UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-KSB/A

(Mark One)
     [X] Annual report under Section 13 or 15(d) of the Securities  Exchange Act
of 1934 (Fee required) for the fiscal year ended December 31, 1995

     [ ] Transition report under Section 13 or 15(d) of the Securities  Exchange
Act   of   1934   (No   fee   required)   for   the   transition   period   from
___________to_____________.

         Commission file number: 0-13409

                        Eurotronics Holdings Incorporated
                 (Name of Small Business Issuer in Its Charter)

          Utah                                                      87-0550824
(State or Other Jurisdiction of                                (I.R.S. Employer
Incorporation or Organization)                               Identification No.)

            268 West 400 South, Suite 300, Salt Lake City, Utah 84101
               (Address of Principal Executive Offices) (Zip Code)

                                 (801) 575-8073
                (Issuer's Telephone Number, Including Area Code)

     Securities registered under Section 12(b) of the Exchange Act: Common Stock
$0.0001 Par Value

         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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 XX

         Check if there is no  disclosure  of  delinquent  filers in response to
Item 405 of Regulation S-B 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. [ ]

         The issuer's  total  consolidated  revenues for the year ended December
31, 1995, were $-0-

     The  aggregate  market  value of the voting  stock  held by  non-affiliates
computed by reference  to the average bid and asked prices of such stock,  as of
June 21, 1996, was $170,496.56.

     The number of shares  outstanding of the issuer's  common stock,  par value
$0.0001,  as of June 21, 1996 was 4,420,336 

                       Transitional Small Business Format
                                 Yes ____ No XX
                   Documents Incorporated by Reference: NONE

<PAGE>
                        REPORT OF INDEPENDENT ACCOUNTANTS


To the Stockholders and Board of Directors
of Eurotronics Holdings, Inc. (formerly
Hamilton Exploration Co., Inc.)
Salt Lake City, Utah


We have audited the balance sheet of Eurotronics  Holdings,  Inc. (a development
stage company) as of December 31, 1995 and the related statements of operations,
changes in  stockholders'  equity,  and cash  flows  from the date of  inception
(January 7, 1982) through December 31, 1995. 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 audit.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards. Those standards require that we plan and perform the audits 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 opinions.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects,  the financial position of Hamilton Exploration Co., Inc.
as of  December  31,  1995 and the  results of its  operations,  its  changes in
stockholders'  equity and its cash flows from the date of inception  (January 7,
1982)  through  December  31,  1995,  in  conformity  with  generally   accepted
accounting principles.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 2 to the
financial  statements,  since its inception  (January 7, 1982),  the Company has
been in the development stage and has suffered recurring losses from operations.
The long term  continuation  of the Company as a going concern is dependent upon
the Company's ability to obtain additional capital.  The financial statements do
not include any adjustments that might result if the Company is unable to obtain
additional capital.



/s/ Anderson, Anderson & Strong
Anderson, Anderson & Strong

June 24, 1996


<PAGE>
<TABLE>
<CAPTION>
                           EUROTRONICS HOLDINGS, INC.
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                                  BALANCE SHEET
                                December 31, 1995

                                     ASSETS

CURRENT ASSETS
<S>                                                                     <C>     
  Cash ......................................................           $  6,056
                                                                        --------
   Total current assets .....................................              6,056

OTHER ASSETS
  Investments - securities (Note 6) .........................            169,812
                                                                        --------
                                                                        $175,868
                                                                        ========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accrued expenses ........................................           $  52,089
                                                                      ---------
    Total Current Liabilities .............................              52,089
                                                                      ---------
STOCKHOLDERS' EQUITY (Note 1):
  Common stock, $.0001 par value;
   Authorized, 200,000,000 shares;
   Issued, 4,420,336 shares at
   at December 31, 1995 ...................................                 442
  Additional paid-in capital ..............................             884,734
  Deficit accumulated during
    development stage .....................................            (761,397)
                                                                      ---------
                                                                        123,779
                                                                      ---------
                                                                      $ 175,868
                                                                      =========


