ATC COMMUNICATIONS GROUP INC
8-K, 1998-06-30
BUSINESS SERVICES, NEC
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<PAGE>



                          SECURITIES AND EXCHANGE COMMISSION

                                 WASHINGTON, DC 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):
                            June 30, 1998 (June 25, 1998)


                            ATC Communications Group, Inc.
                            ------------------------------
                (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



          Delaware                 000-14315                  75-2050538
          --------                 ---------                  ----------
      (STATE OR OTHER       (COMMISSION FILE NUMBER)        (IRS EMPLOYER
      JURISDICTION OF                                    IDENTIFICATION NO.)
       INCORPORATION)

                           5950 Berkshire Lane, Suite 1650
                                 Dallas, Texas  75225
                                 --------------------
                 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)  (ZIP CODE)



                 Registrant's telephone number, including area code:
                                    (214) 361-9870


                                          1

<PAGE>

ITEM 5.   OTHER EVENTS.

     On June 29, 1998, ATC Communications Group, Inc. issued the news release 
attached hereto as Exhibit 99.1, which news release is incorporated by 
reference herein. 

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS.

     (c)  EXHIBITS

    99.1  News Release issued by ATC Communications Group, Inc. dated June 
          29, 1998.



                                      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 thereunto duly authorized.

     Dated:  June 29, 1998                   ATC COMMUNICATIONS GROUP, INC.


                                             By:  /s/ Matthew S. Waller  
                                                ---------------------------
                                                  Matthew S. Waller      
                                                  CHIEF FINANCIAL OFFICER


                                       2


<PAGE>

                                  INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT NUMBER      DESCRIPTION
- --------------      -----------
<S>                 <C>
     99.1           News Release issued by ATC Communications Group, Inc. 
                    dated June 29, 1998.
</TABLE>

<PAGE>
                                                                   EXHIBIT 99.1

                     [ATC Communications Group, Inc. Letterhead]

News Release                           FOR IMMEDIATE RELEASE

CONTACTS AT THE COMPANY:
(972) 830-1800
Matthew S. Waller        Chief Financial Officer
Scott D. Guffey          Vice President - Finance, Mergers & Acquisitions and
                         Investor Relations

                         ATC TO APPEAL COURT DECISION

DALLAS -- June 29, 1998 --ATC Communications Group, Inc. (Nasdaq NMS: ATCT), 
a leading provider of teleservices, today announced that a summary judgment 
was entered against ATC on June 25, 1998 in a breach of contract case filed 
by an ATC option holder in the United States District Court, District of 
Kansas.  The amount of the judgment, including prejudgment interest and 
costs, is approximately $2.4 million.  ATC believes that the judgment is in 
error and that the plaintiff's claims are without merit; therefore, ATC will 
appeal the summary judgment.

ATC recently announced that it had signed a definitive agreement for a 
stock-for-stock merger with IQI, Inc.  The proposed merger is subject to the 
approval of ATC and IQI shareholders and lenders and is expected to be 
finalized during the week of July 6, 1998, assuming receipt of those 
approvals.  The ATC annual meeting of stockholders scheduled for June 30, 
1998 is expected to be adjourned until July 9, 1998.

ATC offers custom-developed strategic sales and service applications, 
outsourced and facility management operations and traditional high-volume, 
transaction-based teleservices. IQI is a privately-held company that provides 
integrated marketing services through its telemarketing resources, custom 
marketing research capabilities, database management skills and proprietary 
databases.

THE FOLLOWING IS A "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES 
LITIGATION REFORM ACT OF 1995: STATEMENTS CONTAINED IN THIS DOCUMENT THAT ARE 
NOT BASED ON HISTORICAL FACTS ARE "FORWARD-LOOKING STATEMENTS." TERMS SUCH AS 
"ANTICIPATES," "BELIEVES," "ESTIMATES," "EXPECTS," "INTENDS," "PLANS," 
"PREDICTS," "MAY," "SHOULD," "WILL," THE NEGATIVE THEREOF AND SIMILAR 
EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS.  SUCH 
STATEMENTS ARE BY NATURE SUBJECT TO UNCERTAINTIES AND RISKS, INCLUDING, BUT 
NOT LIMITED TO: THE COMPANY'S ASSESSMENT OF THE MERITS OF THE KANSAS 
LITIGATION; OBTAINING SHAREHOLDER AND THIRD PARTY APPROVALS AND SATISFYING 
THE OTHER CONDITIONS TO CLOSING THE MERGER WITH IQI, INC. DURING THE WEEK OF 
JULY 6, 1998; AND OTHER OPERATIONAL, FINANCIAL OR LEGAL RISKS OR 
UNCERTAINTIES DETAILED IN THE COMPANY'S SEC FILINGS FROM TIME TO TIME.



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