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): June 19, 1997
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Jungle Street, Inc.
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(Exact name of registrant as specified in its charter)
Utah
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(State or other jurisdiction of incorporation or organization)
0-27390 87-0368236
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(Commission file number) (I.R.S. Employer Identification No.)
215 Yakima Street
Wenatchee, Washington 98801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (509) 664-9004
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
Effective June 19, 1997, Donald A. Wright and Nick A. Gerde resigned as
directors of Jungle Street, Inc. (the "Company"), and its wholly-owned
subsidiary, Televar Northwest, Inc. Mr. Gerde also resigned as Secretary of
the Company.
The Company also has appointed two new directors to serve on its board
of directors. The new directors are Douglas H. Ebstyne and William F. Davis.
Douglas H. Ebstyne, age 55, is currently President and CEO of Peregrine
Venture Management, a company which develops business plans for internet
content companies. Prior to forming Peregrine, Mr. Ebstyne was President of
Interactive Realty Television. He has also held senior management positions
with Davox Corporation and Digital Systems International. From 1972 to 1990,
Mr. Ebstyne enjoyed a career with Illinois Bell and AT&T in director & vice
president-level positions. Mr. Ebstyne holds a BSEE degree from the
University of New Hampshire and an MBA from Roosevelt University. He has
completed the Wharton Advanced Marketing Program and is a visiting scholar at
Northwestern University. William F. Davis, age 65, is currently President and
CEO of Digital Network Associates, Inc., a company which designs, implements
and manages data delivery networks for the health care industry. Prior to
forming DNA, Mr. Davis was President of Selectel Corp., which was a co-
marketing partner of AT&T. From late 1987 to 1992, he was a founder and
President of Value Added Communications, which pioneered the automated
operator process relative to operator calls originating from public calling
venues. He also served as a Vice president-Operations for Telematic Products,
Inc., which developed, manufactured and marketed a line of billing computers,
primarily aimed at the Bell Operating Company market. From 1955 to 1983, Mr.
Davis held a variety of executive positions with GTE, a major world-wide
provider of telecommunications equipment and services. Among his many
assignments at GTE, he sserved as Vice President and General mamager of GTE
Telenet Systems. Mr. Davis holds a Bachelor of Science degree from UCLA and
an MBA from the University of Connecticut.
With the appointment of these new directors, the board of directors of
the Company now is comprised of the following: Roger P. Vallo, Donald Cotton,
Michael Hendrickson, William F. Davis and Douglas H. Ebstyne.
<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 thereunto duly authorized.
Jungle Street, Inc.
By: /s/ Roger P. Vallo
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Roger P. Vallo
President
(Principal Executive Officer)
Date: June 27, 1997
3
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Attachment: Press Release of 6/24/97:
FOR IMMEDIATE RELEASE
Contact: Roger P. Vallo, President/CEO
Phone (206) 388-8200
Jungle Street, Inc. Appoints New Directors.
Everett WA. June 24, 1997 - Jungle Street, Inc. (NASDAQ "JUNS")
announced today that it has appointed two new directors to its Board - -
Douglas H. Ebstyne and William F. Davis. Both new directors have previously
served in senior executive positions with network communications companies.
The new directors fill vacancies created by the resignations of Donald A.
Wright and Nick A. Gerde.
Mr. Ebstyne is currently President and CEO of Peregrine Venture
Management, a company which develops business plans for internet content
companies. Prior to forming Peregrine, Mr. Ebstyne was President of
Interactive Realty Television. He has also held senior management positions
with Davox Corporation and Digital Systems International. From 1972 to 1990,
Mr. Ebstyne enjoyed a career with Illinois Bell and AT&T in director & vice
president-level positions. Mr. Ebstyne holds a BSEE degree from the
University of New Hampshire and an MBA from Roosevelt University. He has
completed the Wharton Advanced Marketing Program and is a visiting scholar at
Northwestern University.
William F. Davis is currently President and CEO of Digital Network
Associates, Inc., a company which designs, implements and manages data
delivery networks for the health care industry. Prior to forming DNA, Mr.
Davis was President of Selectel Corp., which was a co-marketing partner of
AT&T. From late 1987 to 1992, he was a founder and President of Value Added
Communications, which pioneered the automated operator process relative to
operator calls originating from public calling venues. He also served as Vice
President-Operations for Telematic Products, Inc., which developed,
manufactured and marketed a line of billing computers, primarily aimed at the
Bell Operating Company market. From 1955 to 1983, Mr. Davis held a variety of
executive positions with GTE, a major world-wide provider of
telecommunications equipment and services. Among his many assignments at GTE,
he served as Vice President and General manager of GTE Telenet Systems. Mr.
Davis holds a Bachelor of Science degree from UCLA and an MBA from the
University of Connecticut.
Roger Vallo President of Jungle Street, Inc. said: "We are grateful for
the assistance Don Wright and Nick Gerde provided to the Company during their
term of service on the Board. We are pleased to welcome Doug Ebstyne and Bill
Davis to our board. Each of them brings years of experience in the data and
telecommunications industry. We believe they will be valuable contributors in
helping direct this company's efforts to become a national internet service
provider.".
Jungle Street, Inc. is a Regional Internet Service provider with network
locations throughout the NorthWest. The stock tender on the NASDAQ Market
Systems under the symbol JNGS.
