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): July 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") announced today that it
has received payment from Allegiance Telecom, Inc. ("Allegiance")
under the terms of the Order Pursuant to Section 105(a) of the
Bankruptcy Code Authorizing Payment of Prepetition Claims of
Critical Vendors (the "Order"), entered in the case styled In re
Allegiance Telecom, Inc., et al., case no. 03-13057 (RDD),
pending in the United States Bankruptcy Court for the Southern
District of New York. This payment (in addition to amounts
received as reported on June 23, 2003) represents payment in full
for prepetition claims of the Company, and releases Allegiance
from any further payment to the Company of prepetition claims. As
a critical vendor, the Company believes it will continue to
receive payment for services rendered to Allegiance post-petition
in accordance with the terms of the Order; however, there can be
no assurance that this business relationship will continue during
the course of the bankruptcy 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 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 Prayther
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Jeanne Prayther
Chief Financial Officer
Dated: July 14, 2003