SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, DC  20549

                             FORM 10-QSB/A

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

             For the quarterly period ended July 31, 1998

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

       For the transition period from            to           


                  Commission file number 2-98997-NY

                 
                    NOVA INTERNATIONAL FILMS,INC.
  (Exact name of Small Business Issuer as Specified in its Charter)


Delaware                                               11-2717273
(State or other jurisdiction                     (I.R.S. Employer
of incorporation or                                Identification
organization)                                             Number)

                       6350 N.E. Campus Drive 
                     Vancouver, Washington  98661
               (Address of Principal Executive Offices)

                            (360) 737-6800
          (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         

State the number of shares outstanding of each of the Issuer's classes
of common equity, as of the latest practicable date:
                                   
           Common, $.00001 par value per share: 73,583,000
                 outstanding as of September 1, 1998

<PAGE>

                   PART I  -  FINANCIAL INFORMATION


Item 1.   Financial Statements


                    NOVA INTERNATIONAL FILMS, INC.

                    Index to Financial Information

                      Period Ended July 31, 1998



          Item                                         Page

Item 1 -  Financial Statements

          Balance Sheets                               3

          Statements of Operations                     4-5

          Statements of Cash Flows                     6

          Notes to Financial Statements                7-8

Item 2 -  Management's Discussion and Analysis 
          or Plan of Operation                         9

<PAGE>

                         NOVA INTERNATIONAL FILMS, INC.
                                 BALANCE SHEETS
                                   (Unaudited)


                                             JULY 31,      OCTOBER 31,
                                             1998          1997

ASSETS

Cash                                         $      4,979  $      9,126
Furniture and equipment at cost, less
  accumulated depreciation                              -             -

  Total assets                               $      4,979  $      9,126


LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES:

Accounts payable and accrued expenses        $     1,300   $     2,800

  Total liabilities                          $     1,300   $     2,800

COMMITMENTS AND CONTINGENCIES                          -             -

STOCKHOLDERS' EQUITY:

Common Stock, $.00001 par value;
 100,000,000 shares authorized,
 73,583,000 shares issued
 and outstanding, respectively.              $       736   $      736
Additional paid-in capital                     8,197,260    8,197,260
Accumulated deficit                           (8,194,317)  (8,191,670)

  Total stockholders' equity                 $     3,679   $    6,326

  Total liabilities and
   stockholders' equity                      $     4,979   $    9,126


The accompanying notes are an integral part of these statements.

<PAGE>

                         NOVA INTERNATIONAL FILMS, INC.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                                    
                                             For the         For the
                                             Quarter Ended   Quarter Ended
                                             July 31, 1998   July 31, 1997


REVENUES                                     $          -    $          -

COSTS AND EXPENSES:
 General and administrative                  $      1,464    $      1,048
 Depreciation and amortization                          0              97
                                             $      1,464    $      1,145

  OPERATING (LOSS)                           $     (1,464)   $     (1,145)

OTHER INCOME:
 Interest income                                        0               0

(LOSS) BEFORE PROVISION FOR INCOME TAXES     $     (1,464)   $     (1,145)

PROVISION FOR INCOME TAXES                              -               -

NET INCOME (LOSS)                            $     (1,464)   $     (1,145)

Net Income (loss) per share                  $    (.00002)   $    (.00002)

Average no. of shares outstanding              73,583,000      73,583,000



The accompanying notes are an integral part of these statements.
<PAGE>

                         NOVA INTERNATIONAL FILMS, INC.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                                    
                                             For the Nine    For the Nine
                                             Mos. Ended      Mos. Ended
                                             July 31, 1998   July 31, 1997


REVENUES                                     $           -   $          -

COSTS AND EXPENSES:
 General and administrative                  $      2,647    $      2,701
 Depreciation and amortization                          0             292
                                             $      2,647    $      2,993

  OPERATING (LOSS)                           $     (2,647)   $     (2,993)

OTHER INCOME:
 Interest income                                        0             130

(loss) BEFORE PROVISION FOR INCOME TAXES     $     (2,647)   $     (2,863)

PROVISION FOR INCOME TAXES                              -               -

NET INCOME (LOSS)                            $     (2,647)   $     (2,863)

Net Income (loss) per share                  $    (.00004)   $    (.00004)

Average no. of shares outstanding              73,583,000      73,583,000



The accompanying notes are an integral part of these statements.

