SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)

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

                  For the quarterly period ended June 30, 1999

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

              For the transition period from ________ to __________

                        Commission file number 001-13559
                                               ---------

                      Restaurant Teams International, Inc.
                      -------------------------------------
                 (Name of small business issuer in its charter)

           Texas                                         75-2337102
 (State of other jurisdiction of            (I.R.S. Employer Identification No.)
  incorporation or organization

 911 N.W. Loop 281, Suite 111, Longview, Texas              75604
(Address of principal executive offices)                 (Zip Code)

                    Issuer's telephone number (903) 758-2811


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[ ]


Number of shares outstanding of each of the issuer's classes of common stock, as
of September 15, 1999: 9,996,582 shares of common stock, par value $.01.



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<CAPTION>


                      RESTAURANT TEAMS INTERNATIONAL, INC.


                                                                                                          Page  No.
<S>                                                                             <C>                         <C>

PART I        FINANCIAL INFORMATION.......................................................   2

Item 1.       Financial Statements........................................................   2
              --------------------

              Condensed Balance Sheet for the Six Month Period
              Ended June 30, 1999.........................................................   2

              Condensed Income Statement For Three Month and
              Six Month Periods Ended June 30, 1998 and June 30, 1999.....................   4

              Condensed Statement of Cash Flows for the Six Month
              Periods Ended June 30, 1998 and June 30, 1999...............................   5

              Notes to Interim Condensed Financial Statements (Unaudited).................   6

Item 2.       Management's Discussion and Analysis of
              Financial Condition and Results of Operations...............................   7
              ---------------------------------------------


PART II       OTHER INFORMATION...........................................................   9

Item 2.       Changes in Securities.......................................................   9
              ---------------------

Item 4.       Submission of Matters to a Vote of Security Holders.........................   9
              ---------------------------------------------------

Item 6.       Exhibits and Reports on Form 8-K............................................   9
              --------------------------------

Signatures    ............................................................................   10

Exhibit Index ............................................................................   11

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                                                                               1

<PAGE>



                          PART 1 - FINANCIAL STATEMENTS

Item 1:  FINANCIAL STATEMENTS

                      Restaurant Teams International, Inc.
                             Condensed Balance Sheet
                         For The Six Month Period Ended
                                  June 30, 1999

                                            June 30, 1999  December 31, 1998
                                              (Unaudited)    (Audited)
         ASSETS

         CURRENT ASSETS
Cash ....................................   $    48,358    $ 1,606,245
Prepaid Expenses ........................             0          7,415
Inventory ...............................        14,244         43,035
Federal Income Tax Receivable ...........             0         38,030
                                            -----------    -----------
         Total Current Assets ...........        62,602      1,694,725

         PROPERTY AND EQUIPMENT
Buildings ...............................     4,211,224      4,094,554
Land ....................................       135,000        135,000
Leasehold Improvements ..................        30,113         30,113
Vehicles and Equipment ..................     1,022,443        938,636
                                            -----------    -----------
         Total Property and Equipment ...     5,398,780      5,198,303

Accumulated Depreciation ................      (422,505)      (350,505)
                                            -----------    -----------
         Property and Equipment - Net ...     4,976,275      4,847,798

         OTHER ASSETS
Other Assets ............................       343,183         50,526
Assets Held for Sale, Net of Depreciation     1,073,240      1,073,240
Fatburger Acquisition (Pending) .........     2,130,862              0
Debenture Costs .........................       194,798        194,798
Notes Receivable - Related Parties ......       260,243      1,087,243
Deferred Income Tax .....................       223,155        223,155
                                            -----------    -----------
         Total Other Assets .............     4,225,481      2,628,962

         TOTAL ASSETS ...................     9,264,358      9,171,485


                                                                               2

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<CAPTION>

                      Restaurant Teams International, Inc.
                             Condensed Balance Sheet
                         For The Six Month Period Ended
                                  June 30, 1999

                                                       June 30, 1999  December 31, 1998
                                                        (Unaudited)    (Audited)
<S>                                                     <C>            <C>

         LIABILITIES AND SHAREHOLDER EQUITY

         CURRENT LIABILITIES
Accrued Expenses ....................................   $   157,312    $   317,021
Accounts Payable ....................................        67,729         89,835
Income Tax Payable ..................................             0         10,000
Deferred Liabilities ................................             0         63,141
Deferred Gain on Sale of Assets .....................             0        193,502
Current Portion of Notes Payable - L/T ..............       160,543        121,862
                                                        -----------    -----------
         Total Current Liabilities ..................       385,584        795,361

         OTHER LIABILITIES
Notes Payable - Long Term, Net of Current ...........     2,440,779      2,043,961
Deferred Income Tax Liability .......................             0        269,945
Convertible Debentures ..............................     2,102,698      2,102,698
                                                        -----------    -----------
         Total Other Liabilities ....................     4,543,477      4,416,604

