UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Sections 13 and 15(d) of
the Securities Exchange Act of 1934
July 24, 1998
Date of Report (Date of earliest event reported)
SA TELECOMMUNICATIONS, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-18048 75-228519
(State Of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
1600 Promenade Center, 15th Floor
Richardson, TX 75080
(Address of Principal Executive Office)
(972) 690-5888
(Registrant's Telephone Number, Including Area Code)
(Not Applicable)
(Former Name or Former Address,
if Changed Since Last Report)
<PAGE>
ITEM 5. OTHER EVENTS
As previously reported, SA Telecommunications, Inc. and its
subsidiaries (collectively, the "Company") filed petitions for relief under
Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the
United States Bankruptcy Court for the District of Delaware (the "Bankruptcy
Court") (Cases No. 97-2395 through 97-2401). Since that date, the Company has
continued as a debtor-in-possession pursuant to the Bankruptcy Code.
On or about July 24, 1998, the Company filed its Monthly Operating
Report for the month ending March 31, 1998 (the "March MOR") with the Office of
the United States Trustee (the "Trustee") and the Bankruptcy Court.
A copy of the March MOR is attached hereto as Exhibit 99.1 and
incorporated herein by reference.(1)
(1) The attachments and exhibits referenced in the March MOR are not attached
as part of Exhibit 99.1, but are available at the Office of the United
States Trustee and the Bankruptcy Court. In addition, the Company agrees
that it will furnish a copy of any omitted schedule or similar attachment
to the Commission upon its request.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits:
99.1 Monthly Operating Report of the Company for the month ending March 31,
1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SA TELECOMMUNICATIONS, INC.
DATE: July 28, 1998 By: /s/ Albert B. Gordon, Jr.
-------------------------
Albert B. Gordon, Jr.
Chief Executive Officer
Accrual Basis-1
Case No.: 97-02395PJW Thru 97-02401PJW
OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
MONTHLY OPERATING REPORT
for the month ending March 31, 1998
Document Previously Explanation
Required Attachments: Attached Submitted Attached
1. Tax Receipts ( ) (X) ( )
2. Bank Statements (X) ( ) ( )
3. Most recently filed ( ) (X) ( )
Income Tax Return
4. Most recent Annual (X) ( ) ( )
Financial Statements
prepared by accountant
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE
UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS - 1 THROUGH ACCRUAL BASIS - 9) AND THE ACCOMPANYING
ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT
AND COMPLETE. DECLARATION OF PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON
ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Windle R. Ewing Vice President
- ------------------------------ --------------------
SIGNATURE OF RESPONSIBLE PARTY TITLE
Windle R. Ewing June 25, 1998
- --------------------------------- -------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Tom Matta Accounting Manager
- --------------------------- -----------------------
SIGNATURE OF PREPARER TITLE
Tom Matta June 25, 1998
- ------------------------ -------------
PRINTED NAME OF PREPARER DATE
All Chapter 11 debtors must file this report with the Court and serve a copy on
the United States Trustee no later than the 15th day of the month following the
end of the month covered by the report.
<PAGE>
In Re: SA Telecommunications, Inc. Accrual Basis -2
Case Nos. 97-2395 (PJW) through 97-2401 (PJW)
COMPARATIVE BALANCE SHEET
1st Quarter
Assets Month Month Month
1/31/98 2/28/98 3/31/98
1 Cash $ 56,825 $ (147,413) $ 524,628
2 Accounts Receivable (Net) 4,063,411 4,254,860 3,887,465
3 Inventory 136,875 136,875 34,175
4 Notes Receivable
5 Prepaid Expenses 269,620 244,013 303,988
