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 OCTOBER 31, 1996 COMMISSION FILE NO. 33-19324


                              LOGIPHONE GROUP, INC.
               (Exact name of registrant as specified in charter)


          DELAWARE                                         75-0223079
(State or other jurisdiction                   (IRS Employer Identification No.)
   at incorporation)



607 WEST BROADWAY, SUITE 247
 FAIRFIELD, IOWA                                                 52556
(Address of principal                                         (Zip Code)
 executive offices)

       Registrant's telephone number, including area code: (515) 469-3044


     STAR RESOURCES, INC. , 5420 LBJ FREEWAY SUITE 540, DALLAS, TEXAS 75240
         (Former Name, Former Address and Former Fiscal Year, if Changed
                               Since Last Report)

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  preceding 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 December  19,  1996,  there were  outstanding  9,000,000  shares of common
stock, $.0001 par value.


                                         This report consists of 13 pages.


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                              LOGIPHONE GROUP, INC.

                                October 31, 1996

                                TABLE OF CONTENTS


PART I.            FINANCIAL INFORMATION                                       3
                  Item 1.  Financial Statements                                7
                  Item 2.  Management's Discussion and Analysis of Financial 
                           Condition and Results of Operations                 3


PART II.          OTHER INFORMATION                                            4
                  Item 1.  Legal Proceedings.                                  4
                  Item 2.  Changes in Securities                               4
                  Item 3.  Default Upon Senior Securities                      4
                  Item 4.  Submission of Matters to a Vote of Security Holders 4
                  Item 5.  Other Information                                   4
                  Item 6.  Exhibits and Reports on Form 8-K.                   5

SIGNATURES                                                                     6

FINANCIAL STATEMENTS                                                           7


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PART I.           FINANCIAL INFORMATION

         ITEM 1.           FINANCIAL STATEMENTS.

The financial  statements of the Company as of and for the quarter ended October
31, 1996 begin on the page following the signature page.

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

Results of Operations

THREE  MONTHS ENDED  OCTOBER 31, 1996 AS COMPARED TO THREE MONTHS ENDED  OCTOBER
31, 1995.

The Company had no  operations  during the quarters  ended  October 31, 1996 and
October 31,  1995.  Expenses  were related to the  Company's  audit and transfer
agent fees.

SIX MONTHS ENDED OCTOBER  31, 1996 AS COMPARED TO THE SIX MONTHS ENDED 
OCTOBER 31, 1995

On May 1, 1995,  the  Company  transferred  the  ownership  of its wholly  owned
subsidiary,  New View  Broadcasting,  Inc., a South Carolina  corporation  ("New
View"),  to Lawrence E.  Steinberg,  the majority  stockholder of the Company at
that time. New View owns a television station in Charleston, South Carolina. The
subsidiary  comprised all of the revenue  producing  assets of the Company.  The
Company also  transferred a judgment held by the Company  against Gerald Arthur,
former  officer and  director of the Company,  and  Christopher  Arthur,  former
director and  stockholder of the Company.  As  consideration  for the subsidiary
stock and the  judgment,  Mr.  Steinberg  agreed to release the Company from its
obligations as guarantor of Mr.  Steinberg's  loans to New View in the amount of
$1,682,095,  . Following  these  transactions,  the Company's only assets were a
minimal amount of cash and had no operations during the six months ended October
31,1995. During the six months ended October 31, 1996, the Company's only assets
were a minimal amount of cash,  and the Company had no  operations.  For the six
months ended October 31, 1996, the Company had no revenues and its expenses were
related  to its  annual  audit and  various  administrative  matters,  primarily
transfer agent fees.


LIQUIDITY AND CAPITAL RESOURCES

As of October 31,  1996,  the Company  had no  significant  assets or sources of
revenue and was solely  dependent  on the  willingness  and ability of its major
stockholder  to fund any business  operations.  On November 1, 1996, the Company
completed a sale of 4,000,000 shares of common stock,  par value $.0001,  to ICA
Marketing Company,  L.C., an Iowa limited liability company, in exchange for all
of the  issued  and  outstanding  equity in ICA B.V.,  Dutch  limited  liability
company,  as well as an assignment of all the debt owed by ICA B.V. to ICA-Iowa.
See Form 8-K filed on November 13, 1996.