         SHAREHOLDERS EQUITY
Common Stock, $.01 Par Value, 50,000,000 Shares
Authorized, 6,833,443 Issued and Outstanding 12/31/98
9,996,852 Issued and Outstanding 9/15/99 ............        99,969         68,334
Additional Paid In Capital ..........................     5,735,602      5,718,252
Retained Earnings ...................................      (739,124)    (1,065,916)
Less Treasury Stock, at Cost ........................      (761,150)      (761,150)
                                                        -----------    -----------
     Total Shareholders Equity ......................     4,335,297      3,959,520

     TOTAL LIABILITIES AND
     SHAREHOLDERS EQUITY ............................     9,264,358      9,171,485


</TABLE>

                                                                               3
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<CAPTION>


                      Restaurant Teams International, Inc.
                           Condensed Income Statement
                    For The Three and Six Month Periods Ended
                         June 30, 1998 and June 30, 1999

                                                                     Three Months Ended          Six Months Ended
                                                                          June 30                     June 30
                                                                     1999          1998          1999         1998
                                                                        (Unaudited)                   (Unaudited)
                                                                   ----------------------   -------------------------
<S>                                                                <C>        <C>           <C>           <C>

SALES........................................................      $673,728   $   942,635   $ 1,938,454   $ 1,740,854

     EXPENSES
Food and Beverage Costs .....................................       171,644       268,455       506,209        473,611
Salaries and Contract Labor .................................       175,169       208,857       564,603        436,879
Payroll and other Taxes .....................................        36,918        34,389        97,474         74,271
Professional Fees ...........................................         8,979        19,087        56,831         27,515
Advertising and Promotional .................................         1,456        27,155         9,812         42,440
Rent ........................................................        66,067        57,984       152,134        108,563
Insurance ...................................................        14,042        17,588        47,058         34,709
Telephone ...................................................         5,062         5,983        11,503         11,292
Travel ......................................................         4,493         3,657         8,016          6,888
Utilities ...................................................         6,555        23,357        26,281         46,949
Depreciation ................................................        36,000        43,888        72,000         70,768
Amortization ................................................             0        16,567             0         31,417
Interest ....................................................        36,849        34,618        98,005         77,734
Linen and Laundry ...........................................         1,272        12,042         4,209         23,617
Repairs and Maintenance .....................................         1,693        15,595        17,386         35,654
Supplies ....................................................         1,939        11,535        12,831         20,842
Miscellaneous ...............................................             0         6,080             0          6,080
                                                                -----------    -----------  -----------    -----------
     Total Expenses .........................................       568,138       806,837     1,684,352      1,529,229

     OPERATING INCOME .......................................       105,590       135,798       254,102        211,625

     OTHER INCOME/(EXPENSE)
Profit / (Loss) on Sale of Assets ...........................             0       150,000       193,502        261,593
Acquisition Cost - Old San Francisco Steak ..................             0             0      (188,288)             0
Rental Income ...............................................        67,476             0        67,476         28,086
Income Tax (Expense)/Benefit:
     Current ................................................             0             0             0              0
     Deferred ...............................................             0             0             0              0

     NET INCOME .............................................       173,066       285,868       326,792        501,304

Earnings Per Shares .........................................   $       .02   $       .04   $       .03    $       .07

</TABLE>





                                                                               4

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<CAPTION>

                      Restaurant Teams International, Inc.
                       Condensed Statements of Cash Flows
                         For The Six Month Period Ended
                         June 30, 1998 and June 30, 1999

                                                                       June 30, 1999  June 30, 1998
                                                                        (Unaudited)    (Unaudited)
                                                                       -------------  -------------
<S>                                                                       <C>         <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
         Net Income / (Loss)........................................      $326,792    $   501,304

ADJUSTMENT TO RECONCILE NET INCOME
TO NET CASH PROVIDED BY OPERATING
ACTIVITIES:
         Depreciation ..............................................        72,000         70,768
         Amortization ..............................................             0         31,417

NET CHANGE IN ASSETS AND LIABILITIES:
         Decrease / (Increase) in Inventory ........................       (28,791)       (13,699)
         (Decrease) / Increase in Accounts Payable .................       (22,106)        14,683
         (Decrease) / Increase in Accrued Expenses .................      (159,709)      (295,920)
                                                                       -----------    -----------
TOTAL ADJUSTMENTS ..................................................      (138,606)      (192,751)

Net cash provided by operating activities...........................       188,186        308,553

Cash Flows from Investing Activities:
         Capital Expenditures.......................................      (493,134)    (3,091,950)
         Fatburger Acquisition (Pending)............................    (2,130,862)             0
         (Increase) / Decrease in Notes Receivable .................       827,000         89,543
         Net Proceeds from Sale of Assets ..........................             0        562,539
                                                                       -----------    -----------
Net Cash Used in Investing Activities ..............................    (1,796,996)    (2,439,868)

