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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): November 25, 1996
Sims Communications, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-25474 65-0287558
(State or other jurisdiction (Commission (I.R.S. Employer)
of incorporation) File Number) Identification No.)
3333 South Congress Avenue, Suite 401, Delray Beach, Florida 33445
(Address of Principal executive offices) (Zip
code)
Registrant's telephone number, including area code (561) 265-3601
N/A Former
Name or Former Address, If Changed Since Last Report
Page 1 of 3 Pages
Exhibit Index is on Page 2.
Item 5. Other Events
During October 1996 the Company sold 800,000 shares of common stock
in a private offering at a price of $0.50 per share. As a result of the sale
of these shares, the Company's stockholders' equity increased by
approximately $400,000. The follow summary financial statement gives effect
to this Private Offering as of September 30, 1996.
SIMS COMMUNICATIONS, INC.
PRO FORMA BALANCE SHEET
September
30, September 30, Adjustments (1) 1996
1996 (as
adjusted)
Current Assets $1,712,956 $400,000 $2,112,956
Total Assets $3,461,048 $400,000 $3,861,048
Current
Liabilities $2,738,681 $2,738,681
Total Liabilities $2,770,475 $2,770,475
Stockholders'
Equity $ 690,573 $400,000 $1,090,573
Total Liabilities
and Stockholders'
Equity $3,461,048 $3,861,048
(1) Reflects completion of Private Offering in October 1996 in which
the Company sold 800,000 shares of common stock at $0.50 per share
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 hereunto duly authorized.
DATE: November 25, 1996 SIMS COMMUNICATIONS, INC.
By /s/ Melvin Leiner
Melvin Leiner, President
2437D
