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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) July 23, 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.)
3500 Gateway Drive, Suite 101, Pompano Beach, FL 33069
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (954) 971-3555
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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 July 23, 1998, 2Connect Express, Inc. issued a Press Release announcing that
it had filed a motion with the United States Bankruptcy Court, Southern District
of Florida, to amend its Disclosure Statement and expedite a hearing on such
motion. The Disclosure Statement amendment, which is subject to Bankruptcy Court
approval, provides for the extinguishment of a all pre-confirmation equity
interests in 2Connect Express, Inc. as of the Effective Date of the Plan of
Reorganization. A copy of this Press Release is filed as Exhibit A hereto.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
Exhibit A. Debtor's Press Release dated July 23, 1998
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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: July 28, 1998 /s/ THOMAS H. HICKS
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Thomas H. Hicks, President and Chief
Executive Officer (Interim)
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EXHIBIT INDEX
Exhibit Number Description Sequentially Numbered Page
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99.1 Debtor's Press Release dated 5
dated July 23, 1998
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EXHIBIT 99.1
2CONNECT EXPRESS, INC.
3500 Gateway Drive, Suite 101
Pompano Beach, FL 33069
FOR IMMEDIATE RELEASE
For Further Information Contact:
Mr. Thomas H. Hicks
President & Chief Executive Officer (interim)
Phone (954) 971-3555
Fax (954) 971-1922
2Connect Announces Amendment to Disclosure Statement and Status of
Bankruptcy Proceeding
POMPANO BEACH, FL (July 23, 1998) - 2Connect Express, Inc. (OTC Bulletin Board:
CNTCU) today announced that it has filed a motion with the United States
Bankruptcy Court, Southern District of Florida, to amend its Disclosure
Statement and expedite a hearing on such motion. The Disclosure Statement
amendment is required based on recent events. As a result, the Disclosure
Statement amendment, which is subject to Bankruptcy Court approval, provides for
the extinguishment of all pre-confirmation equity interests in 2Connect as of
the Effective Date of the Plan.
The Company believes that this recent information is material and must be
disclosed to all creditors and equity securities holders in connection with
their deliberation on the Plan.
2Connect filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code on January 12, 1998, and subsequently closed all of its stores
except the store at Coral Square Mall in Coral Springs, Florida. The Coral
Square store has operated since June 16, 1998 under a management agreement with
Bobby Allison Cellular Systems of Florida, Inc. whereby Bobby Allison is
responsible for all expenses related to that store and is entitled to any
profits or losses that it generates. The Company has liquidated most other
assets and reduced overhead to skeleton levels.
