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.
- - - - - - - - - -
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, 1994 - 390,746 shares; number of ICS shares
owned by Southern - 130,381 shares; percentage of ICS
shares outstanding owned by Southern - 33.37%; 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
- 20.47%; 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,
1994, 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: March 30, 1995 SOUTHERN COMPANY
By Tommy Chisholm
Tommy Chisholm
Secretary<PAGE>
EXHIBIT A
INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
STATEMENT OF OPERATIONS AND RETAINED EARNINGS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1994
(UNAUDITED)
EARNED REVENUE: $ 24,438
COST OF EARNED REVENUE 41,936
GROSS PROFIT (LOSS) (17,498)
Marketing, Development & Operating Expenses 828,064
Operating (Loss) (845,562)
Other Income ( Expense) (5,159)
Net (Loss) for the Year $(850,721)
Retained Earnings (Deficit) December 31, 1993 $(10,353,279)
Retained Earnings (Deficit) December 31, 1994 $(11,204,000)
-1-<PAGE>
INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 1994
(UNAUDITED)
ASSETS
CURRENT ASSETS:
Cash $24,452
Trade Accounts Receivable 5,591
Short-term Investment, at Lower of Cost or Market 286,697
Deposits 500,000
Prepaids, etc. 4,065
Total Current Assets 820,805
PROPERTY AND EQUIPMENT, AT COST, Net of
Accumulated Depreciation of $69,518 in 1994 31,690
OTHER ASSETS
Deposits 1,897
Total Assets $ 854,392
LIABILITIES AND STOCKHOLDERS' EQUITY DEFICIT
CURRENT LIABILITIES:
Trade Accounts Payable $ 9,964
Accrued Liabilities 28,194
Deferred Revenue 1,136,937
Advance from Vendor 200,000
Total current liabilities 1,375,095
STOCKHOLDERS' EQUITY (DEFICIT):
Common Stock $.10 par value;
authorized shares -- 1,000,000;
issued and outstanding shares --
390,746 in 1994 39,075
Additional paid-in capital 8,184,782
Common Stock rights outstanding --
390,746 in 1994 2,459,440
Accumulated Deficit (11,204,000)
Total stockholders'
equity (deficit) (520,703)
Total liabilities and
stockholders' equity (deficit) $ 854,392
-2- <PAGE>
