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): June 25, 1998
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METRO ONE TELECOMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Oregon 0-27024 93-0995165
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
8405 SW Nimbus Avenue, Beaverton, Oregon 97008
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (503) 643-9500
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Item 5. OTHER EVENTS.
On June 25, 1998, the Company announced that its contract with BellSouth
Cellular and portions of its contract with Ameritech Cellular are not expected
to be renewed when they conclude this year. The company also announced that
revenues in its second quarter ending June 30, 1998 are expected to be greater
than current investor expectations. Second quarter revenues are currently
expected to be in the range of $10.7 to $10.9 million, nearly double 1997 second
quarter revenues of $5.5 million. Reference is made to the press release filed
as Exhibit 99 hereto.
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, thereunto duly authorized.
METRO ONE TELECOMMUNICATIONS, INC.
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(Registrant)
Date: June 30, 1998
By:/s/ Stebbins B. Chandor, Jr.
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Stebbins B. Chandor, Jr.
Senior Vice President
Chief Financial Officer
EXHIBIT INDEX
The following Exhibits are hereby filed as part of this Current Report on Form
8-K:
Exhibit
Number Description
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99 Press Release, dated June 25, 1998