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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
January 8, 2001
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Date of Report (Date of earliest event reported)
GENERAL CREDIT CORPORATION
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(Exact name of Registrant as specified in its charter)
New York 0-28910 13-3895072
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
370 Lexington Avenue, Suite 2000, New York, New York 10017
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(Address of Principal Executive Offices) (Zip Code)
(212) 697-4441
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On July 18, 2000 the Company and its wholly owned subsidiary
corporation DDI Acquisition Corp. ("Acquisition") entered into an Agreement and
Plan of Merger and Reorganization (the "Agreement") with Diamond Dealing.com,
Inc. ("DDI") pursuant to which, subject to certain conditions precedent,
Acquisition was to be merged with and into DDI. On January 8, 2001, the Company
and DDI entered into a Termination Agreement mutually terminating the Agreement
with no transaction being consummated and no transaction currently being
contemplated between the Company and DDI.
As a result of the termination of the Agreement with DDI, the Company
continues to investigate possible business combination opportunities.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired
None.
(b) Pro forma financial information
None.
(c) Exhibits
10.46 Termination Agreement dated January 8, 2001.
99.1 Press Release dated January 9, 2001.
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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.
GENERAL CREDIT CORPORATION
(Registrant)
Date: January 9, 2001 By: /s/ Irwin Zellermaier
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Irwin Zellermaier,
Chief Executive Officer
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INDEX TO EXHIBITS
Exhibit No. Description
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10.46 Termination Agreement dated January 8, 2001.
99.1 Press Release dated January 9, 2001.
