UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                     FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

                                              Commission File Number: 0-22464
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                                Koala Corporation
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             (Exact name of registrant as specified in its charter)


         7881 S. Wheeling Ct., Englewood, Colorado 80112 (303) 539-8300
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    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)

                          Common Stock, $.10 par value
                         Preferred Stock Purchase Rights
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            (Title of each class of securities covered by this Form)


                                      None
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   (Titles of all other classes of securities for which a duty to file reports
                     under section 13(a) or 15(d) remains)

                  Please place an X in the box(es) to designate, the appropriate
rule provision(s) relied upon to terminate or suspend the duty to file reports:

         Rule 12g-4(a)(1)(i)       |X|      Rule 12h-3(b)(1)(i)      |X|
         Rule 12g-4(a)(1)(ii)      |_|      Rule 12h-3(b)(1)(ii)     |_|
         Rule 12g-4(a)(2)(i)       |_|      Rule 12h-3(b)(2)(i)      |_|
         Rule 12g-4(a)(2)(ii)      |_|      Rule 12h-3(b)(2)(ii)     |_|
                                            Rule 15d-6               |_|

          Approximate  number of  holders of record as of the  certification  or
notice date: 114
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                  Pursuant to the requirements of the Securities Exchange Act of
1934, Koala Corporation has caused this certification/notice to be signed on its
behalf by the undersigned duly authorized person.

Date:    May 2, 2003              Koala Corporation
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                                  By: /s/ James Zazenski
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                                          James Zazenski
                                          President and Chief Operating Officer