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<SEC-DOCUMENT>0001015402-04-002420.txt : 20040528
<SEC-HEADER>0001015402-04-002420.hdr.sgml : 20040528
<ACCEPTANCE-DATETIME>20040528125746
ACCESSION NUMBER:		0001015402-04-002420
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040519
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040528

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YP CORP
		CENTRAL INDEX KEY:			0001045742
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				850206668
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24217
		FILM NUMBER:		04837579

	BUSINESS ADDRESS:	
		STREET 1:		4840 E JASMINE ST
		STREET 2:		STE 110
		CITY:			MESA
		STATE:			AZ
		ZIP:			85020
		BUSINESS PHONE:		4806549646

	MAIL ADDRESS:	
		STREET 1:		4840 EAST JASMINE STREET
		STREET 2:		SUITE 105
		CITY:			MESA
		STATE:			AZ
		ZIP:			85020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	YP NET INC
		DATE OF NAME CHANGE:	19991112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RIGL CORP
		DATE OF NAME CHANGE:	19980707

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RENAISSANCE INTERNATIONAL GROUP LTD
		DATE OF NAME CHANGE:	19980115
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>doc1.txt
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K


                                 CURRENT REPORT
   PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934


         Date of Report (Date of earliest reported event): May 19, 2004


                                    YP CORP.
               (Exact name of registrant as specified in charter)


             NEVADA                     000-24217                85-0206668
(State or other jurisdiction           (Commission              (IRS Employer
      of Incorporation)                File Number)          Identification No.)


4840 EAST JASMINE STREET, SUITE 105, MESA, ARIZONA                  85205
     (Address of principal executive offices)                     (Zip Code)


       Registrant's telephone number, including area code:  (480) 654-9646


                                  YP.NET, INC.
                                  (former name)


<PAGE>
ITEM 7.   EXHIBITS.

<TABLE>
<CAPTION>
- ----------------------------------------------------
EXHIBIT NO.  ITEM
- ----------------------------------------------------
<S>          <C>
99.1         Press Release titled "Major Shareholder
             Accelerates Repayments to YP Corp."
- ----------------------------------------------------
</TABLE>


ITEM 9.   REGULATION FD DISCLOSURE

     On May 19, 2004, YP Corp. ("YP") announced that Morris & Miller, Ltd., one
of its principal shareholders, has made another accelerated payment on its loan
obligation to the Company.  A copy of the press release is attached to this
report as Exhibit 99.1.

     This information is being disclosed pursuant to Regulation FD.
Accordingly, the information in this Form 8-K and the Exhibit attached hereto
shall not be deemed "filed" for purposes of Section 18 of the Securities Act of
1934, nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1934, except as shall be expressly set forth by specific
reference in such filing.


                                   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.

                                   YP CORP.


Date:  May 27, 2004                By:  /s/ Angelo Tullo
       --------------                 -----------------------------------
                                        Angelo Tullo, Chairman and Chief
                                        Executive Officer


<PAGE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>doc2.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

                                                                    Exhibit 99.1


MAJOR  SHAREHOLDER  ACCELERATES  REPAYMENTS  TO  YP  CORP.
Mesa, Arizona - (Business Wire)
May 19, 2004

YP Corp., (OTC BB: YPNT) a leading provider of Internet yellow pages and related
services, has announced that Morris & Miller, Ltd., one of its principal
shareholders, has made another accelerated payment on its loan obligation to the
Company

This week, the Company received its second accelerated loan repayment in the
amount of $600,000 from Morris & Miller, Ltd. The first repayment from Morris
and Miller, Ltd. was received on April 29th in the amount of $500,000.

The $1.1 million thus far repaid represents approximately 31 percent of the
total amount borrowed from YP Corp. by Morris & Miller, Ltd.

Angelo Tullo, the CEO of YP Corp. stated, "Under the loan termination agreement,
the M&Ms, both managed by Ilse Cooper, have until April 2007 to repay the loans.
We are still negotiating an accelerated repayment schedule, but Ms. Cooper
decided to make some substantial payments as a gesture of good faith." Tullo
said. "She also indicated that accelerated payments from Mathew and Markson,
Ltd., another major shareholder managed by Ms. Cooper, would also be forthcoming
once an accelerated payment schedule is agreed upon."

"Ever since I joined the Company four years ago, we have been working to
eliminate the put/loan agreement that previous management had made with the M&Ms
as part of the Company's acquisition of its core Internet yellow page business
in June 1999." Tullo said.

"Terminating the loan agreements enables the Company to pay quarterly dividends
to all shareholders and is another step in our continuing effort to eliminate
related party transactions," stated David J. Iannini, YP Corp.'s CFO.


ABOUT YP CORP.

YP Corp., a leading provider of Internet-based Yellow Pages services, offers an
Internet Advertising Package  ("IAP") that includes a Mini-WebPage(TM) and
Preferred Listing through its Yellow Pages web site at www.YP.Com. The Company's
web site contains listings for approximately 18 million businesses in the United
States and 150 million individuals in the United States and Canada. As of March
31, 2004, YP Corp. had approximately 305,000 IAP advertisers.

YP Corp. also provides an array of other Internet services that complement its
Yellow Pages web site, including an Internet Dial-Up Package(TM) (dial-up
Internet access) and QuickSite(TM) (web site design & hosting services).

YP Corp. is a longstanding member, exhibitor and sponsor of the two major Yellow
Pages trade associations - Yellow Page Integrated Media Association "YPIMA," the
major trade association of Yellow Pages publishers throughout the world, and the
Association of Directory Publishers "ADP," which mostly represents independent
Yellow Pages publishers. YP Corp. is based in Mesa, AZ. For more information,
visit the web site at www.YP.Com.


YP.CORP. CONTACT:

David Iannini
Chief Financial Officer
YP Corp.
480-654-9646 x1258
Fax 480-654-9747


<PAGE>

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