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


                                   FORM 10-QSB


    [ X  ]   Quarterly Report Under Section 13 or 15(d) of the
             Securities Exchange Act of 1934

             For the quarterly period ended June 30, 1998

    [    ]   Transition Report Under Section 13 or 15(d) of
             the Exchange Act

             For the transition period from ____________ to ____________.


                         Commission file number 0-23075


                     PELICAN PROPERTIES, INTERNATIONAL CORP.
                     ---------------------------------------
        (Exact Name of Small Business Issuer as Specified in Its Charter)

                        Florida                               65-0616879
                -----------------------                       -----------
            (State or Other Jurisdiction of                (I.R.S. Employer
            Incorporation or Organization)                Identification No.)

                              12520 SW 195 Terrace
                              Miami, Florida 33177
                              --------------------
                     (Address of Principal Executive Office)

                                 (305) 251-4060
                                 --------------
                (Issuer's Telephone Number, Including Area Code)

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 [ X ]   No [  ]

The number of shares outstanding of the issuer's common stock, par value $.001
per share as of August 3, 1998 was 5,094,185.

Transitional Small Business Disclosure Format: Yes [  ]   No [ X ]


<PAGE>
                     PELICAN PROPERTIES, INTERNATIONAL CORP.
                                and SUBSIDIARIES

                                Table of Contents
<TABLE>
<CAPTION>
<S>     <C>                                                                    <C>   
PART I.  FINANCIAL INFORMATION                                                  Page
-------  ---------------------                                                  ----

ITEM. 1  Financial Statements

         Condensed consolidated Balance Sheets
         June 30, 1998 and December 31, 1997                                    1

         Condensed Consolidated Statements of Operations--
         Three Months Ended June 30, 1998 and June 30, 1997                     2
         Six Months Ended June 30, 1998 and June 30, 1997

         Condensed Consolidated Statements of Cash Flows
         Three Months Ended June 30, 1998 and June 30, 1997                     3

         Condensed Notes to Consolidated Financial Statements                   4-6

ITEM 2   Management's Discussion and Analysis or Plan of Operation              7-8



PART II. OTHER INFORMATION
-------  -----------------
 
         Items 1 - 6                                                              9

         27. Financial Data Schedule (for SEC use only)                          


SIGNATURES
</TABLE>

<PAGE>
                     PELICAN PROPERTIES, INTERNATIONAL CORP.
                                AND SUBSIDIARIES
                      Condensed Consolidated Balance Sheets
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                   June 30,            December 31,
ASSETS                                                                              1998                   1997
                                                                                                        (Proforma)
<S>                                                                            <C>                      <C>        
CURRENT ASSETS
  Cash                                                                         $    253,951             $    63,335
  Cash, restricted                                                                7,859,440                       -
  Other current assets                                                               17,492                       -
                                                                            ---------------          --------------
         Total current assets                                                     8,130,883                  63,335

PROPERTY, PLANT AND EQUIPMENT, net                                                   17,784                  14,105

OTHER ASSETS                                                                          4,003                   4,003
                                                                            ---------------          --------------

         Total assets                                                          $  8,152,670             $    81,443
                                                                            ===============          ==============


LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts payable and accrued expenses                                        $     39,039             $         -
  Current portion of pre-petition debt                                                    -                  32,260
  Other current liabilities                                                          88,820                  89,956
  Current maturities of long-term debt                                                9,838                       -
  Income taxes payable - discontinued operations                                  1,569,785                       -
  Net current liabilities of discontinued operations                                                        605,648
  Loan payable to stockholders                                                            -                 241,153
                                                                            ---------------          --------------
                  Total current liabilities                                       1,707,482                 969,017
                                                                            ---------------          --------------

LONG TERM LIABILITIES
  Long term portion of pre-petition debt                                                  -                 120,547
  Deferred income taxes                                                           1,942,135                       -
         Total long term liabilities                                              1,942,135                 120,547
                                                                            ---------------          --------------

