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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): August 10, 1998
SMARTALK TELESERVICES, INC.
(Exact name of registrant as specified in its charter)
CALIFORNIA 0-21579 95-4502740
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
5080 TUTTLE CROSSING BOULEVARD 43017
DUBLIN, OHIO (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code: (614) 789-8500
No Change
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(Former name or former address, if changed since last report)
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Item 5. Other
On August 10, 1998, SmarTalk TeleServices, Inc. (the "Company") announced that
it would postpone the release of its quarterly results for the quarter ended
June 30, 1998. The Company's independent accountants, PricewaterhouseCoopers,
LLP ("PwC"), recently informed management about potentially significant issues
with the Company's accounting treatment for acquisitions that occurred during
1997 and certain other items relating to 1997. The Company intends to evaluate
and promptly resolve these issues and then release its results for the quarter
ended June 30, 1998. The accounting treatment of these transactions was
previously reviewed by PwC in connection with the Company's annual audit. The
Company's anticipated second quarter, year-end and prior quarterly results
could be materially affected by any adjustments resulting from this accounting
review.
The information set forth in the press release attached hereto as Exhibit 99.1
is incorporated herein by reference in its entirety.
Item 7. Exhibit
Exhibit No. Description
99.1 Press Release: SmarTalk Postpones Announcement of Second
Quarter Results, dated August 10, 1998.
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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.
SMARTALK TELESERVICES, INC.
(Registrant)
Date: August 13, 1998 /s/ Thaddeus Bereday
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(Signature)
Thaddeus Bereday
Vice President and General Counsel