FORM 10-QSB

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


(Mark One)

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

     For the quarterly period ended September 30, 1998

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

     For the transition period from ________ to ___________.


                         Commission file number 0-21853


                         CADAPULT GRAPHIC SYSTEMS, INC.
             (Exact name of registrant as specified in its charter)  


                    Delaware                            87-0413539
          (State or other jurisdiction of              (IRS Employer
          incorporation or organization)            Identification No.)


             110 Commerce Drive, Allendale, New Jersey    07401
             Address of principal executive offices)    (Zip Code)

                               (201) 236-1100
             (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the 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____

As of November 1, 1998, the registrant had 2,811,518 shares of common stock, 
par value $.001 per share, outstanding.

Transitional Small Business Disclosure Format (check one): Yes____  No __x__

                                       1

<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1.       Financial Statements

              INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

Consolidated Balance Sheet as of September 30, 1998 and 
June 30, 1998 (unaudited) . . . . . . . . . . . . . . . . . . . .3

Consolidated Statements of Operations For the Three 
Months Ended September 30, 1998 and 1997 (unaudited) . . . . . . 4

Consolidated Statement of Changes in Stockholder's Equity 
For the Three Months Ended September 30, 1998 (unaudited) . . . .5

Consolidated Statements of Cash Flows For the Three 
Months Ended September 30, 1998 and 1997 (unaudited) . . . . . . 6

Notes to Consolidated Financial Statements . . . . . . . . . . . 7

                                       2

<PAGE>

               Cadapult Graphic Systems, Inc. and Subsidiaries
                         Consolidated Balance Sheets
                                 (Unaudited)

<TABLE>
<CAPTION>
               ASSETS                            September 30,    June 30,
                                                      1998          1998
                                                 -------------  -----------
<S>                                              <C>            <C>                                          
CURRENT ASSETS:
  Cash                                           $  485,185     $   22,820 
  Accounts Receivable, less allowance             1,187,411      1,653,624
    for doubtful accounts of $22,500
  Attorney Escrow Account                                 -        320,000
  Inventories                                       724,929      1,057,084
  Prepaid and refundable income taxes                46,295         46,295
  Prepaid expenses and other current assets          53,081         38,591
                                                 ----------     ----------
    Total Current Assets                          2,496,901      3,138,414

PROPERTY AND EQUIPMENT, NET                         262,743        232,024
OTHER ASSETS:
  Goodwill and other intangible assets              417,259        410,195
  Deferred Tax Asset                                 39,000              -
  Security Deposits                                  31,343         31,343
                                                 ----------     ----------
                                                    487,602        441,538
TOTAL ASSETS                                     $3,247,246     $3,811,976
                                                 ==========     ==========

               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Note payable to Bank                           $  850,000     $  695,000
  Current maturities of long-term debt               89,347         89,220
  Accounts Payable                                1,185,033      1,936,974
  Accrued Expenses and other                         54,667        131,510
    current liabilities
  Due to officer                                          -         20,000
  Deferred Revenue                                  192,383        144,600
                                                 ----------     ----------
                                                  2,371,430      3,017,304
OTHER LIABILITIES:
  Long-term debt, less current maturities           134,403        156,990
  Note payable to related party                      20,832         20,832
                                                 ----------     ----------
                                                    155,235        177,822
COMMITMENTS
STOCKHOLDERS' EQUITY
  Common Stock, $.001 par value, authorized 
    50,000,000 shares, issued 2,811,518 in 
    September and 2,583,518 in June                   2,812          2,583
  Additional paid-in capital                        685,981        423,167
  Retained Earnings                                  31,788        191,100
                                                 ----------     ----------
  Total Stockholders' equity                        720,581        616,850

Total Liabilities and Stockholders' Equity       $3,247,246     $3,811,976
                                                 ==========     ==========
</TABLE>
See accompanying notes to consolidated financial statements                 

                                       3

<PAGE>

                 Cadapult Graphic Systems, Inc. and Subsidiaries
                      Consolidated Statements of Operations
                                  (Unaudited)
<TABLE>
<CAPTION>
                                                      Three Months Ended
                                                        September 30,
                                                    1998           1997
                                                 ----------     ----------
<S>                                              <C>            <C>
NET SALES                                        $1,943,161     $1,669,309
                                                 ----------     ----------
COSTS AND EXPENSES:
  Cost of sales                                   1,399,500      1,215,925
  Selling, general and administrative expenses      716,171        482,185
                                                 ----------     ----------
LOSS FROM OPERATIONS                              (172,511)       (28,801)