6 Other (Attach List) 317,184 316,817 0
7 Total Current Assets 4,843,915 4,805,152 4,750,256
8 Property, Plant & Equipment 14,596,991 14,602,562 14,722,857
9 Less: Accumulated
Depreciation/Depletion 3,183,388 3,340,989 9,121,547
10 Net Property, Plant &
Equipment 11,413,603 11,261,573 5,601,310
11 Due From Affiliates &
Insiders
12 Intangibles (Attach List) 24,870,240 24,695,982 5,026,018
12a Debt Issuance Cost 2,272,063 2,250,925 0
13 Other (Attach List) 234,700 224,563 0
14 Total Assets $ 43,634,521 $43,238,195 $15,377,584
POSTPETITION LIABILITIES
15 Accounts Payable 168,963 398,454 5,112,631
15a Accrued Telecommunications
Costs 1,407,067 1,363,186 1,545,240
16 Taxes Payable 188,155 361,122 458,823
16a Accrued Taxes Payable
17 Notes Payable -
18 Professional Fees
19 Secured Debt -
20 Due To Affiliates & Insiders
21 Other (Attach List) 305,224 165,386 248,308
22 Total Postpetition
Liabilities 2,069,409 2,288,148 7,365,002
PREPETITION LIABILITIES
23. Secured Debt 8,051,318 8,202,228 7,855,660
24. Priority Debt (Attach List) 404,640 183,012 71,162
24a Redeemable Preferred Stock 1,401,940 1,401,940 1,620,000
25 Unsecured Debt 45,187,058 45,203,672 48,168,620
26 Other (Attach List)
27 Total Prepetition Liabilities 55,044,956 54,990,852 57,715,442
28 Total Liabilities 57,114,365 57,279,000 65,080,444
EQUITY
29 Owner's Prepetition Equity (11,788,256) (11,788,256) (12,258,875)
30 Postpetition Cumulative
Profit or (Loss) (1,691,588) (2,252,549) (37,443,985)
31. Total Equity (Deficit) (13,479,844) (14,040,805) (49,702,860)
32 Total Liabilities &
Owner's Equity $ 43,634,521 $ 43,238,195 $15,377,584
<PAGE>
In Re: SA Telecommunications, Inc. Accrual Basis-2
Case Nos. 97-2395 (PJW) THROUGH 97-2401 (PJW)
<TABLE>
<CAPTION>
MONTH MONTH MONTH
1/31/98 2/28/98 3/31/98
<S> <C> <C> <C> <C>
6 Other Current Assets
A/R-Jack Matz 15,214 15,214 0
A/R Prarie Systems, Inc. 59,917 59,917 59,917
A/R Line Costs 93,368 93,001 93,001
Long Distance Network N/R 148,685 148,685 148,685
------------------------------------------------------------
317,184 316,817 301,603
============================================================
12 Intangibles
Goodwill (net of amortization) 24,870,240 24,695,982 5,026,018
============================================================
13 Other Non-Current Assets
Prepaid Employee Settlement (net) 212,528 212,528 0
Security Deposits & Miscellaneous 22,172 12,035 0
------------------------------------------------------------
234,700 224,563 0
============================================================
21 Other Post-Petition Liabilities
Accr Payroll/Payroll Taxes/Benefits 229,636 193,049 163,080
Accr Medical Ins 36,347 (35,290) 85,228
Accr Property Taxes 39,241 7,627 0
------------------------------------------------------------
305,224 165,386 248,308
============================================================
24 Priority Debt
Accrued Payroll/Employee Benefits 5,765 -
Accrued Property Taxes 80,876 71,162 71,162
Accrued Sales Taxes 317,999 111,850 0
------------------------------------------------------------
404,640 183,012 71,162
============================================================
</TABLE>
<PAGE>
Case No. Nos.-2395 (PJW) THROUGH 97-2401 (PJW) Accrual Basis -3
SA TELECOMMUNICATIONS, INC.
INCOME STATEMENT
First Quarter
Month Month Month
Jan, 1998 Feb, 1998 Mar, 1998
--------- --------- ---------
REVENUES
1 Gross Revenues $ 2,003,732 $ 1,998,012 $ 2,082,656
2 Less: Returns & Discounts 23,613 29,905 20,006
3 Net Revenue $ 1,980,119 $ 1,968,107 $ 2,062,650
COST OF GOODS SOLD
4 Beginning Inventory
5 Add: Purchases
6 Less: Ending Inventory
7 Cost Of Goods Sold 1,319,624 1,429,432 1,757,160
8 Gross Profit 660,495 538,675 305,490
OPERATING EXPENSES
9 Officer/Insider
Compensation 84,756 25,424 32,524
10 Direct Labor/Salaries 369,547 316,434 295,526