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PART II.          OTHER INFORMATION

ITEM 1.           LEGAL PROCEEDINGS.

         None


ITEM 2.           CHANGES IN SECURITIES.

On October  23,  1996,  by  written  consent  the  holders  of the  majority  of
outstanding  shares of common  stock (the "Common  Stock"),  par value $.001 per
share, of the Company (then called Star  Resources,  Inc.) voted to effect a one
for eight two and  eighty-five  one  hundredths  (1:82.85)  reverse split of the
Common Stock,  reduce the  authorized  shares of Common Stock to twenty  million
(20,000,000) shares, and change the name of the Company to Logiphone Group, Inc.
Any fractional  shares resulting from the reverse stock split were rounded up to
the nearest whole share of Common Stock.  Mr.  Lawrence E.  Steinberg,  the then
President and principal  stockholder of the Company,  contributed to the Company
such  number of  shares  of Common  Stock  necessary  to  reduce  the  number of
outstanding shares of Common Stock immediately after the reverse stock split but
prior to the  acquisition  of ICA B.V.  (see  Item 5 below)  by the  Company  to
500,000 shares.


ITEM 3.           DEFAULT UPON SENIOR SECURITIES.

None

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

See Item 2 above.

ITEM 5.           OTHER INFORMATION.

As noted in Item 2 of Part I, on November 1, 1996, the Company  completed a sale
of 4,000,000 shares (the "Star Shares") of common stock, par value $.0001 to ICA
Marketing  Company,  L.C., an Iowa limited  liability company  ("ICA-Iowa"),  in
exchange for all of the issued and outstanding  equity (the "ICA Shares") in ICA
B.V., a Dutch limited liability company,  as well as an assignment of all of the
debt owed by ICA B.V.  to  ICA-Iowa.  The Star  Shares  are being held in escrow
pending the  registration of the transfer of the ICA Shares to the Company under
Dutch law. See the Company's  Form 8-K,  which was filed with the Securities and
Exchange Commission on November 13, 1996.

On  November  15,  1996,  the  Board of  Directors  of the  Company  declared  a
one-for-one  stock dividend payable to stockholders of record as of the close of
business on November 29, 1996.



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ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K.

EXHIBITS.  The following exhibits are furnished in accordance with Item 601 of 
          Regulation S-B.

2.1      Agreement For Exchange of Stock, dated October 10, 1996, by and between
         Star Resources, Inc., ICA Marketing Company, L.C. and ICA B.V.  
         (Filed with the SEC on November 13, 1996 as Exhibit 10.3 to the 
         Company's Form 8-K and incorporated herein by reference).

2.2      Amendment to Agreement For Exchange of Stock, dated October 31, 1996, 
         by and between Star Resources, Inc., ICA Marketing Group, L.C. and ICA 
         B.V.  (Filed with the SEC on November 13, 1996 as Exhibit 10.4 to the 
         Company's Form 8-K and incorporated herein by reference).

3.1      Certificate of Amendment to Registrant's  Certificate of Incorporation,
         effective October 25, 1996. (Filed with the SEC on November 13, 1996 as
         Exhibit  3.1 to the  Company's  Form 8- K and  incorporated  herein  by
         reference).

10.1     Strategic Alliance Agreement, dated October 8, 1996, by and between 
         RADLINX LTD. and I.C.A. International Callers Association, B.V. 
         (certain annexes have been omitted pursuant to Rule 601(b)(2) of 
         Regulation S-K).  (Filed with the SEC on November 13, 1996 as Exhibit
         10.1 to the Company's Form 8-K and incorporated herein by reference).

10.2     Strategic  Alliance  Agreement,  dated as of November 10, 1996,  by and
         between  Logiphone  Telephone  Communications,  Ltd.;  Logiphone Group,
         Inc.,  and I.C.A.  B.V.  (Filed  with the SEC on  November  13, 1996 as
         Exhibit  10.2 to the  Company's  Form 8-K and  incorporated  herein  by
         reference).