INTEREST EXPENSE, NET                                25,801         19,017
                                                 ----------      ---------
LOSS BEFORE INCOME TAXES (CREDITS)                (198,312)       (47,818)

INCOME TAXES (CREDITS):
  Current                                                 -              -
  Deferred                                         (39,000)       (19,000)
                                                 ----------     ----------
                                                   (39,000)       (19,000)

NET LOSS                                         $(159,312)     $ (28,818)
                                                 ==========     ==========
WEIGHTED AVERAGE COMMON SHARES OUTSTNADING        2,704,953      1,630,000
                                                 ==========     ==========
NET LOSS PER COMMON SHARE-
  BASIC AND DILUTED                              $   (0.06)     $   (0.02)
                                                 ==========     ==========
</TABLE>
See accompanying notes to consolidated financial statements.

                                       4

<PAGE>

                 Cadapult Graphic Systems, Inc. and Subsidiaries
            Consolidated Statement of Changes in Stockholders' Equity
                  For the Three Months Ended September 30, 1998
                                  (Unaudited)
<TABLE>
<CAPTION>
                                                                       Total
                                  Common Stock   Additional            Stock-
                                ----------------  Paid-in   Retained   holders
                                 Shares   Amount  Capital   Earnings   Equity
                                --------- ------ ---------- --------  --------
<S>                             <C>       <C>    <C>        <C>         <C>
BALANCES, JUNE 30, 1998         2,583,518 $2,583 $  423,167 $ 191,100   616,850

PERIOD ENDED SEPTEMBER 30, 1998 
  Sale of Common Stock issued
    through Private Placement     228,000    229    249,771         -   250,000
  Issuance of Warrants for
    Services                            -      -     13,043         -    13,043
Net loss                                -      -          - (159,312) (159,312)
                                --------- ------ ---------- --------- ---------

BALANCES, SEPTEMBER 30, 1998    2,811,518 $2,812 $  685,981 $  31,788 $ 720,581
                                ========= ====== ========== ========= =========
</TABLE>
See accompanying notes to consolidated financial statements.

                                       5

<PAGE>

                  Cadapult Graphic Systems, Inc. and Subsidiaries
                            Statements of Cash Flows
                                  (Unaudited)
<TABLE>
<CAPTION>
                                                       Three Months Ended
                                                          September 30,
                                                      1998            1997
                                                    ----------      ----------
<S>                                                 <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                          $(159,312)     $ (28,818)
  Adjustments to reconcile net loss to net
    cash flows from operating activities:
      Depreciation and amortization                     31,381         22,500
      Deferred income taxes                           (39,000)       (42,177)
      Issuance of Warrants for services                 13,042              -
      Changes in operating assets and liabilities:
        Accounts receivable                            466,213      (227,728)
        Inventories                                    332,155         65,119
        Prepaid and refundable income taxes                  -       (12,516)
        Prepaid expenses and other current            (14,490)        31,724)
          assets
        Security deposits                                   -           1,823
        Accounts payable                             (751,941)        147,165
        Accrued expenses and other current            (76,844)         23,795
          liabilities
        Deferred revenue                                47,783       (62,030)
                                                    ----------     ----------
        Net cash flows from operating activities     (151,013)      (144,592)
                                                    ----------     ----------
CASH FLOWS FROM INVESTING ACTIVITIES-
  Costs related to acquisition                        (16,090)              -
  Purchases of property and equipment                 (53,072)       (47,963)
                                                    ----------     ----------
    Net cash flows from investing activities          (69,162)       (47,963)
                                                    ----------     ----------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Note payable to bank                                 155,000       (50,000)
  Payments on long term debt                          (22,460)        (2,352)
  Due to officer                                      (20,000)              -
  Attorney Escrow Account                              320,000              -
  Sale of common stock, Net                            250,000              -
                                                    ----------     ----------
    Net cash flows from financing activities           682,540       (52,352)
                                                    ----------     ----------
NET CHANGE IN CASH                                     462,365      (244,907)

CASH, BEGINNING OF PERIOD                               22,820        317,796
                                                    ----------     ----------
CASH, END OF PERIOD                                 $  485,185     $   72,889
                                                    ==========     ==========
SUPPLEMENTAL CASH FLOW INFORMATION:
  Interest paid                                     $   25,801     $   19,017
                                                    ==========     ==========
  Income taxes paid                                          -              -
                                                    ==========     ==========
</TABLE>
See accompanying notes to consolidated financial statements.

