-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CH8O0reu2Zg9kK0gHjyot5MgZdUi5Nn1pyof3CHuYfyHiyZ5gcbv4KM71DDdUmPr C6Qh0TmUlk9dvY7Yr0sOCQ== 0001021771-03-000126.txt : 20030707 0001021771-03-000126.hdr.sgml : 20030704 20030707155817 ACCESSION NUMBER: 0001021771-03-000126 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030707 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DCAP GROUP INC/ CENTRAL INDEX KEY: 0000033992 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 362476480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-01665 FILM NUMBER: 03777045 BUSINESS ADDRESS: STREET 1: 90 MERRICK AVE STREET 2: 9TH FLOOR CITY: EAST MEADOW STATE: NY ZIP: 11554 BUSINESS PHONE: 5167946300 MAIL ADDRESS: STREET 1: 90 MERRICK AVE 9TH FLOOR STREET 2: 90 MERRICK AVE 9TH FLOOR CITY: EAST MEADOW STATE: NY ZIP: 11554 FORMER COMPANY: FORMER CONFORMED NAME: EXTECH CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: EXECUTIVE HOUSE INC DATE OF NAME CHANGE: 19911119 8-K 1 k070703.txt FORM 8-K DATED JULY 7, 2003 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 Date of Report: July 7, 2003 (Date of earliest event reported) DCAP GROUP, INC. ---------------- (Exact name of Registrant as specified in charter) Delaware 0-1665 36-2476480 --------------- -------------------- --------------------- (State or other jurisdiction (Commission File No.) (IRS Employer incorporation) Identification Number) 1158 Broadway, Hewlett, New York 11557 -------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (516) 374-7600 -------------- Item 5. Other Events and Required FD Disclosure. On July 7, 2003, DCAP Group, Inc. issued a press release (the "Press Release") with regard to its commitment from Manufacturers and Traders Trust Company to make available a credit facility of $18,000,000 to finance its premium finance operations. The Press Release is attached hereto as Exhibit 99.1. Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits. (c) Exhibits. --------- 99.1 Press Release, dated July 7, 2003 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 hereunto duly authorized. DCAP GROUP, INC. Dated: July 7, 2003 By: /s/ Barry Goldstein ---------------------------- Barry Goldstein Chief Executive Officer EX-99 3 pressrel.txt EX. 99.1 - PRESS RELEASE DATED 7/7/03 Exhibit 99.1 FOR IMMEDIATE RELEASE - --------------------- Contact: Barry Goldstein Chief Executive Officer DCAP Group, Inc. (516) 374-7600 DCAP Group Obtains Necessary Funding in connection with Premium Finance Credit Facility Commitment HEWLETT, N.Y., July 7, 2003 - As previously announced, DCAP Group, Inc. (OTCBB: DCAP), the largest chain of independent storefront insurance agencies in the northeastern United States, has obtained a commitment from Manufacturers and Traders Trust Company to make available to DCAP's wholly-owned subsidiary, Payments Inc., a credit facility of $18,000,000 to finance its premium finance operations. The two year credit facility will replace Payments Inc.'s current premium finance arrangement which is scheduled to expire on July 30, 2003. M&T's commitment to provide the credit facility is subject to a number of conditions, including Payments Inc.'s securing $3,500,000 of equity or deeply subordinated debt. DCAP has now obtained such funds, which are being held in escrow pending the completion of the M&T financing. Barry Goldstein, Chief Executive Officer of DCAP Group, stated "We are very pleased to have satisfied this condition to the M&T commitment. We look forward to a smooth transition to M&T and our new role as a principal, rather than a "broker", in the premium finance operation." The securities offered to raise the $3,500,000 were not registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. About DCAP Group DCAP Group, Inc. is the largest chain of independent storefront insurance agencies in the Northeast. With more locations in the Northeast than any storefront insurance agency chain, DCAP is focused on building its business into a community-based, one-stop financial services center. Representing such top tier carriers as Progressive Corp. and Travelers, the Company offers its retail customers insurance and other services at the most competitive rates. DCAP provides car, motorcycle, homeowner, business and life insurance. More information is available at the Company's website, www.dcapgroup.com. Forward Looking Statements Statements in this press release, other than purely historical information, including the comments regarding the Company's future plans and objectives and expected operating results, and statements of the assumptions underlying such statements, constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements contained herein are based on certain assumptions that may not be correct. They are subject to all of the risks and uncertainties incident to the Company's business that are described in the reports and statements filed by the Company with the Securities and Exchange Commission, including (among others) those listed in the Company's Form 10-KSB. -----END PRIVACY-ENHANCED MESSAGE-----