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) October 30, 2001
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Internet Commerce & Communications, Inc.
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(Exact name of Registrant as specified in charter)
Delaware
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(State or other jurisdiction of incorporation)
001-12063 84-1322326
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(Commission File Number) (IRS Employee Identification No.)
7100 East Belleview Avenue, Suite 201, Greenwood Village, Colorado 80111
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 414-7100
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Internet Commerce & Communications, Inc.
999 Eighteenth Street, Suite 2201, Denver, Colorado 80202
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(Former name or former address, if changed since last report)
Item 2. Disposition of Assets
By Order entered on October 30, 2001, the Bankruptcy Court for the
District of Colorado approved the sale substantially all of the assets of
Internet Commerce & Communications, Inc. (IC&C) to ICC Speed Cell L.L.C., a
Colorado limited liability company (Speed Cell), Excluded from the sale were
all accounts receivable, the rights under the contract with EarthLink, and the
assets associated with the Tucson, AZ office.
The consideration for the sale was the sum of $1,100,000, cash,
payable on or before November 13, 2001, and the assumption by Speed Cell of
certain liabilities of IC&C. The sales price was negotiated by the Seller and
Purchaser in good faith, and from arm's length bargaining positions. IC&C, and
its officers and directors, hold no interest in Speed Cell and Speed Cell and
its officers and directors hold no interest in IC&C.
Speed Cell is a unit of Texas-based Speed Cell Communication, LLC, Ron
Pitcock, President and CEO of Speed Cell is a 27-year veteran in broadband
communication, including cable television, telephone and wireless
communications platforms. He founded and served as President of Denver-based
High Speed Access Corp., and is also co-founder of Texas-based Speed Cell
Communications, LLC.
The Speed Cell operations will be conducted at the offices at 7100 E.
Belleview Ave., Suite 201., Greenwood Village, CO, which were formerly occupied
by IC&C. IC&C will also continue to maintain an office at this address.
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.
Internet Commerce & Communications, Inc.
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(Registrant)
Date: November 7, 2001 By: /s/ DOUGLAS H. HANSON
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Douglas H. Hanson
Chairman, Chief Executive Officer, and President