              The accompanying notes are an integral part of these
                              financial statements
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                           EUROTRONICS HOLDINGS, INC.
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                            STATEMENTS OF OPERATIONS
                     Years Ended December 31, 1995 and 1994
    Period From Date Of Inception (January 7, 1982) Through December 31, 1995


                                                               Inception
                                                                Through
                                                                Dec. 31,
                                         1995        1994         1995   
 
Revenue:
<S>                                  <C>          <C>         <C>      
  Interest income ................   $    --      $    --     $  61,208
                                      ---------   ---------    ---------
                                          --          --         61,208
                                      ---------   ---------    ---------
Expenses:
  Investigation, evaluation and
   exploration of prospective
   mineral properties ............        --           --       424,416
  General and administrative .....     321,124         --       399,616
  Amortization and depreciation ..        --           --         1,000
                                      ---------   ---------    ---------
                                        321,124        --        825,032
                                      ---------   ---------    ---------
Net loss before taxes and
  extraordinary item .............     (321,124)       --       (763,824)
  Tax expense ....................        --           --           183
                                      ---------   ---------    ---------
Loss before extraordinary item ...    (321,124)        --      (764,007)
  Extraordinary item - debt
  settlement (note 7) ............       2,610         --         2,610
                                      ---------   ---------    ---------
NET LOSS .........................   $(318,514)   $    --     $(761,397)
                                      =========   =========    =========
NET INCOME (LOSS) PER COMMON SHARE
  Loss before extraordinary item      $    (.70)   $    --
  Extraordinary item .............          .01         --
                                      ---------    ---------
TOTAL ............................    $    (.69)   $    --
                                      =========    =========
Weighted average number of shares
 outstanding .....................     461,825       54,412
                                      =========    =========
</TABLE>
    The accompanying notes are an integral part of these financial statements
<PAGE>
<TABLE>
<CAPTION>
                                                     EUROTRONICS HOLDINGS, INC.
                                                    (A Development Stage Company)
                                               Formerly Hamilton Exploration Co., Inc.
                                            STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                              Period From Date of Inception (January 7, 1982) Through December 31, 1995


                                                                                                Additional
                                                                 Common Stock    Common Stock     Paid-in    Accumulated
                                                                    Shares         Amount         Capital       Deficit 

<S>                                                             <C>           <C>           <C>           <C>
Issuance of common stock to incorporators
 for cash - 1982 ...........................................    15,000,000    $     1,500   $    28,500   $      --
Change in number of shares issued to .......................          --             --            --            --
 incorporators and price per share - 1983 ..................     2,142,857            214      (   214)          --
Issuance of common stock for cash - 1983 ...................    14,285,715          1,429        23,571          --
Public stock offering for cash, net of $111,627
 in underwriting expenses - 1984 ...........................    49,500,000          4,950       378,423          --
Sale of warrants (no warrants exercised - expired 1989) ....          --             --             100          --
Net loss for the period from date of inception
 (January 7, 1982) through December 31, 1993 ...............          --             --            --      ( 442,883)
                                                               -----------   -----------   -----------    -----------
Balance December 31, 1993 ..................................    80,928,572          8,093       430,380     (442,883)
                                                               -----------   -----------   -----------    -----------
Results of operations year ended December 31, 1994 .........          --             --            --            --
                                                               -----------   -----------   -----------    -----------
Balance December 31, 1994 ..................................    80,928,572          8,093       430,380    ( 442,883)
                                                                -----------   -----------   -----------    -----------
Reverse stock split 1 for 1,500 ............................   (80,874,160)   (     8,088)        8,088           --
Issuance of shares for no determinable
 consideration - May, 1995 .................................        76,667              8     (     8)           --
Issuance of shares for cash - July, 1995 ...................       172,500             17        17,233          --
Issuance of shares for services - July, 1995 ...............        10,000              1           999          --
Issuance of shares for debt - July, 1995 (note 7) ..........       226,500             23        22,627          --
Isuance of shares for cash - November, 1995 ................       510,000             51        50,949          --
Issuance of shares for services - November, 1995 ...........       112,000             11        11,189          --
Issuance of shares for cash - December, 1995 ...............       222,222             22        39,978          --
Issuance of shares for services - December, 1995 ...........     1,337,921            134       133,658          --
Issuance of shares for assets - December, 1995 .............     1,698,114            170       169,641          --
Results of operations year ended December 31, 1995 .........          --             --            --        (318,514)
                                                                -----------   -----------   -----------    -----------
Balance December 31, 1995 ..................................     4,420,336    $       442   $   884,734   $  (761,397)
                                                                ===========   ===========   ===========    ===========


