CERTIFICATE OF NOTIFICATION
filed by
THE SOUTHERN COMPANY
Pursuant to supplemental order of the Securities and Exchange Commission dated
October 20, 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 June 30,
1996 - 611,512 shares; number of ICS shares owned by Southern
- 130,381 shares; percentage of ICS shares outstanding owned
by Southern - 21.32%; the number of ICS shares owned by
American Electric Power, Inc. (AEP) - 80,000 shares;
percentage of ICS shares outstanding owned by AEP - 13.08%;
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 June 30,
1996, including revenues of ICS by major
segment.
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SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned company has duly caused this certificate to
be signed on its behalf by the undersigned thereunto duly authorized.
Dated: September 26, 1996 THE 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 YEAR ENDED JUNE 30, 1996
(UNAUDITED)
EARNED REVENUE: $ 100,786
COST OF EARNED REVENUE 26,944
GROSS PROFIT (LOSS) 73,842
Marketing, Development & Operating Expenses 639,033
OPERATING LOSS (565,191)
Other Income 2,766
Net (Loss) for the Year $(562,425)
Retained Earnings (Deficit) December 31, 1995 $(11,684,421)
Retained Earnings (Deficit) June 30, 1996 $(12,246,846)
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INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
JUNE 30, 1996
(UNAUDITED)
ASSETS
CURRENT ASSETS:
Cash $ 66,996
Trade Accounts Receivable 50,000
Deposits with supplier 500,000
Prepaids, etc. 4,065
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Total Current Assets 621,061
PROPERTY AND EQUIPMENT, AT COST, Net of
Accumulated Depreciation of $85,922 15,286
OTHER ASSETS:
Deposits 1,897
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Total Assets $ 638,244
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LIABILITIES AND STOCKHOLDERS' EQUITY DEFICIT
CURRENT LIABILITIES:
Trade Accounts Payable $ 5,347
Accrued Liabilities 26,445
Deferred Revenue 1,170,000
Advance from Equipment Manufacturers 300,000
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Total current liabilities 1,501,792
STOCKHOLDERS' EQUITY (DEFICIT):
Common Stock $.10 par value;
authorized shares -- 2,000,000;
issued and outstanding shares --
611,512 in 1996 61,151
Additional paid-in capital 8,552,707
Common Stock rights outstanding -- 109,072 2,769,440
Accumulated Deficit (12,246,846)
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Total liabilities and stockholders' equity (deficit) $ 638,244
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