27       Financial Data Schedule

Form 8-K: The following reports on Form 8-K have been filed since July 31, 1996:

1.       The Company  filed a report on Form 8-K on November 13, 1996  reporting
         that the Company  completed a sale of 4,000,000 shares of common stock,
         (the "Common Stock"), par value $.0001, to ICA Marketing Company, L.C.,
         an Iowa limited  liability  company,  in exchange for all of the issued
         and outstanding equity in ICA B.V., Dutch limited liability company, as
         well as an assignment of all the debt owed by ICA B.V. to ICA-Iowa.

2.       The  Company  filed a  report  on  Form  8-K/A  on  November  20,  1996
         correcting the address and telephone  number for the Company  following
         the acquisition of ICA B.V.

3.       The Company  filed a report on Form 8-K on November 27, 1996  reporting
         the  declaration  of a one-for-one  stock  dividend with respect to the
         Common  Stock  payable  to  stockholders  of  record as of the close of
         business on November 29, 1996.


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SIGNATURES

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

                                           LOGIPHONE GROUP, INC.
                                              (Registrant)



Date:  December 19, 1996                   By:  /s/ Marc Schechtman
                                              -------------------
                                              Marc Schechtman, Chairman and
                                              Chief Executive Officer (Principal
                                               Executive Officer)




Date:  December 19, 1996                   By:  /s/ Ronald D. Gardner
                                              ---------------------
                                              Ronald D. Gardner, Treasurer
                                              (Principal Financial Officer)


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<PAGE>



                              LOGIPHONE GROUP, INC.
                         (FORMERLY STAR RESOURCES, INC.)

                              FINANCIAL STATEMENTS

                 AS OF AND FOR THE PERIOD ENDED OCTOBER 31, 1996

                                   (UNAUDITED)


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<PAGE>
LOGIPHONE GROUP, INC. (FORMERLY STAR RESOURCES, INC.)
 Statements of Operations
Unaudited
<TABLE>
<CAPTION>

                                          Three months ended                      Six months ended
                                              October 31,                           October 31,
                                              1996          1995                      1996         1995
                                      ----------------------------            -------------------------

Other                                           -             -                         -           -
                                      ----------------------------            -------------------------

<S>                                     <C>            <C>                      <C>         <C>      
Total Revenue                           $       0      $       0                $       0   $       0
                                      ----------------------------            -------------------------

Expenses:
Legal                                           -             -                         -          398
Accounting fees                                 -             -                    $3,980           -
Administration                               $155             -                     1,009           -
Other                                         499            (26)                     825          340
                                      ----------------------------            -------------------------

Total Expenses                                654            (26)                   5,814          738
                                      ----------------------------            -------------------------

Net Income (Loss) from operations          ($654)             $26                ($5,814)       ($738)

Loss on disposition of investment              -        (301,309)                  -         (301,309)
                                      ----------------------------            -------------------------

Net loss                                   ($654)      ($301,283)                ($5,814)   ($302,047)
                                      ============================            =========================

Weighted Average loss per share         ($0.0013)       ($0.0073)               ($0.0116)    ($0.0073)
                                      ============================            =========================
</TABLE>











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LOGIPHONE GROUP, INC. (FORMERLY STAR RESOURCES, INC.)
 Statements of Cash Flows
Unaudited

<TABLE>
<CAPTION>

                                                                 Six months ended October 31,
                                                                         1996         1995
                                                                 --------------------------

<S>                                                                   <C>        <C>      
Net loss                                                              (5,814)    (302,047)

Adjustments to reconcile net loss to net cash used

Accounts receivable                                                   (1,000)            -
Accounts payable and accrued expenses                                   (134)            -
Depreciation and amortization                                               -            -
Accrued interest                                                            -            -
Loss on disposition of subsidiary                                           -      301,309
                                                                 --------------------------

Net cash used                                                         (6,948)        (738)