                                       6

<PAGE>

CADAPULT GRAPHIC SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION

     The consolidated balance sheet as of June 30, 1998 has been derived from 
the unaudited balance sheet that was included in the Company's transition 
report filed on Form 10-QSB/A for the two month transition period ended June 
30, 1998 and is presented for comparative purposes.  All other financial
statements are unaudited.  All material intercompany accounts and transactions
have been eliminated.  In the opinion of management, all adjustments, which
include only normal recurring adjustments necessary to present fairly the
financial position, results of operations and cash flows for all periods
presented, have been made.  The results of operations for interim periods are
not necessarily indicative of the operating results for the full year.

     Footnote disclosures normally included in financial statements prepared
in accordance with generally accepted accounting principles have been omitted
in accordance with the published rules and regulations of the Securities and
Exchange Commission.  These financial statements should be read in conjunction
with the financial statements and notes thereto included in the Company's Form
8K/A.

NOTE 2 - ORGANIZATION AND NATURE OF BUSINESS

     Pursuant to an Agreement and Plan of Reorganization dated June 5, 1998 
(the "Plan"), between the Registrant; Cadapult Graphic Systems, Inc., a New
Jersey corporation ("Cadapult"); all of the stockholders of Cadapult (the 
"Cadapult Stockholders"); Jenson Services, Inc., a Utah corporation ("Jenson
Services"); and Duane S. Jenson and Jeffrey D. Jenson (collectively, the
"Jensons"), the Cadapult Stockholders became the controlling stockholders of 
the Registrant in a transaction viewed as a reverse acquisition, and Cadapult
became a wholly-owned subsidiary of the Registrant.  The Plan was treated as a
recapitalization of Cadapult for accounting purposes, and the closing date of 
the Plan was June 18, 1998.  The historical financial statements of Seafoods 
Plus Ltd. prior to the merger will no longer be reported, as Cadapult's 
financial statements are now considered the financial statements of the 
ongoing reporting entity.

                                       7
<PAGE>

     On August 10, 1998, the stockholders approved an amendment to the
Certificate of Incorporation of the Company to change the Company's name from
Seafoods Plus Ltd. to Cadapult Graphic Systems, Inc.  The stockholders also
approved the reincorporation of the Company as a Delaware corporation and a
related Agreement and Plan of Merger pursuant to which the Company will be
merged into a wholly-owned Delaware subsidiary.  The Board of Directors of the
Company and its New Jersey Subsidiary have authorized a Parent/Subsidiary 
merger of the two companies.

     On June 24, 1998, the Company elected to change its fiscal year from a
December 31 year end to a June 30 year end.

     The Company is engaged in the business of providing computer graphics
systems, peripherals, supplies, training and service to graphics professionals.
The Company is a value-added dealer of computer graphics equipment and 
supplies, including animation and design software and workstations, publishing
software and workstations, file servers, networks, color scanners and color
printers and copiers.  The Company's markets include advertising and marketing
companies, printers, quick print shops, services bureaus, animators and 
industrial designers, as well as the broad market for color printers.

NOTE 3 - PRIVATE PLACEMENT

     In August 1998, the Company completed a private placement through the sale
of 524,000 shares of its Common stock for $655,000.  Expenses associated with
the private placement are estimated at $35,000, providing the Company with net
proceeds of $620,000.

NOTE 4 - COMMITTMENT

     On September 4, 1998, the Company entered into a Lease Modification
Agreement for its New Jersey headquarters facility, to extend its current 
lease to March 31, 2002.  The Annual Base Rental will be reduced to $79,332 
from $91,232 effective March 31, 1999.

                                       8

<PAGE>

Item 2.       Management's Discussion and Analysis of Financial Condition
              and Results of Operations

The following discussion and analysis should be read in conjunction with the 
information set forth in the unaudited financial statements and notes thereto, 
included elsewhere herein, and the audited financial statements and the notes 
thereto, included in the Form 8K/A.

Results of Operations
For the Three Months Ended September 30, 1998 and 1997
------------------------------------------------------

Sales.  Consolidated sales for the three months ended September 30, 1998 
compared to the same period in 1997, increased approximately 16% to $1,943,161 
from $1,669,309.  The revenue mix in 1998 between systems, supplies and 
services has remained comparable to the same period in 1997.  The increase in
sales can be primarily attributed to the acquisition of BBG Technologies in
March 1998, and the increase in sales personnel.

Cost of Sales.  Cost of Sales for the three months ended September 30, 1998 
were $1,399,500, or approximately 72% of sales, as compared to $1,215,925 or 
approximately 73% of sales for the comparable period in 1997.  The Cost of 
Revenues in 1998 have remained consistent from the same period in 1997, along 
with the revenue mix.

