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.
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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, 1995 - 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, 1995, 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
the signed on its behalf by the undersigned thereunto duly authorized.
Dated: March 29, 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 DECEMBER 31, 1995
(UNAUDITED)
EARNED REVENUE: $ 546,818
COST OF EARNED REVENUE 469,933
GROSS PROFIT (LOSS) 76,885
Marketing, Development & Operating Expenses 562,550
OPERATING LOSS (485,665)
OPERATING INCOME
Interest Income 4,610
Net Realized Gain on Short-Term Investments 634
Net (Loss) for the Year $(480,421)
Retained Earnings (Deficit) December 31, 1994 $(11,204,000)
Retained Earnings (Deficit) December 31, 1995 $(11,684,421)
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INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 1995
(UNAUDITED)
ASSETS
CURRENT ASSETS:
Cash $ 66,043
Short-Term Investment, at lower of cost or market 104,297
Deposits to Stockholder 500,000
Prepaids, etc. 4,065
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Total Current Assets 674,405
PROPERTY AND EQUIPMENT, AT COST, Net of
Accumulated Depreciation of $80,890 20,318
OTHER ASSETS:
Deposits 1,897
Total Assets $ 696,620
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LIABILITIES AND STOCKHOLDERS' EQUITY DEFICIT
CURRENT LIABILITIES:
Trade Accounts Payable $ 200,444
Accrued Liabilities 27,300
Deferred Revenue 1,170,000
Advance from Suppliers 300,000
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Total current liabilities 1,697,744
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 (11,684,421)
Total stockholders' equity (deficit) (1,001,124)
Total liabilities and stockholders' equity (deficit) $ 696,620
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