CASH FLOWS USED FOR INVESTING ACTIVITIES:


Investments                                                                 -     (24,000)
                                                                 --------------------------

Net cash from (used) in investing                                           0     (24,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Loans from shareholders                                                 6,700            -
Proceeds from issuance of common stock                                      -          550
Proceeds from paid in capital                                               -       23,350
                                                                 --------------------------

Net cash used in financing                                              6,700       23,900
                                                                 --------------------------

Net increase (decrease) in cash                                         (248)        (838)

CASH AT BEGINNING OF PERIOD                                               262          964
                                                                 --------------------------

CASH AT END OF PERIOD                                                     $14         $126
                                                                 ==========================
</TABLE>
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LOGIPHONE GROUP, INC. (FORMERLY STAR RESOURCES, INC.)
 Statements of Changes in Stockholders' Equity
Unaudited; Consolidated through April 30, 1995

<TABLE>
<CAPTION>

                                                                    Additional                         Total
                                             Common Stock            Paid-in        Retained        Stockholders'
                                              Shares        Amount    Capital        Deficit           Equity
                                     ----------------------------------------------------------------------------
<S>           <C> <C>                      <C>             <C>           <C>         <C>             <C>        
Balance April 30, 1995                     40,876,186      40,876        294,492     (1,721,423)     (1,386,055)

Exercise of stock options                     550,000         550          4,950                           5,500

Disposition of investment
  in New View Broadcasting, Inc.                                                       1,686,328       1,686,328

Stockholder contribution                                                  18,400                          18,400

Change in par value of stock                             (37,284)         37,284                               0

Net income for the quarter
ended July 31, 1995                                 -           -              -       (300,074)       (300,074)
                                     ----------------------------------------------------------------------------

Balance July 31, 1995                      41,426,186       4,142        355,126       (335,169)          24,099

Net income for the quarter
ended October 31, 1995                              -           -              -              26              26

Dividend distribution                               -           -              -        (24,000)        (24,000)
                                     ----------------------------------------------------------------------------

Balance October 31, 1995                   41,426,186      $4,142       $355,126      ($359,143)            $125

Net loss for the quarter
ended January 31, 1996                              -           -              -                          ($637)
                                                                                           (637)
                                     ----------------------------------------------------------------------------

Balance January 31, 1996                   41,426,186       4,142        355,126       (359,780)          ($512)

Net loss for the quarter
ended April 30, 1996                                -           -          1,500         (1,017)            $483
                                     ----------------------------------------------------------------------------

Balance April 30, 1996                     41,426,186       4,142        356,626       (360,797)           ($29)

Net loss for the quarter
ended July 31, 1996                                 -           -              -         (5,160)        ($5,160)
                                     ----------------------------------------------------------------------------

Balance July 31, 1996                      41,426,186       4,142        356,626       (365,957)        ($5,189)

Effect of reverse stock split            (40,926,186)     (4,092)          4,092                              $0

Net loss for the quarter
ended October 31, 1996                              -           -              -           (654)          ($654)
                                     ----------------------------------------------------------------------------

Balance October 31, 1996                      500,000          50        360,718       (366,611)        ($5,843)
                                     ============================================================================
</TABLE>


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<PAGE>


NOTES TO FINANCIAL STATEMENTS (UNAUDITED)

         NOTE 1- BASIS OF FINANCIAL STATEMENTS

         The accompanying  unaudited financial  statements have been prepared in
         accordance with the  instructions to Form 10-QSB and do not include all
         of  the  information  and  footnotes  required  by  generally  accepted
         accounting principles for complete financial statements. In the opinion
         of  management,   all  adjustments   (consisting  of  normal  recurring
         accruals)  considered  necessary  for a  fair  presentation  have  been
         included.  Operating  results for the six months ended October 31, 1996
         are not necessarily  indicative of the results that may be expected for
         the year ending April 30, 1997. For further  information,  refer to the
         financial  statements  and  management's  discussion  and  analysis  of
         results of operations and financial condition included in the Company's
         report on Form 10-KSB.


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