                               The Accompany notes are an integral part of these financial statements
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                     EUROTRONICS HOLDINGS, INC.
                                                    (A Development Stage Company)
                                               Formerly Hamilton Exploration Co., Inc.
                                                      STATEMENTS OF CASH FLOWS
                                               Years Ended December 31, 1995 and 1994
                              Period From Date Of Inception (January 7, 1982) Through December 31, 1995
 
                                                                                                                         Inception
                                                                                                                           Through
                                                                                                                          Dec. 31,
                                                                              1995                         1994             1995 
CASH FLOWS FROM OPERATING ACTIVITIES:

<S>                                                                       <C>                          <C>                <C>      
  Net (Loss) ....................................................         $(318,514)                   $    --            $(761,397)
                                                                                                       ---------          ---------
  Adjustments to reconcile net (loss) to net cash
  used by operating activities:

     Increase (decrease) in accrued liabilities .................            47,679                         --               52,089
     Services paid with common stock ............................           145,992                         --              145,992
     Common stock issued for debt ...............................            22,650                         --               22,650
                                                                                                       ---------          ---------
     Total adjustments ..........................................           216,321                         --              220,731
                                                                                                       ---------          ---------
  Net cash (used) by operating activities .......................          (102,193)                        --            ( 540,666)
                                                                           ----------                  ---------          ---------

CASH FLOWS FROM FINANCING ACTIVITIES:

  Capital contributions by incorporators ........................              --                           --               55,000
  Proceeds from public stock offering ...........................              --                           --              383,473
  Issuance of common stock for cash .............................           108,249                         --              108,249
                                                                                                       ---------          ---------
  Net cash provided by financing activities .....................           108,249                         --              546,722
                                                                                                       ---------          ---------

Net increase in cash ............................................             6,056                         --                6,056

Cash, beginning .................................................              --                           --                 --
                                                                                                       ---------          ---------
Cash, ending ....................................................         $   6,056                    $    --            $   6,056
                                                                            ===========                =========          =========
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND
FINANCING ACTIVITIES:
  Issuance of common stock for services .........................         $ 145,992                    $    --            $ 145,992
                                                                                                       =========          =========
  Issuance of common stock for debt .............................         $  22,650                    $    --            $  22,650
                                                                                                       =========          =========
  Issuance of common stock for investments ......................         $ 169,812                    $    --            $ 169,812
                                                                                                       =========          =========

                              The accompanying notes are an integral part of these financial statements

</TABLE>
<PAGE>
                           EUROTRONICS HOLDINGS, INC.
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                          NOTES TO FINANCIAL STATEMENTS
                        As of December 31, 1995 and 1994


