Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

MOR-1

CASE NAME:	Southern Investors Service Company, Inc.	PETITION DATE:	April 8 , 2005
CASE NUMBER:	05-35538-H4-11	DISTRICT OF TEXAS:	Southern
PROPOSED PLAN DATE:	5/16/2005	DIVISION:	Houston

MONTHLY OPERATING REPORT SUMMARY FOR MONTH														AUGUST			2005
MONTH	April			May			June			July
REVENUES (MOR-6)	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
INCOME BEFORE INT; DEPREC./TAX (MOR-6)	$	(733.00	)	$	(31,113.13	)	$	(16,661.49	)	$	(18,073.65	)	$	(29,615.78	)	$	0.00
NET INCOME (LOSS) (MOR-6)	$	3,286.83		$	(28,568.72	)	$	(22,793.11	)	$	(25,644.07	)	$	(27,581.88	)	$	0.00
PAYMENTS TO INSIDERS (MOR-9)	$	0.00		$	100.00		$	2,733.00		$	1,000.00		$	1,100.00		$	0.00
PAYMENTS TO PROFESSIONALS (MOR-9)	$	0.00		$	0.00		$	4,343.67		$	0.00		$	5,308.28		$	0.00
TOTAL DISBURSEMENTS (MOR-8)	$	0.00		$	1,813.90		$	17,070.70		$	12,907.48		$	8,843.17		$	0.00

***The original of this document must be filed with the United States Bankruptcy Court and a copy must be sent to the United States Trustee***

REQUIRED INSURANCE MAINTAINED AS OF SIGNATURE DATE		EXP. DATE
CASUALTY	YES ( x ) NO ( )	2-01-2006
LIABILITY	YES ( x ) NO ( )	2-01-2006
VEHICLE	YES ( x ) NO ( )	2-01-2006
WORKER’S	YES ( ) NO ( x )	-    -
OTHER	YES ( x ) NO ( )	3-15-2006

ATTORNEY NAME:	Gary C. Miller
FIRM NAME:	Andrews Kurth LLP
ADDRESS:	600 Travis
	Suite 4200
CITY, STATE, ZIP:	Houston,Texas 77002
TELEPHONE/FAX:	Ph 713-2204200 Fax 713-220-4285

	CIRCLE ONE
Are all accounts receivable being collected within terms?	No
Are all post-petition liabilities, including taxes, being paid within terms?	Yes
Have any pre-petition liabilities been paid?	No
If so, describe
Are all funds received being deposited into DIP bank accounts?	Yes
Were any assets disposed of outside the normal course of business?	No
If so, describe
Are all U.S. Trustee Quarterly Fee Payments current?	Yes
What is the status of your Plan of Reorganization?

The Debtor filed its First Amended Plan of Distribution on July 7, 2005.

A confirmation hearing on the Debtor’s First Amended Plan of Distribution is scheduled for October 13, 2005

I certify under penalty of perjury that the following complete Monthly Operating Report (MOR), consisting of MOR-1 through MOR-9 plus attachments, is true and correct.

SIGNED X	/s/ Eric Schumann	Senior Vice-President
	(ORIGINAL SIGNATURE)
	/s/ Eric Schumann		9/19/2005
	(PRINT NAME OF SIGNATORY)		DATE

