Act of 1934 subsequent to the
   distribution of securities under a plan confirmed by a court.
   Yes [ ]   No [ ]
   
                APPLICABLE ONLY TO CORPORATE ISSUERS:
                                   
   Indicate the number of shares outstanding of each of the issuer's
   classes of common stock, as of the latest practicable date.
   
   Common Stock $.0001 par value,             3,894,744
        (Title of Class)              (Shares outstanding at
                                          June 30, 1996)
   
   <PAGE>                        1
   
   ITEM 1.  BUSINESS
   
   General
   
        Food Concepts, Inc., the Company, formerly known as Granite,
   Ltd. and then Savon Coffee, Inc. was incorporated under the law
   of the State of Nevada on June 16, 1982.  
   
        The Company was founded to provide gourmet and specialty
   coffees to consumers.  Food Concepts is a roaster, packer and
   seller of roasted coffees and produces over 70 flavored coffees. 
   It distributes it's products through sales representatives
   advertising specialty companies and the United States Army.  In
   addition, the Company sells orders obtained directly from
   customers such as restaurants, coffee houses and retailers.  
   
        The Company has approximately 700 accounts and a market that
   is very diversified.  
   
        The Company purchases its coffee beans through coffee
   importers and agents.  The principal sources for such raw
   materials are South America, Central America and Africa as well
   as any other areas where coffee beans are grown and exported.  It
   is the Company's opinion that sources of raw materials while
   their prices do fluctuate are plentiful on the world market.
   
        Food Concepts owns the registered intellectual property
   right charters listed as follows:
   
        "Coffee Lovers Six Pack" (registered mark number
   151,553,926, said mark having been registered with United States
   Patent Office and the mark was issued on August 29, 1989 and is
   valid for 20 years).
   
        "Coffee Lovers Coffee" (registered mark number 1,673566
   registered in the United States Patent Office and issued on
   January 28, 1992 and valid for 10 years).  
   
        The above marks have been registered in applicable states
   where necessary.   
   
   
   ITEM 2. PROPERTIES
   
        The Company presently leases 6800 square feet of warehouse
   and office space at 6601 Lyons Road, Suite C-12, Coconut Creek,
   Florida 33073.  The term of said lease is for five years and two
   months commencing the 12th day of February, 1996.  The rent for
   the first 26 months is fixed and the remaining 36 months is
   subject to a formula which is provided in the lease.  
   
   <PAGE>                        2
   
   ITEM 3. LEGAL PROCEEDINGS
   
        Coffee House Holding Company has filed a law suit against
   Savon Coffee in the amount of $7,524 plus a percentage of gross
   profit for not fulfilling an agreement to purchase coffee
   exclusively from Coffee House Holding.  The Company expects to be
   successful in this matter.
   
        The Company has commenced an action in the Circuit Court of
   the Seventeenth Judicial Circuit in and for Broward County,
   Florida bearing docket number 96-09431-11 entitled Food Concepts,
   Inc. vs. Lasorda's Dug Out, Inc., a Florida corporation, et al. 
   The Company is seeking damages in the amount of $200,000.  The
   Company expects to be successful in this matter.
   
   
   ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
   
        Not Applicable.
   
   
                                PART II
   
   ITEM 5.   MARKET FOR THE COMPANY'S COMMON STOCK AND RELATED   
             STOCKHOLDER MATTERS
   
        On October 25, 1995 Granite, Ltd. the predecessor of Food
   Concepts, Inc. acquired all of the outstanding stock of Savon
   Coffee, Inc. for 20,000,000 shares of Granite common stock $.0001
   par value which was subsequently reverse split one for ten
   leaving 2,000,000 shares $.001 par value which then constituted
   approximately 85.6 percent of the corporation Granite reserved or
   issued outstanding securities in consideration for the conveyance
   of all shares of Savon stock which then constituted 100 percent
   of Savon's authorized issued and outstanding securities.  In
   conjunction therewith the Certificate of Incorporation of Granite
   was amended affecting a one for ten reverse split of the
   corporations common stock $.0001 par value (converting the
   50,000,000 shares then authorized into 5,000,000 shares, $.001
   par value, and the 3,327,300 then outstanding into 332,700
   shares, $.0001 par value, followed by an increase in the
   resulting authorized capitalization of Granite from 5,000,000
   shares, $.0001 par value to 20,000,000, $0001 par value. 
   Subsequent thereto the name of the Company was changed from
   Granite, Ltd. to Savon Coffee, Inc. a Nevada corporation and said
   Savon subsequently had its name changed to Food Concepts, Inc. a
   Nevada corporation on March 26, 1996.  The common stock and
   warrants are traded in the over the counter market on a National
   Association of Security Dealers Automatic Quotation System
   (NASDAQ).  There is no other 
   