1.  BUSINESS ACTIVITY

     The Company was  incorporated as a Utah  corporation on January 7, 1982 for
the  primary  purpose  of  investigating  and  evaluating   prospective  mineral
properties  for  possible  acquisition.  On January 27,  1982,  the Company sold
15,000,000 shares of its $.001 par value common stock for investment purposes to
two corporations and four individuals at $.002 per share for a total of $30,000.
On July 27, 1983, the Company  adjusted the number of shares issued to reflect a
purchase  price of $.00175  per share  instead of $.002 per share.  On August 5,
1983,  the  Company  sold an  additional  14,285,714  shares at  $.00175  to two
affiliated  corporations  and two  individuals  for $25,000.  During  1984,  the
Company  sold  49,500,000  shares of its common  stock to the public at $.01 per
share and received net proceeds of $383,373. On May 22, 1995 the Company adopted
a 1,500 to 1 reverse  stock  split.  On May 23, 1995 the Company  issued  76,667
shares of common stock for services of undetermined  value.  Also during 1995 an
additional  4,289,257  shares  were  issued:  904,722  for cash,  1,459,921  for
services, 226,500 for debt, and 1,698,114 for other assets.

     On December 20, 1995 the Company approved an Agreement and Plan of Exchange
between the  Company,  Eurotronics  International  Incorporated  (EII) and EII's
shareholders.  The  agreement  stipulated  that the Company  issue and  exchange
shares of its common stock for all of the issued and  outstanding  shares of the
common  stock of EII. On May 8, 1996,  the Company,  EII and EII,s  shareholders
executed a rescission of the agreement.  The rescission was made effective as of
the  date  of  the  original  agreement,  December  20,  1995.  Pursuant  to the
agreement,  all shares of stock previously issued were returned, and all parties
agreed to hold one another  harmless.  Consistent with the effective date of the
rescission,  this  transaction  has been considered void from its inception and,
therefore, is not reflected in the financial statements.

     The  Company's  unpatented  mining  claims and  mineral  leases  which were
acquired in 1987 have been lost because the Company had insufficient  capital to
pay  the  mineral  lease  requirements  and  to  perform  the  required  minimum
assessment  work.  Between  1987 and April,  1994,  the  Company's  activity was
largely  restricted to  maintaining  its corporate  legal status.  The Company's
current business plan is to merge with or acquire another business entity.
<PAGE>
                           EUROTRONICS HOLDINGS, INC.
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                    NOTES TO FINANCIAL STATEMENTS - Continued
                        As of December 31, 1995 and 1994

2.  GOING CONCERN

     The Company is in the  development  stage and its  continuation  as a going
concern will ultimately depend upon obtaining  additional  capital.  The Company
believes it can sustain its existence for the next twelve months.

3.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization Costs

     Organization costs were capitalized and amortized over 60-month period on a
straight-line basis.

Exploration Expenses

     Exploration  expenditures  were charged to expense as incurred.  No mineral
reserves feasible for development were discovered.
 
Income (Loss) Per Share

     The  computation  of income (loss) per common share is based on the average
number of shares  outstanding  during the period.  A reverse stock split in May,
1995 is  considered  to have  occurred  retroactively  for all periods  shown in
statements of operations.

4. INCOME TAXES

     Effective  January 1, 1993,  the Company  adopted  Statement  of  Financial
Accounting Standards No. 109, Accounting for Income Taxes. The cumulative effect
of the change in accounting  principle is  immaterial.  At December 31, 1995 the
Company had a net operating loss ("NOL")  carryforward  for United States income
tax  purposes  of  approximately  $760,000.  The  NOL  carryforward  expires  in
increments  beginning  in 1999.  The  Company's  ability to utilize  its net NOL
carryforward  is subject to the  realization  of taxable income in future years,
and  under  certain  circumstances,  the  Tax  Reform  Act of 1986  restricts  a
corporation's  use of its NOL  carryforward.  Furthermore,  due to the Company's
issuance of additional stock in 1995, the use of its NOL  carryforward  could be
substantially  limited. The Company believes that there is at least a 50% chance
that the  carryforward  will expire unused,  therefore,  no tax benefit has been
reported in the financial statements.
<PAGE>
                           EUROTRONICS HOLDINGS, INC.
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                    NOTES TO FINANCIAL STATEMENTS - Continued
                        As of December 31, 1995 and 1994

