(CORRECTED)
CERTIFICATE OF NOTIFICATION
filed by
THE SOUTHERN COMPANY
Pursuant to supplemental order of the Securities and Exchange Commission dated
October 25, 1987, in the matter of File No. 70-6982.
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The Southern Company (Southern), pursuant to Rule 24, hereby
provides the following information as required by the above-mentioned
supplemental order:
(1) financial statements of Integrated Communication Systems,
Inc. (ICS), as furnished to Southern by ICS (Reference is
made to Exhibit A filed herewith);
(2) number of shares outstanding of ICS common stock at December
31, 1993 - 390,746 shares; number of ICS shares owned by
Southern - 130,381 shares; percentage of ICS shares
outstanding owned by Southern - 34.92%; based on information
provided by American Electric Power, Inc. (AEP), the number
of ICS shares owned by AEP - 80,000 shares; percentage of
ICS shares outstanding owned by AEP - 21.43%; and
(3) revenues of ICS by major segments, as furnished to Southern
by ICS (Reference is made to Exhibit A filed herewith).
Filed herewith is the following exhibit:
Exhibit A - Financial statements of ICS at December 31,
1993, including revenues of ICS by major
segment.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935, the undersigned company has duly caused this certificate to the
signed on its behalf by the undersigned thereunto duly authorized.
Dated: April 18, 1994 SOUTHERN COMPANY
By /s/ Tommy Chisholm
Tommy Chisholm
Secretary
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EXHIBIT A
INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
STATEMENT OF OPERATIONS AND RETAINED EARNINGS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1993
(UNAUDITED)
EARNED REVENUE:
Energy Related:
AEM $ 25,140
Interest Earned 17,678
Unrealized Gain (Loss) on Investment 10,193
AEP 2,994
Southern/Gulf Power 3,542
59,547
COST OF EARNED REVENUE:
General and Administrative $ 466,135
AEM 192,594
AEP 51,021
Southern/Gulf Power 44,426
Entergy 7,793
P G & E 2,602
Existing Product Development 41,904
New Product Development 43,934
New Marketing Sales 9,617
VARS 3,673
863,699
NET INCOME (LOSS) $(804,152)
RETAINED EARNINGS (DEFICIT) DECEMBER 31, 1992 $(9,573,634)
RETAINED EARNINGS (DEFICIT) DECEMBER 31, 1993 $(10,377,786)
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INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 1993
(UNAUDITED)
ASSETS
CURRENT ASSETS:
Cash and short term investments $ 106,548
Accounts Receivable 10,184
Security Deposits 1,897
Reserve Bad Debts (9,000)
Total Current Assets 109,629
EQUIPMENT, FURNITURE AND FIXTURES:
Equipment 26,265
Furniture and fixtures 31,113
Displays 32,069
89,447
Less: Accumulated Depreciation (64,333)
25,114
Total Assets $ 134,743
LIABILITIES AND STOCKHOLDERS' EQUITY DEFICIT
CURRENT LIABILITIES:
Accounts payable $ 38,333
Accrued liabilities 21,854
Other current liabilities 3,096
Customer deposits 200,000
Total current liabilities 263,283
STOCKHOLDERS' EQUITY (DEFICIT):
Common Stock $.10 par value;
authorized shares -- 1,000,000;
issued and outstanding shares --
390,746 in 1993 37,338
Additional paid-in capital 7,752,468
Common Stock rights outstanding --
176,597 shares in 1993 2,459,440
10,249,246
Accumulated deficit (10,377,786)
Total stockholders'
equity (deficit) (128,540)
Total liabilities and
stockholders' equity (deficit) $ 134,743
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