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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
August 28, 1998
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Date of Report (date of earliest event reported)
iMALL, INC.
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(Exact Name of Registrant as Specified in its Charter)
Nevada 0-21201 87-0553169
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
Incorporation) Number)
233 Wilshire Boulevard, Suite 820, Santa Monica, California 90401
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(Address of principal executive offices)
(310) 309-4000
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(Registrant's telephone number,
including area code)
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ITEM 5. OTHER EVENTS
Effective August 28, 1998, the Company discontinued the operations
of its seminar and training division based in Provo, Utah. The Company is
currently engaged in discussions for the sale of some or all of the assets
associated with the division. As discussed in the Company's quarterly financial
report for the period ended June 30, 1998, management believed that the low
margin, highly competitive, and non-recurring nature of the revenue stream from
the division made it incompatible with the Company's e-commerce focus. The
division historically accounted for approximately 90% of the Company's revenues,
including approximately $3 million of revenue for the quarter ended June 30,
1998. The division was not profitable.
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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.
iMALL, INC.
By /s/ Richard Rosenblatt
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Richard Rosenblatt, Chairman
of the Board and Chief Executive Officer
Dated: September 22, 1998
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