United States
     Securities and Exchange Commission
            Washington, DC 20549

                 FORM 10-QSB

 [X] QUARTERLY REPORT UNDER SECTION 13 OR 15
                 (d) OF THE
     SECURITIES AND EXCHANGE ACT OF 1934

          For the quarterly period ended
     March 31, 1996

[ ] TRANSITION REPORT UNDER SECTION  13 OR 15
                 (d) OF THE
                EXCHANGE ACT

          Commission file Number 0 - 22678

         PM MANAGEMENT SYSTEMS, INC.
     Exact name of small business issuer
         As specified in its charter

 Nevada                            84 - 1193941
(State or other jurisdiction of  I.R.S. Employer
incorporation or organization    Identification No


     404 Scott Point Drive, Salt Spring
          Island, BC V8K 2R2 Canada
   (Address of principal executive office)

              (250) 537 - 5732
          Issuer's telephone number

 1001 South Monaco Parkway, Denver, CO 80224
   (Former name, former address and former
 fiscal year, if changed since last  report)

   APPLICABLE ONLY TO ISSUERS INVOLVED IN
                 BANKRUPTCY
   PROCEEDINGS DURING THE PAST FIVE YEARS

   Check whether the registrant filed all
       documents and reports required
 To be filed by Section 12, 13 or 15 (d) of
 the Exchange Act after the distribution of
Securities under a plan confirmed by a court.
              Yes ____  No ____

    APPLICABLE ONLY TO CORPORATE ISSUERS
  State the number of shares outstanding of
            each of the Issuer's
  common equity as of the last practicable
           date:  1,020,000 shares

Transitional Small Business Disclosure Format
        (check one)  Yes ___  No    X
        P.M. MANAGEMENT SYSTEMS, INC.




PART II
              OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS
                         NONE

Item 2.  CHANGES IN SECURITIES

     On January 25, 1996, the Company
     Canceled 7,980,000 shares of Common
     Stock issued previously in exchange for
     all of the Units of Ownership of Ad-A-
     Cab America, LLC, a Wyoming Limited
     Liability Company.  Reports filed on
     Form 8-K are included as Exhibits A and
     B to this document


Item 3.  DEFAULTS UPON SENIOR SECURITIES
                                   NONE

Item 4.  SUBMISSION OF MATTERS TO A VOTE OF
SECURITIES HOLDERS

     No matters have been submitted to a vote
     of the stockholders during the nine
     months ended September 30, 1996.

Item 5.  OTHER INFORMATION
                         NONE

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits

       Exhibit No. 27 Financial Data
       Schedule

     (b)  Reports on Form 8-K

       Two reports on Form 8-K were filed by
       the Company during the fiscal quarter
       ended March 31, 1996.  They are
       included as Exhibits A and B of this
       document.

                 SIGNATURES
     In accordance with the requirements of
the Exchange Act, the registrant caused this
report to be signed by its behalf by the
undersigned, thereto duly authorized.


                              P.M. MANAGEMENT
SYSTEMS, INC.

     Dated: December 15, 1999      By:
/S/Anthony V. Feimann
                             Anthony V.
Feimann, Secretary,
                             Chief Financial
Officer
                                 Principal
             Accounting Officer


        (A development stage company)

               Balance Sheets
           March 31, 1996 and 1995
                 (Unaudited)

                              1996    1995

ASSETS:

     Current Assets
     Cash                      0      496

     License Rights            0    1,924,999

     Product Development Costs 0      8,806

     Equipment                 0     22,992

     Investment in Ad-A-Cab Canada, Inc.
                              0         1

TOTAL ASSETS:                0     1,957,294


LIABILITIES:

     Current Liabilities

     Due to Ad-A-Cab Canada, Inc.
                              0     2,880

     Payable to a director
                               0  37,935

TOTAL LIABILITIES:
                              0    40,815


STOCKHOLDERS EQUITY:

    Common Stock, No par Value
    Authorized, 10,000,000 shares
    Issued and outstanding, 2,020,000 shares
                          74,150   1,999,150

    Preferred Stock, no par value, non-
voting
    Authorized, issued and outstanding
                          1,000    1,000

TOTAL:
                        75,150    2,000,150

    Deficit accumulated during the
     Development stage
                      (75,000)    (83,521)

     Treasury Stock      150         150

TOTAL STOCKHOLDERS EQUITY
                          0     1,916,479


TOTAL LIABILITIES AND STOCKHOLDERS EQUITY
                         0      1,957,294

        P.M. MANAGEMENT SYSTEMS, INC.
        (A development stage company)

        STATEMENT OF LOSS AND DEFICIT
                 (Unaudited)
For the three months ended March 31, 1996 and
                    1995


                          1996        1995



GENERAL AND ADMINISTRATIVE EXPENSES:

