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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
Date of Report July 24, 2000
SBI Communications, Inc
(Exact name of registrant as specified in its charter)
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Delaware 0-28416 58-1700840
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification)
1239 South Glendale Avenue - Glendale California 91205
(Address of principal executive offices) (Zip Code)
(818) 550-6181
Registrant's telephone number, including area code
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Cancellation of Acquisition and Letter of Intent with Valencia
Entertainment International enter into July 20, 2000. This
cancellation is due to a determination by The Company's management,
at this time it would not be in the best interest of the Company or
its shareholders.
There is no present or future financial obligation to SBI
Communications, Inc.(The Company)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, SBI has duly caused this statement to be signed on its behalf by the
undersigned, thereto duly authorized.
Date: July 20, 2000 SBI Communications, Inc.
By: /s/ Ron Foster
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Ron Foster, Chairman