MOR-1 Revised 07/01/98

CASE NAME:	Southern Investors Service Company, Inc.
CASE NUMBER:	05-35538-H4-11

COMPARATIVE BALANCE SHEETS

ASSETS	FILING DATE 4/8/2005 0:00		MONTH April		MONTH May		MONTH June		MONTH July		MONTH August		MONTH
CURRENT ASSETS
Cash	$	1,987,139.56	$	1,993,290.29	$	1,996,539.97	$	1,983,877.27	$	1,975,666.38	$	1,972,255.52
Accounts Receivable, Net	$	32,328.76	$	30,197.86	$	29,492.59	$	28,947.00	$	28,587.47	$	27,723.95
Inventory: Lower of Cost or Market
Prepaid Expenses
Investments	$	703,000.00	$	703,000.00	$	703,000.00	$	703,000.00	$	703,000.00	$	703,000.00
Other
TOTAL CURRENT ASSETS	$	2,722,468.32	$	2,726,488.15	$	2,729,032.56	$	2,715,824.27	$	2,707,253.85	$	2,702,979.47	$	0.00
PROPERTY, PLANT & EQUIP. @ COST
Less Accumulated Depreciation
NET BOOK VALUE OF PP & E	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
OTHER ASSETS
1. Tax Deposits
2. Investments in Subsidiaries
3. Electric Deposit
4.
TOTAL ASSETS	$	2,722,468.32	$	2,726,488.15	$	2,729,032.56	$	2,715,824.27	$	2,707,253.85	$	2,702,979.47	$	0.00

MOR-2 Revised 07/01/98

CASE NAME:	Southern Investors Service Company,Inc.
CASE NUMBER:	05-35538-H4-11

COMPARATIVE BALANCE SHEETS

LIABILITIES & OWNER’S EQUITY	FILING DATE 4/8/2005			MONTH April			MONTH May *			MONTH June			MONTH July			MONTH August			MONTH
LIABILITIES
POST-PETITION LIABILITIES(MOR-4)				$	733.00		$	31,846.13		$	41,430.95		$	58,504.60		$	81,812.10
PRE-PETITION LIABILITIES
Notes Payable - Secured
Priority Debt	$	1,706.04		$	1,706.04		$	1,706.04		$	1,706.04		$	1,706.04		$	1,706.04
Federal Income Tax
FICA/Withholding
Unsecured Debt	$	8,634,350.43		$	8,634,350.43		$	8,634,350.43		$	8,634,350.43		$	8,634,350.43		$	8,634,350.43
Other
TOTAL PRE-PETITION LIABILITIES	$	8,636,056.47		$	8,636,056.47		$	8,636,056.47		$	8,636,056.47		$	8,636,056.47		$	8,636,056.47		$	0.00
TOTAL LIABILITIES	$	8,636,056.47		$	8,636,789.47		$	8,667,902.60		$	8,677,487.42		$	8,694,561.07		$	8,717,868.57		$	0.00
OWNER’S EQUITY (DEFICIT)
PREFERRED STOCK
COMMON STOCK	$	3,281,331.00		$	3,281,331.00		$	3,281,331.00		$	3,281,331.00		$	3,281,331.00		$	3,281,331.00
ADDITIONAL PAID-IN CAPITAL	$	2,905,072.00		$	2,905,072.00		$	2,905,072.00		$	2,905,072.00		$	2,905,072.00		$	2,905,072.00
RETAINED EARNINGS: Filing Date	$	(12,099,991.15	)	$	(12,099,991.15	)	$	(12,099,991.15	)	$	(12,099,991.15	)	$	(12,099,991.15	)	$	(12,099,991.15	)
RETAINED EARNINGS: Post Filing Date				$	3,286.83		$	(25,281.89	)	$	(48,075.00	)	$	(73,719.07	)	$	(101,300.95	)
TOTAL OWNER’S EQUITY (NET WORTH)	$	(5,913,588.15	)	$	(5,910,301.32	)	$	(5,938,870.04	)	$	(5,961,663.15	)	$	(5,987,307.22	)	$	(6,014,889.10	)	$	0.00
TOTAL LIABILITIES & OWNERS EQUITY	$	2,722,468.32		$	2,726,488.15		$	2,729,032.56		$	2,715,824.27		$	2,707,253.85		$	2,702,979.47		$	0.00

MOR- 3 Revised 07/01/98

* Note that the postpetition liablities for May have been reduced by $4,012.50 to reflect a recent adjustment of the invoice of Andrews Kurth LLP