11 Payroll Taxes 51,386 36,497 31,747
12 Rent & Lease Expense 57,350 76,289 44,844
13 Insurance 41,051 18,131 (89,534)
14 Depreciation/Amortization 388,115 381,483 (768,339)
15 General & Administrative 215,532 219,660 251,427
16 Other (Attach List)
17 Total Operating Expenses 1,207,737 1,073,918 (201,805)
18 Operating Income $ (547,242) $ (535,243) $ 507,295
OTHER INCOME & EXPENSES
19 Other Income (Attach List)
20 Other Expenses (Attach List)
21 Interest Expense (87,767) (50,856) (76,421)
22 Other (7,161) 25,205 (9,684)
23 Net Other Income & Expenses (94,928) (25,651) (86,105)
REORGANIZATION EXPENSES
24 Professional Fees
25 U.S. Trustee Fees (2,453) - (15,261)
26 Other (Attach List)
27 Total Reorganization Expenses (2,453) (67)
28 Income Tax
29 NET PROFIT (LOSS) $ (644,623) $ (560,961) $ 405,929
<PAGE>
Case Nos. 97-2395 (PJW) THROUGH 97-2401 (PJW) Accrual Basis -4
CASH RECEIPTS AND
DISBURSEMENTS
<TABLE>
<CAPTION>
TOTAL SATEL TOTAL SATEL TOTAL SATEL TOTAL SATEL
A/P MAIN OPER. P/.R GREYROCK
<S> <C> <C> <C> <C>
1. BEG. BAL (235,465.00) 33,063.38 (2,315.70) 92,233.59
2. CASH - - - -
SALES
3. RECEIPTS - 3,437,575.42 - (10,014.10)
4. LOANS & - - - -
ADVANCES
5. SALE - - - -
ASSETS
6. (OTHER)
PAYDOWNS
ON
REVOLVER 239,910.66 (1,087,567.24) 266,220.46 44,992.61
--------------- --------------- -------------- --------------
7. TOTAL
RECEIPTS 239,910.66 2,350,008.18 266,220.46 34,978.51
8. TOTAL
CASH AVAIL. 4,445.66 2,383,071.56 263,904.76 127,212.10
----------------- -------------- -------------- --------------
*DISBURSE-
MENTS - (2,188,826.11) (267,077.35) -
EOM
BALANCE 4,445.66 194,245.45 (3,172.59) 127,212.10
-------------- -------------- --------------- --------------
TOTAL SATEL TOTAL SATEL TOTAL SATEL TOTAL SATEL
MISC. CD & NEC PETTY CASH
<S> <C> <C> <C> <C>
1. BEG. BAL (79,720.12) 40,695.44 4,094.95 (147,413.46)
2. CASH - - - -
SALES
3. RECEIPTS - - - 3,427,561.32
4. LOANS & - - - -
ADVANCES
5. SALE - - - -
ASSETS
6. (OTHER)
PAYDOWNS
ON
REVOLVER 370,948.26 172.03 - (165,323.22)
-------------- -------------- --------------- --------------
7. TOTAL
RECEIPTS 370,948.26 172.03 - 3,262,238.10
8. TOTAL
CASH AVAIL. 291,228.14 40,867.47 4,094.95 3,114,824.64
-------------- -------------- -------------- --------------
*DISBURSE-
MENTS (134,292.81) - - (2,590,196.27)
EOM
BALANCE 156,935.33 40,867.47 4,094.95 524,628.37
-------------- -------------- -------------- --------------
</TABLE>
* See attached detail of disbursements by check number, date, payee and amount.
<PAGE>
Debtor: SA Telecommunications, Inc. and Subsidiaries Accrual Basis-5
Case No: 97-2395 through 97-2401
ACCOUNTS RECEIVABLE AGING
0 - 30 days old $ 1,842,827
31 - 60 days old 542,110
61 - 90 days old 196,136
91 + days old 1,306,392
Total Accounts Receivable $ 3,887,465
Amount Considered Uncollectable -
Account Receivable $ 3,887,465
<TABLE>
<CAPTION>
AGING OF POSTPETITION ACCOUNTS PAYABLE
0 - 30 31 - 60 61 - 90 91+
DAYS DAYS DAYS DAYS TOTAL
- ---------------------- ------------------ ------------------ ------------------ ------------------ ------------------
<S> <C> <C> <C> <C> <C>
ACCOUNTS PAYABLE $4,013,933 $ - $ - $1,098,698 $5,112,631
</TABLE>
STATUS OF POSTPETITION TAXES
<TABLE>
<CAPTION>
BEGINNING AMOUNT ENDING
TAX WITHHELD AMOUNT TAX DELINQUENT
LIABILITY* OR ACCRUED' PAID LIABILITY TAXES
<S> <C> <C> <C> <C> <C>
Federal
Withholding** 4,456 34,521 28,035 10,942
FICA-Employee** 5,356 22,075 21,258 6,173
FICA-Employer" 5,356 22,075 21,258 6,173
Unemployment 875 1,075 944 1,006
Income
Other (Attach List)
Total Federal Taxes 16,043 79,746 71,496 24,293 -
State And Local
Withholding 158 3,576 2,015 1,719
Sales 361,120 * 135,880 95,367 401,633
Excise
Unemployment 4,820 5,963 5,179 5,605
Real Property
Personal Property
Other (Attach List)
Total State & Local 366,098 145,420 102,560 408,958 -