   <PAGE>                        3
   
   established market for the Company's securities.  The following
   table sets forth the range of high and low bid prices for the
   Company's common stock as quoted by NASDAQ.  These quotations set
   forth below represent prices between dealers in securities and do
   not reflect retail markups, markdowns, or commissions and do not
   necessarily represent actual transactions.  
   <TABLE>
   <CAPTION>
                                 SHARES OVER THE COUNTER
   
                                 BID                 OFFER
   <S>                           <C>                 <C>
   Quarter Ending                High 1 cent         1 cent
   June 30, 1995                 Low 1 cent          1 cent
   
   Quarter Ending                High 1 cent         1 cent
   October 31, 1995              Low 1 cent          1 cent
   
   Quarter Ending                High $1.00          $1.125
   February 28, 1996             Low 75 cents        $1.00
   
   Quarter Ending                High .968 cents     .9375 cents
   June 30, 1996                 Low .85 cents       .83 cents
   
   Number of Shareholders   -    374
   Dividends                -    None
   </TABLE>
   
        As of June 30, 1996 there were in excess of 350 shareholders
   (based on the number of shareholders of record and an
   approximation of the number of beneficial owners of common
   stock).  Holders of common stock are entitled to dividends when,
   as, and if declared by the Board of Directors out of funds
   legally available therefore.  The Company has not paid any cash
   dividends on its common stock and, for the immediate future,
   intends to retain earnings, if any, to finance development and
   expansion of its business.  Future dividends policy is subject to
   the discretion of the Board of Directors.
   
   
   ITEM 6.  SELECTED FINANCIAL DATA
   <TABLE>
   <S>                                               <C>
   Operating Income                                  $(74,896.00)
   Income from Continuing Operations                 $(74,896.00)
   Total Income                                      $(95,482.00)
   Loss per Share                                    $(.041)
   Total Assets                                      $340,332.00
   Current Liabilities                               $198,523.00
   Long Term Obligations                             $        -0-
   Dividends                                         $        -0-
   </TABLE>
   <PAGE>                        4
   
   ITEM 7.   MANAGEMENTS DISCUSSIONS AND ANALYSIS OF FINANCIAL CONDITION
               AS A RESULT OF OPERATIONS.
   
   Liquidity and capital resources
   
   OPERATIONS.  The Company, Food Concepts, Inc., which evolved from
   Savon Coffee, Inc. was originally founded by its now president
   and vice president Herbert Glaubman and Francis Resnick
   respectively in August of 1986.  The Company was originally
   located at 5197 Northwest 15th Street, Margate, Florida.  The
   Company has maintained various locations from August 1986 through
   1993 during which time the Company was a development stage
   enterprise funded primarily by the founders.  On October 27, 1995
   the Company by virtue of a reorganization agreement wherein
   Granite, Ltd., a publicly traded Nevada corporation, acquired
   Savon Coffee, Inc. which subsequently changed its name to Food
   Concepts, Inc. became a public company trading its stock on the
   OTC bulletin board.
   
        The Company does not presently have any specific plan or
   arrangement for alternate financing and there is no assurance
   that any will be available to the Company.
   
   ACQUISITIONS
   
        On October 27, 1995, the Company acquired all of the issued
   and outstanding common stock of Savon Coffee, Inc. whose
   principal business consists of manufacture and direct sales
   distributing of Gourmet Coffee, for 20,000,000 shares (pre-split)
   of common stock.
   
        On January 1, 1996, the Company acquired all of the issued
   and outstanding common stock of Palm Beach Gourmet Coffee, Inc.,
   whose principal business is direct sales of Gourmet Coffee, in
   exchange for 50,000 shares of common stock of the Company.
   
   
   ITEM 8.  FINANCIAL DATA
   
                          FOOD CONCEPTS, INC.
                            AND SUBSIDIARIES
   
                      AUDITED FINANCIAL STATEMENTS
                             JUNE 30, 1996
   
   <PAGE>                        5
   
                 FOOD CONCEPTS, INC.  AND SUBSIDIARIES
   
   
   
   
                           TABLE OF CONTENTS

   
        Report of Certified Public Accountants
          on the Financial Statements                                   6
   
        Financial Statements
   
        Consolidated Balance Sheet                                      8
        Consolidated Statement of Operations                            9
        Consolidated Statement of Shareholders, Equity                 10
        Consolidated Statement of Cash Flows                           11
        Notes to Consolidated Financial Statements                12 - 15
   
   <PAGE>                        6
   
   JOEL S. BAUM P.A.
   
