2CONNECT EXPRESS INC
8-K, 1998-01-15
RADIO, TV & CONSUMER ELECTRONICS STORES
Previous: AQUA CLARA BOTTLING & DISTRIBUTION INC, SB-2, 1998-01-15
Next: MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST, 8-K, 1998-01-15



<PAGE>   1





                       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) January 6, 1998



                             2CONNECT EXPRESS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                                    FLORIDA
                        -------------------------------
                        (State or other jurisdiction of
                         incorporation or organization)



    000-22251                                                  65-0674664
- -----------------                                        ---------------------  
  (Commission                                              (I.R.S. Employer
   file number)                                            Identification No.)



1700 NW 65th Ave., Suite 4, Plantation, FL                       33313
- -------------------------------------------              ---------------------
(Address of principal executive offices)                        (Zip Code)


Registrant's telephone number, including area code           (954) 797-7960
                                                         ---------------------


                                 NOT APPLICABLE
              ----------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)
<PAGE>   2




ITEM 3. BANKRUPTCY OR RECEIVERSHIP

On January 12, 1998, 2Connect Express, Inc. filed a petition in the United
States Bankruptcy Court for the Southern District of Florida, Case No.
98-20169-BKC-RBR, assigned to Judge Raymond B. Ray, seeking reorganization
under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code").
2Connect Express, Inc. is operating its business as a debtor-in-possession
pursuant to the provisions of section 1107 and 1108 of the Bankruptcy Code.

Copies of the press release issued by 2Connect Express, Inc., issued on January
12, 1998, reporting the chapter 11 filing and related matters are filed as
Exhibits hereto.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

  (c)   EXHIBITS

          Exhibit 99. Text of Press Release dated January 12, 1998


<PAGE>   3




                                   SIGNATURES


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.



                                       2CONNECT EXPRESS, INC.
                                       -------------------------------------
                                       (Registrant)



Date: January 15, 1998                 /s/ THOMAS H. HICKS
- ----------------------                 ------------------------------------
                                       Thomas H. Hicks, President and Chief
                                       Executive Officer



<PAGE>   4
                                 EXHIBIT INDEX

Exhibit                       Description                          Sequentially
Number                                                             Numbered Page
- -------                       -----------                          -------------

  99             Press Release dated January 12, 1998,                   6
                 Re: 2Connect Express, Inc., filing Chapter
                 11 petition in US Bankruptcy Court

<PAGE>   1
FOR IMMEDIATE RELEASE                                                 Exhibit 99


For Further Information Contact:
Mr. Thomas H. Hicks
President & Chief Executive Officer
Phone (954)797-7960
Fax    (954)797-8636



                 2Connect Files for Protection under Chapter 11
                             of the Bankruptcy Code

PLANTATION, FL(January 12, 1998)-2Connect Express, Inc. (OTC Bulletin Board: 
CNTCU) today announced that it has filed a voluntary petition for protection
under Chapter 11 of the United States Bankruptcy Code, in order to protect
the interests of its creditors and shareholders.

The company expects to reorganize its business affairs, including closing non-
productive stores, relocating selected stores and reducing overhead expenses.
The Company plans to file a plan of reorganization.

2Connect Express, Inc., is a specialty retailer and direct, consultative 
marketer of communications related products and services under the name 
"2Connect, America's Total Communications Store".  2Connect is the first 
independent retailer and direct sales provider offering one stop shopping for
communications related products and services to the individual and business
community.  The Company currently operates ten stores in South Florida.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission