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): June 4, 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") previously reported 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. The Company previously
reported that the last due invoice was paid by Allegiance on schedule. Since
that time, the check representing such payment was not honored upon attempts by
the Company to deposit such funds. The Company is actively continuing to discuss
with Allegiance this payment and other payments that are due and that will be
coming due. 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: June 4, 2003