U.S. 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 Earliest Event reported: July 10, 1998
GLOBAL MEDIA CORPORATION
______________________________
(Name of Registrant in its Charter)
Commission file No. 0-23491
I.R.S. Employer identification Number: 91-1842480
83 Victoria Crescent
Nanaimo, BC, Canada V9R 5B9
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(Registrant's Address)
Dean Meloni, Vice President of Operations
Aaron Stone, Sr. Accounts Executive
Global Media Corporation
83 Victoria Crescent
Nanaimo, BC, Canada V9R 5B9
Telephone: (888) 322-2282
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ITEM 5: OTHER EVENTS
On July 10, 1998, the Registrant issued a press release reporting the
following events:
Global Media has formed the wholly owned subsidiary Global Media (CANADA)
Entertainment Corporation. The company will act as it own production facility
to develop, produce, acquire and distribute its own and other products: films,
videos, music CD's and magazines for worldwide distribution. The company will
produce and co-produce as well as acquire other completed productions for
distribution in its worldwide network. A majority of this distribution will
be done through its Internet/media communications center but not limited to or
exclusive to the Internet.
Global Media Corporation is a reporting company pursuant to the
Securities Exchange Act of 1934, which filed its Form 10-SB with the U.S.
Securities and Exchange Commission ("SEC") on December 2, 1997. Included were
three years of audited financial statements that can be viewed on the
Registrant's Website at www.globalmediacorp.com or on the SEC's EDGAR
Database. The Registrant also has a current interim financial report for the
quarter ending April 30, 1998. The Registrant intends to list its shares for
trading under the symbol GLMC on the OTC Electronic Bulletin board after
completing the process of review of its Form 10-SB by the SEC.
The company has appointed the following two persons who will greatly help
to achieve its entry into distribution and production.
Michael Mazo has been appointed to Global Media as an officer of the
company and will act as the executive in charge of all production. Mr. Mazo
comes to Global Media with over 20 years of production experience and has also
directed ten feature films. His resume can be found on the Website under
Global Media Entertainment Management.
Mr. John A. Curtis has accepted an invitation to join Global Media as a
director and brings to the company over 15 years of film production and
distribution expertise. Mr. Curtis recently completed the production of the
feature film LASER HAWK with Alliance Pictures Canada. Mr. Curtis was the
President and CEO of North American Releasing, a motion picture distribution
company. He served in this position for 10 years and continues to be very
active in the industry.
Global Media will pay special attention to the motion picture industry
and multi-media Internet distribution. The company has built a
distribution/media communications facility whereby Global Media will
distribute films, home video, music CD's and magazine subscriptions.
Global Entertainment is currently reviewing for option, purchase and
lease available space in Vancouver to increase the already attractive and
compatible working environment of the film business in the province of British
Columbia.
Management currently intends for the facility to have the ability to
create working environments for all technical, artistic, post-production and
production personnel and all support trades in the motion picture industry.
Management believes that the studio space will generate revenues on square
footage and service related rates (i.e.: telephone, electrical), in addition
to its own production base and charging out time of its in-house production
facilities (off-line suites, screening rooms and theatrical mixing
facilities).
Global continues to focus on the distribution of products (entertainment)
through emerging technologies. Distribution would be integrated with the
Global Communications Center using existing infrastructure and technology.
Global Media's 6000 sq. ft. media center has a distribution facility to market
the products it either produces or acquires. The existing infrastructure was
built in 1997 and continues to grow in an expanding high tech distribution
market.
This Firm 8-K may contain forward looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act
of 1934 and is subject to safe harbor created by those sections. Actual
results may differ materially due to a number of risks, including: the
technological and operational challenges of developing the company's abilities
to market the services and future customer acceptance and demand for the
service.
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, thereto duly authorized.
July 13, 1998
GLOBAL MEDIA CORPORATION
/s/ Michael Metcalfe
MICHAEL METCALFE, President and Director
