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


                                    FORM 10-Q/A


                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


                For the Quarterly Period Ended September 30, 1996

                         Commission File Number 0-19378

                           LIUSKI INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)


                    Delaware                            11-3065217
        (State or other jurisdiction of              (I.R.S. Employer
        incorporation or organization)              Identification No.)

       6585 Crescent Drive, Norcross, Georgia             30071
       (Address of principal executive offices)         (Zip Code)

       Registrant's telephone number, including area code: (770) 447-9454


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  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 ___


As of September 30, 1996,  the  Registrant  had 4,380,525  shares of Common
Stock, $.01 par value per share outstanding.
<PAGE>
Item I.  Financial Statements

                 LUISKI INTERNATIONAL, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEET

                                           September 30,        December 31,
                                               1996                 1995       
                                           -------------        ------------  
                                            (unaudited)

ASSETS

CURRENT
       Cash                                 $   389,308       $      200,989
  Accounts Receivable, 
  net allowance for doubtful 
  accounts of $3,900,000 and 
  $1,050,000, as of 1996 and 1995, 
  respectively                               38,257,324           33,013,943
  Inventories                                44,521,525           43,295,440
  Prepaid Expenses and Other 
  Current Assets                              4,712,599            3,840,889
                                         --------------        -------------
                  TOTAL CURRENT ASSETS       87,880,756           80,351,261

FURNITURE, AUTOS, AND EQUIPMENT, 
  at cost, less Accumulated 
  Depreciation and 
  Amortization of
  $3,369,374 and $2,645,806 
  as of 1996 and 1995, respectively           2,941,773            3,101,973

OTHER ASSETS                                    253,412              254,828
                                         --------------      ---------------
  TOTAL ASSETS                           $   91,075,941      $    83,708,062
                                         ==============      ===============

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts Payable:  Affiliate          $    14,141,121     $      9,245,742
  Accounts Payable:  Trade                   24,121,641           24,491,010
  Accrued Expenses and Other 
  Current Liabilities                         2,072,474            1,964,893
                                        ---------------     ----------------

TOTAL CURRENT LIABILITIES                    40,335,236           35,701,645

REVOLVING CREDIT LOAN                        26,392,150           20,965,263

CAPITAL LEASE OBLIGATIONS                       820,628              702,114
                                        ---------------     ----------------
   TOTAL LIABILITIES                         67,548,014           57,369,022

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY
  Preferred Stock, $.01 par value; 
  1,000,000 shares authorized; 
  none issued
  Common Stock, $.01 par value;
  7,000,000 shares authorized;
  4,380,525 issued and outstanding               43,806               43,806
  Additional Paid-in Capital                 18,435,164           18,435,164
  Retained Earnings                           5,048,957            7,860,070
                                        ---------------       --------------
    TOTAL STOCKHOLDERS' EQUITY               23,527,927           26,339,040
                                        ---------------       --------------
  TOTAL LIABILITIES AND STOCKHOLDERS' 
  EQUITY                                $    91,075,941       $   83,708,062
                                        ===============       ==============

            See notes to condensed consolidated financial statements
 
                                      2
<PAGE>
                  LUISKI INTERNATIONAL, INC. AND SUBSIDIARIES
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                  (Unaudited)

                      Three months ended                 Nine months ended
                        September 30,                      September 30,
                    1996              1995             1996            1995
                    ----              ----             ----            ---- 

Net Sales        $  110,480,302   $96,060,729      $ 310,664,576  $293,441,679

Cost of Sales       102,903,391    88,851,108        289,071,696   271,942,535

Gross Profit          7,576,911     7,209,621         21,592,880    21,499,144

Selling, General 
  and Administrative
  Expenses            9,432,853     6,949,836         23,505,161    21,917,754
                  -------------   -----------    ---------------  ------------

  (Loss) from 
    Operations       (1,855,942)      259,785        (1,912,281)      (418,610)

Other Charges (Net)     671,561       781,066          1,648,832     1,713,540
                  -------------   -----------    --------------  -------------

  Loss before Income 
  Taxes              (2,527,503)     (521,281)       (3,561,113)    (2,132,150)

Income Taxes           (608,000)     (142,870)         (750,000)      (755,000)
                  -------------   -----------     -------------   ------------ 

  Net Loss        $  (1,919,503)  $  (378,411)    $  (2,811,113)  $ (1,377,150)
                  =============   ===========     =============   ============ 

(Loss) per 
 Common and 
 Common Equivalent 
 Shares Outstanding:  
 Primary and Fully 
 Diluted          $       (0.44)  $      (0.09)   $       (0.64)  $      (0.31)
                  =============   ============    =============   ============ 

Weighted Average 
  number of Common
  and Common 
  Equivalent Shares 
  Outstanding: 
  Primary and Fully
   Diluted            4,380,525       4,380,525       4,380,525      4,380,525






            See notes to condensed consolidated financial statements



                                       3
<PAGE>

                   LUISKI INTERNATIONAL, INC. AND SUBSIDIARIES
                  CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
                                   (Unaudited)

                                                  Nine months ended
                                                    September 30,
                                                    -------------
 
                                          1996                      1995       
                                          ----                      ----       

CASH FLOWS FROM OPERATING 
ACTIVITIES

Net Loss                      $      (2,811,113)           $   (1,377,150)
Adjustments to reconcile
 Net Loss to Net Cash 
 provided (used) by 
 operating activities
Depreciation and 
 Amortization                           723,251                   694,619

Changes in Operating Assets
 Accounts Receivable                 (5,243,381)               (8,959,845)
Inventories                          (1,226,085)               (5,176,549)
Prepaid Expenses and Other             (871,710)               (1,718,239)
Other Assets                              1,416                    20,375
Changes in Operating Liabilities
Accounts Payable:  Affiliate          4,895,379                (2,315,607)
Accounts Payable and Accrued 
 Expenses                              (261,788)               18,490,168
                                     ----------                ----------
Total Adjustments                    (1,982,918)                1,034,922
Net Cash provided (used) 
 by Operating Activities             (4,794,031)                 (342,228)
                                     ----------                ---------- 

CASH FLOWS FROM INVESTING 
 ACTIVITIES
Capital Expenditures                  (563,051)                 (529,596)

CASH FLOWS FROM FINANCING 
 ACTIVITIES
Proceeds from Revolving 
 Credit Loan                         5,426,887                   804,524
Repayment of Capital 
 Lease Obligations                     118,514                  (321,785)
                                     ---------                 --------- 
Net Cash provided by
 Financing Activities                5,545,401                   482,739
                                     ---------                 ---------

INCREASE/(DECREASE) IN CASH 
 AND CASH EQUIVALENTS                  188,319                  (389,085)
CASH AND CASH 
  EQUIVALENTS:  BEGINNING              200,989                   834,355
                                    ----------                 ---------
CASH AND CASH 
  EQUIVALENTS:  ENDING              $ 389,308                    445,270
                                    ==========                 =========

SUPPLEMENTAL DISCLOSURE 
 OF CASH FLOW INFORMATION
Cash paid during 
 period for Interest                $1,630,259                 $1,621,050
                                    ==========                 ==========

Cash paid during 
 period for Interest                $    -                     $     -
                                    ==========                 ==========

            See notes to condensed consolidated financial statements
 
                                        4

<PAGE>


SIGNATURES

     Pursuant to the  requirements  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.


Dated: November 20, 1996


                                        LIUSKI INTERNATIONAL, INC.




                                        By: /s/Hsing-Yen Liu                
                                        ------------------------
                                            Hsing-Yen Liu
                                            Chairman and Acting Principal
                                              Accounting Officer

                                       5