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EX-99.1 - PRESS RELEASE - DELTATHREE INCv213751_ex99-1.htm

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 (Date of earliest event reported): March 4, 2011                                 
 
deltathree, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
(State or other jurisdiction of incorporation)
     
000-28063
 
13-4006766
(Commission File Number)
 
(IRS Employer Identification No.)
     
     
224 West 35th Street, New York, N.Y.
 
10001
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code:                   (212) 500-4850                                        

               
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
 
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

As more fully described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 3, 2011, each of deltathree, Inc., Delta Three Israel, Ltd. and DME Solutions, Inc. (collectively, the “Deltathree Entities”) entered into the Third Loan and Security Agreement (the “Loan Agreement”) with D4 Holdings, LLC (“D4 Holdings”) on March 2, 2011, pursuant to which D4 Holdings provided to the Deltathree Entities a line of credit in a principal amount of $1,600,000.    

On March 4, 2011, deltathree, Inc. received $400,000 from D4 Holdings pursuant to a notice of borrowing under the Loan Agreement.

Item 8.01.
Other Events.

On March 7, 2011, the Company issued a press release announcing that the Company's common stock is now being quoted and traded exclusively on the OTCQB electronic quotation and trading system. The press release is furnished herewith as Exhibit 99.1.
 
Item 9.01.
Financial Statements and Exhibits.
 
(d)  Exhibits
 
Exhibit No.
      
Document
     
99.1
 
Press release issued by the Company dated March 7, 2011.
 
 
 

 
 
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.
 
 
DELTATHREE, INC.
     
 
By:
/s/ Peter Friedman
 
Name:
Peter Friedman
 
Title:
General Counsel and Secretary
 
Dated: March 7, 2011