UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 17, 1997
CONTINENTAL INVESTMENT CORPORATION
(Exact name of registrant as specified in its charter)
Georgia 0-3743 58-0705228
(State or other (Commission (IRS Employer)
jurisdiction of File No.) Identification No.)
incorporation)
10254 MILLER ROAD, DALLAS, TEXAS 75238
(Address of principal executive offices) (Zip Code)
(214) 691-1100
(Registrant's telephone number, including area code)
<PAGE>
ITEM 5: OTHER EVENTS.
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An amendment to Continental Investment Corporation's Form 10-KSB
Report for the fiscal year ended September 30, 1996 will be filed no later
than October 17, 1997, in order to reflect the following changes:
As reported As amended
----------- -----------
Balance Sheet
-------------
Property, at cost $ 8,564,582 $ 9,497,582
Stockholders' equity 10,181,913 11,114,913
Statement of operations
-----------------------
Interest expense 98,564 8,472
Net loss 998,764 908,672
The balance sheet changes are the result of a change in the valuation
method used for accounting for the acquisition of property at the Company's
proposed landfill site in Atlanta, Georgia. The changes in the Statement
of Operations are a result of a change in the accounting method used to
account for Continental's purchase of the operating assets and liabilities of
Fiber-Seal Dallas, Inc. and Fiber-Seal Services International, Inc.
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.
October 1, 1997
CONTINENTAL INVESTMENT CORPORATION
By: /S/ R. Dale Sterritt, Jr.
R. Dale Sterritt, Jr.
Chairman, President and
Chief Executive Officer