Total Taxes 382,141 225,165 174,056 433,251 -
</TABLE>
* The beginning liability for state and local sales tax includes an
adjustment for $260,817 reclassed from prepetition sales tax
* The beginning tax liability should represent the liability from the prior
month or, if this is the first operating report, the amount should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt
to verify payment or deposit
<PAGE>
Case Nos. 97-972395 (PJW) SA TELECOMMUNICATIONS, INC. ACCRUAL BASIS - 6
THROUGH 02401 (PJW)
<TABLE>
<CAPTION>
BANK RECONCILIATIONS Acct #1 Acct #2 Acct #3 Acct #4
USC USC USC NEC
A. Bank Wells Fargo Wells Fargo Wells Fargo Various
B. Acct # 4311-269112 4311-269120 4311-269138 Various
C. Purpose A/P Operating Payroll Misc. Depository
--- --------- ------- ------
<S> <C> <C> <C> <C>
1 Balance per Bank Statement - 304,740.23 274.96 17,469.31
2 + Deposits not credited - -
3 - Outstanding Checks (132,552.28) - - -
4 +/- Other Reconciling items 132,552.28 (208,142.95) 35,496.85 -
============ ============== ============== ============
5 Month End Balance per books - 96,597.28 35,771.81 17,469.31
============ ============== ============== ============
BANK RECONCILIATIONS Acct #5 Acct #6 Acct #7 Acct #8 Acct #9
LDN USC USC USC AddTel
A. Bank Southwest Bank Compass Wells Fargo na Wells Fargo
B. Acct # 9050078 712-0018-3 4311-269146 Petty 690018810
C. Purpose Savings Greyrock Insurance Cash Accounts Sales Tax Acct
------- -------- --------- ------------- --------------
<S> <C> <C> <C> <C> <C>
1 Balance per Bank Statement 2,516.96 43,708.29 108,723.44 586.43 15,099.47
2 + Deposits not credited 6.65
3 - Outstanding Checks - - (9,794.06) - -
4 +/- Other Reconciling items - (580.08) 42,906.51 - -
========== =========== =========== ======= =========
5 Month End Balance per books 2,523.61 43,128.21 141,835.89 586.43 15,099.47
========== =========== =========== ======= =========
</TABLE>
<PAGE>
Case Nos. 97-2395 (PJW) SA TELECOMMUNICATIONS, INC. ACCRUAL BASIS - 6
THROUGH 972401 (PJW)
<TABLE>
<CAPTION>
BANK RECONCILIATIONS Acct #10 Acct #11 Acct #12 Acct #13
AddTel AddTel AddTel AddTel
A. Bank Wells Fargo Wells Fargo Wells Fargo Wells Fargo
B. Acct # 0933 051211 1290-000025-000 4443-332515 4443-332762
C. Purpose Operating CD Greyrock Returned Checks
--------- -- -------- ---------------
<S> <C> <C> <C> <C>
1 Balance per Bank Statement 217,775.39 20,874.55 84,083.97 -
2 + Deposits not credited
3 - Outstanding Checks (128,407.80)
4 +/- Other Reconciling items (8,915.60) (0.08) -
============== ============== ============= ============
5 Month End Balance per books 80,451.99 20,874.55 84,083.89 -
============== ============== ============= ============
BANK RECONCILIATIONS Acct #14 Acct #15 Acct #16 Acct #17 Acct #18
AddTel AddTel AddTel Uniquest Uniquest
A. Bank Wells Fargo Wells Fargo na Compass Bank of America
B. Acct # 0933 041063 934 041063 711 9526 0 83130 00519
C. Purpose - Payroll/ZBA Petty Cash A/P Payroll
----------- ---------- --- -------
<S> <C> <C> <C> <C> <C>
1 Balance per Bank Statement - - 3,475.57 21,641.84 32.95
2 + Deposits not credited
3 - Outstanding Checks (38,855.33) - -
4 +/- Other Reconciling items (89.07) - -
=========== ============ ========== ================= =======
5 Month End Balance per books - (38,944.40) 3,475.57 21,641.84 32.95
=========== ============ ========== ================= =======
</TABLE>
<PAGE>
Case Nos. 97-2395 (PJW)
THROUGH 972401 (PJW) ACCRUAL BASIS - 7
SA Telecommunications, Inc.
and Subsidiaries
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS
(AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE BANKRUPTCY CODE) AND TO
PROFESSIONALS FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID
(e.g. SALARY, BONUS, COMMISSION, INSURANCE, HOUSING ALLOWANCE, TRAVEL CAR
ALLOWANCE, ETC.) ATTACH ADDITIONAL SHEETS IF NECESSARY.