<PAGE>

                         NOVA INTERNATIONAL FILMS, INC.
                            STATEMENTS OF CASH FLOWS
                           INCREASE (DECREASE) IN CASH
                                   (Unaudited)


                                                       
                                             For the Nine     For the Nine 
                                             Mos. Ended       Mos. Ended
                                             July 31, 1998    July 31, 1997

Cash flows from operating activities:

  Net (loss)                                 $ (2,647)       $  (2,863)

  Adjustments to reconcile net loss
  to net cash provided by operating
  activities:

   Depreciation and amortization             $      0        $     292

  Net changes in assets and liabilities:

   Accounts payable                            (1,500)          (2,400)

    Total adjustments                        $ (1,500)       $  (2,108)
    Net cash provided (used) by
     operating activities                    $ (4,147)       $  (4,971)

  Net (decrease) increase in cash            $ (4,147)       $  (4,971)
  Cash at beginning of period                   9,126           14,797

  Cash at end of period                      $  4,979        $   9,826


The accompanying notes are an integral part of these statements.

<PAGE>

                         NOVA INTERNATIONAL FILMS, INC.
                         NOTES TO FINANCIAL STATEMENTS
                                 JULY 31, 1998

    1)  Nature of Business and Organization

Nova International Films, Inc. (the Company) was incorporated on November 
27, 1984 in the State of Delaware.  The Company was formed for the purpose 
of financing and producing motion pictures for distribution in the 
theatrical, home video and pay and free television markets throughout the
world.

a.  Issuance of Common Stock

On January 2, 1986, the Company completed a public offering, whereby ten 
million (10,000,000) units were sold at $.10 per unit, each unit consisting 
of one (1) share of Common Stock, $.00001 par value, and one (1) Redeemable 
Common Stock Purchase Warrant. These warrants have now lapsed.

b.  Disposition of Assets

On May 12, 1993 (the "Closing"), the stockholders of the Company approved 
an Acquisition Agreement dated March 3, 1993 (the "Acquisition Agreement") 
by and between the Company and Epic Productions, Inc. ("Epic"), pursuant 
to which the Company sold, assigned, transferred and conveyed to Epic and 
Epic acquired from the Company (i) all of the issued and outstanding shares 
of capital stock of each of Byzantine Fire, Inc. a California corporation, 
Wings of the Apache, Inc., a California corporation, and A/R Productions, 
Ltd., a California corporation (collectively, the "Subsidiary Corporations"); 
(ii)  all rights to the completed films "Triumph of the Spirit", "Firebirds" 
and  "Why Me?", (sometimes collectively herein the "Completed Films"); and
(iii) the Company's rights related to the film project "Carlito's Way" and 
Jean Claude Van Damme.  In exchange therefor, Epic assumed all debts and 
liabilities of the Company with respect to the assets acquired, paid the 
Company the sum of $50,000, acquired the Bank Loan from the Bank as 
described in Note #5 "Debt" and modified the loan arrangements thereafter
plus other indebtedness due Epic from the Company.


2)  General

The financial statements for the quarter ended January 31, 1997 and for the
years ended October 31, 1997 are unaudited.  However, it is management's
opinion that all adjustments necessary for fair presentation of these
financial statements have been made and are included herein.

3)  Summary of Significant Accounting Policies

a.  Financial Statement Presentation

In accordance with the provisions of Statement of Financial Accounting 
Standards No. 53, the Company has elected to present an unclassified 
balance sheet.

