SECURITIES AND EXCHANGE COMMISSION

                                             WASHINGTON, D.C. 20549

                                                   FORM 10-QSB


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

For Quarter Ended                                Commission File Number
June 30, 1995                                            0-23502


                                      VENDALUX CORPORATION
                         (Exact Name of Registrant as specified in its Charter)


            Delaware                                          33-0601505
(State or other Jurisdiction of                         I.R.S. Employer Identi-
Incorporation or Organization                                    fication No.)

 1500 Quail Street, Suite 550, Newport Beach, California                  92660
(Address of Principal Executive Offices)                              (Zip Code)

                                             (714) 660-1500
                           (Registrant's Telephone Number, including Area Code)




         Indicate by check mark whether the Registrant (i) has filed all reports
required to be filed by Section 13, or 15(d) of the  Securities  Exchange Act of
1934  during  the  preceding  12 months  (of for such  shorter  period  that the
Registrant  was required to file such reports) and (ii) has been subject to such
filing requirements for the past 90 days.

                                          Yes    X           No

         Indicate  the  number of  shares  outstanding  of each of the  issuer's
classes of Common Stock, as of the latest practicable date.

Common Stock, $.001 par value                                  1,273,800
----------------------------------                    ----------------------
Title of Class                                     Number of Shares outstanding
                                                          at June 30, 1995

No exhibits included.

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                           VENDALUX CORPORATION
                      (A Company in the Development Stage)

                                 BALANCE SHEETS


                                     ASSETS

                                                                                            March 31,         June 30,
                                                                                              1995              1995


<S>                                                                                         <C>               <C>
CURRENT ASSETS - CASH                                                                               0                 0
              OTHER ASSETS
                     Organization costs, net of accumulated
                     amortization of $158 and $172 (Note 1)                                       113                99

              TOTAL ASSETS                                                                  $     113         $      99



                      LIABILITIES AND STOCKHOLDERS' EQUITY



CURRENT LIABILITIES - Accounts payable                                                      $     848         $     863

STOCKHOLDERS' EQUITY
Preferred Stock, $.001 par value; 1,000,000 shares
  authorized; no shares issued and outstanding

Common Stock, $.001 par value; 20,000,000 shares
  authorized; 424,600 shares issued and outstanding                                             1,274             1,274

Additional paid-in Capital                                                                        821               821

Accumulated deficit during the development stage                                              (2,830)           (2,859)


              TOTAL STOCKHOLDERS' EQUITY                                                        (735)             (764)



TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY                                                  $     113         $      99

                                 See accompanying Notes to Financial Statements



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                           VENDALUX CORPORATION
                      (A Company in the Development Stage)

                            STATEMENTS OF OPERATIONS



                                                                                                                       CUMULATIVE
                                                                            FOR THE THREE                            FROM INCEPTION
                                                                            MONTHS ENDED                              (MAY 4, 1992)
                                                                              JUNE 30,                                     TO
                                                                  1995                        1994                    JUNE 30, 1995

<S>                                                         <C>                         <C>                           <C>
REVENUES                                                    $            -0-            $            -0-              $          -0-

OPERATING EXPENSES

    General and Administrative                                            15                         118                       2,687
    Amortization                                                          14                          15                         172
TOTAL OPERATING EXPENSES                                                  29                         133                     (2,859)


NET (LOSS)                                                  $           (29)            $          (133)              $      (2,859)


NET (LOSS) PER SHARE                                        $          (Nil)            $          (Nil)                       (Nil)


WEIGHTED AVERAGE NUMBER
 OF SHARES OUTSTANDING                                             1,273,800                   1,273,800                     935,216



                                 See accompanying Notes to Financial Statements



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                           VENDALUX CORPORATION
                      (A Company in the Development Stage)

                            STATEMENTS OF CASH FLOWS



                                                                                                                       CUMULATIVE
                                                                            FOR THE THREE                            FROM INCEPTION
                                                                            MONTHS ENDED                              (MAY 4, 1992)
                                                                              JUNE 30,                                     TO
                                                                  1995                        1994                    JUNE 30, 1995


CASH FLOWS FROM OPERATING
ACTIVITIES

<S>                                                         <C>                         <C>                           <C>
     Net (Loss)                                             $           (29)            $          (133)              $      (2,859)

     Add item not requiring the
         use of cash - Amortization                                       14                          15                         172

     Services rendered for common stock                                                                                          849

     Increase (decrease) in accounts
         payable                                                          15                         118                         962



     Net cash flows from operating
         activities                                                                                                            (975)

     CASH FLOWS INVESTING ACTIVITIES
       Organizational Costs                                                                                                    (271)

     CASH FLOWS FROM FINANCING
     ACTIVITIES
         Contribution to Capital                                                                                                 500
         Sale of Common Stock                                                                                                    746


         Net Cash flows from financing
           activities                                                                                                          1,246

NET INCREASE (DECREASE) IN CASH

CASH BALANCE AT BEGINNING OF PERIOD

CASH BALANCE AT END OF PERIOD                               $                           $                             $

NON CASH TRANSACTION:
     Issuance of stock for services                                                                                              849

                                 See accompanying Notes to Financial Statements



                                                                   4
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                                            VENDALUX CORPORATION
                                       (A Company in the Development Stage)

                                      NOTES TO CONDENSED FINANCIAL STATEMENTS
                                                    (UNAUDITED)
                                                   JUNE 30, 1995


1.       Comments

         The accompanying financial statements are unaudited, but in the opinion
         of the management of the Company,  contain all adjustments,  consisting
         of only normal  recurring  accruals,  necessary  to present  fairly the
         financial  position at June 30, 1995, the results of operations for the
         three months  ended June 30, 1995 and 1994,  and the cash flows for the
         three months ended June 30, 1995 and 1994.

         Reference is made to the Company's Form 10-KSB for the year ended March
         31, 1995. The results of operations for the three months ended June 30,
         1995 are not necessarily  indicative of the results of operations to be
         expected for the full fiscal year ending March 31, 1996.

Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
         FINANCIAL CONDITION

         The Company has limited working capital and no activities.


                                            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 MATTER TO A VOTE OF SECURITY HOLDERS - None

Item 5.  OTHER INFORMATION - None

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

         Exhibits--None

         Reports on Form 8-K--None.


                                                         5

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                                                    SIGNATURES

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


                                      VENDALUX CORPORATION



Date:     January 31, 1996            By:  /s/ Jehu Hand
                                           -------------
                                      Jehu Hand,
                                      President and Chief Financial
                                      Officer (chief financial officer
                                      and accounting officer and duly
                                      authorized officer)


                                                         6

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