CASE NAME:	Southern Investors Service Company, Inc.
CASE NUMBER:	05-35538-H4-11

SCHEDULE OF POST-PETITION LIABILITIES

	MONTH April		MONTH May		MONTH June		MONTH July		MONTH August		MONTH
TRADE ACCOUNTS PAYABLE
TAX PAYABLE
Federal Payroll Taxes
State Payroll Taxes
Ad Valorem Taxes
Other Taxes
TOTAL TAXES PAYABLE		0.00		0.00		0.00		0.00		0.00		0.00
SECURED DEBT POST-PETITION
ACCRUED INTEREST PAYABLE
ACCRUED PROFESSIONAL FEES*				30,113.13		41,430.95		58,504.60		81,812.10
OTHER ACCRUED LIABILITIES
1. Management Fee		733.00		1,733.00		0.00
2.
3.
TOTAL POST-PETITION LIABILITIES (MOR-3)	$	733.00	$	31,846.13	$	41,430.95	$	58,504.60	$	81,812.10	$	0.00
*Payment requires Court Approval				*

* Note that the professional fees for May have been reduced by $4,012.50 to reflect a recent adjustment of the invoice of Andrews Kurth LLP

MOR-4 Revised

CASE NAME:	Southern Investors Service Company, Inc.
CASE NUMBER:	05-35538-H4-11

AGING OF POST-PETITION LIABILITIES

MONTH August

DAYS	TOTAL		TRADE ACCOUNTS		FEDERAL TAXES		STATE TAXES		AD VALOREM, OTHER TAXES		MONTH
0-30		23,307.50		23,307.50
31-60		17,073.65		17,073.65
61-90		11,317.82		11,317.82
91+		30,113.13		30,113.13
TOTAL	$	81,812.10	$	81,812.10	$	0.00	$	0.00	$	0.00	$	0.00
AGING OF ACCOUNTS RECEIVABLE
MONTH
0-30 DAYS
31-60 DAYS
61-90 DAYS
91+ DAYS
TOTAL	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

MOR- 5 Revised 07/01/98

* Note that the postpetition liablities for May have been reduced by $4,012.50 to reflect a recent adjustment of the invoice of Andrews Kurth LLP.

CASE NAME:	Southern Investors Service Company, Inc.
CASE NUMBER:	05-35538-H4-11

STATEMENT OF INCOME (LOSS)

	MONTH April			MONTH May			MONTH June			MONTH July			MONTH August			MONTH		FILING TO DATE
REVENUES (MOR-1)																		$	0.00
TOTAL COST OF REVENUES																		$	0.00
GROSS PROFIT	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00	$	0.00
OPERATING EXPENSES:
Selling & Marketing																		$	0.00
General & Administrative																		$	0.00
Insiders Compensation (Management Fee)	$	733.00		$	1,000.00		$	1,000.00		$	1,000.00		$	1,000.00				$	4,733.00
Professional Fees				$	30,113.13		$	15,661.49		$	17,073.65		$	28,615.78				$	91,464.05
Other																		$	0.00
Other																		$	0.00
TOTAL OPERATING EXPENSES	$	733.00		$	31,113.13		$	16,661.49		$	18,073.65		$	29,615.78		$	0.00	$	96,197.05
INCOME BEFORE INT, DEPR/TAX (MOR-1)	$	(733.00	)	$	(31,113.13	)	$	(16,661.49	)	$	(18,073.65	)	$	(29,615.78	)	$	0.00	$	(96,197.05	)
INTEREST EXPENSE																		$	0.00
DEPRECIATION																		$	0.00
OTHER (INCOME) EXPENSE*	$	(4,019.83	)	$	(2,544.41	)	$	6,131.62		$	7,570.42		$	(2,033.90	)			$	5,103.90
OTHER ITEMS**																		$	0.00
TOTAL INT, DEPR & OTHER ITEMS	$	(4,019.83	)	$	(2,544.41	)	$	6,131.62		$	7,570.42		$	(2,033.90	)	$	0.00	$	5,103.90
NET INCOME BEFORE TAXES	$	3,286.83		$	(28,568.72	)	$	(22,793.11	)	$	(25,644.07	)	$	(27,581.88	)	$	0.00	$	(101,300.95	)
FEDERAL INCOME TAXES																		$	0.00
NET INCOME (LOSS) (MOR-1)	$	3,286.83		$	(28,568.72	)	$	(22,793.11	)	$	(25,644.07	)	$	(27,581.88	)	$	0.00	$	(101,300.95	)