   CERTIFIED PUBLIC ACCOUNTANT                         MEMBER
                            AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
                              FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
                                    AICPA SEC. & PRIVATE COMPANIES DIVISION
   
                      INDEPENDENT AUDITORS' REPORT
   
   
   To the Board of Directors and Stockholders of
        Food Concepts, Inc. and Subsidiaries
   
   
   We have audited the accompanying consolidated balance sheet of
   Food Concepts, Inc and Subsidiaries as of June 30, 1996 and the
   related consolidated statement of operations, stockholders,
   equity and cash flows for the year then ended.  These
   consolidated financial statements are the responsibility of the
   Company's management.  Our responsibility is to express an
   opinion on these consolidated financial statements based on our
   audit.
   
   We conducted our audit 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 audit provides a reasonable basis for our opinion.
   
   In our opinion, the financial statements referred to above
   present fairly, in all material respects the financial position
   of Food Concepts, Inc. and Subsidiaries as of June 30, 1996 and
   the results of its operations for the year then ended in
   conformity with generally accepted accounting principles.
   
                                 /S/ JOEL BAUM
                                     JOEL BAUM P.A.
   
   Coral Springs, Florida
   September 1, 1996
          1515 University Drive, Coral Springs, Florida 33071
          N. Broward (305) 752-1712, S. Broward (305) 344-6994
   
   <PAGE>                        7
   
                 FOOD CONCEPTS, INC., AND SUBSIDIARIES
                       CONSOLIDATED BALANCE SHEET
                             JUNE 30, 1996
   
   <TABLE>
   <CAPTION>
                                                             1996
                                 ASSETS
   <S>                                                        <C>
   Current Assets
        Cash and Cash Equivalents                         $  (11,201)
        Accounts Receivable                                  127,387
        inventory (Note 1)                                   180,946
        Prepaid Expenses                                         375
             Total Current Assets                            297,507
   
   Property, Plant & Equipment (Note 2)
      (Net of Accumulated Depreciation of $27,221)            36,165
   
        Other Assets
        Refundable Deposits                                    6,660
   
             Total Assets                                    340,332
   </TABLE>
   
   <TABLE>
   <CAPTION>
                  LIABILITIES and SHAREHOLDERS' EQUITY
   <S>                                                        <C>
   Current Liabilities
        Accounts Payable                                   $ 134,988
        Accrued Expenses                                      11,743
        Notes Payable - Short-Term (Note 3)                   51,792
             Total Current Liabilities                       198,523
   
        Shareholders' Equity
        Common Stock - $.001 par value;
        authorized 20,000,000; issued and
        outstanding - 3,894,744 shares at
        June 30, 1996                                          3,895
   
        Additional Pain-In-Capital                           895,219
   
        Accumulative Deficit                                (757,305)
   
        Total Shareholders' Equity                           141,809
   
             Total Liabilities & Shareholders' Equity      $ 340,332
   
   
      See Accompanying Notes to consolidated Financial Statements.
   </TABLE>
   <PAGE>                   8
   
   
                          FOOD CONCEPTS, INC.
                  CONSOLIDATED STATEMENT OF OPERATIONS
                        YEAR ENDED JUNE 30, 1996
   <TABLE>
   <CAPTION>                                                        
                                                             1996
   <S>                                                        <C>
   Sales                                                  $ 745,671
   Cost of Sales                                            363,061
   Gross Profit                                             382,610
   Operating Expenses:
        General & Administrative                            457,506
   Loss Before Interest Expense                             (74,896)
   Interest Expense                                          20,586
   Net Loss Before Income Taxes                             (95,482)
   Provision for income Taxes (Note 1)                        - 0 -
   Net Loss                                                $(95,482)
   
   Loss Per Common Share (Note 1)                             (.041)
   
   Weighted Average Common Shares outstanding (Note 1)     2,308,900
   </TABLE>
   
      See Accompanying Notes to Consolidated Financial Statements.

