-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BPL4FSKjByP0mSMwGN4G1Zaamc6zYshSiboi1S9i/jJTXFaUzGI65UVHICPuW0+A MtWS73IPpK/3OGL8S3DpUQ== 0000914317-02-000566.txt : 20020515 0000914317-02-000566.hdr.sgml : 20020515 ACCESSION NUMBER: 0000914317-02-000566 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020513 ITEM INFORMATION: Other events FILED AS OF DATE: 20020515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELEC COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000090721 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 132511270 STATE OF INCORPORATION: NY FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04465 FILM NUMBER: 02648131 BUSINESS ADDRESS: STREET 1: 37 NORTH STREET CITY: NORWALK STATE: CT ZIP: 06851 BUSINESS PHONE: 2037501000 MAIL ADDRESS: STREET 1: 37 NORTH STREET CITY: NORWALK STATE: CT ZIP: 06851 FORMER COMPANY: FORMER CONFORMED NAME: SIRCO INTERNATIONAL CORP DATE OF NAME CHANGE: 19920703 8-K 1 form8k-45220_0502.txt 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: May 13, 2002 (Date of earliest event reported) eLEC Communications Corp. (Exact name of Registrant as specified in its charter) New York (State or other jurisdiction of incorporation) 0-4465 13-2511270 (Commission File No.) (I.R.S. Employer Identification No.) 543 Main Street New Rochelle, New York 10801 (Address of principal executive offices; zip code) (914) 632-8005 (Registrant's telephone number, including area code) Not Applicable (Former Name or Former Address, if changed Since Last Report) Item 5. Other Events. On May 13, 2002, the Company announced that its lender has agreed to a two week extension to a forbearance agreement which requires the Company to sell the assets of one or more of its operating subsidiaries. EXHIBIT INDEX Exhibit Exhibit Title Number ------------- ------- 99.1 Press Release, dated May 13, 2002. 2 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. Dated: May 13, 2002 eLEC COMMUNICATIONS CORP. (Registrant) By: /s/ Paul H. Riss ------------------------------ Paul H. Riss Chief Executive Officer 3 EX-99.1 3 exhibit991.txt [GRAPHIC OMITTED] [GRAPHIC OMITTED] - -------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE Contact: Paul H. Riss CEO phriss@elec-corp.com 914-633-6500 eLEC Announces Extension of Forbearance Agreement New Rochelle, NY... May 13, 2002--eLEC Communications Corp. (OTCBB:ELEC), an integrated communications provider of voice, data and broadband services, announced that its lender has agreed to a two week extension to a forbearance agreement which requires eLEC to sell the assets of one or more of its operating subsidiaries. The original forbearance agreement required eLEC to sign a definitive purchase agreement by May 11, 2002. That date has been extended to May 24, 2002. The Company continues to pursue opportunities to sell assets and pay off its secured lender. In conjunction with a sale, eLEC also plans to provide operations support system (OSS) services to the buyer. eLEC's OSS is designed to provide a local telephone service carrier with a cost-effective automated platform to support customer orders, service delivery, billing, collections, and gross margin analysis. eLEC Communications Corp. is a publicly-traded integrated communications provider that is taking advantage of the convergence of the current and future competitive technological and regulatory developments in the Internet and telecommunications markets. eLEC provides an integrated suite of communications services to small business and residential customers. ---------- This release contains forward-looking statements that involve risks and uncertainties. eLEC's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; eLEC's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which eLEC can operate, access new markets, negotiate and maintain suitable interconnection agreements with the incumbent local exchange carriers, and negotiate and maintain suitable vendor relationships, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements. -----END PRIVACY-ENHANCED MESSAGE-----