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) February 5, 1999
TV FILME, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-28670 98-0160214
(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
c/o ITSA-Intercontinental Telecomunicacoes Ltda.
SCS, Quadra 07-Bl.A
Ed. Executive Tower, Sala 601
70.300-911 Brasilia-DF
Brazil
(Address of Principal Executive Offices, Including Zip Code)
Registrant's telephone number, including area code: 011-55-61-314-9908
Exhibit List Appears on Page 4
Page 1 of 4 Pages
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ITEM 5. OTHER EVENTS.
On February 5, 1999, TV Filme, Inc. (the "Company") announced that The
Nasdaq Stock Market had informed the Company that its securities were deleted
from listing on Nasdaq effective with the close of business on February 4, 1999.
The delisting is a consequence of the Company's failure to meet certain
standards for continued listing, including the net tangible assets and minimum
bid price requirements. The Company expects immediate quotation of its
securities on the OTC Bulletin Board following the delisting from Nasdaq.
A copy of the Company's press release, dated February 5, 1999, is
attached hereto as Exhibit 99.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
The following exhibit is filed with this Report.
EXHIBIT NO. DESCRIPTION
99 Press Release of the Company, dated February 5, 1999.
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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.
TV FILME, INC.
Date: February 5, 1999 By: /S/ HERMANO STUDART LINS DE ALBUQUERQUE
---------------------------------------
Name: Hermano Studart Lins de Albuquerque
Title: Chief Executive Officer
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EXHIBIT LIST
EXHIBIT NO. DESCRIPTION
99 Press Release of the Company, dated February 5, 1999.
4
<PAGE>
FOR IMMEDIATE RELEASE
CONTACTS: HERMANO ALBUQUERQUE, Chief Executive Officer
Phone: 011-55-61-314-9904 E-mail: [email protected]
MORGEN-WALKE ASSOCIATES
Andrea Kaimowitz/Katherine Mittelbusher
Press: Brian Maddox/Estelle Bieber
Phone: (212) 850-5600 E-mail: [email protected]
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TV FILME, INC. ANNOUNCES NASDAQ DELISTNG AND EXPECTED OTC
BULLETIN BOARD LISTING OF ITS SECURITIES
BRASILIA, BRAZIL (February 5, 1999) - TV Filme, Inc. (Nasdaq: "PYTV")
TV Filme, Inc. today announced that The Nasdaq Stock Market has informed the
Company that its securities were deleted from listing on Nasdaq effective with
the close of business on February 4, 1999. The delisting is a consequence of the
Company's failure to meet certain standards for continued listing, including the
net tangible assets and minimum bid price requirements. The Company expects
immediate quotation of its securities on the OTC Bulletin Board following the
delisting from Nasdaq.
Headquartered in Brasilia, Brazil, TV Filme, Inc. provides
subscription television services in mid-sized markets in Brazil. TV Filme, Inc.
has established wireless cable operating systems in the cities of Brasilia,
Goiania and Belem, which together comprise over 1.3 million households. The
Company has also been awarded licenses for an additional seven markets in Brazil
representing approximately 490,000 households.
The matters discussed in this release include forward-looking
statements that involve risks and uncertainties, including the risks detailed
from time to time in TV Filme Inc.'s reports filed with the Securities and
Exchange Commission. TV Filme, Inc. undertakes no duty to update such
forward-looking statements.
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