Accrual Accounting Required, Otherwise Footnote with Explanation.

* Footnote Mandatory.

** Unusual and/or infrequent item(s) outside the ordinary course of business requires footnote.

MOR- 6 Revised 07/01/98

* Note that the postpetition liablities for May have been reduced by $4,012.50 to reflect a recent adjustment of the invoice of Andrews Kurth LLP.

Southern Investors Service Company, Inc.

Other Income & Expense

Attachment to MOR 6

	April			May			June		July		August
Interest Income	$	3,985.83		$	3,852.79		$	3,852.41	$	3,972.30	$	4,379.18
Fee Income	$	25.00		$	15.00		$	10.00	$	—	$	5.00
Void Check	$	9.00		$	—		$	—	$	—	$	—
Royalties	$	—		$	490.52		$	—	$	364.76	$	184.61
Other Income	$	4,019.83		$	4,358.31		$	3,862.41	$	4,337.06	$	4,568.79
Securities & Exchange Reporting	$	—		$	1,210.93		$	9,195.09	$	10,090.93	$	1,793.34
Repairs Maintence	$	—		$	100.00		$	—	$	—	$	—
General Administrative	$	—		$	484.76		$	798.94	$	1,566.55	$	491.55
US Trustee Fees									$	250.00	$	250.00
Other	$	—		$	18.21		$	—	$	—	$	—
Other Disbursements	$	—		$	1,813.90		$	9,994.03	$	11,907.48	$	2,534.89
Other (Income) Expense	$	(4,019.83	)	$	(2,544.41	)	$	6,131.62	$	7,570.42	$	(2,033.90	)

CASE NAME:	Southern Investors Service Company, Inc.
CASE NUMBER:	05-35538-H4-11

CASH RECEIPTS AND DISBURSEMENTS	MONTH April		MONTH May		MONTH June			MONTH July			MONTH August			MONTH		FILING TO DATE
1. CASH-BEGINNING OF MONTH	$	1,987,139.56	$	1,993,290.29	$	1,996,539.97		$	1,983,877.27		$	1,975,666.38				$	1,987,139.56
RECEIPTS:
2. CASH SALES																$	0.00
3. COLLECTION OF ACCOUNTS RECEIVABLE																$	0.00
4. LOANS & ADVANCES (attach list)	$	2,130.90	$	705.27	$	545.59		$	359.53		$	863.52				$	4,604.81
5. SALE OF ASSETS																$	0.00
6. OTHER (attach list)	$	4,019.83	$	4,358.31	$	3,862.41		$	4,337.06		$	4,568.79				$	21,146.40
TOTAL RECEIPTS**	$	6,150.73	$	5,063.58	$	4,408.00		$	4,696.59		$	5,432.31				$	25,751.21
(Withdrawal) Contribution by Individual Debtor MFR-2*																$	0.00
DISBURSEMENTS:
7. NET PAYROLL																$	0.00
8. PAYROLL TAXES PAID																$	0.00
9. SALES, USE & OTHER TAXES PAID																$	0.00
10. SECURED/RENTAL/LEASES																$	0.00
11. UTILITIES & TELEPHONE																$	0.00
12. INSURANCE																$	0.00
13. INVENTORY PURCHASES																$	0.00
14. VEHICLE EXPENSES																$	0.00
15. TRAVEL & ENTERTAINMENT																$	0.00
16. REPAIRS, MAINTENANCE & SUPPLIES			$	100.00							$	100.00				$	200.00
17. ADMINISTRATIVE & SELLING			$	484.76	$	798.94		$	1,566.55		$	391.55				$	3,241.80
18. OTHER (attach list)			$	1,229.14	$	11,928.09		$	11,090.93		$	2,793.34				$	27,041.50
TOTAL DISBURSEMENTS FROM OPERATIONS	$	0.00	$	1,813.90	$	12,727.03		$	12,657.48		$	3,284.89		$	0.00	$	30,483.30
19. PROFESSIONAL FEES					$	4,343.67					$	5,308.28				$	9,651.95
20. U.S. TRUSTEE FEES								$	250.00		$	250.00				$	500.00
21. OTHER REORGANIZATION EXPENSES (attach list)																$	0.00
TOTAL DISBURSEMENTS**	$	0.00	$	1,813.90	$	17,070.70		$	12,907.48		$	8,843.17		$	0.00	$	40,635.25
22. NET CASH FLOW	$	6,150.73	$	3,249.68	$	(12,662.70	)	$	(8,210.89	)	$	(3,410.86	)	$	0.00	$	(14,884.04	)
23. CASH - END OF MONTH (MOR-2)	$	1,993,290.29	$	1,996,539.97	$	1,983,877.27		$	1,975,666.38		$	1,972,255.52		$	0.00	$	1,972,255.52

