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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
April 8, 1998
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Date of Report (Date of earliest event reported)
STARTEC GLOBAL COMMUNICATIONS CORPORATION
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(Exact name of registrant as specified in its charter)
Maryland 0-23087 52-1660985
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification
Incorporation No.)
10411 Motor City Drive Bethesda, Maryland 20817
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
301-365-8959
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Not applicable
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Former name or former address, if changed since last report)
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Item 5. Other Events.
The Company issued the accompanying press release announcing
its selection as an Employer of the Year by the Jewish Vocational
Services.
Item 7. Financial Statements and Exhibits.
1. Press Release dated April 8, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the Registrant has duly caused this Report
to be signed on its behalf by the undersigned thereunto duly
authorized.
STARTEC GLOBAL COMMUNICATIONS CORPORATION
By: /s/ RAM MUKUNDA
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Ram Mukunda
President and Chief Executive Officer
Dated: April 10, 1998
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EXHIBIT INDEX
Exhibit No. Description Page
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1. Press Release dated April 8, 1998.
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
April 8, 1998
Contact: Rebecca Rutberg, Startec Global Communications
Corporation, 301-365-8959 Roberta Feigen,
Jewish Vocational Services, 301-816-2650
STARTEC GLOBAL COMMUNICATIONS CORPORATION, A BETHESDA, MARYLAND
BASED TELECOMMUNICATIONS COMPANY WINS ONE OF REGION'S MOST
PRESTIGIOUS JOB PLACEMENT AWARDS
(Bethesda, MD) Startec Global Communications Corporation
(Startec Global) has been honored as an Employer of the Year by
the Jewish Vocational Services (JVS) for its outstanding efforts
to employ newly arrived immigrants to the United States. Since
1995, Startec Global has partnered with JVS and served as
a primary employer of Russian Jewish immigrants in the
Washington, DC metropolitan area. Helping people is the
cornerstone of the Company according to Startec Global President
and CEO Ram Mukunda. "It can be difficult for newly arrived
immigrants to find meaningful employment that provides for
professional growth," said Mukunda. "Startec takes pride in the
fact that many of our multi-lingual speakers who begin with
Startec in our Customer Service Department are given the
opportunity to grow both professionally and personally. I'm glad
that Startec can make a difference in so many people's lives."
When Mukunda created this innovative long distance telephone
company nine years ago, he envisioned a company that would serve
newly arrived immigrants who call their native countries
frequently. To service these diverse communities, Startec Global
employs many immigrants who are multi-lingual in order to
provide in-language service to its customer base. Startec
Global's employees also reflect the cultural diversity of these
groups. Current market outreach efforts include the Russian,
Israeli, Latin American, Asian Indian, Arabic, Filipino, Polish
and Chinese communities.
Startec Global is a facilities-based long distance company whose
primary service allows customers to dial a 5-digit access code to
connect to its network and its low international and domestic
rates. Features include no pre-payment, no switching long
distance carriers, and no monthly fees. All of Startec Global's
rates are offered 24 hours a day, 7 days a week and all calls are
transmitted over Startec Global's high quality fiber-optic
network. Startec Global is listed on the NASDAQ under the
trading symbol STGC.
JVS, a department of the Jewish Social Service Agency, has served
the business community for the past 10 years by providing free of
charge to the business community screened, qualified and
dependable employees for its job openings. JVS helps unemployed
and under employed community members become self-sufficient and
productive. JVS has successfully provided career counseling and
employment services to more than 6,000 clients in the past
decade.
Except for historical information presented herein, the matters
presented in this press release are forward-looking statements
that involve risks and uncertainties. The Company's future
operations and results could differ materially from those
reflected herein. Factors that could cause or contribute to such
differences include, but are not limited to those discussed in
the "Risk Factors" section of the Company's prospectus (SEC File
No. 333-32753).
