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
September 8, 1999
Date of Report
(Date of Earliest Event Reported)
Americom USA, Inc.
(Exact Name as Specified in its Charter)
Delaware 0-023769 52-2068322
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
1303 Grand Avenue
Arroyo Grande, California, CA 93420
(Address of principal executive offices)
805/542-6700
Registrant's telephone number
<PAGE>2
ITEM 2. Acquisition or Disposition of Assets
On September 8, 1999 AmeriComUSA, Inc. and Telespace, Limited agreed to the
cancellation of their merger, previously announced on July 1, 1999.
AmericomUSA, Inc.'s proposed acquisition of privately held DigiCities,
Incorporated, announced on July 2, 1999, is not impacted by the cancellation of
the Telespace merger. Although the terms of the Memorandum of Understanding with
DigiCities, Incorporated previously envisaged completion of the Telespace
merger, management of both AmericomUSA and DigiCities have agreed that the
acquisition of DigiCities will proceed without the Telespace merger.
Item 7. Financial Statements and Exhibits
EXHIBITS
Telespace, Ltd. and AmeriComUSA, Inc. press release dated September 20, 1999.
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 hereunto duly authorized.
AMERICOM USA, INC.
By: /s/ ROBERT M. CEZAR
----------------------
Robert M. Cezar
Chief Executive Officer
Dated: September 20, 1999
FOR:
TELESPACE, LIMITED and AMERICOM, USA
(EBB: TLTD) (Not Publicly Traded)
CONTACT:
GREG McANDREWS & ASSOCIATES
Gregory A. McAndrews
(310) 301-3035
FOR IMMEDIATE RELEASE
AMERICOM, TELESPACE MUTUALLY CANCEL MERGER AGREEMENT;
ARROYO GRANDE, Calif., September 10 - Telespace Limited (EBB: TLTD) and
AmeriComUSA, Inc. today announced the cancellation of a previously-announced
(July 19) merger agreement.
AmeriCom's proposed acquisition of privately-held Digicities, Incorporated
(July 21) is not impacted by the abandonment of the Telespace merger, although a
completion of the Telespace acquisition was a previous component of the
acquisition. Both AmeriCom and Digicities managements have agreed to drop that
provision.
Telespace Limited has explored research and development concerning
telecommunications in Asia as well as concepts in web design and Internet
advertising features for the international market.
AmerComUSA, Inc. is engaged in advertising and software development for the
marketing of goods and services via the Internet, kiosks, billboards and other
remote stations.
(Forward-looking and cautionary statements: Except for the historical
information and discussions contained herein, statements contained in this news
release may constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements involve a
number of risks, uncertainties and other factors that could cause actual results
to differ materially, as discussed in regulatory filings by AmeriComUSA, Inc. or
Telespace Limited.)
