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<body lang="EN-US" link="blue" vlink="purple">
<div class="Section1">
<table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" align="left" style='border-collapse:collapse;border:none;margin-left:6.75pt;margin-right: 6.75pt'>
<tr>
<td width="624" colspan="4" valign="top" style='width:6.5in;border:none;border-top: double windowtext 2.25pt;padding:0in 0in 0in 0in'>

<p class="cvrpg17" style='line-height:normal; margin-top:0; margin-bottom:0' align="center">&nbsp;</p>

<p class="cvrpg17" style='line-height:normal; margin-top:0; margin-bottom:0' align="center">&nbsp;</p>

<p class="cvrpg17" style='line-height:normal; margin-top:0; margin-bottom:0' align="center">&nbsp;</p>

<p class="cvrpg17" style='margin-top:0;line-height:normal; margin-bottom:0' align="center"><b><font size="4" face="Times New Roman">UNITED STATES</font></b></p>

<p class="cvrpg17" style='line-height:normal; margin-top:0; margin-bottom:0' align="center"><b><font size="4" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p class="cvrpg17" style='line-height:normal; margin-top:0; margin-bottom:0' align="center"><b><font size="2" face="Times New Roman">Washington, D.C. 20549</font></b></p>

<p class="cvrpg17" style='line-height:normal; margin-top:0; margin-bottom:0' align="center">&nbsp;</p>
</td>
</tr>

<tr height="28" style='height:21.15pt'>
<td width="624" colspan="4" height="28" valign="top" style='width:6.5in;border:none; padding:0in 0in 0in 0in;height:21.15pt'>
<div class="cvrpg11ctrbld"><b><font size="3" face="Times New Roman"></font></b>
<hr size="1" width="160" style='width:120.0pt' noshade color="black" align="center">
</div>
</td>
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<tr>
<td width="624" colspan="4" valign="top" style='width:6.5in;border:none;padding: 0in 0in 0in 0in'>
<p class="cvrpg17" style='margin-top:3.0pt;line-height:normal' align="center"><b><font size="4" face="Times New Roman">FORM 8-K</font></b></p>
</td>
</tr>

<tr height="23" style='page-break-inside:avoid;height:17.1pt'>
<td width="624" colspan="4" height="23" valign="top" style='width:6.5in;border:none; padding:0in 0in 0in 0in;height:17.1pt'>
<div class="cvrpg11ctrbld" style='margin-top:10.0pt'><b><font size="1" face="Times New Roman"></font></b>
<hr size="1" width="160" style='width:120.0pt' noshade color="black" align="center">
</div>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="624" colspan="4" valign="top" style='width:6.5in;border:none;padding: 0in 0in 0in 0in'>
<p class="cvrpg11ctrbld" style='margin-top:10.0pt' align="center"><b><font size="2" face="Times New Roman">CURRENT REPORT</font></b></p>
</td>
</tr>

<tr height="39" style='page-break-inside:avoid;height:29.25pt'>
<td width="624" colspan="4" height="39" style='width:6.5in;border:none;padding: 0in 0in 0in 0in;height:29.25pt'>
<p class="cvrpg11ctrbld" align="center"><b><font size="2" face="Times New Roman">Pursuant to Section 13 or 15(d) of the<br>
 Securities Exchange Act of 1934</font></b></p>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="624" colspan="4" valign="top" style='width:6.5in;border:none;padding: 0in 0in 0in 0in'>
<p class="cvrpg11ctrbld" style='margin-top:10.0pt' align="center"><font size="2" face="Times New Roman">Date of Report: (Date of earliest event reported):</font>
<b> <font size="2">September 4, 2007</font></b></p>
</td>
</tr>

<tr>
<td width="624" colspan="4" valign="top" style='width:6.5in;border:none;padding: 0in 0in 0in 0in'>
<p class="cvrpg17" style='margin-top:12.0pt;line-height:normal' align="center"><b><font size="4" face="Times New Roman Bold">
METRO ONE TELECOMMUNICATIONS, INC.</font></b></p>
</td>
</tr>