     Office Facilities and Rent
                          0           5,869

     Travel and Promotion
                         0            4,975

     Automobile
                          0           504

     Consulting Fees
                         0          2,160

LOSS FOR THE PERIOD:
                         0          13,508

DEFICIT - BEGINNING OF PERIOD:
                     75,000        70,013

DEFICIT  END OF PERIOD:
                    75,000         83,521

        P.M. MANAGEMENT SYSTEMS, INC.
        (A development stage company)

          STATEMENTS OF CASH FLOWS
                 (Unaudited)
For the three months ended March 31, 1996 and
                    1995



                      1996             1995

CASH PROVIDED BY (USED FOR)0:

PENALTY ACTIVITIES

     Loss for the Period
                     0               (13,508)

     Decrease in Accounts Payable
                     0                 (9,800)

TOTAL:                0              (23,308)

INVESTING ACTIVITY:

     Purchase of Equipment
                      0               (22,992)

FINANCING ACTIVITY:

     Increase in loans from a Director
                                      35,775

     Increase in Advances from Ad-A-Cab
Canada, Inc                    0       2,880

TOTAL:                        0         38,655

INCREASE (DECREASE) IN CASH
FOR THE PERIOD              0          (7,645)

CASH - BEGINNING OF PERIOD
                              0         8,141

CASH  END OF PERIOD
                           0            496




P.M. MANAGEMENT SERVICES, INC.
        (a development stage company)

     STATEMENTS OF STOCKHOLDERS EQUITY
                 (Unaudited)
  For the three months ended March 31, 1996

<TABLE>
<CAPTION>



            Number of shares Amount
<S>           <C>      <C>        <C>       <C>       <C>      <C>          <C>

                                                               Deficit
                                                               Accumulated
                                                               During the
                                                      Treasury Development
             Common    Preferred  Common    Preferred Stock    Stage        TOTAL
Balance
January 1
1996         10000000  1000000    1999150   1000      ($ 150)  ( 75000)1925000

Cancellation
Of purchase
Of Ad-A-Cab
America, LLC
& Cancellation
of 7,980,000
Common Shares
January 25,
 1996        (7980000)            (1925000)                           (1925000)


Net Loss for
The period                                                                    0


March 31,
1996         2020000  1000000     74,150     1,000     ( 150)    (75000)      $0


</TABLE>


        NOTES TO FINANCIAL STATEMENTS
For the three month period ending March 31, 1996 and
                    1995


NOTE 1 - ORGANIZATION OF P.M. MANAGEMENT SYSTEMS, INC.:
P.M. Management Systems, Inc. is a Colorado corporation
and is currently in the development stage.  On May 6,
1994, the Company changed its name from Process Based
Management, Inc. to P.M. Management Systems, Inc.

On September 5, 1994, the Company acquired all the
issued and outstanding ownership interests in Ad-A-Cab
America, LLC, a Wyoming Limited Liability Company.  To
effect the reorganization pursuant to Section 368(a)
(1) (B) of the Internal Revenue Code, the Company
issued 7,980,000 shares of its previously authorized,
but unissued no par value common stock

In January, 1996, the Company terminated its ownership
interests in Ad-A-Cab America LLC.  The above-mentioned
7,980,000 that were issued September 5, 1994 were
returned and cancelled by the Company.

NOTE 2 - GOING CONCERN:
Since its formation, the Company has incurred losses of
$75,000.  The ability of the Company to achieve its
development plans and recover the carrying value of
license rights is dependent on the support of its unit
holders and creditors to provide for the necessary
funding for ongoing operations.  These financial
statements have been prepared on a going concern basis
and do not reflect adjustments, which would be
necessary, if the Company were unable to continue as a
going concern.


       P.M. MANAGEMENT SERVICES, INC.



                  EXHIBIT A

    US Securities and Exchange Commission
            Washington, DC 20549


               CONFORMED COPY



                  Form 8-K







  Current Report Pursuant to Section 13 or
                  15(d) of
     The Securities Exchange Act of 1934



Date of earliest event reported: December 18,
1995



         PM Management Systems, Inc.
  (Formerly named Process Based Management,
                    Inc.)



     Colorado                        0-22678
84-1193941
     (State of Incorporation)
(Commission                         (EIN)

File Number)



404 Scott Point Drive, Salt Spring Island, BC
               Canada V8K 2R2
  (Address of Principal Executive Offices)


Registrants Telephone Number, Including Area
            Code: (250) 537-5732





Form 8-K: Dated January 17, 1999.
PM Management Systems, Inc.
Commission File # 0-22678
Page 2

Item 1 - Changes in Control of Management

               Not Applicable

Item 2 - Acquisition or Disposition of Assets

     On December 18, 1995, the registrant
wrote off its investment in its subsidiary,
Ad-A-Cab America, LLC.  The registrants
directors concluded that the concept was not
viable in North America at that time, in
spite of some success in Australia.

