SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB/A





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

                        For the period ended May 31, 1997

                         Commission File Number 0-27944


                          PRIDE AUTOMOTIVE GROUP, INC.
             (Exact name of registrant as specified in its charter)

Delaware                                  98-0157860
(State or other jurisdiction of           (I.R.S. Employer Identification No.)
incorporation or organization)


    Pride House, Watford Metro Centre, Tolpits Lane, Watford, England WD1 8SB
               (Address of principal executive offices) (Zip Code)

                                 (800) 698-6590
                (Issuer's telephone number, including area code)




     Indicate by (X) whether 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 and (2) has been subject to such filing requirements for the
past 90 days. YES X NO

     Common Stock,  $.001 par value.  2,837,600 shares outstanding as of May 31,
1997.


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                  PRIDE AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                                                For the Six Months Ended
                                                                                           May 31,
                                                                                      1997           1996

CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                                   <C>            <C>         
  Net loss ...........................................................................$  (936,455)   $  (186,297)
  Adjustments to reconcile net loss to net cash provided by operating activities:
    Minority interest in net loss of subsidiary ......................................(385,631)          --
    Depreciation and amortization ....................................................1,904,595      1,246,229
    Amortization of goodwill .........................................................295,449        295,449
    (Gain) on disposal of fixed assets ...............................................(168,710)      (9,532)
    Provision for maintenance costs ..................................................--             23,691
  Changes in assets and liabilities:
Decrease (increase) in accounts receivable                                              341,221       (81,644)
(Increase) in inventories                                                              (609,131)     (106,292)
Increase (decrease) in accounts payable, ..........................................    823,217       (1,162,253)
Net cash provided from operating activities                                            1,264,555     19,351

CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of revenue producing assets .......................................        (6,781,178)    (3,207,506)
  Proceeds from sale of fixed assets .................................................1,030,421      570,037
Net cash (utilized) by investing activities                                           (5,750,757)    (2,637,469)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Net proceeds from bank lines of credit .............................................1,568,470      467,809
  Proceeds from sale of common stock and warrants ....................................92,500         3,282,500
  Costs associated with stock/debt offerings .........................................(126,296)      (882,206)
  Loans repaid to directors ..........................................................--             (123,668)
  Principal payments of long-term debt ...............................................(7,290)        (42,436)
  Payment of acquisition debt ........................................................(42,500)          --
  Proceeds from hire purchase contract funding .......................................9,079,975      3,795,711
  Principal repayments of hire purchase contract funding .............................(5,927,829)    (3,448,679)

Net cash provided by financing activities ............................................4,637,030      3,049,031

EFFECT OF EXCHANGE RATE CHANGES ON CASH ..............................................(388,852)      25,366

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS .................................(238,024)      456,279

  Cash and cash equivalents, beginning of year .......................................250,699        3,377

CASH AND CASH EQUIVALENTS, END OF PERIOD ........................................$    12,675    $   459,656
</TABLE>

        See notes to interim consolidated condensed financial statements


                                     Page 5.

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PART II. OTHER INFORMATION


                           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.  None.

ITEM 5.  Other Information.  None.

ITEM 6.  Exhibit and Reports on Form 8-k.

            (a)  Exhibit 27 Financial Data Schedule.

            (b)  None.

                                     Page 13


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                                   SIGNATURES


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


Dated:   August 18, 1997

Pride Automotive Group, Inc.
by: \s\ Alan Lubinsky
Alan Lubinsky


                        
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