Insiders
<TABLE>
<CAPTION>
Cumulative
Type of Amount Unpaid
Name Position Payment Paid Balance
<S> <C> <C> <C> <C>
1 Igor Mamantov VP-Corp Development Payroll Resigned
2 Dennis Lee Gundy VP-Operations Payroll $ 9,230.76
3 Jeffery M. Petrie VP-Telemarketing Payroll 5,769.23
4 Windle R. Ewing VP-Tariffs and Reg. Affair Payroll 5,384.60
5 Thomas J. Brighi VP-Telemarketing Payroll 4,446.64
6 George M. Trevino Controller Payroll Resigned
7 Kellie Watts Asst. General Counsel Payroll Resigned
8 Julie Judd HR Administrator Payroll Resigned
9 Cheryl Leahy Asst. Controller Payroll Resigned
10 Chuck Leblo Payroll 7,692.30
Total Payments to Insiders $ 32,523.53
</TABLE>
PROFESSIONALS
<TABLE>
<CAPTION>
Date of Court Total
Type of Order Authorizing Amount Amount Paid
Name Professional Payment Approved Paid To Date
---------------- --------------------- --------------------- -------------- --------------------- ------------------
<S> <C> <C> <C> <C> <C> <C>
1
2 None None None None None
3
4
Total Payments to Professionals
</TABLE>
ADEQUATE PROTECTIONS PAYMENTS
<TABLE>
<CAPTION>
Scheduled Monthly Amounts Paid Total Unpaid
Name of Creditor Payments Due During the Month Post Petition
<S> <C> <C> <C>
1 None None -
2
3
4
5
Total $ - $ -
</TABLE>
<PAGE>
97-02395PJW THRU 97-02401PJW ACCRUAL BASIS-8
- -------------------------------------------------------------------------
QUESTIONNAIRE YES NO
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
1. Have any assets been sold or transferred outside
the normal course of business this recording period? X
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
2. Have any funds been disbursed from any
account other than a debtor in X (1)
possession account?
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
3. Are any postpetition receivables
(accounts, notes, or loans) due from X
related parties?
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
4. Have any payments been made on
prepetition liabilities this reporting X (2)
period?
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
5. Have any postpetition loans been
received by the debtor from any party? X (3)
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
6. Are any postpetition payroll taxes past due? X
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
7. Are any postpetition state or federal
income taxes past due? X
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
8. Are any postpetition real estate taxes past due? X
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
9. Are any other postpetition taxes past due? X
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
10. Are any amounts owed to postpetition
creditors past due? X
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
11. Have any prepetition taxes been paid
during the reporting period? X
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
12. Are any wage payments past due? X
- -------------------------------------------------------------------------
If the answer to any of the above questions is "YES", provide a detailed
explanation of each item. Attach additional sheets if necessary.
(1) Prepetition accounts retained during this period per court order.
(2) Payments for payroll and benefits approved by court order.
(3) Only amounts per D.I.P. Financing Agreement approved by court order.
- -------------------------------------------------------------------------
INSURANCE YES NO
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND
OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT?
X
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
3. PLEASE ITEMIZE POLICIES BELOW.
- -------------------------------------------------------------------------
If the answer to any of the above questions is "no", or if any policies have
been canceled or not renewed during this reporting period, provide an
explanation below. Attached additional sheets if necessary.
- -----------------------------------------------------------------------------
INSURANCE POLICIES
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
TYPE OF PAYMENT AMOUNT
POLICY CARRIER PERIOD COVERED & FREQUENCY
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
See attached schedule of current policies.
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
<PAGE>
Case Nos. 97-2395(PJW) THROUGH 97-2401(PJW) Accrual Basis -9
SA Telecommunications, Inc.
and Subsidiaries
- --------------------------------------------------------------------------------
PERSONNEL
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Full Time Part Time
Total Total
1. Total number of employees at beginning of period 136 18
2. Total number of employees hired during the period - -
3. Number of employees terminated or resigned during
the period 86 17
4. Total number of employees on payroll at end of
period 50 1
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Change of Address
- --------------------------------------------------------------------------------
If your mailing address has changed and you have not previously notified
the United States Trustee of the change, list your new address below:
DATE OF CHANGE: March 31, 1998
NEW ADDRESS: 1600 Promenade Center, Suite 1450
Richardson, TX 75080