<PAGE>

                         NOVA INTERNATIONAL FILMS, INC.
                         NOTES TO FINANCIAL STATEMENTS
                                 JULY 31, 1998



b.  Depreciation and Amortization

Furniture and equipment is recorded at cost and is depreciated on a 
straight-line basis over the estimated useful lives of the related
assets, which is typically five year. All assets are fully depreciated
as of October 31, 1997.


c.  Per Share Amounts

Per share amounts are based on the weighted average number of shares
outstanding during the period.

5) Debt

In connection with the financing of the film "Triumph of the Spirit", the
Company was unable to pay Credit Lyonnais Bank Nederland N.V. (the "Bank")
the note payable (the "Bank Loan") incurred to finance such film at its
original maturity date of March 31, 1991.  The Company was able to negotiate
an extension of the maturity date of this note until September 30, 1991, but
thereupon the Company became in default of its obligation.

Upon the Closing of the Acquisition Agreement, Epic acquired the Bank Loan
from the Bank and modified the payment terms of the Bank Loan assigned to it
and other indebtedness of the Company to Epic.  In October 1993, Epic 
assigned and contributed to the capital of the Company all of such 
indebtedness of the Company to Epic plus accrued and unpaid interest.  In
addition, at the Closing, $3 million of indebtedness (plus interest thereon)
under the Bank Loan was not acquired by Epic, pursuant to which the Bank,
Epic and the Company agreed that such portion of the Bank Loan (The 
"Nonrecourse Obligations") be payable interest and then principal only from
operating receipts from "Triumph of the Spirit" which was acquired by Epic
pursuant to the Acquisition Agreement.

As of November 30, 1996, Nova assigned to Epic and Epic assumed the remaining
$3 million Nonrecourse Obligations plus interest thereon. As such no interest
was accrued for Fiscal the quarter ended January 31, 1997.

7)  Liquidity and Capital Resources

At the current time, the Company's sole means to pay for its overhead 
operations is its existing cash reserves in the total amount of $4,979 as
of July 31, 1998.  Accordingly, the Company has significantly reduced its
overhead.
<PAGE>
 
Item 2.   Management's Discussion and Analysis
          or Plan of Operation. 


The Company had no revenues for the three and nine months ended July 31, 
1998 and 1997.  For the three months ended July 31, 1998, the Company had 
a net loss of $(1,464) as compared to a net loss of $(1,145) for the three 
months ended July 31, 1997.   For the nine months ended July 31, 1998, the 
Company had a net loss of $(2,647) as compared to a net loss of $(2,863) 
for the nine months ended July 31, 1997.

At the current time, the Company's sole means to pay for its overhead 
operations is its existing cash reserves in the total amount of $4,979 as 
of July 31, 1998.  Accordingly, the Company has significantly reduced its 
overhead.  In connection therewith, the Company does not pay any officer 
salaries and rent.  Its costs primarily include only those costs necessary 
to retain its corporate charter, file necessary tax returns and report to 
the Securities and Exchange Commission, and certain expenses in seeking 
business opportunities.

In addition, as a result of the closing of the Acquisition Agreement (see 
Notes to the Financial Statements included elsewhere herein), the Company 
has no current business operations and has begun and will continue to seek 
another business opportunity.  As of the date of this report, the Company 
has no agreement, understanding or arrangement to acquire or participate
in any specific business opportunity.  No assurance can be given that the 
Company will be able to consummate any such arrangements or, if consummated, 
that such business opportunity will be successful.

<PAGE>

                    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.

          There are no exhibits applicable to this Form 10-QSB.
          
          (b)  Reports on Form 8-K.

          Listed below are reports on Form 8-K filed during the
          quarter for which this report is filed:

          None.

<PAGE>

                              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.



                                   NOVA INTERNATIONAL FILMS, INC.
                                   (Registrant)



Dated: September 14, 1998          By: /s/William Rifkin          
                                       William Rifkin, 
                                       Chairman of the Board
                                       (Principal Executive Officer)



Dated: September 14, 1998         By:  /s/William Rifkin          
                                       William Rifkin, 
                                       Principal Financial Officer