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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
Date of Report (Date of earliest event reported) January 27, 2000
U.S. HOMECARE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
New York 0-19240 13-2853680
(State or Other Jurisdiction of (Commission File No.) (IRS Employer
Incorporation) Identification Number)
Two Hartford Square West, Suite 300, Hartford, CT 06106
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (860) 278-7242
Not Applicable
(Former name or former address, if changed since last report)
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SIGNATURES
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 thereunto duly authorized.
U.S. HOMECARE CORPORATION
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(Registrant)
January 27, 2000 By: /s/ Sophia Bilinsky
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Sophia Bilinsky
President and
Chief Executive Officer
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ITEM 5. OTHER EVENTS
Reference is made to the press release of Registrant, issued on January
27, 2000, which is incorporated herein by this reference. A copy of the press
release is attached to this Form 8-K as Exhibit 99.1
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[U.S HOMECARE LETTERHEAD]
FOR IMMEDIATE RELEASE Contact Sophia V. Bilinsky
Chief Executive Officer
U.S. HomeCare Corporation
(914) 946-9601
USHO, which is traded in the over-the-counter market, announced today that it
is not aware of any basis for the recent increase in the price and trading
volume of its Common Stock. As noted in its most recent filing with the
Securities and Exchange Commission, for some time, the Company has not had
sufficient cash flow to operate its business without significant advances from
its lenders.
Additionally, the Company is experiencing Y2K problems resulting from the
Company's third party software vendor's failure to deliver promised and
necessary software upgrades. These Y2K problems could have a negative impact on
the Company's cash flow.
U.S. HomeCare Corporation is a provider of home health care services in New
York, Connecticut, and Pennsylvania.
This press release contains forward-looking statements. All forward-looking
statements involve risks and uncertainties, including, without limitation, the
risks detailed in the Company's filings and reports with the Securities and
Exchange Commission.