<tr>
<td width="624" colspan="4" valign="top" style='width:6.5in;border:none;padding: 0in 0in 0in 0in'>
<p class="cvrpg8" align="center"><font size="2" face="Times New Roman">(Exact name of registrant as specified in its charter)</font></p>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="312" colspan="2" valign="top" style='width:3.25in;border:none; padding:0in 0in 0in 0in'>
<p class="cvrpg11ctrbld" style='margin-top:6.0pt'><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td width="312" colspan="2" valign="top" style='width:3.25in;border:none; padding:0in 0in 0in 0in'>
<p class="cvrpg11ctrbld" style='margin-top:6.0pt'><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="208" valign="top" style='width:156.0pt;border:none;padding:0in 0in 0in 0in'>
<p class="cvrpg11ctrbld" style='margin-top:6.0pt' align="center"><b><font size="2" face="Times New Roman">Oregon</font></b></p>
</td>
<td width="208" colspan="2" valign="top" style='width:156.0pt;border:none; padding:0in 0in 0in 0in'>
<p class="cvrpg11ctrbld" style='margin-top:6.0pt' align="center"><b><font size="2" face="Times New Roman">00</font><font size="2">0-27024</font></b></p>
</td>
<td width="208" valign="top" style='width:156.0pt;border:none;padding:0in 0in 0in 0in'>
<p class="cvrpg11ctrbld" style='margin-top:6.0pt' align="center"><b><font size="2" face="Times New Roman">93-0995165</font></b></p>
</td>
</tr>

<tr>
<td width="208" valign="top" style='width:156.0pt;border:none;padding:0in 0in 0in 0in'>
<p class="cvrpg8" align="center"><font size="2" face="Times New Roman">(State or other jurisdiction of<br>
 incorporation or organization)</font></p>
</td>
<td width="208" colspan="2" valign="top" style='width:156.0pt;border:none; padding:0in 0in 0in 0in'>
<p class="cvrpg8" align="center"><font size="2" face="Times New Roman">(Commission File Number)</font></p>
</td>
<td width="208" valign="top" style='width:156.0pt;border:none;padding:0in 0in 0in 0in'>
<p class="cvrpg8" align="center"><font size="2" face="Times New Roman">(I.R.S. Employer<br>
 Identification Number)</font></p>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="624" colspan="4" valign="top" style='width:6.5in;border:none;padding: 0in 0in 0in 0in'>
<p class="cvrpg11ctrbld" style='margin-top:6.0pt' align="center"><b><font size="2" face="Times New Roman">11220 Murray Scholls Place<br>
 Beaverton, Oregon 97007</font></b></p>
</td>
</tr>

<tr height="24" style='page-break-inside:avoid;height:.25in'>
<td width="624" colspan="4" height="24" valign="top" style='width:6.5in;border:none; padding:0in 0in 0in 0in;height:.25in'>
<p class="cvrpg8" align="center"><font size="2" face="Times New Roman">(Address of principal executive offices)</font></p>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="624" colspan="4" valign="top" style='width:6.5in;border:none;padding: 0in 0in 0in 0in'>
<p class="cvrpg8" align="center"><b><font size="2" face="Times New Roman">(503) 643-9500</font></b></p>
</td>
</tr>

<tr height="25" style='page-break-inside:avoid;height:18.9pt'>
<td width="624" colspan="4" height="25" valign="top" style='width:6.5in;border:none; padding:0in 0in 0in 0in;height:18.9pt'>
<p class="cvrpg8" align="center"><font size="2" face="Times New Roman">(Registrant&rsquo;s telephone number, including area code)</font></p>
</td>
</tr>

<tr height="60" style='page-break-inside:avoid;height:45.0pt'>
<td width="624" colspan="4" height="60" valign="top" style='width:6.5in;border:none; padding:0in 0in 0in 0in;height:45.0pt'>
<p class="cvrpg8" align="center" style="margin-bottom: 0"><b><font size="2" face="Times New Roman">Not applicable</font></b></p>

<p class="cvrpg8" align="center" style="margin-top: 0"><font size="2" face="Times New Roman">
(Former name or former address, if changed since last report)</font></p>
</td>
</tr>

