<PAGE>   1






                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-Q/A


(Mark One)
[x]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended                 June 30, 1996
                              -----------------------------------------------

                                       OR

[  ]     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:                   0-13113
                                 ----------------------------------------

                      Newman Communications Corporation
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


          New Mexico                                       85-0291974           
-------------------------------             ------------------------------------
(State or Other Jurisdiction of             (I.R.S. Employer Identification No.)
Incorporation or Organization)                   


                  211 West Wall Street, Midland, Texas 79701
--------------------------------------------------------------------------------
(Address of Principal Executive Officers)                             (Zip Code)


Registrant's Telephone Number, Including Area Code:       (915) 682-1761
                                                   -----------------------------

                                     N/A
--------------------------------------------------------------------------------
Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report

         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     X     No  
                                                              ---        ---

         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 a court.
                                                       Yes     X     No  
                                                              ---        ---

         As of August 13, 1996, the registrant had 2,552,064 shares of its
common stock, no par value, outstanding.
<PAGE>   2
                       NEWMAN COMMUNICATIONS CORPORATION

                                     INDEX


<TABLE>
<CAPTION>
PART I.   FINANCIAL INFORMATION                                                                       PAGE NO.
                                                                                                      --------
<S>                                                                                                      <C>
     Item 1.     Financial Statements - (Unaudited)

                 Balance Sheet --  June 30, 1996 and December 31, 1995  . . . . . . . . . . . .          3
                 Statements of Operations -- Quarters ended June 30, 1996
                          and June 30, 1995 . . . . . . . . . . . . . . . . . . . . . . . . . .          4
                 Statements of Operations - Six months ended June 30, 1996
                          and June 30, 1995 . . . . . . . . . . . . . . . . . . . . . . . . . .          5
                 Statements of Cash Flows -- Six months ended June 30, 1996
                          and June 30, 1995 . . . . . . . . . . . . . . . . . . . . . . . . . .          6

     Item 2.     Management's Discussion and Analysis of
                 Financial Condition and Results of Operations  . . . . . . . . . . . . . . . .          7


PART II.   OTHER INFORMATION

     Item 5.     Other Information  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          8

     Item 6.     Exhibits and Reports on Form 8-K . . . . . . . . . . . . . . . . . . . . . . .          8


SIGNATURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          9
</TABLE>





                                      -2-
<PAGE>   3
ITEM 1.  FINANCIAL STATEMENTS - (UNAUDITED)

                       Newman Communications Corporation
                         (A Development Stage Company)
                                 Balance Sheet
                      June 30, 1996 and December 31, 1995

                                     ASSETS

<TABLE>
<CAPTION>
                                                                          June 30,              December 31,
                                                                           1996                     1995      
                                                                        -----------             ------------
<S>                                                                     <C>                     <C>
CURRENT ASSETS

   Cash                                                                 $     5,676             $    12,854
                                                                        -----------             -----------

       TOTAL ASSETS                                                     $     5,676             $    12,854
                                                                        ===========             ===========



                                           LIABILITIES AND SHAREHOLDERS' EQUITY
                                           ------------------------------------

CURRENT LIABILITIES

   Accrued liabilities                                                  $     6,034             $       -0-
                                                                        -----------             -----------

       Total Liabilities                                                $     6,034                     -0-
                                                                        ===========             ===========


SHAREHOLDERS' EQUITY

   Preferred stock, no par value, authorized
       2,000,000 shares, 0 issued and outstanding                               -0-                     -0-

   Common stock, no par value, authorized
       8,000,000 shares, 858,500 issued and
       outstanding at June 30, 1996 and
       at December 31, 1995                                               1,409,193               1,409,193


   Common stock warrants                                                     11,406                  11,406

Retained earnings (deficit)                                              (1,392,275)             (1,392,275)

   Deficit accumulated during the
       developmental stage (since November 23,
       1993, reorganization)                                                (28,682)                (15,470)
                                                                        -----------             -----------

       Total Shareholders' Equity (loss)                                      (358)                  12,854
                                                                        -----------             -----------

       TOTAL LIABILITIES AND
          SHAREHOLDERS' EQUITY                                          $     5,676             $    12,854
                                                                        ===========             ===========
</TABLE>





                                      -3-
<PAGE>   4
                       Newman Communications Corporation
                         (A Development Stage Company)
                            Statements of Operations
             For the Quarters Ended June 30, 1996 and June 30, 1995

