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 23, 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
Page 1 of 3 pages.
Item 5. Other Events.
Daleen Technologies, Inc. (the "Company") reports that it has received
payment from Allegiance Telecom, Inc. ("Allegiance"), the Company's largest
outsourcing services customer, for a portion of amounts due to the Company for
services performed prior to the filing by Allegiance on May 14, 2003 for relief
under Chapter 11 of the U.S. Bankruptcy Code. The Company also received from
Allegiance, on a timely basis, payment for post-petition services provided by
the Company. Since the Allegiance filing, the Company has continued to provide
outsourcing services to Allegiance in the ordinary course of business between
the parties. 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 operate as a going concern.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits
None
Page 2 of 3 pages.
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: June 23, 2003
Page 3 of 3 pages.