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      Unassociated Document
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>UNITED
        STATES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
        D.C. 20549</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>FORM
        8-K</strong></font><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT PURSUANT TO SECTION 13 OR 15(d) OF</strong></font></div>
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        SECURITIES AND EXCHANGE ACT OF 1934</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>June
        30, 2005</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
        of
        report (Date of earliest event reported) </font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>ACCERIS
        COMMUNICATIONS INC.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
        Name of Registrant as Specified in its Charter)</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FLORIDA</strong></font></div>
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        or
        Other Jurisdiction of </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Incorporation
        or Organization) </font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                  File No.) </font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(I.R.S.
                  Employer Identification No.)</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>1001
        Brinton Road, Pittsburgh, PA 15221</strong></font></div>
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        of Principal Executive Offices and Zip Code) </font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(412)&#160;244-2100</strong></font></div>
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        Telephone Number, Including Area Code) </font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
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        Name or Former Address, if Changed Since Last Report)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        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></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
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                    communications pursuant to Rule 425 under the Securities Act
                    (17 CFR
                    230.425)</font></div>
                </td>
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              <tr>
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                <td align="justify" valign="top" width="95%">&#160;</td>
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              <tr>
                <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
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                    material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                    240.14a-12)</font></div>
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                <td align="justify" valign="top" width="5%">&#160;</td>
                <td align="justify" valign="top" width="95%">&#160;</td>
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              <tr>
                <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
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                <td align="justify" valign="top" width="95%" style="BORDER-BOTTOM: medium none">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                    communications pursuant to Rule 14d-2(b) under the Exchange Act
                    (17 CFR
                    240.14d-2(b))</font></div>
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              <tr>
                <td align="justify" valign="top" width="5%">&#160;</td>
                <td align="justify" valign="top" width="95%">&#160;</td>
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                <td align="left" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[&#160;
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                <td align="left" valign="top" width="95%" style="BORDER-BOTTOM: medium none">
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                    communications pursuant to Rule 13e-4(c) under the Exchange Act
                    (17 CFR
                    240.13e-4(c))</font></div>
                </td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
        1 - Registrant&#8217;s Business and Operations</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        1.01 Entry into a Material Definitive Agreement</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        June
        30, 2005, Acceris Communications Inc., a Florida corporation (&#8220;ACI&#8221;) and its
        wholly-owned subsidiary, Acceris Communications Corp., a Delaware corporation
        (&#8220;ACC&#8221;), on the one hand (together, the &#8220;Company&#8221;), and Acceris Management and
        Acquisition, LLC, a Minnesota limited liability company (the &#8220;Lender&#8221;), on the
        other hand, executed a certain Amendment Number Ten to Loan and Security
        Agreement (the &#8220;Amendment&#8221;) to the Foothill Agreement (as defined below).
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Amendment was executed in connection with the execution and delivery of a
        certain Assignment and Acceptance Agreement (collectively with any schedules
        and
        amendments thereto, the &#8220;Assignment Agreement&#8221;) between Wells Fargo Foothill,
        Inc., a California corporation (&#8220;Foothill&#8221;) and the Lender dated June 30, 2005.
