U.S. SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549


                          Form 10-QSB

                     Quarterly Report Under
               the Securities Exchange Act of 1934

               For Quarter Ended:  December 31, 1998

                Commission File Number:  000-23485



                INTERNATIONAL FUEL SOLUTIONS, INC.
                ----------------------------------
 (Exact name of small business issuer as specified in its charter)



                              Nevada
   (State or other jurisdiction of incorporation or organization)

                            98-0177646
                 (IRS Employer Identification No.)

                  Suite 106, 1460 Pandosy Street
                Kelowna, British Columbia, Canada
             (Address of principal executive offices)

                              V14 1P3
                             (Zip Code)

                           (250) 868-8445
                     (Issuer's Telephone Number)


         (Former name, former address and former fiscal year,
                    if changed since last report)

Check whether the issuer (1) filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934
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
__X__   No ____.

The number of shares of the registrant's only class of common stock
issued and outstanding, as of December 31, 1998, was 17,500,000
shares.



<PAGE>
                             PART I

ITEM 1.   FINANCIAL STATEMENTS.

          The unaudited financial statements for the six month
period ended December 31, 1998, are attached hereto.

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS

          The following discussion should be read in conjunction
with the Financial Statements and notes thereto included herein. 
In connection with, and because it desires to take advantage of,
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995, the Company cautions readers regarding certain
forward looking statements in the following discussion and
elsewhere in this report and in any other statement made by, or on
the behalf of the Company, whether or not in future filings with
the Securities and Exchange Commission.  Forward looking statements
are statements not based on historical information and which relate
to future operations, strategies, financial results or other
developments.  Forward looking statements are necessarily based
upon estimates and assumptions that are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are beyond the Company's control and
many of which, with respect to future business decisions, are
subject to change.  These uncertainties and contingencies can
affect actual results and could cause actual results to differ
materially from those expressed in any forward looking statements
made by, or on behalf of, the Company.  The Company disclaims any
obligation to update forward looking statements.

Overview

          The Company was incorporated on February 17, 1993 under
the name "LBF Corporation" pursuant to the laws of the State of
Nevada to engage in any lawful corporate purpose.  In December
1997, the Company filed a registration statement with the US
Securities and Exchange Commission on Form 10-SB, registering its
common stock under the Securities Exchange Act of 1934, as amended
(the "34 Act").  The Company's intention at that time was to seek
to acquire assets or shares of an entity actively engaged in
business which generated revenues or provided a business
opportunity, in exchange for its securities.  In effect, this
filing caused the Company to be a full "reporting company" under
the 34 Act.  

          Effective June 19, 1998, the Company acquired certain
patent application rights (the "Assets") from FES Innovations,
Inc., a British Columbia, Canada corporation ("FES").  The relevant
terms of the transaction provided for the Company to (i) undertake
a "forward split" of its common stock, whereby 10 shares of common


                                2

<PAGE>
stock were issued in exchange for each share of common stock issued
and outstanding, in order to establish the number of issued and
outstanding common shares of the Company at Closing to be 5,000,000
shares; and (ii) issue to FES and its assigns an aggregate of
12,500,000 "restricted" common shares (post split), representing
approximately 71.4% of the Company's outstanding common stock.  As
of the date of this report, the Company has not yet generated any
revenues and is in the process of raising equity capital in order
to commence implementation of its business plan described
hereinbelow and elsewhere in this report.

          As of the date of this report, the Company has had
preliminary discussions with FES concerning the possibility of
rescinding the acquisition of the Assets.  However, as of the date
of this report, no definitive agreement has been reached in this
regard.  In the event of such rescission, the Company will file an
applicable Form 8-K advising the Commission of the same.

Plan of Operation

          The Company is currently moving from the research and
development stage to producing an effective prototype for field
tests.  The prototype was designed in conjunction with Delta
Manufacturing, Inc., a privately owned company based in Tulsa,
Oklahoma.  Delta Manufacturing, Inc. manufactures ceramic coils for
heat distribution.  With over 100 employees and 25 years in
business, Delta has a proven reputation as a qualified manufacturer
and supplier of ceramic coils.

