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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
______________________________
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ X ] Form 10-Q [ ] Form N-SAR
For Period Ended: September 30, 1997 SEC File Number 0-18048
[ ] Transition Report on Form 10-K CUSIP Number 783942 10 5
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
[ ] For the Transition Period Ended:
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PART I - REGISTRANT INFORMATION
SA TELECOMMUNICATIONS, INC.
(Full Name of Registrant)
1600 Promenade Center, 15th Floor
(Address of Principal Executive Office)
Richardson, Texas 75080
(City and State) (Zip Code)
Registrant's telephone number including Area Code: (972) 690-5888
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PART II - RULES 12b-25(b) and (c)
If the subject report could not be filed without
unreasonable effort or expense and the Registrant seeks relief
pursuant to Rule 12b-25(b), the following should be completed.
(Check box if appropriate.)
(a) The reasons described in reasonable detail in Part
III of this form could not be eliminated without
unreasonable effort or expense;
[X] (b) The subject quarterly report on Form
10-QSB will be filed on or before the fifth
calendar day following the prescribed due
date; and
(c) The accountant's statement or other
exhibit required by rule 12b-25(c) has been
attached, if applicable.
<PAGE>
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-QSB
could not be filed within the prescribed time period.
SEE ATTACHMENT III.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
HOWARD F. CURD (972) 690-5888
(Name) (Area Code) (Telephone Number)
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(2) Have all other periodic reports
required under Section 13 or 15(d)
of the Securities Exchange Act of
1934 or Section 30 of the Investment
Company Act of 1940 during the
preceding 12 months been filed? [X] Yes [ ] No
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(3) Is it anticipated that any significant
change in results of operations from
the corresponding period for the last
fiscal year will be reflected by the
earnings statements to be included
in the subject report or portion
thereof? [X] Yes [ ] No
If so: attach an explanation of the
anticipated change, both narratively
and quantitatively, and, if appropriate,
state the reasons why a reasonable
estimate of the results cannot be made.
See Attachment IV(3)
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SA TELECOMMUNICATIONS, INC.
(Name of Registrant as specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: November 14, 1997
SA TELECOMMUNICATIONS, INC.
By: /s/ HOWARD F. CURD
--------------------------
Howard F. Curd
Chairman of the Board
ATTENTION
Intentional misstatements or omissions constitute Federal
Criminal Violations (see 18 U.S.C. 1001).
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ATTACHMENT III
TO
NOTIFICATION OF LATE FILING
OF FORM 10-QSB
FOR FISCAL QUARTER ENDED SEPTEMBER 30, 1997
The Registrant was unable to timely file its Quarterly
Report on Form 10-QSB for its fiscal quarter ended September 30,
1997 because information with respect to the Registrant's
liquidity position required by "Management Discussion and
Analysis of Financial Condition and Plan of Operation" was
dependent upon the consummation of additional financing and the
outcome of discussions with certain creditors of the Registrant
and its subsidiaries through November 14, 1997. Due to the fact
that such events occurred immediately prior to the due date of
November 14, 1997, the Registrant represents that it could not
have eliminated the reasons causing such delay without
unreasonable effort and expense.
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ATTACHMENT IV(3)
TO
NOTIFICATION OF LATE FILING
OF FORM 10-QSB
FOR FISCAL QUARTER ENDED SEPTEMBER 30, 1997
Based on current information and belief, management expects
that the Registrant will report (1) a net loss for the three
months ended September 30, 1997 of approximately $5,380,617 as
compared to a net loss for the three months ended September 30,
1996 of $1,167,218, and (2) a net loss for the nine months ended
September 30, 1997, of $15,440,738 as compared to net income for
the nine months ended September 30, 1996 of $637,227 (including a
net extraordinary gain on extinguishment of debt of $1,817,378).
In addition, the Registrant is expected to report (1) a net loss
per share of $0.34 for the three months ended September 30, 1997
as compared to a net loss of $0.07 per share for the three months
ended September 30, 1996, and (2) a net loss per share of $0.99
for the nine months ended September 30, 1997 as compared to net
income per share of $0.04 (including a net extraordinary gain on
extinguishment of debt of $0.11 per share) for the nine months
ended September 30, 1996.