Item 3 - Bankruptcy or Receivership

               Not Applicable

Item 4 - Changes in the Registrants
Certifying Public Accountant

               Not Applicable

Item 5 - Other Events

               Not Applicable

Item 6 - Resignations of Registrants
Directors

     On December 18, 1995, the registrants
Board of Directors accepted the resignations
of James B. Raines and Russell Roten as
directors.  These resignations were the
result of the boards decision to not
continue to pursue the business of on Cab
advertising and to write off its investment
in its subsidiary, Ad-A-Cab America, LLC.

Item 7 - Financial Statements and Exhibits

     Exhibit A - Copy of minutes of
Registrants directors meeting, accepting
directors resignations.

     Exhibit B - Copy of minutes of
Registrants directors meeting, writing off
registrants investment in Ad-A-Cab America,
LLC.


Item 8 - Change in Fiscal Year

               Not Applicable

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

Dated: January 17, 1999
                                   PM
                                   Management
                                   Systems,
                                   Inc

                                   /S/
Anthony V. Feimann
                                   Anthony V.
Feimann, Secretary



                  EXHIBIT B


    US Securities and Exchange Commission
            Washington, DC 20549


               CONFORMED COPY



                  Form 8-K







  Current Report Pursuant to Section 13 or
                  15(d) of
     The Securities Exchange Act of 1934



Date of earliest event reported: January 22,
1996



         PM Management Systems, Inc.
  (Formerly named Process Based Management,
                    Inc.)



     Colorado                        0-22678
84-1193941
     (State of Incorporation)
(Commission                         (EIN)

File Number)



404 Scott Point Drive, Salt Spring Island, BC
               Canada V8K 2R2
  (Address of Principal Executive Offices)


Registrants Telephone Number, Including Area
            Code: (250) 537-5732





Form 8-K: Dated January 17, 1999.
PM Management Systems, Inc.
Commission File # 0-22678
Page 2

Item 1 - Changes in Control of Management

               Not Applicable

Item 2 - Acquisition or Disposition of Assets

     On January 22, 1996, the registrant
exchanged all 2000 Units of participation it
had received in acquiring Ad-A-Cab America,
LLC, a Wyoming Limited Liability Company, for
the 7,980,000 shares of no par value common
stock it had issued as part of the
acquisition.  The registrant also resolved to
cancel the aforementioned shares uipon
receipt.  On December 18, 1995, the
registrant wrote off its investment in Ad-A-
Cab America, LLC.

Item 3 - Bankruptcy or Receivership

               Not Applicable

Item 4 - Changes in the Registrants
Certifying Public Accountant

               Not Applicable

Item 5 - Other Events

               Not Applicable

Item 6 - Resignations of Registrants
Directors

                             Not Applicable

Item 7 - Financial Statements and Exhibits

     Exhibit A - Copy of minutes of
Registrants January 22nd directors meeting,
agreeing to exchange 2000 Units of Ad-A-Cab
America for 7,980,000 shares of the
registrants common shares and to cancel such
shares.

      Item 8 - Change in Fiscal Year

               Not Applicable



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

Dated: February 7, 1999                 PM
                              Management
                              Systems, Inc

                                   /S/
Anthony V. Feimann
                                   Anthony V.
Feimann,





































   Minutes of Special Meeting of Directors

The Board Of Directors of PM Management
Systems, Inc. held a special meeting at #601
- 1450 Pennyfarthing Drive, Vancouver, BC, on
January 22, 1996, at 7:30 PM .  The following
persons consisting of a quorum were present:

          Edward D. Duncan, Director and
President

          Anthony V. Feimann, Director and
Secretary

          Timothy E. Sewell, Director and
Vice-president (Via Telephone)

     Mr. Duncan served as chairperson of the
meeting and Mr Feimann served as Secretary of
the meeting.

     After reading a waiver of notice of the
meetings notice, which had been signed by
every director present, the Secretary was
directed to attach a copy of the waiver with
the minutes of the meeting.

     Having announced that a quorum of the
Board of Directors - as required by the By-
laws of the corporation - necessary for the
holding of a meeting of directors - was
present and that the meeting had been duly
convened, the chairperson further announced
that the meeting could proceed with its
business.

Upon duly made, seconded and fully discussed
motions, the following resolutions were
adopted.

          RESOLVED: That, in consideration
for the return of 3,990,000 common shares by
Maxfield Investments, Limited;  2,793,000
common shares by Ad-A-Cab International,
Limited and 1,197,000 common shares by
Russell Roten (for an aggregated total of
7,980,000 shares) that the Company would
return 2000 Units of Participation in Ad-A-
Cab America, LLC representing 100% ownership
and acquired in the reorganization pursuant
to Section 368(a)(1)(B) of the Internal
Revenue Code and dated September, 1994
 .
     There being no further business before
the meeting, the motion seconded and carried,
the meeting was adjourned


/S/ Anthony V. Feimann
Anthony V. Feimann, Secretary