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): March 18, 1996 AMERICONNECT, INC. (Exact name of registrant as specified in its charter) Delaware 0-18654 48-1056927 (State or other (Commission File Number) (IRS Employer jurisdiction of Identification No.) incorporation) 6750 West 93rd Street, Suite 110, Overland Park, Kansas 66212 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code:(913) 341-8888 ________________________________ (Former name, former address, if changed since last report) ITEM 5. OTHER EVENTS. AmeriConnect, Inc. ("AmeriConnect") and Phoenix Network, Inc. ("Phoenix") issued a joint press release on March 18, 1996, a copy of which is attached hereto as Exhibit 99, relating to their announcement that they have extended the term of their letter of intent to merge AmeriConnect and Phoenix in a stock-for-stock transaction. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS. 99 Press Release, issued March 18, 1996 SIGNATURE 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. AMERICONNECT, INC. Date: March 18, 1996 By: /s/ Robert R. Kaemmer Robert R. Kaemmer Chairman of the Board, Chief Executive Officer and President EXHIBIT INDEX Exhibit Sequentially Number Exhibit Numbered Page 99 Press Release, issued March 18, 1996 5 EXHIBIT 99 NEWS RELEASE Phoenix Network and AmeriConnect Extend Letter of Intent SAN FRANCISCO, CA; OVERLAND PARK, KS -- March 18, 1996 -- Phoenix Network, Inc. (AMEX:PHX), a San Francisco, California-based long distance reseller and provider of value-added telecommunications services, and AmeriConnect, Inc. (NASDAQ:AMCT), an Overland Park, Kansas-based long distance reseller and provider of value-added telecommunications services, announced today that they have extended the term of the letter of intent to merge the two long distance companies in a stock-for-stock transaction. The parties intend to continue negotiating a definitive merger agreement which they currently expect to enter into within the next several weeks. The parties now expect the closing to take place on or about July 15, 1996, pending the obtaining of all necessary regulatory approvals and approval of the shareholders of both parties. Contact: Phoenix Network, Mary Ellen Warner, Investor Relations, at (415) 399-3352; AmeriConnect, Janet Flynn, Investor Relations, at (913) 341-8888.