SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A-1
Annual Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
For the year ended December 31, 1995
Commission File Number : 1-13424
DATA SYSTEMS NETWORK CORPORATION
(Exact name of Registrant as specified in its charter)
Michigan 38-2649874
(State or other jurisdiction (I.R.S. Employer
of incorporation of organization) Identification No.)
34705 West 12 Mile Road, Suite 300
Farmington Hills, Michigan 48331
(Address of principal offices) (Zip Code)
Registrant's telephone number, including area code: (810) 489-7117
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
Yes No __ X__
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [X]
The aggregate market value of the voting stock of the registrant held by
non-affiliates (1,253,000 shares) on February 29, 1996 was $2,976,015. For
purposes of this computation only, all executive officers, directors and
beneficial owners of more than 5% of the outstanding shares of common stock
are assumed to be affiliates.
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a
plan confirmed by the court.
Yes [X] No
Indicate the number of shares outstanding of each of the Registrant's classes
of Common Stock as of the latest practicable date: 2,715,000 shares of Common
Stock outstanding as of February 29, 1996.
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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
YEARS ENDED DECEMBER 31, 1995, 1994 AND 1993
The independent auditors' report, financial statements, notes to financial
statements and other information set forth under "Item 8. Financial Statements
and Supplementary Data" in the Form 10-K of Data Systems Network Corporation
for the year ended December 31, 1995 (as filed on or about March 27, 1996) are
incorporated herein by reference thereto in their entirety as if set forth in
full herein. The report of Deloitte and Touche LLP, which was inadvertently
omitted from such Form 10-K, is set forth below.
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Shareholders of
Data Systems Network Corporation
Farmington Hills, Michigan
We have audited the balance sheet of Data Systems Network Corporation as of
December 31, 1994, and the related statements of operations, stockholders'
equity (deficiency) and cash flows for the two years in the period ended
December 31, 1994. These financial statements are the responsibility of the
Corporation's management. Our responsibility is to express an opinion on
these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all
material respects, the financial position of the Corporation as of
December 31, 1994, and the results of its operations and its cash flows for
the two years in the period ended December 31, 1994 in conformity with
generally accepted accounting principles.
Deloitte & Touche LLP
Detroit, Michigan
March 10, 1995
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this amendment to this
report to be signed on its behalf by the undersigned, thereunto duly authorized.
DATA SYSTEMS NETWORK CORPORATION
By: /S/ Michael W. Grieves
Michael W. Grieves
President and Chief Executive Officer
Dated March 12, 1997