5. RELATED PARTY TRANSACTIONS

     On June 29, 1995 the  Company  entered  into a  consulting  agreement  with
Canton  Financial  Services  Corporation  (CFS).  At  the  time  the  consulting
agreement was executed, Richard Surber was the sole officer and sole director of
CFSC and also a director and vice president of the Company. On April 1, 1996 the
Company  executed  a new  consulting  agreement  with CFSC  which  replaced  the
previous one. Mr. Surber is no longer  associated with the Company as an officer
or  director.  During 1995 the Company  issued a total of 112,000  shares of its
common stock to CFS for services rendered in the amount of $11,200.  The Company
also issued  185,600  shares to Richard Surber to satisfy a debt owed to CFS for
services  rendered in the amount of $18,560,  and  333,000  shares for  services
rendered in the amount of $33,300.

     During 1995 the Company  issued  141,900  shares of its common stock to Ken
Kurtz, the former president of the Company,  for services rendered in the amount
of $14,190. The Company also issued 83,792 shares to Parkstreet  Investments for
services relating to the Eurotronics  International acquisition in the amount of
$8,379. Mr. Kurtz is president of Parkstreet Investments.

     In December of 1995, the Company  executed several stock exchange and stock
purchase agreements with companies which are under common control. All shares of
stock issued  pursuant to these  agreements  are restricted as regulated by Rule
144 under the Securities  Act. The stock exchange and purchase  agreements  were
executed   between  the  Company  and:   BRIA   Communications,   OMAP  Holdings
Incorporated,  and Tianrong Building Material Holdings,  Ltd. At the time of the
of the  exchanges,  the Company's  president was also an officer and director of
each of the other three corporations.
 
6. INVESTMENTS

         Investment securities consist of the following at December 31,
         1995:

              Company                                  Amount 

         OMAP                                         $ 56,604
         Tianrong                                       56,604
         BRIA Communications                            56,604
 
                                                      $169,812
<PAGE>
                           EUROTRONICS HOLDINGS, INC.
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                    NOTES TO FINANCIAL STATEMENTS - Continued
                        As of December 31, 1995 and 1994
 
6. INVESTEMENTS - continued

     Investments in equity securities that have readily determinable fair values
are  stated  at their  market  value in  accordance  with  Financial  Accounting
Standards  ("FAS") No. 115.  None of the above  securities  meets the  specified
requirements  of FAS No. 115 because they are  restricted  under Rule 144 of the
Securities  Act.  Valuation of other equity  security  investments  are based on
acquisition  costs.  Markdowns  are made to reflect  significant  impairment  in
values.

7. DEBT SETTLEMENT

     During 1995,  the Company  settled a debt with its transfer agent for cash,
resulting in a gain of $2,610.  Also during 1995, the Company settled other debt
through the issuance of equity  shares with no gain or loss,  since the value of
shares issued was considered to be equal to the amount of the debt.

8. SUBSEQUENT EVENTS

     Refer  to  Note 1.  for a  discussion  of the  rescinded  transaction  with
Eurotronics International Incorporated and its shareholders.
<PAGE>
                               SIGNATURES

     In accordance  with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized, this 18th day of November, 1996.



Eurotronics Holdings Incorporated


/s/ Mark Tolman
----------------
Mark Tolman

     In  accordance  with the Exchange Act, this report has been signed below by
the following  persons on behalf of the  registrant and in the capacities and on
the dates indicated.


Signature                      Title                          Date



/s/ Mark Tolman
Mark Tolman              President, Director                  November 18, 1996



/s/ Pat Gallegos
Pat Gallegos             Vice President, Director             November 18, 1996



/s/Michael Brodsky
Michael Brodsky          Secretary, Treasurer, Director       November 18, 1996