<tr>
<td width="624" colspan="4" valign="top" style='width:6.5in;border:none;border-bottom: double windowtext 2.25pt;padding:0in 0in 0in 0in'>
<p><font size="2" face="Times New Roman">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):</font></p>

<p style='margin-left:14.25pt;text-indent:-14.25pt'><font size="2" face="Times New Roman">[&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p style='margin-left:14.25pt;text-indent:-14.25pt'><font size="2" face="Times New Roman">[&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style='margin-left:14.25pt;text-indent:-14.25pt'><font size="2" face="Times New Roman">[&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p class="MsoBodyText3" style='margin-left:14.25pt;text-indent:-14.25pt'><font size="2" face="Times New Roman">[&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p class="MsoBodyText3" style='margin-left:14.25pt;text-indent:-14.25pt'><font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoBodyText3"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoBodyText3"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="0">
<td width="208" style='border:none'></td>
<td width="104" style='border:none'></td>
<td width="104" style='border:none'></td>
<td width="208" style='border:none'></td>
</tr>
</table>
</div>

<font size="2" face="Times New Roman"><br clear="all" style='page-break-before:always'>
</font>

<div class="Section2">
<p class="MsoBodyText" style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt; margin-left:0in;text-indent:0in'><b><font size="2" face="Times New Roman">Item 8.01.&nbsp; Other Events.</font></b></p>

<p class="MsoBodyText" style='margin-top:6.0pt; text-indent:0.5in'><font size="2" face="Times New Roman">As reported in the Quarterly Report on Form 10-Q filed by Metro One Telecommunications, Inc. (the &ldquo;Company&rdquo;) for the period ended June 30, 2007, the benefactor of a
letter of credit maintained by the Company in the amount of $4,741,000 related to its workers&rsquo; compensation program agreed to a reduction in the amount of the letter of credit to $3,000,000 based on lower than expected workers&rsquo; compensation claims.&nbsp;
On August 31, 2007, the amount payable under the letter of credit and the certificate of deposit were reduced by $1,741,000 resulting in an increase in the Company&rsquo;s cash and cash equivalents and a reduction of its restricted cash to $3,000,000.</font></p>

<p class="MsoBodyText" style='margin-top:6.0pt; text-indent:0.5in'><font size="2" face="Times New Roman">On September 5, 2007, the Company issued a press release announcing the release of $1.7 million from its restricted cash balance.&nbsp; A copy of this press release is attached
hereto as Exhibit&nbsp;99.1.</font></p>

<p class="MsoNormal" style='text-indent:0in'><b><font size="2" face="Times New Roman">Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits</font></b></p>

<p class="MsoNormal" style="text-indent: 0.5in"><font size="2" face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Exhibits.</i></font></p>

<p class="MsoNormal" style="text-indent: 0.5in"><font size="2" face="Times New Roman">The following exhibits are filed with this report on Form 8-K:</font></p>

<p class="MsoNormal"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="93%" style='width:93.0%;margin-left:.5in;border-collapse:collapse'>
<tr>
<td width="19%" valign="top" style='width:19.0%;border:none;border-bottom:solid windowtext 1.0pt; padding:0in 0in 0in 0in' align="center">
<p class="MsoNormal"><font size="2" face="Times New Roman">Exhibit&nbsp;No.</font></p>
</td>
<td width="8%" valign="bottom" style='width:8.84%;padding:0in 0in 0in 0in'>
<p class="MsoNormal"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td width="72%" valign="top" style='width:72.16%;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
<p class="MsoNormal"><font size="2" face="Times New Roman">Description</font></p>
</td>
</tr>

<tr>
<td width="19%" valign="top" style='width:19.0%;padding:0in 0in 0in 0in' align="center">
&nbsp;</td>
<td width="8%" valign="bottom" style='width:8.84%;padding:0in 0in 0in 0in'>
&nbsp;</td>
<td width="72%" valign="top" style='width:72.16%;padding:0in 0in 0in 0in'>
&nbsp;</td>
</tr>

