UNITED STATES
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
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Date of Report (Date of earliest event reported): March 3, 2005
GTC Telecom Corp.
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(Exact name of registrant as specified in its charter)
Nevada
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(State or other jurisdiction of incorporation)
0-25703 88-0318246
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(Commission File Number) (IRS Employer Identification No.)
3151 Airway Ave., Suite P-3
Costa Mesa, CA 92626
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (714) 549-7700
N/A
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 3, 2005, GTC Telecom Corp. (the "Company") restructured its leases for
its Costa Mesa facility, entering into two new lease agreements for the
aggregate lease of approximately 5,137 square feet of office space at a monthly
rental rate of $9,696.45 with Southern California Sunbelt Developers, Inc.
("SCSD"). This facility serves as the Company's corporate headquarters and
domestic customer service operations. The lease is for a term of one year with
options to renew for two additional one year terms.
There are no other material relationship between the Company or its affiliates
and SCSD other than in respect of the material definitive agreement.
SIGNATURES
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.
Dated: March 7, 2005 GTC TELECOM CORP.
By: /s/ S. Paul Sandhu
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S. Paul Sandhu
Chief Executive Officer