Selling, General and Administrative.  For the three months ended September 30, 
1998, Selling, General and Administrative expenses increased to $716,171 from 
$482,185, which represents an increase to 37% of sales from 29% of sales.  The 
increase in 1998 is due mainly to an increase in legal,  accounting and 
consulting fees associated with the merger and being a publicly held company, 
to amortization of goodwill resulting from the acquisition of BBG Technologies 
in March 1998, and to increased payroll resulting from an increase in personnel
to 28 employees from 23 employees.  The increase in personnel can be attributed
to additions in sales, technical and administrative staff in preparation for
future acquisitions.

Interest Expense.  For the three months ended September 30, 1998, Interest
expense increased to $25,801 from $19,017.  The increase in 1998 is due 
primarily to the increase in borrowing due to the acquisition of BBG 
Technologies in March 1998.

Income Taxes.  For the three months ended September 30, 1998, the Company has 
recorded a tax benefit of a net operating loss carryforward of $39,000 net of a 
$39,000 valuation allowance.  For the three months ended September 1997, the 
Company was able to carry back its net operating losses.

Net Loss.  For the three month period ended September 30, 1998, the Company 
incurred a net loss of $159,312 or $0.06 per share as compared to a net loss of
$28,818 or $0.02 per share for the corresponding three month period ended 
September 30, 1997.

                                       9

<PAGE>

Liquidity and Capital Resources

The Company has an agreement with a bank under which it can borrow up to 
$1,200,000 under a revolving line of credit, subject to availability of 
collateral.  Borrowings bear interest at 1% over the bank's base rate, are 
payable on demand and are collateralized by all assets of the Company.  As of 
September 30, 1998 the Company had used $850,000 of this line.

In August of 1998, the Company successfully completed a private offering for 
$655,000 consisting of 524,000 shares of Common Stock at a purchase price of 
$1.25.  Expenses associated with the private placement are estimated at $35,000,
providing the Company with net proceeds of $620,000.  The Company plans to use 
the proceeds for strategic acquisitions complimentary to its core business.

The Company had a positive cash flow of $462,365 for the three months ended 
September 30, 1998.  This resulted primarily from the proceeds of the private 
placement.  Cash used in operations resulted in negative cash flows of $151,012 
which primarily consists of a decrease in accounts receivable of $466,213 and a 
decrease in inventory of $332,155, offset by a decrease in accounts payable and 
accrued liabilities of $828,785.  

Seasonality

It is anticipated that the Company's cash flow from operations will be 
significantly greater in the fall and winter months than in the spring and 
summer months due to the purchasing cycles associated with the Company's 
products.  In the event that the Company is unable to generate sufficient cash 
flows from operations during the seasons of peak operations, the Company may be
required to utilize other cash reserves (if any) or seek additional equity/debt
financing to meet operating expenses, and there can be no assurance that there 
will be any other cash reserves or that additional financing will be available 
or, if available, on reasonable terms.

Year 2000 Discussion

Many computer programs were designed to perform data computations on the last 
two digits of the numerical value of the year.  When computations referencing 
the year 2000 are performed, these programs may interpret -00- as the year 1900 
and could either corrupt the date-related computations or not process them at 
all.  As a result, many software and computer systems may need to be upgraded 
or replaced in order to comply with such year 2000 requirements.

                                       10

<PAGE>

The Company has reviewed all its computer systems, which are provided by 
third-party manufacturers.  The manufacturers have represented to the Company 
that their systems are or will be year 2000 compliant.  The Company does not
anticipate incurring significant additional costs to address the year 2000 
issue, although the effectiveness of the Company's present efforts to address 
the issues cannot be assured.  However, the Company could be adversely 
impacted by year 2000 issues faced by significant customers, vendors, 
suppliers and financial service organizations with whom the Company conducts
business.  The Company still needs to determine the degree of preparedness of
its customers, vendors, suppliers and financial service organizations and 
whether alternate vendors, suppliers and financial service organizations will
be needed or available in the event of any disruption in the supply of goods or
services to the Company.  

