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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) April 28, 1998
2CONNECT EXPRESS, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA
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(State or other jurisdiction of
incorporation or organization)
000-22251 65-0674664
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(Commission (I.R.S. Employer
file number) Identification No.)
1700 NW 65th Ave., Suite 4, Plantation, Fl 33313
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (954) 797-7960
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NOT APPLICABLE
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(Former name, former address and former fiscal year, if changed since
last report)
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Item 5. OTHER EVENTS
On January 12, 1998, 2Connect Express, Inc. ("the Company") filed a Voluntary
Petition for relief under Chapter 11, Title 11 of the United States Bankruptcy
Code in the U.S. Bankruptcy Court for the Southern District of Florida. On April
14, 1998, the Company filed a Plan of Reorganization and Disclosure Statement.
Beginning in February, 1998, the Company has filed a Debtor's Monthly Financial
Report ("Debtor's Monthly Report") with the Bankruptcy Court for each period as
required by the United States Trustee Operating Guidelines and Reporting
Requirements. Each Debtor's Monthly Report contains financial reports reflecting
the activities of the debtor's business each month. To date, the Company has
filed each Debtor's Monthly Report with a Form 8-K ("Form 8-K") under the
Securities and Exchange Act of 1934 as amended ("The Exchange Act").
By letter filed on February 12, 1998, the Company requested a "no-action"
position from the Division of Corporation Finance of the Securities and Exchange
Commission regarding modified Exchange Act reporting by the Company due to its
bankruptcy status pursuant to Exchange Act Release No. 34-9660 (June 30, 1972).
In a verbal response, the Securities and Exchange Commission rejected this
request based on the fact that the Company had not yet filed its first Annual
Report on Form 10-K ("Form 10-K").
The Company's Form 10-K for the fiscal year ended January 31, 1998 is required
to be filed by May 1, 1998. The Company, however, due to the Chapter 11
proceedings, does not have authorization to use available funds to pay the cost
of an audit of its financial statements as required by Form 10-K. Accordingly,
the Company will be unable to file its Form 10-K for the fiscal year ended
January 31, 1998, in a timely manner. If the Company is able to obtain
authorization to use available funds to pay for such audit, it intends to have
such audit undertaken and to file its Form 10-K as soon thereafter as
practicable. In any event, the Company intends to continue to file on Form 8-K
the Debtor's Monthly Reports after each filing with the Bankruptcy Court.
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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.
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(Registrant)
Date: April 28, 1998 /s/ THOMAS H. HICKS
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Thomas H. Hicks, President and Chief
Executive Officer