STOCKHOLDERS' EQUITY (DEFICIT)
 Preferred stock (6%), par value $.001; 1,000,000 shares
  authorized and 195,907 issued as of  December 31, 1997                                  -                     196
 Common stock, par value $.001; 100,000,000 shares
  authorized; 4,954,185 shares issued as of  December 31,
  1997 and 5,094,185 shares issued as of June 30, 1998                                5,094                   4,954
 Additional paid in capital                                                       3,278,590               3,536,894
 Retained earnings (accumulated deficit)                                          1,219,369              (4,550,165)
                                                                            ---------------          --------------
         Total stockholders' equity (deficit)                                     4,503,053              (1,008,121)
                                                                            ---------------          --------------

         Total liabilities and stockholders' equity                            $  8,152,670             $    81,443
                                                                            ===============          ==============

</TABLE>
                                       1
<PAGE>
                     PELICAN PROPERTIES, INTERNATIONAL CORP.
                                AND SUBSIDIARIES
                 Condensed Consolidated Statements of Operations
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                 Three Months Ended                Six Months Ended
                                               June 30,        June 30,       June 30,       June 30,
                                                 1998            1997           1998           1997
                                                             (Proforma)                    (Proforma)
<S>                                     <C>                 <C>             <C>           <C>        
REVENUES                                $             -     $         -     $        -    $         -
COST OF REVENUES                                      -               -              -              -
                                        ---------------    ------------    -----------    -----------            
GROSS PROFIT                                          -               -              -              -
                                        ---------------    ------------    -----------    -----------            

EXPENSES
    General and administrative                   91,674          32,694        142,565         55,855
    Interest                                     51,768               -         51,768              -
    Depreciation and amortization                   194               -            194              -
                                        ---------------    ------------    -----------    -----------            
     Total expenses                             143,636          32,694        194,527         55,855
                                        ---------------    ------------    -----------    -----------            
Loss from continuing operations
  before other income (expenses)               (143,636)        (32,694)      (194,527)       (55,855)

OTHER INCOME (EXPENSE)                              587         (66,209)       (45,532)      (153,978)
                                        ---------------    ------------    -----------    -----------            

Loss from continuing operations
 before income taxes                           (143,049)       ( 98,903)      (240,059)      (209,833)

 TAX  BENEFIT                                   (53,858)        (37,237)       (90,382)       (79,002)
                                        ---------------    ------------    -----------    -----------            

Loss from continuing operations                 (89,191)        (61,666)      (149,677)      (130,831)

Gain on sale of discontinued
  operations (net of income taxes)            5,477,012               -      5,477,012              -
Income (loss) from discontinued
  operations (net of income taxes)             (134,401)       (118,282)        80,629        160,798
                                        ---------------    ------------    -----------    -----------            

Income (loss) before extraordinary gain       5,253,420        (179,948)     5,407,964         29,967

Extraordinary Gain (net of income taxes)        361,570               -        361,570              -

NET INCOME (LOSS                           $  5,614,990    $   (179,948)   $ 5,769,534   $     29,967
                                        ===============    ============    ===========   ============

Basic and diluted earnings (loss) 
  per share:
         Continuing operations                  $  (.02)         $ (.01)       $  (.03)      $   (.03)
         Sale of discontinued operations           1.08               -           1.08              -
         Discontinued operations                   (.03)           (.03)           .02            .04
         Extraordinary gain                         .07               -            .07              -
                                        ---------------    ------------    -----------    -----------            
         Net income (loss)                      $  1.10          $ (.04)       $  1.14       $    .01
                                        ===============    ============    ===========   ============

Weighted average number
of shares basic and diluted                   5,080,852       4,832,976      5,052,170      4,700,203
                                        ===============    ============    ===========   ============
</TABLE>
 
