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): November 19, 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.
On October 30, 2003, Daleen Solutions, Inc. ("Daleen Solutions"), an indirect
wholly owned subsidiary of Daleen Technologies, Inc. (the "Company"), delivered
to Allegiance Telecom Company Worldwide ("Allegiance") a Notice of Election Not
to Renew the BillingCentral Agreement between the parties under the current
contractual terms. On October 31, 2003, Daleen Solutions filed its Motion of
Daleen Solutions, Inc. for Relief From the Automatic Stay Under Section 362 of
the Bankruptcy Code (the "Motion") and subsequently delivered a second Notice of
Election Not to Renew. On November 19, 2003, the Bankruptcy Court denied the
Motion. As a result of the denial of the Motion, the Billing Agreement will
renew on December 31, 2003 for an additional one year term on the same terms and
conditions as the existing Billing Agreement. If Allegiance ceases to do
business with the Company and the Company fails to continue to obtain other
revenue sources or fails to obtain additional financing or to engage in one or
more strategic alternatives, it may have a material adverse effect on the
Company's business, financial condition and results of operations.
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/ Gordon Quick
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Gordon Quick
President and Chief Executive Officer
Dated: November 21, 2003