<TABLE>
<CAPTION>
                                                                                              For the Period
                                                                                             November 23, 1993
                                                                                                 (Date of
                                                                                              Reorganization)
                                                       June 30,            June 30,          through June 30,
                                                         1996               1995                    1996        
                                                    ------------        ------------         -----------------
<S>                                                 <C>                 <C>                    <C>
REVENUE                                             $         --        $         --           $         --
                                                    ------------        ------------           ------------

       Total Revenue                                          --                  --                     --
                                                    ------------        ------------           ------------


EXPENSES

   Professional fees                                          --                 201                 24,722
   Regulatory expense                                        125                  --                  1,050
   Advertising and marketing                                  --                  --                    940
   Miscellaneous expense                                      --                  --                    912
   Office supplies                                           873                  --                  1,058
                                                    ------------        ------------           ------------

       Total Expenses                                        998                 201                 28,682
                                                    ------------        ------------           ------------

Net income (loss) before taxes                              (998)               (201)               (28,682)

Provision for income taxes                                    --                  --                     --
                                                    ------------        ------------           ------------


NET INCOME (LOSS)                                   $       (998)       $       (201)          $    (28,682)
                                                    ============        ============           ============ 

PRIMARY EARNINGS PER COMMON SHARES

Net Earnings (loss)                                          NIL                 NIL                   (.05)
                                                    ============        ============           ============ 

Weighted Average common shares outstanding               858,500             834,500                598,224
                                                    ============        ============           ============ 

FULLY DILUTED EARNINGS PER COMMON SHARE

Net Earnings (loss)                                          NIL                 NIL                   (.05)
                                                    ============        ============           ============ 

Weighted Average common shares outstanding               858,500             834,500                598,224
                                                    ============        ============           ============ 
</TABLE>





                                      -4-
<PAGE>   5
                       Newman Communications Corporation
                         (A Development Stage Company)
                            Statements of Operations
            For the Six Months Ended June 30, 1996 and June 30, 1995

<TABLE>
<CAPTION>
                                                                                               For the Period
                                                                                              November 23, 1993
                                                                                                  (Date of
                                                                                               Reorganization)
                                                      June 30,            June 30,            through June 30,
                                                        1996               1995                    1996        
                                                    ------------       -------------          ----------------
<S>                                                 <C>                <C>                    <C>
REVENUE                                             $         --       $          --          $          --
                                                    ------------       -------------          -------------

       Total Revenue                                          --                  --                     --
                                                    ------------       -------------          -------------


EXPENSES

   Professional fees                                      12,214               4,451                 24,722
   Regulatory expense                                        125                 550                  1,050
   Advertising and marketing                                  --                 608                    940
   Miscellaneous expense                                      --                  35                    912
   Office supplies                                           873                  --                  1,058
                                                    ------------       -------------          -------------

       Total Expenses                                     13,212               5,644                 28,682
                                                    ------------       -------------          -------------

Net income (loss) before taxes                           (13,212)             (5,644)               (28,682)

Provision for income taxes                                    --                  --                     --
                                                    ------------       -------------          -------------


NET INCOME (LOSS)                                   $    (13,212)      $      (5,644)         $     (28,682)
                                                    ============       =============          ============= 

PRIMARY EARNINGS PER COMMON SHARES

Net Earnings (loss)                                         (.02)               (.01)                  (.05)
                                                    ============       =============          ============= 

Weighted Average common shares outstanding               858,500             834,500                598,224
                                                    ============       =============          ============= 

FULLY DILUTED EARNINGS PER COMMON SHARE

Net Earnings (loss)                                         (.02)               (.01)                  (.05)
                                                    ============       =============          ============= 

Weighted Average common shares outstanding               858,500             834,500                598,224
                                                    ============       =============          ============= 
</TABLE>





                                      -5-
<PAGE>   6
                       Newman Communications Corporation
                         (A Development Stage Company)
                            Statements of Cash Flows
            For the Six Months Ended June 30, 1996 and June 30, 1995

<TABLE>
<CAPTION>
                                                                                               For the Period
                                                                                              November 23, 1993
                                                                                                  (Date of
                                                                                               Reorganization)
                                                      June 30,           June 30,             through June 30,
                                                       1996                1995                    1996        
                                                    ------------      --------------          ----------------
<S>                                                 <C>               <C>                      <C>
Cash flows from operating activities:
   Net income (loss)                                $    (13,212)     $       (5,644)          $    (28,682)

       Increase in accrued liabilities                     6,034               2,251                  6,034
                                                    ------------      --------------           ------------