        The purpose of the Amendment was to reaffirm the Company&#8217;s existing indebtedness
        under the Foothill Agreement (as defined below) and to induce the Lender
        to
        enter into the Assignment Agreement. Under the terms and provisions of the
        Assignment Agreement, Foothill sold to the Lender the Foothill Agreement
        along
        with all security interests related thereto (as defined below), together
        with
        certain other documents and agreements referred therein and all rights related
        thereto (the &#8220;Foothill Loan Documents&#8221;).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ACC
        and
        ACI are co-borrowers under and pursuant to the terms of the Loan and Security
        Agreement dated as of December 10, 2001 and certain amendments thereto dated
        as
        of March 6, 2002, June 11, 2002, July 31, 2003, October 14, 2003, April 13,
        2004, July 15, 2004, July 15, 2004, October 14, 2004, and February 9, 2005
        (collectively with the foregoing amendments, the &#8220;Foothill Agreement&#8221;) by and
        among Foothill, ACC and ACI. Pursuant to the terms of the Foothill Agreement,
        ACI and ACC have granted Foothill a security interest in substantially all
        of
        ACC&#8217;s and ACI&#8217;s assets. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        addition to becoming the Company&#8217;s senior lender, the Lender previously entered
        into an Asset Purchase Agreement (&#8220;APA&#8221;) and a Management Services Agreement
        (&#8220;MSA&#8221;) with ACI, ACC, and ACI&#8217;s majority stockholder, Counsel Corporation, both
        dated as of May 19, 2005. Under the terms of the APA, the Lender will acquire
        substantially all of the assets and assume certain liabilities of ACC on
        the
        closing date under the APA. As previously disclosed, the Lender was organized
        as
        a subsidiary of North Central Equity, LLC, a Minnesota limited liability
        company, for the purpose of acquiring certain assets of ACC pursuant to the
        terms of the APA. The discussion of the terms and provisions of the proposed
        asset sale as well as of the various operative documents in connection therewith
        were disclosed in and copies of such documents were filed as exhibits to
        ACI&#8217;s
        Current Report on Form 8-K filed with the SEC on May 25, 2005 and is
        incorporated herein by reference. </font></div>
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          </div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Following
        the assignment, the senior lending facility was amended as follows:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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              <tr>
                <td width="4%">&#160;</td>
                <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font></div>
                </td>
                <td align="justify" valign="top" width="91%" style="BORDER-BOTTOM: medium none">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
                    maturity date has been extended from June 30, 2005 to December
                    31, 2005.
                    No fees were incurred to extend the senior lending
                    facility.</font></div>
                </td>
              </tr>
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                <td width="4%">&#160;</td>
                <td align="justify" valign="top" width="5%">&#160;</td>
                <td align="justify" valign="top" width="91%">&#160;</td>
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              <tr>
                <td width="4%">&#160;</td>
                <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a
                    provision has been added to cause acceleration of the senior
                    lending
                    facility&#8217;s maturity should the APA and MSA terminate.</font></div>
                </td>
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                <td width="4%">&#160;</td>
                <td align="justify" valign="top" width="5%">&#160;</td>
                <td align="justify" valign="top" width="91%">&#160;</td>
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                <td width="4%">&#160;</td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font></div>
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                <td align="justify" valign="top" width="91%" style="BORDER-BOTTOM: medium none">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
                    interest rate has been fixed at 10% per annum, as compared to
                    the previous
                    floating interest rate of prime rate </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>plus</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    1.75% with an interest rate floor of 6%.</font></div>
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                <td width="4%">&#160;</td>
                <td align="justify" valign="top" width="5%">&#160;</td>
                <td align="justify" valign="top" width="91%">&#160;</td>
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                <td align="justify" valign="top" width="91%" style="BORDER-BOTTOM: medium none">
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                    maximum borrowing available under the $18 million senior lending
                    facility
                    is $5 million. At assignment, approximately $3 million was outstanding
                    under the senior lending facility.</font></div>
                </td>
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                <td width="4%">&#160;</td>
                <td align="justify" valign="top" width="5%">&#160;</td>
                <td align="justify" valign="top" width="91%">&#160;</td>
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              <tr>
                <td width="4%">&#160;</td>
                <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font></div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">advances
                    under the senior lending facility will be made at the sole discretion
                    of
                    the Lender as compared to the various advance rates that were
                    previously
                    in effect.</font></div>
                </td>
              </tr>

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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        addition, Foothill has consented to the disposition of substantially all
        of the
        assets of ACC, as referenced above. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
        a
        result of the execution of the Amendment and the Assignment Agreement, the
        Lender has become the Company&#8217;s senior lender under the terms and provisions of
        the Foothill Loan Documents. ACI and ACC, among other parties, also executed
        certain Confirmation Agreements in favor of the Lender, in which agreements
        they
        confirm that the Lender will be deemed the Company&#8217;s senior lender.