* Applies to Individual debtors only

** Numbers for the current month should balance (match) RECEIPTS and CHECKS/OTHER DISBURSEMENTS lines on MOR-8

MOR-7 Revised 07/01/98

Southern Investors Service Company, Inc.

Notes Receivable Analysis August, 2005

Attachment to MOR 7

Note No.	Name of Payee	Note Maturity	Int Rate		Monthly Payment		Balance 31-Jul-05		Interest		Principal		Late Fee		Total Payment		Balance 31-Aug-05
1275	SULLIVAN, JANET S	1-Apr-06	9.50	%	$	82.82	$	890.14	$	—	$	—	$	—	$	—	$	890.14
N/A	GOSSIEN, FRED	10-Oct-09	8.25	%	$	78.50	$	3,369.56	$	23.17	$	55.33	$	—	$	78.50	$	3,314.23
1287	HURT, PAUL & RENEE	1-Oct-08	8.50	%	$	138.86	$	4,800.96	$	34.01	$	104.85	$	2.50	$	141.36	$	4,696.11
N/A	LEROY, STEPHEN & APRIL	15-Oct-09	8.00	%	$	48.53	$	2,060.41	$	27.48	$	69.58	$	—	$	97.06	$	1,990.83
N/A	SULLIVAN, JR	1-Sep-09	8.25	%	$	157.00	$	7,024.13	$	234.00	$	563.50	$	2.50	$	800.00	$	6,460.63
N/A	SULLIVAN, JANET	1-Mar-10	8.00	%	$	61.88	$	2,841.40	$	—	$	—	$	—	$	—	$	2,841.40
1289	THOMPSON, ELIZABETH	25-Feb-09	8.50	%	$	49.59	$	1,833.58	$	12.99	$	36.60	$	—	$	49.59	$	1,796.98
N/A	THOMPSON, ELIZABETH	1-Mar-10	8.00	%	$	48.52	$	2,229.31	$	14.86	$	33.66	$	—	$	48.52	$	2,195.65
1288	WHITE, SCOTT R	1-Feb-09	8.50	%	$	79.35	$	3,537.98	$	—	$	—	$	—	$	—	$	3,537.98
							$	28,587.47	$	346.51	$	863.52	$	5.00	$	1,215.03	$	27,723.95

Southern Investors Service Company, Inc.