                                        2
<PAGE>
                    PELICAN PROPERTIES, INTERNATIONAL CORP.
                                AND SUBSIDIARIES
                 Condensed Consolidated Statements of Cash Flows
            For the six months ended June 30, 1998 and June 30, 1997
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                          1998                 1997
                                                                                            (Proforma)
<S>                                                                  <C>                <C>           
CASH FLOWS FROM OPERATING ACTIVITIES:
Loss from continuing operations:                                     $   ( 149,677)     $    (130,831)
Adjustments to reconcile income from continuing operations
  to net cash (used) provided by continuing operations:
     Depreciation and amortization                                             194                  -
  Changes in working capital of continuing operations:
     Decrease (increase) in other assets                                   (17,492)            95,542
     Increase (decrease) in accounts payable
        and accrued expenses                                                39,038            (57,135)
     (Decrease) in other current liabilities                                (1,136)           (79,002)
                                                                   ---------------      -------------
          Net cash used by continuing operations                          (129,073)          (171,426)
                                                                   ---------------      -------------
Net cash (used) provided by
              discontinued operations                                     (643,043)           392,848
                                                                   ---------------      -------------
         Net cash (used) provided by operating activities                 (772,116)           221,422
                                                                   ---------------      -------------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Acquisition of property and equipment                                  (3,873)          (100,878)
     Proceeds from sale of discontinued operations                      14,983,262                  -
                                                                   ---------------      -------------
         Net cash (used) provided by investing activities               14,979,389           (100,878)
                                                                   ---------------      -------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Principal payments on long-term debt of
        discontinued operations                                         (5,622,704)          (130,000)
     Repayment of shareholders' loans                                     (241,153)                 -
     Cash redemption of preferred stock                                   (293,860)                 -
     Proceeds from issuance of common stock                                    500                  -
                                                                   ---------------      -------------
         Net cash (used) provided by financing activities               (6,157,217)          (130,000)
                                                                   ---------------      -------------

Net increase (decrease) in cash and cash equivalents                     8,050,056             (9,456)

Cash and cash equivalents, beginning of period                              63,335            105,342
                                                                   ---------------      -------------

Cash and cash equivalents, end of period                             $   8,113,391      $      95,886
                                                                   ===============      =============

</TABLE>

                                       3
<PAGE>
                     PELICAN PROPERTIES, INTERNATIONAL CORP.
                                AND SUBSIDIARIES
              Notes to Condensed Consolidated Financial Statements
                                   (Unaudited)

Note 1 - BASIS OF PRESENTATION
------------------------------

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-QSB and Article 10 of
Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements. The quarterly financial information included herein is
unaudited. However, in the opinion of management, all adjustments, consisting of
normal recurring accruals, considered necessary for a fair presentation have
been included. Operating results for the six months ended June 30, 1998, are not
necessarily indicative of the results that may be expected for the year ending
December 31, 1998. A description of the Company's accounting policies and other
financial information is included in its audited consolidated financial
statements for the year ended December 31, 1997.

The June 30, 1998 condensed consolidated financial statements include the
accounts of Pelican Properties, International Corp. and its wholly owned
subsidiaries Ohio Key I, Inc. and Ohio Key II, Inc. and its 99% owned
subsidiary, Sunshine Key Associates Limited Partnership, an inactive Partnership
after December 31, 1996.

As more fully discussed in Note 2, the Company's net liabilities have been
segregated from continuing operations in the accompanying condensed consolidated
balance sheets, and its operating results are segregated and reported as
discontinued operations in the accompanying condensed consolidated statements of
operations and cash flows. The Company's 1997 condensed consolidated financial
statements are shown proforma for comparison purposes.

The June 30, 1997 condensed consolidated financial statements have been adjusted
retroactively to reflect significant 1997 fourth quarter adjustments.

Note 2 - SALE OF DISCONTINUED OPERATIONS
----------------------------------------

On May 29, 1998, the Company, through its wholly owned subsidiaries Ohio Key I,
and Ohio Key II, sold its only revenue producing asset known as Sunshine Key RV
Resort and Marina, which resulted in a gain of $ 8,784,302, which is net of $
3,307,290 in taxes. The proceeds were used to pay outstanding indebtedness of
$5,589,908 existing at date of sale. The sale is intended to qualify as a
like-kind exchange as promulgated by Internal Revenue Code Section 1031. In
order to ensure this type of income tax treatment, certain qualifying criteria
must be met, including, but without limitation, the proceeds are to be held by a
third party and such proceeds must be used to acquire like-kind property or
properties. It is the intention of management to continue the Company's primary
business and to reinvest such proceeds in resort type real estate.

As an additional result of the sale of discontinued operations, the company
benefited from a forgiveness of debt due to early extinguishment. This is
reflected on the Company's financial statements as an extraordinary gain of $
361,570, which is net of $ 218,973 in taxes.