       Net cash used from
           operating activities                           (7,178)             (3,393)               (22,648)
                                                    ------------      --------------           ------------

Cash flows from investing activities                          --                  --                     --
                                                    ------------      --------------           ------------

Cash flows from financing activities:
   Warrants exercised                                         --                  --                 14,000
   Priority claims payments                                   --                  --                    (25)
                                                    ------------      --------------           ------------

       Total financing activities                             --                  --                 13,975
       Net increase (decrease) in cash                    (7,178)             (3,393)                (8,673)
       Cash at beginning of period                        12,854               6,033                 14,349
                                                    ------------      --------------           ------------

       Cash at end of period                        $      5,676      $        2,640           $      5,676
                                                    ============        ============           ============
</TABLE>





                                      -6-
<PAGE>   7
ITEM 2.          MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                      CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

         Newman Communications Corporation ("the Company") is considered to be
in the development stage as defined in Statement of Financial Accounting
Standards No. 7.  The Company has had no business operations and no material
assets since it filed a petition (the "Petition") for reorganization under
Chapter 11 of the United States Bankruptcy Code with the United States
Bankruptcy Court for the Western District of Texas (the "Court") in August
1992.  The Company's expenses were principally its audit fees and certain other
filing and administrative fees necessary to keep the Company in compliance with
its regulatory requirements.

LIQUIDITY AND CAPITAL RESOURCES

         The Company filed with the Court a Plan of Reorganization (the "Plan")
on April 14, 1993, which was confirmed on September 13, 1993.  Under the Plan,
the Company's unsecured creditors received either cash or a combination of
Common Stock and Class A, B and C Warrants.  In addition, holders of
Pre-petition Common Stock received, at their option and upon payment of a $20
administrative fee to the Company's transfer agent, a combination of Common
Stock and Class A, B and C Warrants.  A total of 332,500 shares of Common Stock
and 650,000 each of Class A, B and C Warrants were issued to unsecured
creditors and shareholders under the Plan.  In addition, LITCO, the Company's
principal shareholder, contributed $20,000 to the Company and was designated as
a separate class under the Plan.  LITCO received 1,000,000 each of Class A, B
and C Warrants.  The exercise period for the Class A and B Warrants has
expired, with the exercise period for the Class C Warrants expiring on November
22, 1996.

         During the six months ended June 30, 1996, there was no revenue or
exercise of warrants.  Certain regulatory and operational expenses were paid in
this period resulting in a loss for the period of $998.  The Company had $5,200
in cash as of June 30, 1996 and accrued liabilities of $6,034 related to
administrative expenses incurred by LITCO for the benefit of the Company.
Management is unable to estimate the number, if any, of warrants that will be
exercised in the future.





                                      -7-
<PAGE>   8
                          PART II -- OTHER INFORMATION


ITEM 5.          OTHER INFORMATION

                 On August 12, 1996, the Company entered into an Agreement and
                 Plan of Merger (the "Merger Agreement") with Index, Inc., a
                 Texas corporation ("Index").  Under the terms of the Merger
                 Agreement, each shareholder of the Company will receive
                 one-fourth (1/4) of a share of Index common stock for each
                 share of the Company's common stock subject to the merger
                 transaction.  The effectiveness of the merger transaction is
                 subject to the satisfaction of numerous contingencies.  A
                 Registration Statement on Form S-4 has been filed with the
                 Securities and Exchange Commission for the purpose of
                 registering the shares of Index common stock issuable to
                 shareholders of the Company under the Merger Agreement.  Upon
                 consummation of the transactions contemplated in the Merger
                 Agreement, the Company will become a wholly-owned subsidiary
                 of Index.

                 Subsequent to the execution of the Merger Agreement, the
                 Company issued to Halter Financial Group, Inc.  1,693,564
                 shares of the Company's common stock in exchange for the
                 payment of $1,694.00.


ITEM 6.          EXHIBITS AND REPORTS ON FORM 8-K

         (a)     Exhibits:

                 Exhibit 27 - Financial Data Schedule

         (b)     Form 8-K:

                 The Company filed no reports on Form 8-K and none were
                 required to be filed during the quarterly period ended June
                 30, 1996.





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<PAGE>   9
                                   SIGNATURE


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                              
                                      NEWMAN COMMUNICATIONS CORPORATION
                                                (Registrant)



Date:  October 3, 1996                By:          /s/ Glenn A. Little
                                          -------------------------------------
                                          Glenn A. Little, President
                                          (Duly Authorized Officer and Principal
                                          Financial and Accounting Officer)





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