          Upon completion of independent testing, the Company
anticipates a joint venture alliances which will provide the
necessary factors to enable the Company to present itself with a
strategic industry alliance and address production and distribution
issues.  Possible joint venture partners may include one or more of
the following:  environmental governmental agencies, automotive
manufacturers, automotive parts manufacturers, energy research and
development companies and environmental organizations.

          In the immediate future, the Company intends to raise a
sufficient amount of equity capital in order to perform additional
research and development activities on the apparatus to insure
commercial viability and thereafter, it is expected that additional
equity capital will be required to enter into the sale and
marketing aspect of the Company's business.  There can be no
assurances that the Company will be able to generate sufficient
equity or debt capital in which to fully implement its business
plan.

          In addition to its research and development activities,
as of the date of this report the Company has filed or been
assigned patent applications in over 140 countries, receiving
approval of the same in a majority of these jurisdictions.  A

                                3

<PAGE>
working prototype has been developed in order to undertake field
tests with three separate fuel burning systems (carburation, fuel
injection and a combination of the two).  The results obtained from
these tests were sufficiently encouraging for the Company to retain
independent entities to conduct tests of the prototypes, including
OceanAir Environmental Systems, Santa Barbara, California, who is
undertaking US testing, and the Ministry of Environment in Ottowa,
for Canadian testing.  This testing will include testing for
hydrocarbons, nitric oxide and other nitrogen based gases, carbon
monoxide, carbon dioxide and other emissions which are detrimental
to the environment.

          Based upon the results of these tests, the Company plans
on raising additional equity capital to exploit the technology and
address marketing and distribution strategies, as well as the
continuation of research and development of the system for
additional applications in other sectors and industries, with an
emphasis focusing on strategic alliances and/or joint venture
partners in order to effectively achieve market penetration.

          To date, research and development operations have been
conducted within the business facilities of FES in Kelowna, B.C. 
While the Company owns the patent application rights to the "Fuel
Solution," FES has been contracted with the Company to continue all
research and development requirements that will enable the "Fuel
Solution" to become a viable product.  As a result, FES has focused
the Company's resources on a single specific market - the
automobile.  Analytical testing and continued product enhancements
have been the primary focus of the Company, while management
speculates that in the near future research and development efforts
will then concentrate on two distinct areas - enhancements to the
gasoline engine product in response to independent test data and/or
customer requirements and the development of additional
applications of the key technology.

          The technology controls the temperature of a liquid as it
passes uninterrupted through the heat exchange unit.  The unit
senses the temperature of the liquid in-line and its electronic
temperature control apparatus manages the heating of the fluid so
that it is warmed and then held stable at the desired temperature. 
Use of the device is expected to improve the efficiency and
performance of internal combustion engines and potentially allows
the engine to operate more economically by minimizing fuel
consumption as well as limiting harmful exhaust and resulting air
pollution while also allowing for cleaner engine oil and less build
up of varnish on cylinder walls.

     -    Unit Installation:  The heating unit is integrated into
          the fuel line of the vehicle.  It is then secured firmly
          in place much like installing an in-line fuel pump.  Once
          connected to an electrical source, the product is pre-set
          to heat the fuel as it passes through the unit on its

                                4

<PAGE>
          path to the engine.  Installation requires a reasonable
          level of familiarity with automotive mechanics.  It does
          not, however, require a significant degree of specialized
          training or technological know how.

     -    Design:  Through several revisions, a prototype was
          designed with a stainless steel casing surrounding all
          components.  The final production model will feature a
          molded polyabide nylon casing which will be more
          conducive to the unit's efficiency of heat retardation. 
          This design was also tested for "off road" use by four
          wheel drive vehicles to ensure the stabilization of the
          unit's electronic component structure.  Future designs
          will include those intended for RV, agriculture and
          marine applications.

     -    Field Test Results:  Field testing was performed using
          actual driving conditions.  Vehicles were driven to a
          predetermined destination (typically 250 kms. return
          trip) while fuel consumption records were maintained
          before and after the introduction of the heat exchange
          unit.  Three vehicles were tested including an older
          model carburetor style engine and two recently
          manufactured fuel injection models.  A variety of road
          conditions and vehicle load ratios were analyzed.  Each
          test situation displayed a significant increase in fuel
          efficiency.

