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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 16, 1999
US WATS, INC.
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(Exact name of Registrant as Specified in its Charter)
0-22944
(Commission File Number)
NEW YORK 22-3055962
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(State of Other Jurisdiction (IRS Employer Identification
of Incorporation) Number)
2 GREENWOOD SQUARE, SUITE 275
3331 STREET ROAD
Bensalem, Pennsylvania 19020
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(Address, including zip code, of Registrant's Principal Executive Offices)
(215) 633-9400
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
Effective March 10, 1999, Aaron Brown has resigned his position as
Director. In the prior month, Mr. Brown resigned as the Company's interim Chief
Executive Officer and President and also stepped down as Chairman of the
Company. He has since accepted the position of Chairman with another company.
The Company expects to announce the addition of a number of outside Directors in
the future.
Also, the Company recently announced that one of its Directors, Walt
Anderson, has been appointed its new Chairman. Mr. Anderson is the Financial
Advisor for Gold & Appel Transfer, S.A., a venture capital company. Gold &
Appel owns substantial positions in several public and private
telecommunications companies and currently owns more than 50% of the outstanding
common shares of US Wats, Inc.
SIGNATURE
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Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
US WATS, Inc.
Date: March 16, 1999 By: /s/ Michael McAnulty
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Title: Chief Financial Officer
