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
Date of Report (Date of earliest event reported): May 14, 2003
Daleen Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-27491 65-0944514
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
902 Clint Moore Road, Suite 230, Boca Raton, Florida 33487
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (561) 999-8000
Item 5. Other Events.
Daleen Technologies, Inc. (the "Company") reports that on May 14, 2003, the
Company's largest outsourcing service customer, Allegiance Telecom, Inc. and its
affiliates ("Allegiance"), announced that it had filed for relief under Chapter
11 of the U.S. Bankruptcy Code. We believe that the Company provides services
that are critical to the operations of Allegiance and that the Company is a
"critical vendor" to Allegiance. The Company is in discussions with Allegiance
to confirm its "critical vendor" status and to make arrangements for the Company
to continue to provide services and receive payments for services. The Company's
last due invoice was paid on schedule and we anticipate discussing payments that
will be coming due this month. While the Company anticipates that it will
continue to do business with Allegiance while it restructures its operations,
there can be no assurance that this business relationship will continue during
the course of the Chapter 11 proceedings. If Allegiance ceases to do business
with the Company and the Company fails to obtain additional financing or fails
to engage in one or more strategic alternatives, it may have a material adverse
effect on the Company's ability to continue to operate as a going concern.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits
None
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.
DALEEN TECHNOLOGIES, INC.
By: /s/ Jeanne T. Prayther
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Jeanne T. Prayther
Chief Financial Officer
Dated: May 21, 2003