          Independent testing of the "Fuel Solution" is the next
          phase of the project.  Testing will involve the
          assessment of fuel displacement in test vehicles and the
          measurement of emissions and pollutant particles.  Tests
          will be conducted by two widely recognized testing
          facilities:  OceanAir Environmental Systems, Inc. of
          Santa Barbara, California, and the Ministry of
          Environment in Ottawa, Canada.

          Management believes that the primary benefits of the heat
exchange unit is to (a) increase fuel efficiencies and economy for
the retail consumer with no additional cost during the life of the
unit, and (b) decrease harmful exhaust emissions and particle
pollutants while conforming to increasing environmental emissions
restrictions.  For the average automobile owner, the obvious
influential factor to purchase the "Fuel Solution" would be the
increased savings achieved through increased fuel efficiency. 
Price per unit may be a consideration, but given the relatively
short payback period and the minimal cost of installation,
management does not feel this to be a detrimental factor when
considering potential sales of the unit.

          Environmental concerns regarding emissions and pollutants
is a global consideration of the systems benefits.  At the present

                                5

<PAGE>
time, few areas in North America have imposed emission laws
limiting the emissions of vehicles.  However, legislators in both
the U.S. and Canada are currently under pressure to conform to
United Nations concerns of emissions contributing to global warming
and the "Green House" effect.  This policy is most notable in the
United States in areas such as California and internationally in
cities such as Mexico City and Tokyo.

          Management believes that there are several markets that
present themselves to the Company that would in turn benefit from
utilizing the heat exchange system.  These applications may require
modifications to the unit's component design or structure, but
management is confident these modifications are viable and
economically feasible.

     -    Automotive:  The market with the most immediate
          requirements for a preliminary design with over
          200,000,000 vehicles in use in North America. To date,
          testing has provided management with a basis to realize
          the potential of the "Fuel Solution's" capabilities. 
          Upon completion of independent laboratory testing, the
          Company will then be prepared to consider a joint venture
          partner to take the unit to the next phase of
          development.

     -    Marine:  The majority of pleasure crafts under 25 feet
          are typically gasoline engines which consume large
          quantities of fuel in the course of their operation due
          to the resistance of water compared to the resistance of
          air for automobiles.  With an average use of 300 engine
          hours per year, the market for the "Fuel Solution" within
          the pleasure craft market appears to be substantial.

     -    Agriculture:  Although the use of gasoline engines in the
          agriculture market is smaller than that of the diesel
          engine, there is still a significant market with regards
          to landscaping equipment, farming equipment, and other
          small engine applications such as motorcycles, all
          terrain vehicles, snowmobiles, etc.

     -    Recreational Vehicles:  There are literally millions of
          recreational vehicles in use today in North America.  The
          majority of RV's are gasoline powered with higher end
          models utilizing diesel fuel.  The consumption of
          gasoline is extremely high due to the load ratio of the
          vehicle.  For example, a 28 foot motor home will achieve
          an approximate seven to ten miles per gallon when using
          a 454 cubic inch engine.  A larger vehicle, or larger
          load ratio, would consume even more fuel, lowering the
          fuel efficiency even further.  Given the vast distances
          driven by RV owners, the savings would be exponentially
          beneficial.

                                6

<PAGE>
     -    Commercial Vehicles:  The commercial vehicle, or fleet
          vehicle sector, would demonstrate the superlative
          benefits from a monetary perspective by the use of the
          "Fuel Solution."  Firstly, due to the high fuel
          consumption for shipping, courier and sales companies,
          these benefits would be demonstrated in their balance
          sheets.   Secondly, most courier and shipping companies
          utilizing fleets of vehicles consume massive amounts of
          fuel and produce high quantities of emissions.  Reducing
          the consumption of fuel will thereby reduce the amount of
          emissions released into the atmosphere which will in turn
          enhance and project any company's public relations image
          as an environmentally concerned business.

          Further, the patented technology may also be relevant in
a range of instances in which controlling the line temperature of
a liquid in motion would be seen as an enhancement.

          The market potential for the Company's heat exchange
system is diverse with significant opportunities in a number of
sectors with a variety of applications.  With automotive, marine,
commercial vehicle, agriculture and recreational vehicle
applications as potential markets, management believes that the
Company must look at the global requirements in these markets in
order to realize the opportunities that may present themselves to
the Company.