                                       4
<PAGE>

                     PELICAN PROPERTIES, INTERNATIONAL CORP.
                                AND SUBSIDIARIES
              Notes to Condensed Consolidated Financial Statements
                                   (Unaudited)


Note 3 - DISCONTINUED OPERATIONS
--------------------------------

As more fully discussed in Note 2, the Company sold its principal revenue
producing asset, and accordingly, the results of operations of Ohio Key I, and
Ohio Key II, are being accounted for as discontinued operations. Also, the
condensed consolidated balance sheet as of June 30, 1997 has been reclassified
and shown proforma to reflect the Company's net liabilities of discontinued
operations.

Net current liabilities of discontinued operations at December 31, 1997 are 
summarized as follows:

                  Accounts receivable                           $     54,535
                  Inventories                                         52,992
                  Other current assets                                27,303
                  Property and equipment, net                      6,171,103
                  Other assets                                       105,826
                  Accounts payable & accrued expenses               (251,690)
                  Deferred revenues                                 (222,764)
                  Other current liabilities                         (313,875)
                  Accrued interest                                  (217,348)
                  Current maturities of long-term debt               (65,018)
                  Long-term debt                                  (5,946,712)
                                                                ------------
                     Total                                      $   (605,648)
                                                                ============

Note 3 - DISCONTINUED OPERATIONS (continued)
-------------------------------------------

Information  relating to the  discontinued  operations  for the six months ended
June 30, 1998 and 1997 are summarized as follows:
<TABLE>
<CAPTION>
                                                                    1998              1997
                                                                     ----              ----
<S>                                                             <C>                <C>         
                  Revenues                                      $  1,853,644       $  2,311,196
                  Costs of revenues                                 (439,490)          (668,823)
                  Operating expenses                                (622,120)          (732,278)
                  General & administrative expenses                 (296,868)          (296,135)
                  Interest expense                                  (195,177)           (93,578)
                  Depreciation and amortization                     (142,681)          (161,001)
                  Income taxes                                       (76,679)          (198,583)
                                                              --------------      -------------
                     Income from discontinuing operations     $       80,629      $     160,798
                                                              ==============      =============

</TABLE>

                                       5
<PAGE>
                     PELICAN PROPERTIES, INTERNATIONAL CORP.
                                AND SUBSIDIARIES
              Notes to Condensed Consolidated Financial Statements
                                   (Unaudited)

Note 4 - STOCK BASED COMPENSATION
---------------------------------

On January 1, 1998 the Company issued 50,000 shares of common stock as payment
of legal fees resulting in a $50 increase to "Common Stock" and a $6,200
increase to "Additional paid in capital."

On February 28, 1998 the Company issued 20,000 shares of common stock as
compensation resulting in a $20 increase to "Common stock" and a $2,480 increase
to "Additional paid in capital" . On May 29, 1998 the Company issued 20,000
shares on common stock as compensation resulting in a $20 increase to "Common
Stock" and a $26,230 increase to "Additional paid in capital".

On February 26, 1998 the Company granted to the Chief Financial Officer ("CFO")
, the option to purchase up to 50,000 shares of Common Stock at an exercise
price of $.01 per share that is vested and exercisable on March 1, 1998. On
March 6, 1998, the CFO exercised the option and was issued 50,000 shares of
Common Stock of the company as restricted shares under Rule 144 of the
Securities Act of 1933.

Note 5 - NET INCOME (LOSS) PER SHARE
------------------------------------

The net income (loss) per share is computed by dividing the net income or (loss)
for the period by the weighted average number of shares outstanding (as adjusted
retroactively for the dilutive effect of prior years common stock options) for
the period plus the dilutive effect of outstanding common stock options,
warrants, and preferred shares considered common stock equivalents.

Note 6 - PREFERRED STOCK
------------------------

On June 30, 1997, the Company issued 195,907 shares of Series A Preferred Stock
in exchange for payment of $293,862 of debt, $223,862 of which was included in
Pre-petition debt and $70,000 was owed to a related party. On May 29, 1998, the
Company redeemed 195,907 shares of Series A Preferred Stock or all of its
Preferred Stock for $ 293,862 in cash.

Note 7 - SUPPLEMENTAL CASH FLOW INFORMATION
-------------------------------------------

During 1998, the company issued shares of common stock as payment for legal
expenses and as compensation of officers totaling $ 6,250 and $ 28,750
respectively.