Forward Looking Statements

The foregoing management discussion and analysis contains forward-looking 
statements and information that are based on management's beliefs, as well as 
assumptions made by, and information currently available to, management.  These
forward-looking statements are based on many assumptions and factors, and are 
subject to many conditions, including the Company's continuing ability to 
obtain additional financing, dependence on contracts with suppliers, 
competitive pricing for the Company's products, demand for the Company's 
products which depends upon the condition of the computer industry, and the
effects of increased indebtedness as a result of the Company's business 
acquisitions.  Except for the historical information contained in this new
release, all forward-looking information are estimates by the Company's 
management and are subject to various risks, uncertainties and other factors
that may be beyond the Company's control and may cause results to differ from
management's current expectations, which may cause actual results, 
performance or achievements of the Company to be materially different from 
future results, performance or achievements expressed or implied by such 
forward-looking statements.

                                       11

<PAGE>

PART II - OTHER INFORMATION

Item 2.       Changes in Securities and Use of Proceeds.

Between June and August 1998, the Company offered and sold 524,000 shares of 
common stock, par value $.001 per share, at an aggregate price of $655,000, 
in reliance upon Sections 4(2) and/or 3(b) of the Securities Act of 1933, as 
amended.  The Company sold the shares of common stock to a limited number of 
persons.  The shares of common stock are not registered under the Securities 
Act of 1933, as amended, and may not be offered or sold in the United States 
absent registration or an applicable exemption from registration.  The 
Company intends to use the proceeds for working capital purposes, including
the acquisition of other businesses.

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

On August 10, 1998, the Company held a special meeting of shareholders.  A 
proposal to adopt the Company's 1998 Incentive Plan, pursuant to which 
options to purchase  shares of common stock will be granted to employees, 
directors and others, was approved, with 1,588,000 votes cast for, no votes 
cast against, no votes withheld, and no abstentions.  A proposal to approve 
the reincorporation of the Company as a Delaware corporation and a related 
Agreement and Plan of Merger was approved, with 1,588,000 votes cast for, no 
votes cast against, no votes withheld, and no abstentions.  A proposal to 
approve an amendment to the Certificate of Incorporation to change the 
Company's name was approved, with 1,588,000 votes cast for, no votes cast 
against, no votes withheld, and no abstentions.

Item 5.       Other Information.

As previously reported on Form 10-QSB, pursuant to proposals submitted to a 
vote of shareholders of the Company, as stated in Item 4 above (the 
"Shareholder Actions"), the Company has reincorporated in Delaware.  A 
registration statement on Form S-8 (the "Registration  Statement") was filed 
with the Securities and Exchange Commission on August 13, 1998 to register 
the Incentive Shares.

The Company, pursuant to a unanimous vote of its board of directors, has 
effected the merger of its operating subsidiary, Cadapult Graphic Systems Inc.,
a New Jersey corporation, into the parent Delaware corporation.  The Company 
filed a Certificate of Ownership and Merger in Delaware on or about August 
14, 1998, and a Certificate of Merger in New Jersey on or about October 13, 
1998.  

                                       12

<PAGE>

Item 6.       Exhibits and Reports on Form 8-K

(a)    Exhibits.

The following exhibits are filed with this report:

Exhibit 3.1:       Certificate of Merger of Seafoods Plus, Ltd. into Cadapult 
                   Graphic Systems, Inc.

Exhibit 3.2:       Certificate of Ownership and Merger Merging Cadapult Graphic 
                   Systems Inc. into Cadapult Graphic Systems, Inc.

Exhibit 3.3:       Certificate of Merger of Domestic and Foreign Corporations 
                   into Cadapult Graphic Systems, Inc.

Exhibit 11:        Statement Concerning Computation of Per Share Earnings is 
                   hereby incorporated by reference to "Financial Statements" 
                   of Part I - Financial Information, Item 1 - Financial
                   Statements, contained in this Form 10-QSB.

Exhibit 27:        Financial Data Schedule for the three months ended 
                   September 30, 1998


(b)    Reports on Form 8-K.

As previously reported on Form 10-QSB, on July 7, 1998, the Company submitted a
Form 8-K reporting the acquisition of Cadapult Graphic Systems Inc.; on July 
10, 1998, the Company  submitted a Form 8-K reporting the change in its fiscal 
year; on July 13, 1998, the Company submitted a Form 8-K reporting the 
dismissal of its former principal accountants; on July 13, 1998, the Company 
submitted a Form 8-K reporting the selection of its new principal accountants; 
and on or about August 31, 1998, the Company submitted a Form 8-K/A, amending
its Form 8-K filed on July 7, 1998.


                                 SIGNATURES

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

                                    CADAPULT GRAPHIC SYSTEMS, INC.

Date:    November 2, 1998           /s/ Michael W. Levin
                                    -------------------------------------
                                    Michael W. Levin
                                    President and Chief Executive Officer

                                       13