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UNITED STATES
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): August 11, 1998
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21ST CENTURY TELECOM GROUP, INC.
(Exact name of registrant as specified in its charter)
Illinois 333-47235 36-4076758
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
WORLD TRADE CENTER
350 NORTH ORLEANS
SUITE 600
CHICAGO, ILLINOIS 60654
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 470-2100
Not Applicable
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On August 11, 1998, 21st Century Telecom Group, Inc. (the "Company")
announced the promotion of Robert Currey to President and Chief Executive
Officer.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
EXHIBIT
The exhibit accompanying this report is listed in the accompanying
Exhibit Index.
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SIGNATURE
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.
21st CENTURY TELECOM GROUP, INC.
(Registrant)
Date: August 13, 1998
By: /s/ Byron E. Hill
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Byron E. Hill, Corporate Controller
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EXHIBIT INDEX
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EXHIBIT NUMBER DESCRIPTION OF EXHIBIT
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99 News Release dated August 11, 1998
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EXHIBIT 99
For Further Information:
Melissa Abraham
21st Century Telecom Group, Inc.
312/470-2100
[email protected]
FOR IMMEDIATE RELEASE
ROBERT CURREY APPOINTED CHIEF EXECUTIVE OFFICER
OF 21ST CENTURY TELECOM GROUP, INC.
CHICAGO, August 11, 1998 - Robert (Bob) Currey has been named Chief
Executive Officer of 21ST CENTURY TELECOM GROUP, INC., effective immediately.
The appointment was announced today by Chairman and Founder Glenn Milligan.
Milligan relinquishes the title of CEO to Currey, but will remain
Chairman. Currey already holds the position of President.
Currey will be responsible for overseeing all functions of the business.
Milligan said, "This appointment is certainly the next logical step.
During the past four months, Bob has clearly proven his ability to lead 21ST
CENTURY forward to its ultimate success. As the scope of 21ST CENTURY's Area
1 buildout, financing needs, and growth strategies continue to rapidly grow,
it is imperative for Bob and I to be totally non-duplicative, but completely
complementary, in our respective efforts in building maximum value in 21ST
CENTURY."
Currey became President of 21ST CENTURY on March 1, 1998. Previously, he
served as Group President of Telecommunications Services at McLeodUSA from
September 1997 to February 1998. He remains a Director.
Currey has also served as President of Consolidated Communications,
Inc., (CCI) a diversified telecommunications company and the first
competitive local exchange carrier (CLEC) in Illinois to offer
facilities-based residential and commercial services. He held the position
of President from March 1990 to September 1997, the date CCI was acquired by
McLeodUSA.
From June 1988 to March 1990, Currey served as Senior Vice President,
Operations and Engineering at Citizens Utilities Co., a diversified utility
company in Stanford, Connecticut.
From 1987 to 1988, he served as Executive Vice President of US Sprint.
Currey also served as
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-MORE-
CURREY JOINS 21ST CENTURY TELECOM
ADD ONE/OF TWO
Senior Vice President, Operations, for United Telecommunications Inc. from
1984 to 1987.
Currey began his telecommunications career with Michigan Bell in 1970
where he held a succession of management positions in operations, personnel,
labor relations, and marketing with Ameritech and Michigan Bell.
Since its initial service launch in November 1997, 21ST CENTURY has been
delivering 116 channels of cable television, 59 channels of interactive
virtual data, 24 specialty audio services, and 4Mbps shared cable modem
Internet access to several thousand customers in its flagship Area 1
franchise along Chicago's lakefront.
Also via its Distributed Ring-Star (DRS) fiber network, 21ST CENTURY
expects to launch its competitive local and long distance telephone services
to both residential and business customers in the fall of 1998. 21ST
CENTURY's Area 1 franchise encompasses more than 300,000 homes, 60,000
businesses with more than 500,000 employees and 50,000 hotel rooms from
Evanston to Hyde Park. For further information about 21ST CENTURY TELECOM
GROUP, INC., please contact Melissa Abraham, Public Relations Supervisor, at
312/470-2100 or visit the company's website at HTTP://WWW.21STCENTURY.COM.
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