Liquidity and Capital Resources

          The Company generated no revenues during the six month
period ended December 31, 1998, or prior thereto.  It is
anticipated that the Company will not commence generating revenues
until the independent testing described above has been completed
and the Company has successfully raised equity capital, as
described herein.

          In order to allow the Company to commence implementation
of the plan of operation described in this report, management has
recognized that additional capital must be obtained, either debt or
equity.  In response thereto, the Company anticipates that it will
commence a private equity offering in the near future, wherein it
will attempt to sell shares of the Company's common stock in order
to raise up to $1,000,000.  Initially, it was anticipated that this
proposed private offering would commence in October 1998; however,
the Company has experienced a delay in undertaking this offering. 
It is anticipated that this offering will commence in the near
future.  There can be no assurances that the Company will
successfully close this offering.  These funds are expected to be
utilized to fund the initial plans of preparing the Company's
apparatus for commercial viability.  No underwriter has been
retained by the Company in relation to this private offering and
there can be no assurances that the Company will raise a sufficient

                                7

<PAGE>
amount of equity capital in which to implement this initial stage
of the Company's development.  Failure of the Company to raise
sufficient funds in the aforesaid offering will have a significant
negative impact on the proposed business of the Company.

          The Company's cash requirements have been and will
continue to be significant in order to finance its new business
plan.  The Company will consider borrowing additional funds or
selling additional stock if the cash requirements exceed cash
reserves.  However, there can be no assurances that the Company
will be able to successfully borrow such additional funds on terms
beneficial to the Company, or at all.  Additionally, there are no
assurances that the Company will be able to generate any funds from
sale of its securities.  Management has had preliminary discussions
with various investment bankers concerning this issue, but as of
the date of this report no commitments to raise additional funds
have been provided to the Company.  While management is optimistic
of the Company's ability to implement its business plan included
herein as discussed, there can be no assurances that the Company
will be successful in this regard in the future, as there can be no
assurances that the Company will be successful in obtaining the
necessary financing with which to effect this expansion.

          To date, the Company has been financed by private loans
in the amount of $31,667 and $51,462.  The latter was provided by
an officer and director of the Company.  These loans accrue
interest at the rate of prime plus 1%, are not collateralized and
are due upon demand.  It is not anticipated that the holder of
these notes will make demand on the Company in the near future, or
that any of the proceeds which may be derived from the proposed
private offering of securities will be utilized to repay these
obligations.

          During the six month period ended December 31, 1998, the
Company incurred losses of ($75,001) as a result of its incurring
legal and accounting expense and research and development costs, as
well as other general and administrative expenses.  It is
anticipated that the Company will continue to incur these charges
without corresponding revenues for at least the next 6 months.

          The Company's securities are currently not liquid.  There
are no market makers in the Company's securities.  However,
management intends to cause an application to be filed with the
National Association of Security Dealer's, Inc. ("NASD") in the
near future, to cause the Company's common stock to be listed for
trading on the OTC Bulletin Board.  There are no assurances that
the Company's common stock will be approved for trading by the
NASD.

          Because the Company is not required to pay rent or
salaries to any of its officers or directors, management believes
that the Company has sufficient funds to continue operations

                                8

<PAGE>
through the foreseeable future.

Inflation

          Although management expects that the operations of the
Company will be influenced by general economic conditions once the
Company commences generating revenues, the Company does not believe
that inflation had a material effect on the results of operations
during the six month period ended December 31, 1998.

Year 2000 Disclosure

          Many existing computer programs use only two digits to
identify a year in the date field.  These programs were designed
and developed without considering the impact of the upcoming change
in the century.  If not corrected, many computer applications could
fail or create erroneous results by or at the Year 2000.  As a
result, many companies will be required to undertake major projects
to address the Year 2000 issue.  The Company presently owns less
than $5,000 worth of computers.  It utilizes outside contractors
for the bulk of its computer work.  These consultants have advised
the Company that they have made all necessary revisions to their
software to avoid any potential problems arising in the year 2000. 
Relevant to the Company's computers, management is in the process
of retaining outside computer consultants to assist the Company in
insuring that its computers will not fail in 2000.  However, as of
the date of this report, the Company does not have available a
definitive cost applicable to any service to be undertaken on its
computer software to avoid any problems in this regard.  While no
assurances can be provided, management believes that such cost will
not be material to the Company.

