Filed Pursuant to Rule 424(b)(3)
Registration Number 333-39050
ReSourcePhoenix.com
PROSPECTUS SUPPLEMENT #7, DATED NOVEMBER 30, 2000
(To Prospectus dated August 25, 2000 and Prospectus Supplements
dated September 13, 2000, October 4, 2000, October 26, 2000
November 8, 2000, November 16, 2000, and November 22, 2000)
This Prospectus Supplement should be read in conjunction with the
Prospectus and the Prospectus Supplements referenced above.
RECENT DEVELOPMENTS
On November 29, 2000, ReSourcePhoenix.com (RPC) announced that it has
agreed to sell substantially all of its assets to Phoenix American Incorporated
(PAI), an RPC affiliate, as part of an orderly winding down of the company's
operations. In this regard, PAI will assume the company's obligations to its
secured creditors. No recovery to general unsecured creditors or shareholders is
anticipated at this time. In addition, the company announced the layoff of
approximately 80 of its 173 employees. The remaining employees will be
transitioned to the purchaser of the assets.
