<HTML>
<HEAD>
   <TITLE>elec8kotherevents.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<!--$$/page=-->
<A name="page_1"></A>
<P align=center><B><FONT face=serif>SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif>Washington, D.C. 20549</FONT></B><BR>
<B><FONT face=serif>______________________</FONT></B></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif>FORM 8-K</FONT></B></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif>CURRENT REPORT</FONT></B></TD></TR></TABLE></P>
<P align=center><B><FONT face=serif>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934<BR>
_____________________</FONT></B></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif>Date of report: September 6, 2006</FONT></B><BR>
<FONT face=serif>(Date of earliest event reported)</FONT></TD></TR></TABLE></P>
<P align=center><B><FONT face=serif>eLEC COMMUNICATIONS CORP.<BR>
</FONT></B><FONT face=serif>(Exact name of Registrant as specified in its charter)</FONT></P>
<DIV align=center>
<TABLE cellSpacing=1 cellPadding=0 width=500 border=0>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=3><B><FONT face=serif>New York</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=3><FONT face=serif>(State or other jurisdiction of incorporation)</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=serif>0-4465</FONT></B>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="23%"><B><FONT face=serif>13-2511270</FONT></B>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif>(Commission File No.)</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="23%"><FONT face=serif>(I.R.S. Employer</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="23%"><FONT face=serif>Identification No.)</FONT>&nbsp; </TD></TR></TABLE></DIV><BR>
<P align=center><B><FONT face=serif>75 South Broadway, Suite 302 White Plains, New York 10601<BR>
</FONT></B><FONT face=serif>(Address of principal executive offices; zip code)</FONT></P>
<P align=center><B><FONT face=serif>(914) 682-0214<BR>
</FONT></B><FONT face=serif>(Registrant&#146;s telephone number, including area code)</FONT></P>
<P align=center><B><FONT face=serif>N/A<BR>
</FONT></B><FONT face=serif>(Former Name or Former Address, if changed Since Last Report)</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>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 (</FONT><I><FONT face=serif size=2>see</FONT></I><FONT face=serif size=2> General Instruction A.2. below):</FONT></P>
<UL>
<LI><FONT face=serif size=2>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT>
<LI><FONT face=serif size=2>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT>
<LI><FONT face=serif size=2>Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17</FONT> <FONT face=serif size=2>CFR 240.14d-2(b))</FONT>
<LI><FONT face=serif size=2>Pre-commencement communications pursuant to Rule 13-4(e) under the Exchange Act (17</FONT> <FONT face=serif size=2>CFR 240.13e-4(c))</FONT> </LI></UL>
<P align=left><FONT face=serif size=1>404839/04081.00042</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_2"></A>
<P style="MARGIN-LEFT: 0%" align=left><B><FONT face=serif>Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT face=serif>Other Events</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif>On September 6, 2006, eLEC Communications Corp. (&#147;eLEC&#148;) withdrew its offer to buy all outstanding membership interests of Liberty Bell Telecom LLC (&#147;Liberty&#148;), a privately-held telecommunications company. eLEC and Liberty previously announced that the companies had signed a letter of intent for eLEC to acquire Liberty.</FONT></P>
<P align=justify><FONT face=serif>In contemplation of such acquisition, eLEC raised acquisition financing in the amount of $1,050,000 from Laurus Master Fund, Ltd. (&#147;Laurus&#148;), which funds are currently being held in a restricted cash account pending the closing of the proposed Liberty acquisition or another acquisition approved by Laurus. eLEC intends to seek the approval of Laurus for the release of such funds for the acquisition of another entity or the release of all or a portion of such funds for working capital purposes. If eLEC is unable to obtain the consent of Laurus for the release of such funds, such funds will be returned to Laurus to reduce eLEC&#146;s outstanding indebtedness to Laurus.</FONT></P>
<P align=left><FONT face=serif size=1>404839/04081.00042</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_3"></A>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif>SIGNATURES</FONT></B></TD></TR></TABLE></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 width=800 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="47%" colSpan=3><FONT face=serif>eLEC COMMUNICATIONS CORP.</FONT>&nbsp; </TD></TR>
<TR>
     <TD width="96%" colSpan=7>&nbsp; </TD></TR>
<TR>
     <TD width="96%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>Date:</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>September 7, 2006</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="40%">&nbsp; &nbsp;<FONT face=serif>/s/ Paul H. Riss</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Paul H. Riss</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Chief Executive Officer</FONT>&nbsp; </TD></TR></TABLE><BR>
<P align=center><FONT face=serif>2</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

</BODY>

</HTML>
[{"type": "8-K", "sequence": "1", "filename": "elec8kotherevents.htm", "secsgml_size_bytes": 7721}]
{"company-data": {"conformed-name": "ELEC COMMUNICATIONS CORP", "cik": "0000090721", "assigned-sic": "4813", "irs-number": "132511270", "state-of-incorporation": "NY", "fiscal-year-end": "1130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-04465", "film-number": "061078951"}, "business-address": {"street1": "75 SOUTH BROADWAY", "street2": "SUITE 302", "city": "WHITE PLAINS", "state": "NY", "zip": "10601", "phone": "914-682-0214"}, "mail-address": {"street1": "75 SOUTH BROADWAY", "street2": "SUITE 302", "city": "WHITE PLAINS", "state": "NY", "zip": "10601"}, "former-company": {"former-conformed-name": "SIRCO INTERNATIONAL CORP", "date-changed": "19920703"}}
elec8kotherevents.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
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: September 6, 2006
(Date of earliest event reported)
eLEC COMMUNICATIONS CORP.
(Exact name of Registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
0-4465
13-2511270
(Commission File No.)
(I.R.S. Employer
Identification No.)
75 South Broadway, Suite 302 White Plains, New York 10601
(Address of principal executive offices; zip code)
(914) 682-0214
(Registrant's telephone number, including area code)
N/A
(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 14-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13-4(e) under the Exchange Act (17
CFR 240.13e-4(c))
404839/04081.00042
Item 8.01
Other Events
On September 6, 2006, eLEC Communications Corp. ("eLEC") withdrew its offer to buy all outstanding membership interests of Liberty Bell Telecom LLC ("Liberty"), a privately-held telecommunications company. eLEC and Liberty previously announced that the companies had signed a letter of intent for eLEC to acquire Liberty.
In contemplation of such acquisition, eLEC raised acquisition financing in the amount of $1,050,000 from Laurus Master Fund, Ltd. ("Laurus"), which funds are currently being held in a restricted cash account pending the closing of the proposed Liberty acquisition or another acquisition approved by Laurus. eLEC intends to seek the approval of Laurus for the release of such funds for the acquisition of another entity or the release of all or a portion of such funds for working capital purposes. If eLEC is unable to obtain the consent of Laurus for the release of such funds, such funds will be returned to Laurus to reduce eLEC's outstanding indebtedness to Laurus.
404839/04081.00042
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
eLEC COMMUNICATIONS CORP.
Date:
September 7, 2006
By:
/s/ Paul H. Riss
Paul H. Riss
Chief Executive Officer
2