                    PART II.  OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS - NONE

ITEM 2.   CHANGES IN SECURITIES - NONE

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES - NONE

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS -

          NONE

ITEM 5.   OTHER INFORMATION - NONE

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K -

          (a)  Exhibits

               EX-27     Financial Data Schedule

                                9

<PAGE>
          (b)  Reports on Form 8-K

               None.


                               10

<PAGE>
<TABLE>
INTERNATIONAL FUEL SOLUTIONS, INC.
(fka LBF CORPORATION)
(A Development Stage Company)
Balance Sheet
_____________________________________________________________________________

<CAPTION>
                                              Unaudited         Audited
                                             December 31,       June 30, 
                                                 1998             1998
                                              _________       ___________
<S>                                           <C>             <C>
ASSETS

  Current Assets - Cash                       $       0       $    20,150
  Property & Equipment
    (Net of $39 Depreciation)                       736                 0
  Other Assets-Patent Application Costs          10,130            10,130
                                              _________       ___________
TOTAL ASSETS                                  $  10,866       $    30,280
                                              =========       ===========

LIABILITIES AND SHAREHOLDERS' EQUITY

LIABILITIES - Accounts Payable

  Current Liabilities
    Current Portion-Note Payable              $  31,667       $    25,000
    Current Portion-Note payable
      Related Party                              51,462            20,338
    Bank Overdraft                                3,964                 0
    Accounts Payable Trade                       22,846            10,705
    Accrued Interest Payable                      1,691                 0
                                              ---------       -----------
  Total Current Liabilities                   $ 111,630       $    56,043

  Long-Term Liabilities                               0                 0
                                              ---------       -----------
TOTAL LIABILITIES                             $ 111,630       $    56,043

SHAREHOLDERS' EQUITY

  Preferred Stock, $.001 Par Value;
  25,000,000 Shares Authorized,
  No Shares Issued and Outstanding                    0                 0

  Common Stock, $.001 Par Value;
  50,000,000 Shares Authorized,
  17,500,000 Issued and Outstanding           $  17,500       $    17,500

  Additional Paid In Capital                     44,654            44,654

  Deficit Accumulated During
    the Development Stage                      (162,918)          (87,917)
                                              _________       ___________
TOTAL SHAREHOLDERS' EQUITY                    $(100,764)      $   (25,763)
                                              _________       ___________
TOTAL LIABILITIES
  AND SHAREHOLDERS' EQUITY                    $  10,866       $    30,280
                                              =========       ===========
<FN>
     The Accompanying Notes Are An Integral Part of These Unaudited Financial
Statements.
</TABLE>
                                        11

<PAGE>
<TABLE>
INTERNATIONAL FUEL SOLUTIONS, INC.
(fka LBF CORPORATION)
(A Development Stage Company)
Unaudited Statement of Operations
_____________________________________________________________________________

<CAPTION>
                                                   For the       For the
                                                 Three Months  Three Months
                                                    Ended         Ended
                                                  December       December
                                                  31, 1998       31, 1997
                                                ____________   ____________
<S>                                             <C>            <C>
Revenue                                         $          0   $          0
                                                ------------   ------------
Expenses
  Consulting                                    $      1,609   $          0
  Depreciation                                            39
  Dues, Licenses, & Fees                               5,136
  Legal and Accounting                                 7,581              0
  Office                                                   0              0
  Rent                                                   426
  Research & Development                                 333              0
  Stock Transfer                                         100              0
  Telephone                                                0              0
  Travel                                               2,792              0
                                                ------------   ------------

Total Expenses                                  $     18,016   $          0
                                                ------------   ------------

Net (Loss) Before
  Other Expenses                                $    (18,016)  $          0

Other (Expenses) - Interest                           (1,173)             0
                                                ------------   ------------

Net (Loss                                       $    (19,189)  $          0
                                                ============   ============

Basic (Loss) Per 
  Common Share                                  $     ($0.00)   $    ($0.00)
                                                ============    ===========
Weighted Average Common
  Shares Outstanding                              17,500,000      5,000,000
                                                ============    ===========

