FORM 10-QSB/A
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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[X] AMENDMENT TO QUARTERLY REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
for the quarterly period ended March 31, 1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
for the transition period from _____ to _____
Commission File Number 0-25896
TEL-COM WIRELESS CABLE TV CORPORATION
(Exact name of registrant as specified in its charter)
Florida 59-3175814
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
501 N. Grandview Avenue, Suite 201 32118
Daytona Beach, Florida (Zip Code)
(Address of principal executive offices)
904-226-9977
(Registrant's telephone number, including area code)
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 and Exchange Act
of 1934 during the preceding 12 months (or 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[X] NO[ ]
On March 31, 1996, there were 1,996,212 Shares of Common Stock, $.001
par value per Share outstanding.
Transitional Small Business Disclosure Format YES [ ] NO [X]
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This Report amends the Quarterly Report on Form 10-QSB dated April 15,
1996 for the quarterly period ended March 31, 1996.
PART I FINANCIAL INFORMATION
This Report amends and restates that portion of Note 4 to the
Consolidated Financial Statements for the three months ended March 31, 1996,
which is captioned LICENSES, as follows:
Note 4 COMMITMENTS
LICENSES.
During 1993, the Company entered into agreements for the lease
and purchase of certain channel licenses and for the lease and
purchase of transmitting equipment and tower site usage in
LaCrosse, Wisconsin.
Pursuant to the agreements, the Company has incurred $366,535
of costs related to the channel licenses. The cost of the
channel licenses is amortized on a straight-line basis over 40
years beginning when the Company commenced operations. The
Company has satisfied its lease requirements to the lessors
and the lessors transferred ownership of the licenses and
assigned the tower rights to the Company for $100. The
transfer of ownership of the licenses was subject to approval
by the Federal Communications Commission (FCC). On March 4,
1996, the FCC approved the transfer of ownership of the
licenses to the Company. The leases terminated upon the FCC's
approval of the transfers. An officer of the Company had a
minority interest (less than 1%) in the entity leasing the
licenses to the Company.
PART II OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K.
Exhibits and disclosure of Reports on Form 8-K were
inadvertently omitted from the prior report and are set forth
below:
(a) EXHIBITS. See Index to Exhibits for a list of those
Exhibits filed as part of this Report.
(b) REPORTS ON FORM 8-K. During the quarter ended March 31,
1996, Tel-Com Wireless Cable TV Corporation (the "Company")
filed a Current Report on Form 8-K dated February 12, 1996, to
report the acquisition of two Costa Rican companies under Item
2 - ACQUISITION OR DISPOSITION OF ASSETS. The Current Report
was amended by an Amendment to Current Report on Form 8-K/A
dated February 23, 1996, to report amendments to the
agreements for the acquisition of the two companies and the
closing of the acquisitions under Item 2 - ACQUISITION OR
DISPOSITION OF ASSETS. Financial statements were filed
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with Amendment No. 2 to Current Report on Form 8-K/A dated May
20, 1996.
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
TEL-COM WIRELESS CABLE TV CORPORATION
Date May 31, 1996 By:/s/ Fernand L. Duquette
Fernand L. Duquette, President and
Principal Financial Officer
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INDEX TO EXHIBITS
EXHIBIT 2 PLANS OF ACQUISITION
2.1 Agreement for Purchase and Sale of Stock dated February 7,
1996, among the Company and Televisora Canal Diecinueve, S.A.,
and Melvin Rosen, was filed as Exhibit 2.1 to the Current
Report on Form 8-K dated February 12, 1996, and is
incorporated herein by reference.
2.2 Amended and Restated Agreement for Purchase and Sale of Stock
dated February 22, 1996, among the Company and Televisora
Canal Diecinueve, S.A., and Melvin Rosen, was filed as Exhibit
2.1 to Amendment to Current Report on Form 8-K/A dated
February 23, 1996, and is incorporated herein by reference.
2.3 Agreement for Purchase and Sale of Stock dated February 7,
1996, among the Company and Grupo Masteri, S.A., and Melvin
Rosen, was filed as Exhibit 2.2 to the Current Report on Form
8-K dated February 12, 1996, and is incorporated herein by
reference.
2.4 Amended and Restated Agreement for Purchase and Sale of Stock
dated February 22, 1996, among the Company and Grupo Masteri,
S.A., and Melvin Rosen was filed as Exhibit 2.2 to the
Amendment to Current Report Form 8-K/A dated February 23,
1996, and is incorporated herein by reference.
