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<SEC-DOCUMENT>0001021771-03-000113.txt : 20030611
<SEC-HEADER>0001021771-03-000113.hdr.sgml : 20030611
<ACCEPTANCE-DATETIME>20030611171928
ACCESSION NUMBER:		0001021771-03-000113
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030611
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20030611

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DCAP GROUP INC/
		CENTRAL INDEX KEY:			0000033992
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		IRS NUMBER:				362476480
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-01665
		FILM NUMBER:		03741138

	BUSINESS ADDRESS:	
		STREET 1:		90 MERRICK AVE
		STREET 2:		9TH FLOOR
		CITY:			EAST MEADOW
		STATE:			NY
		ZIP:			11554
		BUSINESS PHONE:		5167946300

	MAIL ADDRESS:	
		STREET 1:		90 MERRICK AVE 9TH FLOOR
		STREET 2:		90 MERRICK AVE 9TH FLOOR
		CITY:			EAST MEADOW
		STATE:			NY
		ZIP:			11554

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EXTECH CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EXECUTIVE HOUSE INC
		DATE OF NAME CHANGE:	19911119
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>k61103.txt
<DESCRIPTION>FORM 8-K DATED JUNE 11, 2003
<TEXT>
                                  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: June 11, 2003
                        (Date of earliest event reported)


                                DCAP GROUP, INC.
                                ----------------
               (Exact name of Registrant as specified in charter)



       Delaware                         0-1665                  36-2476480
     ---------------             --------------------     ---------------------
(State or other jurisdiction     (Commission File No.)    (IRS Employer
incorporation)                                            Identification Number)


                     1158 Broadway, Hewlett, New York 11557
                     --------------------------------------
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (516) 374-7600
                                                           --------------










<PAGE>





Item 5. Other Events and Required FD Disclosure.

     On June 11,  2003,  DCAP Group,  Inc.  issued a press  release  (the "Press
Release")  announcing that it had received a commitment from  Manufacturers  and
Traders  Trust Company to make  available a credit  facility of  $18,000,000  to
finance its premium  finance  operations.  The  commitment is more  particularly
described in the Press Release, which is attached hereto as Exhibit 99.1.

Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.

        (c) Exhibits.

            99.1  Press Release, dated June 11, 2003




<PAGE>


                                   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 hereunto duly authorized.


                                             DCAP GROUP, INC.


Dated:  June 11, 2003                        By: /s/ Barry Goldstein
                                                -----------------------------
                                                Barry Goldstein
                                                Chief Executive Officer






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99.txt
<DESCRIPTION>EX 99.1 PRESS RELEASE RE: M&T COMMITMENT
<TEXT>
                                                                    Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact: Barry Goldstein
         Chief Executive Officer
         DCAP Group, Inc.
         (516) 374-7600


          DCAP Group Obtains Premium Finance Credit Facility Commitment

HEWLETT, N.Y., June 11, 2003 - DCAP Group, Inc. (OTCBB: DCAP), the largest chain
of independent  storefront insurance agencies in the northeastern United States,
today announced that it has obtained a commitment from Manufacturers and Traders
Trust  Company to make  available to DCAP's  wholly-owned  subsidiary,  Payments
Inc.,  a  credit   facility  of  $18,000,000  to  finance  its  premium  finance
operations.  The two year credit  facility will replace  Payments Inc.'s current
premium finance arrangement which is scheduled to expire on July 30, 2003.

     M&T's  commitment to provide the credit  facility is subject to a number of
conditions,  including  Payments Inc.'s securing  $3,500,000 of equity or deeply
subordinated debt.

     Barry Goldstein, Chief Executive Officer of DCAP Group, stated "We are very
pleased to have obtained the M&T commitment. We believe that the credit facility
will permit us to continue to expand our premium finance operations. Rather than
originating  loans and selling the receivables to a third party for a fee, using
the facility,  we will be able to retain  ownership of the  receivable.  We will
transition from being a "broker" for the loans to being a principal."

     The  securities  offered to raise the $3,500,000 in required funds will not
be registered under the Securities Act of 1933 and may not be offered or sold in
the  United  States  absent   registration  or  an  applicable   exemption  from
registration requirements.

About DCAP Group

DCAP Group,  Inc.  is the  largest  chain of  independent  storefront  insurance
agencies  in the  Northeast.  With  more  locations  in the  Northeast  than any
storefront insurance agency chain, DCAP is focused on building its business into
a community-based,  one-stop  financial  services center.  Representing such top
tier carriers as Progressive Corp. and Travelers,  the Company offers its retail
customers  insurance  and other  services at the most  competitive  rates.  DCAP
provides  car,  motorcycle,   homeowner,   business  and  life  insurance.  More
information is available at the Company's website, www.dcapgroup.com.



<PAGE>


Forward Looking Statements

Statements  in this press  release,  other than purely  historical  information,
including the comments  regarding the Company's  future plans and objectives and
expected  operating results,  and statements of the assumptions  underlying such
statements,  constitute forward-looking statements within the meaning of Section
21E of the  Securities  Exchange  Act of 1934.  The  forward-looking  statements
contained herein are based on certain assumptions that may not be correct.  They
are  subject to all of the risks and  uncertainties  incident  to the  Company's
business that are described in the reports and  statements  filed by the Company
with the  Securities  and Exchange  Commission,  including  (among others) those
listed in the Company's Form 10-KSB.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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