FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Date of Report (Date of earliest event reported) April 7, 1998.
DCI Telecommunications, Inc.
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(Exact name of registrant as specified in its charter)
Colorado 2-96976-D 84-1155041
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
611 Access Road, Stratford, CT 06497
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(Address of principal executive offices)
Registrant's telephone number, including area code: (203) 380-0910
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(Former name or former address, if changed since last report.)
Item 5. Other Events
On April 7, 1998, the Company terminated acquisition discussions with
WorldPass Communications Corporation.
On April 23, 1998, the Company declared a $.01 per common share cash
dividend to shareholders of record on May 22, 1998, payable June 22, 1998.
On May 19, 1998, the Company announced the signing of a Letter of
Intent with Locus Corporation whereby the Company will acquire 100% of the
common shares of Locus for $25 million in cash and stock. Locus is a New
Jersey based telecommunications company with prepaid phonecard, prepaid
cellular, international callback and long distance products.
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 hereunto duly authorized.
DCI Telecommunications, Inc.
Joseph J. Murphy
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Joseph J. Murphy
President
Date: May 19, 1998