   <PAGE>                   9
   

                 FOOD CONCEPTS, INC.  AND SUBSIDIARIES
             CONSOLIDATE STATEMENT OF SHAREHOLDERS' EQUITY
                             JUNE 30, 1996
   
   <TABLE>
   <CAPTION>
                                      ADDITIONAL
                            COMMON    PAID-IN        ACCUMULATED
                            STOCK     CAPITAL        DEFICIT
   <S>                      <C>       <C>            <C>
   Balance June 30, 1996      333     $455,810       $(540,773)
   
   Additional Stock issued
     For Acquisition of
     Subsidiary
     October 27, 1995       1,900       - 0 -          (74,473)
   
   Additional Stock Issued
     for Acquisition of
     Subsidiary
     January 1, 1996           50       - 0 -          (46,577)
   
   Additional Stock Issued
     for S-8 offering
     January 4, 1996          600       - 0 -           - 0 -
   
   Additional stock Issued
     for S-8 offering
     May 2, 1996              900       - 0 -           - 0 -
   
   Additional Stock Issued
     For Shareholders'
     Contribution             112      439,409          - 0 -
   
   Net Loss June 30, 1996     - 0 -     - 0 -          (95,482)
   
             TOTAL:         3,895     $895,219        (757,305)
   </TABLE>
   
      See Accompanying Notes to Consolidated Financial Statements-

   <PAGE>                        10

                  FOOD CONCEPTS, INC.  AND SUBSIDIARIES
                  CONSOLIDATE STATEMENT OF CASE FLOWS
                             JUNE 30, 1996
   <TABLE>
   <CAPTION>
                                                          1996
   <S>                                                    <C>
   Cash Flows From Operations:
     Net Income (Loss)                                   (95,482)
   
   Adjustments to Reconcile Net Income To
     Net Cash Used for Operating Activities:
   
        Depreciation                                       9,876
        Shareholder Loan Contributed to Capital          (93,534)
   
   Changes in Assets and Liabilities:
   
        (Increase) Decrease in Accounts Receivable       (36,660)
        (Increase) Decrease in Loans Receivable            2,390
        (Increase) Decrease in Inventory                (112,959)
     (Increase) Decrease in Other Assets                    (525)
        Increase (Decrease) in Accounts Payable           61,609
        Increase (Decrease) in Accrued Expenses          (48,260)
        Increase (Decrease) in Notes Payable             125,087)
           Net Cash (Used) Provided by operations       (438,632)
   
   Cash Flows From Investing Activities:
   
        Purchase of Property, Plant & Equipment           (19,707)
        Issuance of Common Stock                            3,392
        Additional Paid-In Capital generated as a
          result of issuance of Common Stock              454,204
   
             Net Cash Provided By (Used for)
               investing Activities                       437,859
   
   Net Increase (Decrease) in Cash                           (773)
   
   Cash - Beginning of Year                                (10,428)
   
   Cash - End of Year                                      (11,201)
   </TABLE>
   
      See Accompanying Notes to Consolidated Financial Statements.

   <PAGE>                        11
   
                  FOOD CONCEPTS, INC AND SUBSIDIARIES
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           SEPTEMBER 30, 1996
   
   NOTE 1 -  BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   
   A.   Organization and Business
        Food Concepts, Inc. was organized under the laws of the
        State of Nevada on June 16, 1982.  On October 27, 1995 the
        Company reorganized and acquired Savon Coffee, Inc. as a
        wholly owned subsidiary.  On January 1, 1996, the Company
        acquired Palm Reach Gourmet Coffee, Inc. as a wholly owned
        subsidiary.  The principal business of the Company is direct
        sales distributing of Gourmet Coffee, offering more than
        seventy coffee blends as well as gift coffee packages,
        private label coffee and special coffee roasting services.
   
   B.   Significant Accounting Policies
   
        Basis of Accounting:
        The Company policy is to prepare its financial statements
        using the accrual basis of accounting in accordance with
        generally accepted accounting principles.
   
        Inventory:
        Inventory is valued at the lower of cost or market
        determined by the weighted average method.
   
        Property, Equipment and Depreciation:
        Property and equipment are recorded at cost.  The company
        charges expenditures for additions or major replacements to
        the asset accounts.  The Company provides for depreciation
        using the straight-line method over the estimated useful
        lives of the assets (5-10 years).
   
        Income Taxes
        In February 1992, the Financial Accounting Standards Board
        issued Statement on Financial Accounting Standards 109 of
        "Accounting for Income Taxes." Under Statement 109, deferred
        tax assets and liabilities are recognized for the estimated
        future tax consequences  to differences between the
        financial statement carrying amounts of existing assets and
        liabilities and their respective tax basis.
   