Attachment to MOR 7

Receipts	April		May		June		July		August
Royalities	$	0.00	$	490.52	$	0.00	$	364.76	$	184.61
Interest Earned	$	3,985.83	$	3,852.79	$	3,852.41	$	3,972.30	$	4,379.18
Fee Income	$	25.00	$	15.00	$	10.00	$	0.00	$	5.00
Voided Check	$	9.00	$	0.00	$	0.00	$	0.00	$	0.00
	$	4,019.83	$	4,358.31	$	3,862.41	$	4,337.06	$	4,568.79
Disbursements	April		May		June		July		August
Securities & Exchange Reporting	$	0.00	$	1,210.93	$	9,195.09	$	10,090.93	$	1,793.34
Other	$	0.00	$	18.21	$	0.00	$	0.00	$	0.00
Management Fees	$	0.00	$	0.00	$	2,733.00	$	1,000.00	$	1,000.00
	$	0.00	$	1,229.14	$	11,928.09	$	11,090.93	$	2,793.34

CASE NAME:	Southern Investors Service Company, Inc.
CASE NUMBER:	05-35538-H4-11

CASH ACCOUNT RECONCILIATION

MONTH OF August

BANK NAME		Amegy		Amegy
ACCOUNT NUMBER		#515737756		#51573705
ACCOUNT TYPE	OPERATING		MONEY MARKET		OTHER FUNDS		MONEY MARKET		MONEY MARKET		MONEY MARKET		TOTAL
BANK BALANCE	$	20,048.30	$	1,952,207.22	$	0.00	$	0.00	$	0.00	$	0.00	$	1,972,255.52
DEPOSITS IN TRANSIT	$	0.00											$	0.00
OUTSTANDING CHECKS	$	0.00											$	0.00
ADJUSTED BANK BALANCE	$	20,048.30	$	1,952,207.22	$	0.00	$	0.00					$	1,972,255.52
BEGINNING CASH - PER BOOKS	$	27,491.83	$	1,948,174.55	$	0.00			$	0.00	$	0.00	$	1,975,666.38
RECEIPTS*	$	1,399.64	$	4,032.67			$	0.00	$	0.00	$	0.00	$	5,432.31
TRANSFERS BETWEEN ACCOUNTS	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(WITHDRAWAL) OR INDIVIDUAL CONTRIBUTION BY DEBTOR MFR-2													$	0.00
CHECKS/OTHER DISBURSEMENTS*	$	8,843.17											$	8,843.17
ENDING CASH - PER BOOKS	$	20,048.30	$	1,952,207.22	$	0.00	$	0.00	$	0.00	$	0.00	$	1,972,255.52

MOR-8 Revised 07/01/98

* Numbers should balance (match) TOTAL RECEIPTS and TOTAL DISBURSEMENTS lines on MOR-7

CASE NAME:	Southern Investors Service Company, Inc.
CASE NUMBER:	05-35538-H4-11

PAYMENTS TO INSIDERS AND PROFESSIONALS

Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.

Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).

INSIDERS: NAME/COMP TYPE	MONTH April		MONTH May		MONTH June		MONTH July		MONTH August		MONTH
1. PMW, Inc (Paula Mischer) Mowing				100.00						100.00
2. Mischer Investments, L.P. Management Fee						2,733.00		1,000.00		1,000.00
3.
4.
5.
6.
TOTAL INSIDERS (MOR-1)	$	0.00	$	100.00	$	2,733.00	$	1,000.00	$	1,100.00	$	0.00
PROFESSIONALS	MONTH April		MONTH May		MONTH June		MONTH July		MONTH August		MONTH
1. Weinstein Spira & Company*						3,000.00
2. Mayor Brown Rowe & Maw*						337.50				4,970.78
3. Joel Bryant*						406.17				337.50
4. Sharon Erskine CPA*						600.00
5.
6.
TOTAL PROFESSIONALS (MOR-1)	$	0.00	$	0.00	$	4,343.67	$	0.00	$	5,308.28	$	0.00

MOR-9 Revised 07/01/98

* Note that payments to these Ordinary Course Professionals in June was inadvertantly left out of the June MOR.