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 Report: July 9, 1998 (Date of Earliest Event Reported: July 7,
1998)
GLOBAL MEDIA CORPORATION
______________________________________________________________________________
(Name of Registrant in its Charter)
Nevada 0-23491 91-1842480
______________________________________________________________________________
(State of Incorporation) (Commission File No.) (IRS Employer
ID
No.)
83 Victoria Crescent
Nanaimo, BC, Canada V9R 5B9
_______________________________
(Registrant's address)
(250) 716-9949
_________________________________
Registrant's Telephone Number
Investor Relations Contact:
Dean Meloni, Vice President of Operations
Aaron Stone, Sr. Accounts Executive
Global Media Corporation
83 Victoria Crescent
Nanaimo, BC, V9R 5B9
Telephone: (888) 322-2282
<PAGE>
ITEM 5. Other Events
On July 7, 1998, the Registrant issued a press release reporting the
following
events:
Global Media Corp. is in the process of acquiring new technologies to aid
in
the distribution of entertainment based products including video tapes for
home viewing, music compact discs, books and magazine subscriptions. This
dissemination system uses the Internet to increase and enhance its
opportunities world-wide.
Global Media Corp. 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 12, 1997. Included were three years of audited
financial statements that can be viewed on the Registrant's web site 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.
Global Media Corp. continues to pay special attention to its existing
distribution/communication media center. Global Media Corp. Also continues
to implement technologies that will further add to the strength of its
business plan. Global Media Corp. Is also continuing to acquire and develop
through previously established Internet and Telephony marketing strategies
the following:
1. Global Media Corp. Has acquired a superior management team and is
currently developing one of the most advanced, state of the art, internet
ordering systems. This technologically advanced system will bring to the
consumer the ability to easily order videos for home viewing, music compact
discs and books from a vast selection of titles, authors and performers.
Global Media Corp. will bring the pulse-point of the entertainment industry
to the fingertips of the consumer with the click of a mouse. A comprehensive
list of music compact discs will include music samples and video bits.
Global Media's data study of Internet commerce concluded that customers with
less dispensable income are more likely to purchase items, including videos
for home viewing, books and music compact discs, valued at $25.00 or less.
Global Media Corp. will incorporate an "on demand" inventory strategy as
opposed to warehousing large inventories. Inventory will fluctuate with
demand for specific items.
Global Media Corp. will focus its marketing budget to television advertising
campaigns and "infomercials." The Registrant's marketing strategy will
include discounts on in-demand products, direct mail and e-mail campaigns in
order to build and sustain revenues. Management believes that Global Media
Corp. is uniquely positioned to reach potential customers through its Global
Media Corp. Database management system in a continuing effort to market
its products. Management's philosophy is "Once a customer, always a
customer."
2. Global Media Corp. will continue building its 24-hour fully integrated call
center using Telephony, an advanced computer database program and the
Internet. The existing database uses contact management software, which
effectively distributes products designed specifically for world-wide
distribution through the Internet as the basic format for its marketing
methods. The Internet marketing strategy was incorporated into its business
plan and continues to be the focus of Global Media Corp.
3. Through its marketing methods, Global Media Corp. has generated over
$6,000,000.00 CDN in Direct-to-Home satellite sales. Over 90% of these sales
were achieved through using Telephony and Internet real-time and real-voice
operators. Management believes that consumers generally are reluctant to use
credit cards in an Internet transaction. To over come this reluctance,
Management employs 24-hour response to consumer orders backed up by real-time
operators who can respond to consumer inquiries. The call center will
incorporate heavily encrypted software, which the Registrant's wholly owned
subsidiary, Westcoast Wireless Cable, Ltd., has previously tested.
4. Global Media Corp. is also developing its proprietary content based film
and video libraries while negotiating the purchase of several existing film
and video libraries. Management believes that producing its own content
for distribution will enhance the Registrant's ability to generate revenues
from its developed marketing strategy.
Global Media Corp. has a Financial Services Business that assists junior small
capitalization companies in achieving more exposure. The Financial Services
Business attempts to achieve exposure for its clients through multimedia
information dissemination.
A detailed overview can be viewed at www.globalmediacorp.com.
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 8, 1998
GLOBAL MEDIA CORPORATION
/s/ Michael Metcalfe
MICHAEL METCALFE, President and Director