        Deferred tax assets and liabilities are measured using
        enacted tax rates in effect for the year in which those
        temporary differences are expected to be recovered or
        settled.  Under Statement 109, the effect on deferred tax
        assets and liabilities of a change in tax rates is
        recognized in income in the period that includes the
        enactment date.
   
        Net Loss Per Common Share:
        Net loss per common share is computed by dividing net loss
        by the weighted average number of common shares outstanding
        during the period.  For the year then ended June 30, 1996,
        the Company's common shares outstanding were 2,308,900.

   <PAGE>                        12
   
                  FOOD CONCEPTS, INC AND SUBSIDIARIES
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             June 30, 1996
   
   
   NOTE 2 -  PROPERTY, PLANT AND EQUIPMENT
   <TABLE>
                                                     JUNE 30, 1996
             <S>                                     <C>
             Consists of the Following:
   
             Equipment                               $ 55,118
             Office Furniture and Equipment             1,235
             Leasehold Improvements                     7,033
                  Total                                63,386
        Less: Accumulated Depreciation                (27,221)
   </TABLE>
   
   NOTE 3 -  NOTES PAYABLE
   <TABLE>
                                                       1996
             <S>                                     <C>
             Note due to First Union
             secured by inventory and equipment      $ 13,789
   
             Loan factor                               38,003
   
             Total Notes Payable                          792
   </TABLE>
   
   NOTE 4 -  MAJOR CUSTOMERS
   
        Major customers include the Christmas Tree Shop and Anron
        Coffee & Tea, Inc.
   
   NOTE 5 -  LAWSUIT COFFEE HOLDING COMPANY
   
        Coffee Holding Company has filed a lawsuit against
        Savon/Coffee in the amount of $7,524 plus a percentage of
        gross profit for not fulfilling an agreement to purchase
        coffee exclusively from Coffee Holding Company.
   
   NOTE 6 -  ACQUISITIONS
   
        A.   On October 27, 1995, the Company acquired all of the
             issued and outstanding common stock of Savon Coffee,
             Inc. whose principal business consists of manufacture
             and direct sales distributing of Gourmet coffee, for
             20,000,000 shares (pre-split) of common stock.  The
             acquisition was accounted for under the pooling of
             interest method and the acquired company activity for
             the full period reported on is included.
   
        B.   On January 1, 1996, the Company acquired all of the
             issued and outstanding common stock of Palm Reach
             Gourmet Coffee, Inc,, whose principal business is
             direct sales of Gourmet Coffee, in exchange for 50,000
             shares of common stock of the Company.  The acquisition
             was accounted for under the pooling of interests
             method.  Under the pooling method the acquired company
             activity for the full period reported on is included.
   
   <PAGE>                        13
   
                   FOOD CONCEPT, INC AND SUBSIDIARIES
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             JUNE 30, 1996
   
   NOTE 7 -  LEASING ARRANGEMENTS
   
             Operating Lease
   
             The Company conducts it operation from facilities that
             are leased under a five year lease ending April 30,
             2001.  The lease calls for monthly rent payments
             starting in February, 1996 of $2,692.00 per month plus
             a pro-rata share of real property taxes.  The Company
             also has various leases with various expiration dates,
   
             Future Minimum Lease Payments
   
             Future minimum lease payments for operating leases at
             June 30, 1996 are:
   <TABLE>
   <CAPTION>
             Year Ended                              Operating
             June 30                                 Leases
             <C>                                     <C>
             1997                                    $ 47,841
             1998                                      50,391
             1999                                      45,663
             2000                                      41,789
             2001                                      30,758
   
        Total Minimum Payments                       $216,442 
   </TABLE>
   
   NOTE 8 -  COMMITMENTS AND CONTINGENCIES
   
             A Subsidiary of the Company has incurred approximately
             $5,210 plus interest and penalties of unpaid payroll
             tax liabilities to the Internal Revenue Service.  A
             payment plan of $500 per month has been worked out with
             the government on the satisfaction of this outstanding
             liability.  It is to begin September 15, 1996.
   
   NOTE 9 -  DEFERRED
   
             As discussed in Note 1, the Company has applied the
             provision of Statement 109.  The significant components
             of deferred income tax expense (benefit) for the year
             ended June 30, 1996:
   
                  Current Loss             $ 149,162
                  Valuation Allowance       (149,162)
                                           $     - 0 -
   
        The valuation allowance has been estimated at 100%.
   