Cash Flows from Financing Activities:
         Sale of Common Stock / Debentures .........................             0      2,967,555
         Borrowing on Notes Payable ................................       500,000      1,433,026
         Principal Payments on Notes Payable .......................      (449,077)      (500,000)
                                                                       -----------    -----------
Net Cash Provided by Financing Activities ..........................        50,923      3,900.581

NET INCREASE / (DECREASE) IN CASH ..................................    (1,557,887)     1,769,266
CASH AT BEGINNING OF YEAR...........................................     1,606,245         20,373
CASH AT END OF PERIOD ..............................................        43,858      1,789,639

</TABLE>





                                                                               5

<PAGE>


                      Restaurant Teams International, Inc.
                 Notes To Interim Condensed Financial Statements
                         For the Six Month Period Ended
                                  June 30, 1999
                                   (Unaudited)

Note 1.    Basis of Presentation

           The condensed financial statements of Restaurant Teams International,
           Inc. (the  "Company") as of June 30, 1998 and June 30, 1999 have been
           prepared by the Company, pursuant to the rules and regulations of the
           Securities  and  Exchange   Commission.   The  Company  operates  one
           restaurants  under the name  Street  Talk  Cafe and owns  four  other
           facilities which it leases to other operators.

           The information furnished herein reflects all adjustments (consisting
           of normal  recurring  accruals  and  adjustments)  which are,  in the
           opinion  of  management,  necessary  to fairly  state  the  operating
           results for the respective periods.  However, these operating results
           are not necessarily  indicative of the results  expected for the full
           fiscal year. Certain  information and footnote  disclosures  normally
           included in annual financial  statements  prepared in accordance with
           generally accepted  accounting  principals have been omitted pursuant
           to such rules and regulations.  The notes to the condensed  financial
           statements  should  be read in  conjunction  with  the  notes  to the
           financial  statements contained in the Form 10-KSB filed on April 15,
           1999. Company management believes that the disclosures are sufficient
           for interim financial reporting purposes.










                                                                               6


<PAGE>



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

Forward-Looking Statements

         This  Quarterly  Report  on  Form  10-QSB  includes   "forward-looking"
statements  within the meaning of Section 27A of the  Securities Act of 1933, as
amended (the Securities Act), and Section 21E of the Securities  Exchange Act of
1934,  as amended (the  Exchange  Act),  which can be  identified  by the use of
forward-looking  terminology  such as,  "may",  "believe",  "expect",  "intend",
"anticipate",  "estimate"  or  "continue"  or  the  negative  thereof  or  other
variations  thereon  or  comparable  terminology.   All  statements  other  than
statements of historical fact included in this Form 10-QSB, are  forward-looking
statements.  Although the Company  believes that the  expectations  reflected in
such  forward-looking  statements are reasonable,  it can give no assurance that
such  expectations  will  prove to have been  correct.  Important  factors  with
respect to any such  forward-looking  statements,  including  certain  risks and
uncertainties  that could cause  actual  results to differ  materially  from the
Company's  expectations  ("Cautionary  Statements")  are  disclosed in this Form
10-QSB,  including,  without limitation, in conjunction with the forward-looking
statements  included in this Form 10-QSB,  and in the Company's Annual Report on
Form  10-KSB/A-1  for the year ended December 31, 1998.  Important  factors that
could   cause   actual   results  to  differ   materially   from  those  in  the
forward-looking  statements herein include,  but are not limited to, the newness
of the Company,  the need for additional capital and additional  financing,  the
Company's limited restaurant base, lack of geographic diversification, the risks
associated with expansion, a lack of marketing experience and activities,  risks
of franchising,  seasonability,  the choice of site  locations,  development and
construction delays, need for additional  personnel,  increases in operating and
food costs and  availability  of  supplies,  significant  industry  competition,
government  regulation,  insurance claims and the ability of the Company to meet
its stated  business  goals.  All  subsequent  written and oral  forward-looking
statements  attributable  to the  Company  or  persons  acting on its behalf are
expressly qualified in their entirety by the Cautionary Statements.

         The following  discussion  of the results of  operations  and financial
condition  should  be read in  conjunction  with the  Financial  Statements  and
related Notes thereto included herein.

Overview

         The Company was  organized in June of 1990 as Bosko's,  Inc.  under the
laws of the State of Delaware.  In November of 1992 the Company changed its name
to Fresh'n Lite,  Inc.,  and in November of 1995 the Company merged into a Texas
corporation also bearing the name Fresh'n Lite, Inc. The Company  currently owns
and operates 1 Street Talk Cafe restaurant in the Colony, Texas. In September of
1998 the Company  changed its name to Restaurant  Teams  International,  Inc. in
order to more accurately reflect  management's desire to position the Company as
a franchise holding company.

