-----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, IgVGhk7J2yy3Fx+S+HmjE9V4ZiTW24QU1EKw4Or2aiunqPo0d0dI4jFRFgnReSqB gM0LjiTPDFSsHDqExvI1yA== 0001019687-05-001208.txt : 20050429 0001019687-05-001208.hdr.sgml : 20050429 20050429155621 ACCESSION NUMBER: 0001019687-05-001208 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20050429 DATE AS OF CHANGE: 20050429 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ILINC COMMUNICATIONS INC CENTRAL INDEX KEY: 0001042291 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 760545043 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60017 FILM NUMBER: 05785847 BUSINESS ADDRESS: STREET 1: 2999 NORTH 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 BUSINESS PHONE: 6029521200 MAIL ADDRESS: STREET 1: 2999 N 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 FORMER COMPANY: FORMER CONFORMED NAME: EDT LEARNING INC DATE OF NAME CHANGE: 20010814 FORMER COMPANY: FORMER CONFORMED NAME: E-DENTIST COM INC DATE OF NAME CHANGE: 20001114 FORMER COMPANY: FORMER CONFORMED NAME: PENTEGRA DENTAL GROUP INC DATE OF NAME CHANGE: 19970822 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ILINC COMMUNICATIONS INC CENTRAL INDEX KEY: 0001042291 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 760545043 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 2999 NORTH 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 BUSINESS PHONE: 6029521200 MAIL ADDRESS: STREET 1: 2999 N 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 FORMER COMPANY: FORMER CONFORMED NAME: EDT LEARNING INC DATE OF NAME CHANGE: 20010814 FORMER COMPANY: FORMER CONFORMED NAME: E-DENTIST COM INC DATE OF NAME CHANGE: 20001114 FORMER COMPANY: FORMER CONFORMED NAME: PENTEGRA DENTAL GROUP INC DATE OF NAME CHANGE: 19970822 SC TO-I/A 1 ilinc_sctoa3-042905.txt AMENDMENT NO. 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 3 TO SCHEDULE TO (RULE 14D-100) TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 iLINC COMMUNICATIONS, INC. (Name of Subject Company and Filing Person (Issuer)) 12% Convertible Subordinated Notes Due 2012 (Title of Class of Securities) 451724108 (CUSIP Number of Class of Securities) James M. Powers, Jr. Chairman of Board of Directors, President and Chief Executive Officer iLinc Communications, Inc. 2999 N. 44th Street, Suite 650 Phoenix, AZ 85018 (602) 952-1200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Filing Person) COPY TO: Richard S. Roth, Esq. Jackson Walker L.L.P. 1401 McKinney St, Suite 1900 Houston, TX 77010 (713) 752-4209 CALCULATION OF FILING FEE TRANSACTION VALUATION AMOUNT OF FILING FEE $5,625,000 $672.44** ** PREVIOUSLY PAID [ ] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. - ------------------------------------------------------------ ------------------- Amount Previously Paid: Filing Party: - ------------------------------------------------------------ ------------------- Form or Registration No.: Date Filed: - ------------------------------------------------------------ ------------------- [ ] Check the box if the filing relates solely to preliminary communications made before commencement of a tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: [ ] Third party tender offer subject to Rule 14d-1. [X] Issuer tender offer subject to Rule 13e-4. [ ] Going private transaction subject to Rule 13e-3. [ ] Amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: [ ] THIS AMENDMENT NO. 3 TO SCHEDULE TO AMENDS THE ITEMS SET FORTH BELOW. ITEM 1. SUMMARY TERM SHEET. iLinc Communications, Inc. ("iLinc") announced on April 29, 2005 that it was terminating its Offer to Exchange dated March 1, 2005 (the "Offer to Exchange"). iLinc, pursuant to rights reserved in its Offer to Exchange and the Supplement No. 1 to its Offer to Exchange dated March 10, 2005, has determined that, due to developments in its business and financial affairs, the benefits of the Offer to Exchange have been materially impaired. As such, iLinc has determined, in its reasonable judgment, that it is in the best interests of iLinc, its shareholders and its note holders to terminate the Offer to Exchange effective upon making public notice thereof. Pursuant to Rule 13e-4(f)(5), iLinc shall promptly return all tendered notes to the tendering note holders without cost to such tendering note holders. ITEM 2. SUBJECT COMPANY INFORMATION. This item is amended by the information set forth under Item 1 above. ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON. This item is amended by the information set forth under Item 1 above. ITEM 4. TERMS OF THE TRANSACTION. This item is amended by the information set forth under Item 1 above. ITEM 5. PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AMENDMENTS. This item is amended by the information set forth under Item 1 above. ITEM 6. PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS. This item is amended by the information set forth under Item 1 above. ITEM 7. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. This item is amended by the information set forth under Item 1 above. ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY. This item is amended by the information set forth under Item 1 above. ITEM 9. PERSONS/ASSETS RETAINED, EMPLOYED, COMPENSATED OR USED. This item is amended by the information set forth under Item 1 above. ITEM 10. FINANCIAL STATEMENTS. This item is amended by the information set forth under Item 1 above. 2 ITEM 11. ADDITIONAL INFORMATION. This item is amended by the information set forth under Item 1 above. ITEM 12. EXHIBITS. This item is amended by the information set forth under Item 1 above. (a)(1)(viii) Press Release, dated April 29, 2005 3 SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. iLinc Communications, Inc. By: /s/ James M. Powers, Jr. -------------------------------- Name: James M. Powers, Jr. Title: Chairman of the Board of Directors, President and Chief Executive Officer April 29, 2005 4 EX-99.1 2 ilinc_sctoa3ex99-1.txt iLinc Communications CONTACT: JAMES M. POWERS, JR. PRESIDENT AND CHIEF EXECUTIVE OFFICER (602) 952-1200 ILINC COMMUNICATIONS TERMINATES TENDER OFFER -------------------------------------------- PHOENIX, Arizona (April 29, 2005) iLinc Communications, Inc. (AMEX:ILC), developers of one of the most feature-rich and secure Web conferencing and integrated audio conferencing solutions, today announced that it is terminating its previously announced offer to exchange its common stock and warrants to purchase common stock for its outstanding 12% convertible subordinated promissory notes. The Company decided to terminate the tender offer because, in the Company's judgment, the Company's recent financial performance considered in light of the trading price of the Company's common stock, indicated that the dilution that would have occurred to existing holders of common stock now is too great and materially impairs the contemplated benefits of the offer at the time it was commenced. All notes tendered to the Company will be promptly returned to the tendering holders. The Company will instead address funding its growth, capital needs and adjustments to its capital structure through other means. Alternatives under consideration include raising additional capital that could be used to extinguish debt or provide funding for further growth. ABOUT ILINC COMMUNICATIONS, INC. iLinc Communications, Inc. is a leading developer of conferencing products and services for highly secure and cost-effective collaborative online meetings, presentations, and training sessions. The Company provides integrated Web and audio conferencing as a Web-based service, onsite installable software, or through hybrid ownership licensing in which customers pay a one-time fee for unlimited conferencing yet the software is hosted by iLinc. Our products and services include the iLinc suite of Web Conferencing software (MeetingLinc, LearnLinc, ConferenceLinc, and SupportLinc); Phone (Audio) Conferencing Services; On-Demand Conferencing; and EventPlus, a service for professionally managed online and audio conferencing events. iLinc's products and services are used by organizations worldwide in sales, HR and training, marketing, and customer support. More information about the Phoenix-based company may be found on the Web at www.iLinc.com. THIS PRESS RELEASE CONTAINS INFORMATION THAT CONSTITUTES FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ANY SUCH FORWARD-LOOKING STATEMENTS INVOLVE RISK AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS DESCRIBED WITHIN THE FORWARD-LOOKING STATEMENTS. FACTORS THAT COULD CONTRIBUTE TO SUCH DIFFERENCES INCLUDE THE RATE OF ACCEPTANCE OF THE COMPANY'S PRODUCTS AND SERVICES BY CUSTOMERS, CHANGES IN THE WEB CONFERENCING AND AUDIO CONFERENCING MARKET IN GENERAL, THE ACCEPTANCE OF NEW PRODUCTS, THE COMPANY'S NEED FOR WORKING CAPITAL, THE RESULT OF PENDED LITIGATION, THE COMPETITION THE COMPANY FACES FROM LARGER AND MORE WELL-CAPITALIZED COMPETITORS, AND OTHER MATTERS MORE FULLY DISCLOSED IN THE COMPANY'S ANNUAL REPORT ON FORM 10-K, QUARTERLY REPORTS ON FORM 10-Q, AND OTHER REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE FORWARD-LOOKING INFORMATION PROVIDED HEREIN REPRESENTS THE COMPANY'S ESTIMATES AND EXPECTATIONS AS OF THE DATE OF THE PRESS RELEASE, AND SUBSEQUENT EVENTS AND DEVELOPMENTS MAY CAUSE THE COMPANY'S ESTIMATES AND EXPECTATIONS TO CHANGE. THE COMPANY SPECIFICALLY DISCLAIMS ANY OBLIGATION TO UPDATE THE FORWARD-LOOKING INFORMATION IN THE FUTURE. THEREFORE, THIS FORWARD-LOOKING INFORMATION SHOULD NOT BE RELIED UPON AS REPRESENTING THE COMPANY'S ESTIMATES AND EXPECTATIONS OF ITS FUTURE FINANCIAL PERFORMANCE AS OF ANY DATE SUBSEQUENT TO THE DATE OF THIS PRESS RELEASE. -END- -----END PRIVACY-ENHANCED MESSAGE-----