Included in the Company's June 30, 1998 statement of operations is a non-cash
extraordinary gain in the amount of $ 361,570 net of $ 218,973 in taxes. This
resulted from an early extinguishment of debt as a result of the sale of
discontinued operations.

                                       6
<PAGE>
Item 2 - Management's Discussion and Analysis or Plan of Operation

GENERAL

         Management's Discussion and Analysis or Plan of Operation contains
various "forward looking statements" within the meaning of the Securities Act of
1933 and the Securities And Exchange Act of 1934, which represents the Company's
expectations or beliefs concerning future events including without limitation
the following; fluctuations in the economy; ability of the Company to obtain
financing on terms and conditions that are favorable; ability of the Company to
improve levels of profitability and sufficiency of cash provided by operations.

         The Company cautions that these statements are further qualified by
important factors that could cause actual results to differ materially from
those contained in the forward looking statements, including without
limitations, general economic conditions,, changes in the level of operating
expense and the present and future level of competition. Results actually
achieved may differ materially from expected results included in these
statements.

         The Company's primary objective is the management of held assets and
the acquisition and management of additional properties in the recreational and
leisure industry's resort destination segment. Until May 29, 1998, Pelican
Properties, International Corp., through its wholly owned subsidiaries, Ohio Key
I, Inc. and Ohio Key II, Inc., "Subsidiaries" owned and operated a resort known
as the Sunshine Key RV Resort and Marina, "Property".

         On May 29, 1998 the Company's Subsidiaries sold the Property for a sale
price of $15,750,000 paid in cash. As a result of this sale, the Company no
longer owns directly or through subsidiaries any operating assets. The sales
price was determined by National Home Communities, L.L.C. "Buyer" as the value
it placed on the assets bought. The Buyer has no material relationship with the
Company or any of its affiliates, directors or officers, or any associate of any
such director or officer. The net proceeds of the sale have been placed in an
IRS code 1031 Exchange account with the intention of taking advantage of tax
deferral strategies if reinvested in real estate properties within specified
time frames and meeting certain criteria. The Company fully intends to reinvest
in properties that meet its primary objective and will attempt to take advantage
of the 1031 Exchange account benefits.

         The Commission has issued Staff Legal bulletin No. 5 (CF/IM) stating
that public operating companies should consider whether there will be any
anticipated costs, problems and uncertainties associated with the year 2000
issue, which affects many existing computer programs that use only two digits to
identify a year in the date field. The company anticipates that its business
operations will electronically interact with third parties very minimally, if at
all, and the issues raised by Staff Legal Bulletin No. 5 are not applicable in
any material way to the Company's business or operations. Additionally, the
Company intends that any computer systems that the Company may purchase or lease
that are incident to the Company's business will have already addressed the
"Year 2000" issue.

         On September 12, 1997, Pelican Properties, International Corp. filed
the Form 10SB registration statement. An amended Form 10SB has not been
submitted to the SEC, but the Company expects to file the amended Form 10SB
shortly after the submission of this filing.

Six Months Ended June 30, 1997 compared to Six Months Ended June 30, 1998 for
Continuing Operations

         General & Administrative expenses from continuing operations increased
$86,707 from $55,855 for the six-months ended June 30, 1997 as compared to
$142,562 for the six-months ended June 30, 1998. The increase primarily reflects
costs associated with professional fees for public reporting and related
expenses. 

                                       7
<PAGE>

These expenses were incurred to a lesser extent in the six-month period ended
June 30, 1997 but were recorded as other expense. The Company filed its Form
10SB in September 1997 and audit and legal fees prior to this time were treated
as non-recurring expenses prior to becoming a reporting entity. The interest
expense of $51,768 relates to the redemption of the Company's Series A Preferred
Stock. Interest expense was calculated as the difference between the product of
the number of shares converted and the face value of the preferred stock and the
product of the stated redemption rate of 117.6% of the face value and the number
of shares. No accrued dividends were granted on the redemption of the Series A
Preferred Stock.

         The net loss from continuing operations for the six-months ended June
30, 1998 increased $30,226 to $240,059 from $209,833 for the same time period in
1997. This increase is primarily due to the one-time interest expense incurred
in the second quarter of 1998.