   
   <PAGE>                        14
   
                  FOOD CONCEPTS, INC AND SUBSIDIARIES
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             JUNE 30, 1996
   
   NOTE 10 - SUPPLEMENTAL CASH FLOW INFORMATION
   
             Year Ended
             June 30. 1996
   
             Taxes Paid                    $ 2,239 - Total
             Interest Paid                  20,586 - Total
   
   
   ITEM 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON  
             ACCOUNTING AND FINANCIAL DISCLOSURE
   
             Not applicable.
   
   <PAGE>                        15
   
                                PART III
   
   ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE COMPANY
   
   Directors and Executive Officers
   
        Directors of the Company hold office until the next annual
   meeting of Stockholders (which is expected to be held in July,
   1997) and until their successors have been elected and shall
   qualify or until their death, resignation or removal from office.
   The officers of the Company are elected by the Board of Directors
   at the first meeting after each annual meeting of the Company's
   Stockholders, and hold office until their successors are chosen
   and qualified, or until their death, resignation or removal from
   office. The directors and officers of the Company are as follows:
   <TABLE>
   <CAPTION>
   NAME                               TITLE
   <C>                                <C>
   Herbert Glaubman                   
   Director since October 1995        Director, President and CEO
   
   Francis Glaubman
   Director since October 1995        Director and Secretary
   
   Harold Strulowitz   
   Director since March 1996          Director
   </TABLE>
   
        The following information is provided with respect to the
   directors.
   <TABLE>
   <CAPTION>
   NAME                               TITLE
   <C>                                <C>
   
   HERBERT GLAUBMAN
   Age 66                        Founder of the Company
   
   FRANCIS GLAUBMAN
   Age 52                        Co-founder of the Company
   
   HAROLD STRULOWITZ   
   Age 53                        Certified public account and
                                 president of Palm Beach Gourmet
   </TABLE>
   
        Officer-Directors do not presently receive compensation for
   serving on the Board. At present, there are no pension, profit
   sharing or other forms of deferred compensation presently
   available to any employee of the Company. 
   
   <PAGE>                        16
   
   ITEM 11.  EXECUTIVE COMPENSATION
   
        The following table sets forth the aggregate cash
   compensation paid by the Company during the fiscal year ended
   June 30, 1996 to all executive officers of the Company as a group
   and to all executive officers of the Company each of whose total
   cash compensation exceeded $60,000.00 for services in all
   capacities.
   <TABLE>
   <CAPTION>
   Name of Individual       Capacities in            Cash
   or Group                 which served             Compensation
   <C>                      <C>                      <C>
   Herbert Glaubman         President and CEO         $       -0-
   
   Francis Glaubman         Vice President and 
                            Secretary                 $55,000.00
   
   All executive officers
   as a group including
   individuals named above 
   (2 persons)                                        $55,000.00
   </TABLE>
   
        All executive officers are not covered by the Company's
   major medical insurance and disability plans. The officers of the
   Company presently have use of an automobile leased by the
   Company.
   
   
   ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
                MANAGEMENT
   
        The following table sets forth the number and percentage, as
   of June 30, 1996 of the company's Common Shares owned of record
   and/or beneficially by each person owning more than 5% of such
   Common Shares, by each Director who owns any shares of the
   Company and by all officers and directors as a group.
   <TABLE>
   <CAPTION>
   Name                     Percentage Owned         Number of
                                                     Shares Owned
   <C>                      <C>                      <C>
   Herbert Glaubman         48.784%                  1,900,000
   </TABLE>
   
   ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
   
        None.
   
   <PAGE>                        17
   
                                PART IV
   
   
   ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON  
             FORM 8-K
   
        I. Financial Statements and Schedules
   
        Report of Independent Certified Public Accountants.
   
        Consolidated Financial Statements:
   
        Balance Sheets
        Statements of Operations
        Statements of Changes in Stockholders Equity 
        Statements of Cash Flow
        Notes to Financial Statements
   
        II. Reports on Form 8-K:
   
        One report on Form 8-K was filed during the second quarter
   of the fiscal year covered by this report.
   
   
                                 SIGNATURES
   
        Pursuant to the requirements of Section 13 or 15(d) of the
   Securities Exchange Act of 1934, the Company has duly caused this
   report to be signed on its behalf by the undersigned thereunto
   duly authorized.
   
   FOOD CONCEPTS, INC.                FOOD CONCEPTS, INC.
   
   
   
   BY: /S/ FRANCIS GLAUBMAN           BY: /S/ HERBERT GLAUBMAN
       FRANCIS GLAUBMAN                   HERBERT GLAUBMAN
   
   Dated: November 20, 1996           Dated: November 20, 1996
   
   <PAGE>                        18