<FN>
     The Accompanying Notes Are An Integral Part of These Unaudited Financial
Statements.
</TABLE>
                                        12

<PAGE>
<TABLE>
INTERNATIONAL FUEL SOLUTIONS, INC.
(fka LBF CORPORATION)
(A Development Stage Company)
Unaudited Statement of Operations
_____________________________________________________________________________
<CAPTION>
                                                            February 17,
                                 For the       For the         1993
                                Six Months    Six Months    (Inception)
                                  Ended         Ended          Thru
                                 December      December       December  
                                 31, 1998      31, 1997       31, 1998
                              ____________   ____________   _____________
<S>                           <C>            <C>            <C>
Revenue                       $          0   $          0   $           0
                              ------------   ------------   -------------
Expenses
  Consulting                  $     14,727   $          0   $      17,740
  Depreciation                          39              0              39
  Dues, Licenses & Fees              5,136              0           5,136
  Legal and Accounting              30,901                         66,212
  Office                             2,043              0           3,175
  Rent                                 426                            426
  Research & Development            10,559              0          55,273
  Stock Transfer                       474              0             474
  Telephone                            749              0             915
  Travel                             8,091              0          11,672
                              ------------   ------------   -------------

Total Expenses                $     73,145   $          0   $     161,062
                              ------------   ------------   -------------

Net (Loss) Before
  Other Expenses              $    (73,145)  $          0   $    (161,062)

Other (Expenses) - Interest         (1,856)             0          (1,856)
                              ------------   ------------   -------------

Net (Loss                     $    (75,001)  $          0   $    (162,918)
                              ============   ============   =============

Basic (Loss) Per 
  Common Share                $     ($0.00)   $    ($0.00)
                              ============    ===========
Weighted Average Common
  Shares Outstanding            17,500,000      5,000,000
                              ============    ===========

<FN>
     The Accompanying Notes Are An Integral Part of These Unaudited Financial
Statements.
</TABLE>
                                        13

<PAGE>
<TABLE>
INTERNATIONAL FUEL SOLUTIONS, INC.
(fka LBF CORPORATION)
(A Development Stage Company)
Unaudited Statement of Cash Flow
_____________________________________________________________________________
<CAPTION>
                                                                 February
                                    For the        For the       17, 1993  
                                   Six Months     Six Months    (Inception)
                                     Ended          Ended           Thru
                                  December 31,   December 31    December 31,
                                      1998          1997            1998
                                 ____________   ____________   ______________ 
<S>                              <C>            <C>            <C>
Cash Flows From
  Operating Activities:
    Net (Loss)                   $    (75,001)  $          0   $    (162,918)
    Stock Issued for Services/
     Assets                                 0              0          30,338
+
    Expenses Paid by Share-
     holder on Behalf of Company            0              0          52,154
    Depreciation                           39                             39
    Increase in Accounts Payable       12,141              0          22,646
    Increase in Accrued Interest        1,691              0           1,691
                                 ------------   ------------   -------------
  Net Cash Flows 
    From Operations                   (61,130)             0         (55,850)
                                 ------------   ------------   -------------
Cash Flows From
  Investing Activities:
    Purchase of Patent                      0              0         (10,130)
    Purchase of Equipment                (775)             0            (775)
                                 ------------   ------------   -------------
  Net Cash Flows Provided
    By Investing                         (775)             0         (10,905)
                                 ------------   ------------   -------------
Cash Flows From
  Financing Activities:
   Payments Made on Debt              (15,000)                       (15,000)
   Monies Received from
    Loan Advances                      52,791              0          77,791
                                 ------------   ------------   -------------
  Net Cash Flows Provided
    By Financing                       37,791              0          62,791
                                 ------------   ------------   -------------
Net Increase (Decrease) in Cash       (24,114)             0          (3,964)
Cash At Beginning of Period            20,150              0               0
                                 ------------   ------------   -------------
Cash At End of Period            $     (3,964)  $          0   $      (3,964)
                                 ============   ============   =============
Supplementary Disclosure of
  Cash Flow Information:
    Noncash Financing Activities:
      Stock Issued For Cash
      Advances And Services      $         0    $         0   $         510
                                 ===========    ===========   =============
      Expenses paid by Share-
      holders on Behalf of 
      the Company                $         0    $         0   $      30,338
                                 ===========    ===========   =============
      Stock Issued for
      Acquisition of Patents
      and Related Costs          $         0    $         0   $      52,144
                                 ===========    ===========   =============

