UNITED STATES SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB
(Mark One)
[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)
For the Fiscal Year Ended December 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the transition period from __________ to __________
Commission File Number 000-21729
__________APPLIED INTELLIGENCE GROUP, INC.___________
(Exact name of registrant as specified in its charter)
_______ Oklahoma____________ ________73-1247666_______
(State or other jurisdiction of (I.R.S Employer
incorporation or organization) Identification Number)
13800 Benson Road
_______ Edmond, Oklahoma__________ _____73013_____
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (405) 936-2300
Securities registered pursuant to Section 12 (b)of the Act:
Name of Exchange
Title of each class on which registered
None None
Securities registered pursuant to Section 12 (g) of the Act:
Common Stock and Redeemable Common Stock Purchase Warrants
(Title of class)
Check 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 report) and (2) has been subject to
such filing requirements for the past 90 days.
Yes _X_ No ____
Check if there is no disclosure of delinquent filers in response to
Item 405 of Regulation S-B contained in this form, and no disclosure will
be contained, to the best of registrant's knowledge, in definitive proxy
or information statements incorporated by reference in Part III of this
Form 10-KSB or any amendment to this Form 10-KSB. [X]
The issuer's revenues for the year ended December 31, 1996 were
$9,507,370.
As of March 14, 1997, there were 2,726,944 outstanding shares of
Common Stock, par value $.001 per share. The aggregate market value of
the voting stock of the registrant held by non-affiliates of the registrant
on March 14, 1997, based on the average bid and asked price on such date
was $3,812,500.
Transitional Small Business Disclosure Format: Yes _____ No __X___
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, theRegistrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Edmond, Oklahoma, on this 28th
day of March, 1997.
APPLIED INTELLIGENCE GROUP, INC.
BY:_/s/ ROBERT L. BARCUM________
Robert L. Barcum
President
Pursuant to the requirements of the Securities Act of 1934, this report
has been signed below by the following persons on behalf of the Registrant
and in the capacities and on the dates indicated.
SIGNATURES TITLE DATE
/s/ ROBERT L. BARCUM Chairman of the March 28, 1997
Robert L. Barcum Board of Directors
/s/ ROBERT N. BAKER Vice President and March 28, 1997
Robert N. Baker Director
/s/ RUSSELL L. REINHARDT Vice President and March 28, 1997
Russell L. Reinhardt Director
/s/ DAVID B. NORTH Vice President March 28, 1997
David B. North
/s/ JOHN M. DUCK Vice President and March 28, 1997
John M. Duck Chief Financial
Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from SEC Form
10-KSB and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<CASH> 1,821,014
<SECURITIES> 0
<RECEIVABLES> 2,015,468
<ALLOWANCES> (5,631)
<INVENTORY> 28,159
<CURRENT-ASSETS> 4,250,148
<PP&E> 2,892,972
<DEPRECIATION> (1,260,825)
<TOTAL-ASSETS> 7,307,535
<CURRENT-LIABILITIES> 1,938,241
<BONDS> 0
0
0
<COMMON> 2,727
<OTHER-SE> 4,738,262
<TOTAL-LIABILITY-AND-EQUITY> 7,307,535
<SALES> 0
<TOTAL-REVENUES> 9,507,370
<CGS> 0
<TOTAL-COSTS> 2,570,840
<OTHER-EXPENSES> 7,394,659
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 219,089
<INCOME-PRETAX> (1,049,334)
<INCOME-TAX> (366,925)
<INCOME-CONTINUING> (682,409)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (682,409)
<EPS-PRIMARY> (.37)
<EPS-DILUTED> (.37)
</TABLE>
