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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): September 11, 2000
ONEPOINT COMMUNICATIONS CORP.
(Exact name of registrant as specified in its charter)
Delaware 36-4225811
(State or other jurisdiction (IRS Employer ID No.)
of incorporation of organization)
Two Conway Park
150 Field Drive, Suite 300 60045
Lake Forest, Illinois (Zip code)
(Address of principal executive offices)
847-582-8800
(Registrant's telephone number including area code)
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ITEM 5. OTHER EVENTS
On September 11, 2000 OnePoint Communications Corp. and OnePoint
Communications - Illinois, LLC closed on the sale of certain private cable and
related assets in the Chicago market pursuant to the asset purchase agreement
dated June 16, 2000 with 21st Century Telecom Services, Inc. Net proceeds from
this transaction totaled approximately $9.7 million, of which $5.0 million was
received as a deposit in June 2000, $0.7 million was received at closing, $2.0
million of which is being withheld subject to renewal of certain agreements and
$2.0 million is being held in escrow for an 18 month period.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amended report to be filed on its behalf by the
undersigned thereunto duly authorized.
ONEPOINT COMMUNICATIONS CORP.
(Registrant)
Date: September 22, 2000 By: /s/ John D. Stavig
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Name: John D. Stavig
Title: Chief Financial Officer