         Net income increased $5,739,567 from $29,967 for the six-months ended
June 30, 1997 to $5,769,534 for the six-months ended June 30, 1998. The increase
is due to the gain on the sale of discontinued operations and the extraordinary
gain. The $5,477,012 gain on the sale of the Subsidiaries assets is net
$3,307,289 of income taxes based on the original resulting gain of $9,364,205.
The $361,570 extraordinary gain, that was from a forgiveness of debt due to the
early extinguishment of long-term debt, is net $218,973 of income taxes based on
the original gain of $580,543.

Liquidity and Capital Resources

         The $7,859,440 recorded as Cash-Restricted primarily represents the net
proceeds deposited into the IRS code 1031 exchange account of $7,315,197. The
remaining difference includes the required $500,000 over funding of the payoff
for the $1,000,000 second mortgage held on the sold property and other escrowed
items that were not settled by the close of this quarter. The immediate
settlement of the second mortgage at closing was delayed by request of the
receiver for the mortgage holder. Upon release these funds will be deposited in
the 1031 exchange account.

         The $1,942,135 deferred income taxes represent the amount of tax that
is subject to indefinite deferral if certain conditions are met with the use of
funds held in the 1031 exchange account. The amount of $9,838 in current
maturities of long-term debt was for a remaining amount owed on the primary
mortgage of the subsidiary. This amount was unresolved as of the end of the
quarter, but has been settled as of the time of this filing. Therefore, as of
this filing, all long-term debt associated with the subsidiary and the property
have been satisfied.

Outlook

         As stated earlier, the net proceeds of the sale of the subsidiary's
asset have been placed in an IRS rule 1031 Exchange account held by a third
party. The intention of the Company is to take advantage of tax deferral
strategies if the funds are used to acquire like-kind real estate properties
within specified time frames and meeting certain criteria. The Company fully
intends to reinvest in properties that meet its primary objective and will
attempt to take advantage of the 1031 Exchange account benefits. There can be no
assurances that the Company will be able to fully take advantage of all benefits
of the Section 1031 exchange.

                                       8
<PAGE>
                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings

        Not applicable

Item 2. Changes in Securities

        On May 29, 1998 the Company issued 20,000 shares on common stock as
compensation to the President that was exempt from the registration requirements
of the Securities Act of 1933 pursuant to Section 4(2) of the Act.

Item 3. Defaults Upon Senior Securities

        Not applicable

Item 4. Submission of Matters to a Vote of Security-Holders

         On May 18, 1998 the Company received the written consent of the
majority of shareholders to authorize its wholly owned subsidiaries, Ohio Key I,
Inc. and Ohio Key II, Inc., "Subsidiaries" to enter into an agreement to sell
the collectively owned assets known as Sunshine Key RV Resort and Marina,
"Property". The terms and conditions of the sale outlined in the consent are
described in the "Item 5. Other Information" section of this filing.

Item 5. Other Information

         On May 29, 1998 the Company's wholly owned subsidiaries, Ohio Key I,
Inc. and Ohio Key II, Inc., "Subsidiaries" sold the collectively owned assets
known as Sunshine Key RV Resort and Marina, "Property" for a sale price of
$15,750,000 paid in cash. The sales price was determined by National Home
Communities, L.L.C. "Buyer" as the value it placed on the assets bought. The
Buyer has no material relationship with the Company or any of its affiliates,
directors or officers, or any associate of any such director or officer.

Item 6.  Exhibits and Reports on Form 8-K

                  27.   Financial Data Schedule (for SEC use only)

                                       9

<PAGE>




                                   SIGNATURES

         In accordance with Section 13 or 15 (d) of the Securities Exchange Act
of 1934, Pelican Properties, International, Corp. has caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.


                                      PELICAN PROPERTIES, INTERNATIONAL, CORP.



DATE:  August 17, 1998                By: /S/ C. John Knorr
                                         ----------------------------------
                                          C. John Knorr, Chairman


DATE:  August 17, 1998                By: /S/ Timothy M. Benjamin
                                         ----------------------------------
                                          Timothy M. Benjamin, CFO/Treasurer



                                       10