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 December
31, 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 December
31, 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: March 31, 1997 THE SOUTHERN COMPANY
By /s/ Tommy Chisholm
Tommy Chisholm
Secretary
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Exhibit A
2
INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
STATEMENT OF OPERATIONS AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1996
(UNAUDITED)
EARNED REVENUE: $ 590,350
COST OF EARNED REVENUE 811,441
GROSS PROFIT (LOSS) (221,091)
Marketing, Development & Operating Expenses 641,561
OPERATING LOSS (862,652)
Other Income 3,767
Net (Loss) for the Year $(858,885)
Retained Earnings (Deficit) December 31, 1995 $(11,684,421)
Retained Earnings (Deficit) December 31, 1996 $(12,543,306)
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INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 1996
(UNAUDITED)
ASSETS
CURRENT ASSETS:
Cash $ 169,211
Trade Accounts Receivable 229,740
Deposits with supplier 500,000
Prepaids, etc. 5,048
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Total Current Assets 903,999
PROPERTY AND EQUIPMENT, AT COST, Net of
Accumulated Depreciation of $94,949 332,214
-----------
Total Assets $ 1,236,213
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LIABILITIES AND STOCKHOLDERS' EQUITY DEFICIT
CURRENT LIABILITIES:
Trade Accounts Payable $ 274,507
Accrued Liabilities 13,541
Deferred Revenue 1,183,174
Advance from Equipment Manufacturers 725,000
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Total current liabilities 2,196,222
LONG-TERM LIABILITY 200,000
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 8,862,706
Common Stock rights outstanding -- 109,072 2,459,440
Accumulated Deficit (12,543,306)
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Total liabilities and stockholders' equity (deficit) $ 1,236,213
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