<FN>
     The Accompanying Notes Are An Integral Part of These Unaudited Financial
Statements.
</TABLE>
                                        14

<PAGE>
<TABLE>
INTERNATIONAL FUEL SOLUTIONS, INC.
(fka LBF CORPORATION)
(A Development Stage Company)
Statement of Shareholders' Equity
_______________________________________________________________________________
<CAPTION>
                                                           Deficit
                                               Capital   Accumulated
                        Number of              Paid In    During the
                          Shares     Common   Excess Of  Development
                       Common Stock   Stock   Par Value     Stage       Total
                       ____________  _______  __________  __________  _________
<S>                    <C>           <C>      <C>         <C>         <C>
Balance at
  February 17, 1993               0  $     0  $        0  $        0  $       0

Issuance of Common Stock:
  May, 1993 For Cash
  Advances Made on
  Behalf of the Company
  and Services at
  $.0002 Per Share        1,500,000    1,500      (1,200)          0        300

Net (Loss)                                                      (300)      (300)
                       ------------  -------  ----------  ----------  ---------
Balance at
  June 30, 1993 & 1994    1,500,000    1,500      (1,200)       (300)         0

Issuance of Common Stock:
  October 1995 For 
  Cash Advances Made on
  Behalf of the Company
  and Services at 
  $.00006 Per Share       3,500,000    3,500      (3,290)          0        210

Net (Loss)                                                      (210)      (210)
                       ------------  -------  ----------  ----------  ---------
Balance at
  June 30, 1995           5,000,000    5,000      (4,490)       (510)         0

Expenses Paid By
  Shareholders on 
  Behalf of the Company                           10,000                 10,000

Net (Loss)                                                   (10,000)   (10,000)
                       ------------  -------  ----------  ----------  ---------
Balance at
  June 30, 1996 & 1997    5,000,000    5,000       5,510     (10,510)         0

Stock Issued for Patent
  and Related Costs
  at $.004 Per Share     12,500,000   12,500      39,144                 51,644

Net (Loss)                                                   (77,407)   (77,407)
                       ------------  -------  ----------  ----------  ---------
Balance at
  June 30, 1998          17,500,000   17,500      44,654     (87,917)   (25,763)

Net (Loss)                                                   (75,001)   (75,001)
                       ------------  -------  ----------  ----------  ---------
Unaudited Balance at 
  December 31, 1998      17,500,000  $17,500  $   44,654  $ (162,918) $(100,764)
                       ============  =======  ==========  ==========  =========
<FN>
     The Accompanying Notes Are An Integral Part of These Unaudited Financial
Statements.
</TABLE>
                                        15

<PAGE>
INTERNATIONAL FUEL SOLUTIONS, INC.
Notes to Unaudited Financial Statements
For the Six Month Period Ended December 31, 1998
------------------------------------------------

The unaudited financial information included for the three month and six
month interim period ended December 31, 1998 were taken from the books
and records without audit.  However, such information reflects all
adjustments (consisting only of normal recurring adjustments, which are
of the opinion of management, necessary to reflect properly the results
of interim periods presented).  The results of operations for the six
month period ended December 31, 1998, are not necessarily indicative of
the results expected for the fiscal year ended June 30, 1999.


                                  16

<PAGE>
                           SIGNATURES


     Pursuant to the requirements of Section 12 of the Securities
and Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto
duly authorized.

                              INTERNATIONAL FUEL SOLUTIONS, INC.
                              (Registrant)

                              Dated:  February 12, 1999



                              By:  s/Devinder Randhawa
                                 --------------------------------
                                 Devinder Randhawa,
                                  President and Secretary


                                17

<PAGE>
                INTERNATIONAL FUEL SOLUTIONS, INC.

         Exhibit Index to Quarterly Report on Form 10-QSB
             For the Quarter Ended December 31, 1998

EXHIBITS                                                  Page No.

  EX-27     Financial Data Schedule . . . . . . . . . . . .   19



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