Results of Operations

         Comparison of Three Months Ended June 30, 1998 and 1999

         Revenues.  For the three months  ended June 30,  1999,  the Company has
generated  revenues of $673,728  compared to revenues in the same period of 1998
of  $942,635,  a 28.5%  decrease.  The  decrease  in  revenue  is due  solely to
management's  decision to close  stores and lease them to other  operators in an
effort to prepare for the pending acquisition of Fatburger Corporation.


                                                                               7

<PAGE>

         Costs and Expenses. Costs and expenses for the three month period ended
June 30,  1999  decreased  by  $238,699,  or 29.6% to  $568,138  as  compared to
$806,837 for the corresponding period of 1998. This decrease was also due to the
closing of stores to prepare for the pending Fatburger Corporation acquisition.

         Net Income.  The Company  had a net income for the three  months  ended
June  30,  1999  of  $173,066  compared  to  net  income  of  $285,868  for  the
corresponding  three  months of 1998,  representing  $.02 and  $.045 per  share,
respectively. Earnings per share figures are based on basic and diluted earnings
per share.

         Comparison of Six Months Ended June 30, 1997 and 1998

         Revenues.  For the six months  ended June 30,  1999,  the  Company  has
generated revenues of $1,938,454 compared to revenues in the same period 1998 of
$1,740,854, a 11.4% gain.

         Costs and  Expenses.  Costs and expenses for the six month period ended
June 30, 1999  increased  by  $155,123,  or 10.1% to  $1,684,352  as compared to
$1,529,229 for the corresponding period of 1998.

         Net Income.  The Company had a net income for the six months ended June
30, 1999 of $326,792  compared to a net income of $501,304 for the corresponding
six months of 1998, representing $.03 and $.07 per share, respectively. Earnings
per share figures are based on basic and diluted earnings per share.

Liquidity and Capital Resources

         Historically,  the Company has required  capital to fund the operations
and capital expenditure requirements of its Company-owned restaurants.

         The Company is currently  operating  out of cash flow from  operations.
The Company did two private  placements of the A Debentures and the B Debentures
on May 29,  1998 and June 29,  1998  providing  net  proceeds  to the Company of
$2,670,000.

Plan of Operations

         The Company has planned the following  operations for the 1999 calendar
year, including:

         (i)      Management's  objectives for 1999 include the  acquisition and
                  expansion of Fatburger  Corporation and the  implementation of
                  an aggressive franchising program.

Employees

         The  Company  expects to hire two full time  management  personnel  and
twenty  part time  hourly  personnel  with the  opening  of each new  restaurant
operation.  The cost of these  personnel  should be 25% of the annual  operating
revenue  to be  generated  by each  operation.  The  initial  cost of hiring and
training of all personnel is covered in the store start up costs.

Year 2000 Compliance

         The Company uses current  versions of widely used,  publicly  available
software  for its  accounting,  data  processing,  and  point  of sale  computer
requirements.  The providers of the software utilized by the Company have stated
that there will be no failures  in the  programs  used by the Company  resulting
from the year 2000.  The Company does not utilize any customized  software.  The
Company has not yet  determined  the impact,  if any,  that year 2000 issued may
have  on  its  vendors.   However,  the  Company  believes  there  are  adequate
alternative  vendors  that can supply  products  and  services to the Company if
necessary.  Finally,  the  Company's  business  is  not  highly  dependent  upon
electronic data processing. In conclusion, the Company does not believe it is at
a material risk from year 2000 issues.

                                                                               8


<PAGE>


                           PART II - OTHER INFORMATION

Item 2.  CHANGES IN SECURITIES

         None


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

         None

Item 6.   EXHIBITS AND REPORTS ON FORM 8-K

         (a)      Hereafter  set  forth  as  an  exhibit  to the  Form 10-QSB of
                  Restaurant Teams Interanational, Inc.is the following exhibit:

                  No.               Description of Exhibit
                  ---               ----------------------

                  27                Financial Data Schedule


         (b)      Current Reports on Form 8-K:

                  None













                                                                               9

<PAGE>


                                   SIGNATURES

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

                                      Restaurant Teams International,Inc.
                                      (Registrant)


Date:    September 29, 1999           By:   /s/ Stanley L. Swanson
                                            ----------------------
                                            Stanley L. Swanson, Chief Executive
                                            Officer (Duly Authorized Signatory)


Date:    September 29, 1999           By:   /s/ Curtis A. Swanson
                                            ---------------------
                                            Curtis A. Swanson, Chief Financial
                                            Officer and Executive Vice President
                                            (Duly Authorized Signatory)













                                                                              10



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                                  EXHIBIT INDEX


No.               Description of Exhibit
---               ----------------------

27                Financial Data Schedule