</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
        9 - Financial Statements and Exhibits</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        9.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
        Statements and Exhibits.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="center">
        <table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="100%">

            <tr bgcolor="#ffffff">
              <td width="4%">&#160;</td>
              <td width="5%"><font size="2">(c)</font></td>
              <td width="91%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits.</font></td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="4%">&#160;</td>
              <td width="5%">&#160;</td>
              <td width="91%">&#160;</td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="4%">&#160;</td>
              <td width="5%"><font size="2">None. </font></td>
              <td width="91%">&#160;</td>
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        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 thereunto
        duly authorized. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
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              <tr valign="top" bgcolor="#ffffff">
                <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              </tr>
              <tr valign="top" bgcolor="#ffffff">
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                <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Acceris
                  Communications Inc.</font></td>
              </tr>
              <tr valign="top" bgcolor="#ffffff">
                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              </tr>
              <tr valign="top" bgcolor="#ffffff">
                <td>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
                    July 6, 2005&#160;</font></div>
                </td>
                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;Gary
                  M. Clifford&#160;&#160;</font></td>
              </tr>
              <tr valign="top" bgcolor="#ffffff">
                <td colspan="2"><font size="1">&#160;</font></td>
                <td align="left">
                  <hr style="COLOR: #000000" align="left" noshade size="2" width="80%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Gary
                    M. Clifford&#160;</font></font></div>
                </td>
              </tr>
              <tr valign="top" bgcolor="#ffffff">
                <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
                  Financial Officer and Vice President of
                  Finance&#160;</font></font></td>
              </tr>

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{"company-data": {"conformed-name": "ACCERIS COMMUNICATIONS INC", "cik": "0000849145", "assigned-sic": "4822", "irs-number": "592291344", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17973", "film-number": "05941372"}, "business-address": {"street1": "9775 BUSINESSPARK AVENUE", "city": "SAN DIEGO", "state": "CA", "zip": "92131", "phone": "8585475700"}, "mail-address": {"street1": "1001 BRINTON ROAD", "city": "PITTSBURGH", "state": "PA", "zip": "15221"}, "former-company": [{"former-conformed-name": "I LINK INC", "date-changed": "19971020"}, {"former-conformed-name": "MEDCROSS INC", "date-changed": "19920703"}]}
Unassociated Document
UNITED
        STATES
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
FORM
        8-K
CURRENT
        REPORT
CURRENT
        REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE
        SECURITIES AND EXCHANGE ACT OF 1934
June
        30, 2005
Date
        of
        report (Date of earliest event reported)
ACCERIS
        COMMUNICATIONS INC.
(Exact
        Name of Registrant as Specified in its Charter)
FLORIDA
(State
        or
        Other Jurisdiction of
Incorporation
        or Organization)
0-17973
59-2291344
(Commission
                  File No.)
(I.R.S.
                  Employer Identification No.)
1001
        Brinton Road, Pittsburgh, PA 15221
(Address
        of Principal Executive Offices and Zip Code)
(412) 244-2100
(Registrants
        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 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))
Section
        1 - Registrant's Business and Operations
Item
        1.01 Entry into a Material Definitive Agreement
On
        June
        30, 2005, Acceris Communications Inc., a Florida corporation ("ACI") and its
        wholly-owned subsidiary, Acceris Communications Corp., a Delaware corporation
        ("ACC"), on the one hand (together, the "Company"), and Acceris Management and
        Acquisition, LLC, a Minnesota limited liability company (the "Lender"), on the
        other hand, executed a certain Amendment Number Ten to Loan and Security
        Agreement (the "Amendment") to the Foothill Agreement (as defined below).
