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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 20, 1999
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e-Net, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 000-20865 52-1929282
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
12800 Middlebrook Road, Germantown, MD 20874
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (301) 601-8700
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Not applicable
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(Former name or former address, if changed since last report.)
The Exhibit Index appears on sequentially numbered page 4
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ITEM 5. OTHER EVENTS.
Attached as Exhibit 99.1 is a press release issued by e-Net, Inc.
dated December 20, 1999, which is hereby incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Press release dated December 21, 1999
2.
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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 hereunto duly authorized.
Date: December 22, 1999
e-Net, Inc.
By: /s/ DONALD J. SHOFF
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Donald J. Shoff
Vice President of Finance and
Chief Accounting Officer
3.
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EXHIBIT INDEX
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Exhibit
Number Description
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99.1 Press release dated December 21, 1999
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4.
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Exhibit 99.1
BROADWING INC. COMPLETES $10.8 MILLION-PLUS EQUITY INVESTMENT IN
E-NET, INC.
E-NET SAYS THE INVESTMENT IMPROVES ITS ABILITY TO EXECUTE ZEROPLUS.COM'S
BUSINESS PLAN
GERMANTOWN, MD - December 21, 1999 - e-Net, Inc. (NASDAQ: ETEL) - a leader in
revolutionizing the way consumers and businesses use the Internet to place and
receive telephone calls - announced that, as of yesterday Broadwing Inc. (NYSE:
BRW) has completed its planned equity investment in e-Net, Inc. and by acquiring
18.26 percent of e-Net's issued and outstanding shares for approximately $10.8
million.
Broadwing made this investment pursuant to an agreement under which Broadwing
will also provide access to its Gemini2000 network for e-Net's ZeroPlus.com
products, as well as network support, co-location space and joint marketing and
sales support. e-Net will provide software and installation support, long
distance routing capability on an IP data network, as well as technology and
customer support. ZeroPlus.com, e-Net's wholly owned subsidiary, currently
offers a variety of fee-based value-added services and features.
"With Broadwing as a business partner, e-Net now plans to be able to take full
advantage of the Internet telephone market which is rapidly heating up and is
expected to be explosive in its growth," said Robert A. Veschi, President and
CEO of e-Net, Inc. "With this infusion of confidence and resources, we hope to
more fully realize the potential of ZeroPlus.com and our plans to be a premier
provider of next generation Internet telephone services."
"The Internet is changing the way we communicate and do business. Broadwing is
committed to providing our customers with the next-generation of Internet and
data solutions that we anticipate will give them strategic advantages," said
Richard Ellenberger, President and CEO of Broadwing, Inc. "We believe the
partnership between Broadwing and e-Net will help us meet this commitment and
become market leaders in this rapidly changing arena.
--ABOUT E-NET AND ZEROPLUS.COM--
ABOUT E-NET
e-Net, Inc. is a recognized leader in developing hardware and software
technology that allows voice to be transmitted over data networks, including the
Internet, IP, ATM, or Frame Relay. The company's wholly owned subsidiary,
ZeroPlus.com, provides consumers with their own permanent Internet telephone
number and specialized software that enables them to place and receive phone
calls anytime, anywhere via their computers--completely free of charge. The
revolutionary aspect of this service is that domestic Internet calls are made by
dialing "0" plus a 10-digit number and international calls by dialing "00" plus
the number, very similar to the way people make calls on a traditional phone
network. To begin using this new service, consumers first register on-line at
WWW.ZEROPLUS.COM, select their permanent Internet phone number and download
e-Net's free software. With three simple steps, consumers can place and receive
free calls over the Internet, PC to PC. The new, free instant messaging
capabilities expand the ZeroPlus.com portfolio of services, which also includes
call hold, caller ID and speed dial at no charge. ZeroPlus.com also can deliver
free phone calls that travel "off" the Internet to 800, 888, and 877 numbers
across the nation and around the world.
-- ABOUT BROADWING --
Broadwing Inc. is an integrated communications provider delivering voice, data,
and Internet solutions to a variety of customers nationwide. Focused on customer
service combined with a premier next-generation fiber
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network and award-winning IP backbone, Broadwing's reliable high-bandwidth data
and Internet capabilities give businesses a competitive advantage. Headquartered
in Cincinnati, Ohio with 5,500 employees in 38 cities, Broadwing can be found on
the World Wide Web at broadwing.com.
Certain statements made herein that are not historical are forward-looking
within the meaning of the Private Securities Litigation reform Act of 1995. The
words "estimate," "project," "intend," "expect," "believe," and similar
expressions are intended to identify forward-looking statements. These
forward-looking statements involve known and unknown risks and uncertainties.
For additional information regarding these and other risks and uncertainties
associated with the Company's business, reference is made to the Company's
reports filed from time to time with the Securities and Exchange Commission.
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MEDIA CONTACT: INVESTOR RELATIONS:
John Dinsmore Doug Poretz
Feldman Communications The Poretz Group
410-571-8900 (tel) 703-506-1778 (tel)
[email protected] [email protected]
WWW.FELDMANCOMMUNICATIONS.COM www.Poretz.com
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