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UNITED STATES
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: July 17, 1998
ACT Teleconferencing, Inc.
(Exact name of registrant as specified in its charter)
Colorado 0-27560 84-1132665
(State of Incorporation) (Commission File No.) (IRS Employer Identification No.)
1658 Cole Boulevard, Suite 162, Golden, Colorado 80401
(Address of principal executive offices) Zip Code
(303) 233-3500
(Registrant's telephone number)
Item 5. Other Events. On July 10, 1998, Registrant ACT Teleconferencing, Inc.
("ACT") entered into a supply agreement with Concert Global Networks, Ltd., the
British Telecom/MCI global services company, to supply audioconferencing for
Concert Audioconferencing Service.
Concert, based in Reston, Virginia, provides an array of managed voice, data and
Internet services to over 4,300 companies in over 50 countries. Concert
Audioconferencing Service, one of the world's first global virtual private
network-based conference services, offers flexible, cost-effective seamless
audioconferencing connections for multinational companies.
ACT Teleconferencing, Inc. will provide a global, integrated audioconferencing
service solution for a customer base developed by Concert. This service,
scheduled to commence in the fourth quarter of 1998, has the potential to
generate up to $40 million in revenues over the next three years. Actual
revenues will however depend on customer usage and other factors such as market
growth and in-country penetration.
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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.
ACT Teleconferencing, Inc.
(Registrant)
Date: July 17, 1998 By:/s/ Gavin Thomson
(Signature)
Gavin Thomson
Chief Financial Officer
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