The
        Amendment was executed in connection with the execution and delivery of a
        certain Assignment and Acceptance Agreement (collectively with any schedules
        and
        amendments thereto, the "Assignment Agreement") between Wells Fargo Foothill,
        Inc., a California corporation ("Foothill") and the Lender dated June 30, 2005.
        The purpose of the Amendment was to reaffirm the Company's existing indebtedness
        under the Foothill Agreement (as defined below) and to induce the Lender
        to
        enter into the Assignment Agreement. Under the terms and provisions of the
        Assignment Agreement, Foothill sold to the Lender the Foothill Agreement
        along
        with all security interests related thereto (as defined below), together
        with
        certain other documents and agreements referred therein and all rights related
        thereto (the "Foothill Loan Documents").
ACC
        and
        ACI are co-borrowers under and pursuant to the terms of the Loan and Security
        Agreement dated as of December 10, 2001 and certain amendments thereto dated
        as
        of March 6, 2002, June 11, 2002, July 31, 2003, October 14, 2003, April 13,
        2004, July 15, 2004, July 15, 2004, October 14, 2004, and February 9, 2005
        (collectively with the foregoing amendments, the "Foothill Agreement") by and
        among Foothill, ACC and ACI. Pursuant to the terms of the Foothill Agreement,
        ACI and ACC have granted Foothill a security interest in substantially all
        of
        ACC's and ACI's assets.
In
        addition to becoming the Company's senior lender, the Lender previously entered
        into an Asset Purchase Agreement ("APA") and a Management Services Agreement
        ("MSA") with ACI, ACC, and ACI's majority stockholder, Counsel Corporation, both
        dated as of May 19, 2005. Under the terms of the APA, the Lender will acquire
        substantially all of the assets and assume certain liabilities of ACC on
        the
        closing date under the APA. As previously disclosed, the Lender was organized
        as
        a subsidiary of North Central Equity, LLC, a Minnesota limited liability
        company, for the purpose of acquiring certain assets of ACC pursuant to the
        terms of the APA. The discussion of the terms and provisions of the proposed
        asset sale as well as of the various operative documents in connection therewith
        were disclosed in and copies of such documents were filed as exhibits to
        ACI's
        Current Report on Form 8-K filed with the SEC on May 25, 2005 and is
        incorporated herein by reference.
Following
        the assignment, the senior lending facility was amended as follows:
•
the
                    maturity date has been extended from June 30, 2005 to December
                    31, 2005.
                    No fees were incurred to extend the senior lending
                    facility.
•
a
                    provision has been added to cause acceleration of the senior
                    lending
                    facility's maturity should the APA and MSA terminate.
•
the
                    interest rate has been fixed at 10% per annum, as compared to
                    the previous
                    floating interest rate of prime rate
plus
1.75% with an interest rate floor of 6%.
•
the
                    maximum borrowing available under the $18 million senior lending
                    facility
                    is $5 million. At assignment, approximately $3 million was outstanding
                    under the senior lending facility.
•
advances
                    under the senior lending facility will be made at the sole discretion
                    of
                    the Lender as compared to the various advance rates that were
                    previously
                    in effect.
In
        addition, Foothill has consented to the disposition of substantially all
        of the
        assets of ACC, as referenced above.
As
        a
        result of the execution of the Amendment and the Assignment Agreement, the
        Lender has become the Company's senior lender under the terms and provisions of
        the Foothill Loan Documents. ACI and ACC, among other parties, also executed
        certain Confirmation Agreements in favor of the Lender, in which agreements
        they
        confirm that the Lender will be deemed the Company's senior lender.
Section
        9 - Financial Statements and Exhibits
Item
        9.01
Financial
        Statements and Exhibits.
(c)
Exhibits.
None.
SIGNATURES
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 thereunto
        duly authorized.
Acceris
                  Communications Inc.
Date:
                    July 6, 2005
By:
/s/ Gary
                  M. Clifford
Name:
Gary
                    M. Clifford
Title:
Chief
                  Financial Officer and Vice President of
                  Finance