UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 10, 2002
Commission File Number 0-30745
INTERCALLNET, INC.
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(Exact name of registrant as specified in its charter)
Florida 88-0426807
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization Identification No.)
6340 NW 5th Way
Fort Lauderdale, FL 33309
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code (954) 315-3100
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Former name or former address, if changed since last report
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
See Item 5. below.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not Applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not Applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not Applicable.
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
Intercallnet, Inc. (the "Company") has been advised by Stanford
Venture Capital Holdings, Inc. ("Stanford") of the Company's purported
default under the terms of a $1.5 million dollar promissory note and
related documentation pursuant to which the principal amount of $962,000
has been advanced to date.
Accordingly, Stanford has declined to fund an additional $150,000 which
was scheduled to be funded on September 15, 2002.
The Company has entered into negotiations with Stanford and the various
holders of the Company's Series B Preferred Stock and promissory notes
(collectively, the "Senior Security Holders"). Although the Company, in
consultation with Stanford, has proposed a definitive restructuring plan to the
Senior Security Holders, the Company has not entered into a definitive
restructuring plan nor can there be any assurance that such a plan will ever be
consummated with any or all of the Senior Security Holders.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not Applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable
ITEM 8. CHANGE IN FISCAL YEAR
Not Applicable
ITEM 9. REGULATION FD DISCLOSURE
Not Applicable
SIGNATURES
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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.
INTERCALLNET, INC.
October 3, 2002 By: /s/ George Pacinelli
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George Pacinelli, President