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: March 22, 1999
(Date of earliest event reported)
DCAP Group, Inc.
(Exact name of Registrant as specified in charter)
Delaware 0-1665 36-2476480
(State or other jurisdiction (Commission File No.) (IRS Employer Identification
incorporation) Number)
90 Merrick Avenue, East Meadow, New York 11554
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 794-6300
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Item 5. Other Events.
The preliminary unaudited combined results of operations for
Dealers Choice Automotive Planning Inc. ("DCAP") and its affiliated entities
(collectively, the "DCAP Companies") for the fiscal year ended December 31, 1998
reflect a loss before provision for income taxes and minority interest of
approximately $1,400,000. Of such loss, approximately $260,000 relates to
expenses incurred in connection with the transfer of ownership interests in the
DCAP Companies to DCAP Group, Inc. (the "Company") and approximately an
additional $60,000 represents interest charges with respect to loans received by
DCAP from the Company prior to the closing of the acquisition.
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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.
DCAP GROUP, INC.
Dated: March 23, 1999 By: /s/ Kevin Lang
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Kevin Lang, President
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