UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Reported Event): August 22, 1997
Commission File Number 0-9519
Regent Technologies, Inc.
(Exact name of registrant as specified in its charter.)
Texas 84-0807913
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
350 N. ST. PAUL, SUITE 2410, DALLAS, TEXAS 75201
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(214) 880 0702
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Item 5. Other Items
(a) Effective August 22, 1997, the Registrant acquired ConnecTen, L.L.C.
("ConnecTen") as a wholly owned subsidiary. Regent acquired ConnecTen for
100,000 shares of newly issued "restricted" common stock of the Company,
which amount paid is less than ten percent (10%) of Regent' consolidated total
assets. Also, the total of Regent and all its subsidiaries' equity in the
net book value of the assets acquired through ConnecTen does not exceed ten
percent (10%) of Regent's consolidated total assets.
The focus of ConnecTen has been to provide a wide range of Internet
services for corporate customers including high-speed access, web hosting,
server co-location and web page development. As part of the scope of the
services provided to a corporate account, ConnecTen optimizes a customer's
Internet needs at the least cost available. The resources which Regent has
should allow ConnecTen to offer a greater level of services to its commercial
users than in the past.
Mr. Goldstein, the former owner of ConnecTen, will be employed by Regent
as head of its Integration Services Division. This division's services will
include the design, implementation and support of local and wide area networks.
This includes Windows NT Servers, Unix Servers, remote access, firewalls,
routers, switches and integrating the desktop environment.
(b) On August 25, 1997, Regent expanded its operations with the opening of a
telecommunications and Internet center located in downtown Dallas. The center
is currently "on-net" with fiber installed from MFS, TCG and Southwestern Bell.
The center will house the highest quality equipment available to allow the
Company's Internet services to expand from dialup to leased line access packages
and web content hosting services. The leased line access packages will be
supported by redundant DS3 Internet connections and will support tiered and
burstable T1 and T3 services in ranges of 4Mbps, 10Mbps and 45 Mbps access
speeds.
In addition, Regent will have the equipment and technology necessary to
deploy the Digital Subscriber Line of products such as ADSL, HDSL and IDSL.
The new XDSL services are providing an economic solution for the demand for
increased bandwidth. ConnecTen will be in charge of the operations of the
center and will begin co-locating web servers for existing customers in the
center.
(c) On September 1, 1997, Regent initiated a direct marketing plan to sell and
service its Internet and telecommunications products. Regent TEL1 Communica-
tions, Inc., ("TEL1") a Dallas based Internet and telecommunications company
and wholly owned subsidiary of Regent, is specializing in Internet access
services and is now introducing the sale of perepaid long distance telephone
cards, both under a new markeing plan. The direct marketing system was chosen
because it is a cost effective strategy that maintains direct contact with the
customers.
The products and services to be offered under TEL1's direct marketing
programs include residential long distance, commercial long distance, 800
service, international service, prepaid phone services, Internet dialup
service and Internet dedicated access service. Regent Internet access
services are marketed under the name "tel1.net."
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 thereunto duly authorized.
REGENT TECHNOLOGIES, INC.
David A. Nelson
David A. Nelson
President
Date: September 5, 1997
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