<tr>
<td width="19%" valign="top" style='width:19.0%;padding:0in 0in 0in 0in' align="center">
<p class="MsoNormal"><font size="2" face="Times New Roman">99.1</font></p>
</td>
<td width="8%" valign="bottom" style='width:8.84%;padding:0in 0in 0in 0in'>
<p class="MsoNormal"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td width="72%" valign="top" style='width:72.16%;padding:0in 0in 0in 0in'>
<p class="MsoNormal"><font size="2" face="Times New Roman">Press Release, dated September 5, 2007</font></p>
</td>
</tr>
</table>

<p class="MsoNormal" style='margin-top:6.0pt;margin-right:0in;margin-bottom:6.0pt; margin-left:0in;text-indent:0in'><font size="2" face="Times New Roman">&nbsp;</font></p>

<font size="2" face="Times New Roman"><br clear="all" style='page-break-before:always'>
</font>

<p class="MsoBodyText" align="center" style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;text-indent:0in'><b><font size="2" face="Times New Roman">SIGNATURE</font></b></p>

<p class="MsoNormal" style="text-indent: 0.5in"><font size="2" face="Times New Roman">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.</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; " width="75%" bordercolorlight="#FFFFFF" bordercolordark="#FFFFFF" bgcolor="#FFFFFF">
  <tr>
    <td width="41%">&nbsp;</td>
    <td width="59%" colspan="2"><font face="Times New
Roman" size="2">METRO ONE TELECOMMUNICATIONS, INC.</font></td>
  </tr>
  <tr>
    <td width="41%">&nbsp;</td>
    <td width="59%" colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td width="41%"><font size="2" face="Times New Roman">Date: September 4,
    2007</font></td>
    <td width="5%"><font size="2">By:</font></td>
    <td width="54%">
    <div style="border-bottom-style: solid; border-bottom-width: 1">
      <font size="2">/s/ William K. Hergenhan</font></div>
    </td>
  </tr>
  <tr>
    <td width="41%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="54%">
      <font size="2">William K. Hergenhan</font><font size="2" face="Times New Roman">,
    Chief Financial Officer</font></td>
  </tr>
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{"company-data": {"conformed-name": "METRO ONE TELECOMMUNICATIONS INC", "cik": "0000920990", "assigned-sic": "4899", "irs-number": "930995165", "state-of-incorporation": "OR", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27024", "film-number": "071098115"}, "business-address": {"street1": "11200 MURRAY SCHOLLS PLACE", "city": "BEVERTON", "state": "OR", "zip": "97007", "phone": "5036439500"}, "mail-address": {"street1": "11200 MURRAY SCHOLLS PLACE", "city": "BEAVERTON", "state": "OR", "zip": "97007"}, "former-company": {"former-conformed-name": "METRO ONE DIRECT INFORMATION SERVICES INC", "date-changed": "19950215"}}
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):
September 4, 2007
METRO ONE TELECOMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Oregon
00
0-27024
93-0995165
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification Number)
11220 Murray Scholls Place
Beaverton, Oregon 97007
(Address of principal executive offices)
(503) 643-9500
(Registrant's telephone number, including area code)
Not applicable
(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 8.01.  Other Events.
As reported in the Quarterly Report on Form 10-Q filed by Metro One Telecommunications, Inc. (the "Company") for the period ended June 30, 2007, the benefactor of a
letter of credit maintained by the Company in the amount of $4,741,000 related to its workers' compensation program agreed to a reduction in the amount of the letter of credit to $3,000,000 based on lower than expected workers' compensation claims. 
On August 31, 2007, the amount payable under the letter of credit and the certificate of deposit were reduced by $1,741,000 resulting in an increase in the Company's cash and cash equivalents and a reduction of its restricted cash to $3,000,000.
On September 5, 2007, the Company issued a press release announcing the release of $1.7 million from its restricted cash balance.  A copy of this press release is attached
hereto as Exhibit 99.1.
Item 9.01               Financial Statements and Exhibits
(d)
Exhibits.
The following exhibits are filed with this report on Form 8-K:
Exhibit No.
Description
99.1
Press Release, dated September 5, 2007
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.
METRO ONE TELECOMMUNICATIONS, INC.
Date: September 4,
    2007
By:
/s/ William K. Hergenhan
William K. Hergenhan
,
    Chief Financial Officer