UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q/A (Amendment Number 1)
(Mark one)
[x] QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1999
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
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Commission File Number 0-11176
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NTS-PROPERTIES III
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(Exact name of registrant as specified in its charter)
Georgia 61-1017240
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
10172 Linn Station Road
Louisville, Kentucky 40223
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number,
including area code (502) 426-4800
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Not Applicable
- --------------------------------------------------------------------------------
Former name, former address and former fiscal year,
if changed since last report
Indicate by check mark whether the registrant (l) 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, and (2) has been subject to such filing requirements
for the past 90 days.
YES X NO ____
Exhibit Index: See page 2
Total Pages: 3
<PAGE>
Introduction
- ------------
This report on form 10-Q/A (Amendment Number 1) is being filed with the
Securities and Exchange Commission to amend Item 6 of the Quarterly Report on
Form 10-Q of NTS-Properties III for the three months ended June 30, 1999. The
above referenced item appears in its entirety in this report.
PART II. OTHER INFORMATION
6. Exhibits and Reports on Form 8-K
--------------------------------
(a) Exhibits
Exhibit 27. Financial Data Schedule
(b) Reports on Form 8-K
None.
2
<PAGE>
SIGNATURES
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Pursuant to the requirements of Section 13 or 15(d) 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.
NTS-PROPERTIES III
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(Registrant)
BY: NTS-Properties Associates,
General Partner
BY: NTS Capital Corporation,
General Partner
/s/ Gregory A. Wells
--------------------
Gregory A. Wells
Executive Vice President
of NTS Capital Corporation
Date: August 16, 1999
3
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BALANCE SHEET AS OF JUNE 30,1999 AND FROM THE STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1999 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<CASH> 366,374
<SECURITIES> 0
<RECEIVABLES> 238,398
<ALLOWANCES> 8,625
<INVENTORY> 0
<CURRENT-ASSETS> 0 <F1>
<PP&E> 10,743,316
<DEPRECIATION> 0 <F2>
<TOTAL-ASSETS> 11,769,322
<CURRENT-LIABILITIES> 0 <F1>
<BONDS> 7,330,953
0
0
<COMMON> 0
<OTHER-SE> 3,850,480
<TOTAL-LIABILITY-AND-EQUITY> 11,769,322
<SALES> 1,434,641
<TOTAL-REVENUES> 1,584,399
<CGS> 0
<TOTAL-COSTS> 1,493,059
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 236,803
<INCOME-PRETAX> (145,463)
<INCOME-TAX> 0
<INCOME-CONTINUING> (145,463)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (145,463)
<EPS-BASIC> 0
<EPS-DILUTED> 0
<FN>
<F1>THE PARTNERSHIP HAS AN UNCLASSIFIED BALANCE SHEET,THEREFORE THE VALUE IS $0.
<F2>THIS INFORMATION IS NOT DISCLOSED IN THE PARTNERSHIP'S FORM 10-Q.
</FN>
</TABLE>
