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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) MAY 30, 2000
LET'S TALK CELLULAR & WIRELESS, INC.
(Exact name of registrant as specified in charter)
Florida 0-23351 65-0292891
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State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation
800 Brickell Avenue, Suite 400, Miami, Florida 33131
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(Address of principal offices) (Zip Code)
Registrant's telephone number including area code (305) 358-8255
(Former name or former address, if changed since last report) NOT APPLICABLE
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP
On May 30, 2000, Let's Talk Cellular & Wireless, Inc. (the
"Registrant"), together with its five wholly owned subsidiaries, Telephone
Warehouse, Inc., Cellular Warehouse, Inc., Cellular USA, National Cellular,
Incorporated and Sosebee Enterprises, Inc. (collectively, with the Registrant,
the "Company"), each filed voluntary petitions for relief under chapter 11,
title 11 of the United States Code (11 U.S.C. ss.ss. 101 ET SEQ., the
"Bankruptcy Code") with the United States Bankruptcy Court for the District of
Delaware (the "Bankruptcy Court"). Pursuant to the provisions of chapter 11 of
the Bankruptcy Code, the Registrant and its Subsidiaries continue to operate
their businesses in the ordinary course as debtors-in-possession, and no trustee
has been appointed in any of the chapter 11 cases.
Pursuant to an order dated May 31, 2000, the Bankruptcy Court approved
interim debtor-in-possession financing of up to $5 million by a syndicate of
financial institutions lead by The Chase Manhattan Bank (the "Banks"). Subject
to final approval by the Bankruptcy Court, the Company has received a commitment
by the Banks for debtor-in-possession financing of up to $15 million in the
aggregate.
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SIGNATURES
Pursuant to the requirement 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.
Date: June 15, 2000 Let's Talk Cellular & Wireless, Inc.
By: /s/ BRETT BEVERIDGE
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Brett Beveridge
President and Chief Executive Officer
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