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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 Exchange Act of 1934
Date of Report (Date of earliest event reported): May 4, 1999
CAFE ODYSSEY, INC.
(Exact name of registrant as specified in its charter)
Minnesota 0-23243 31-1487885
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
4801 West 81st Street, Suite 112, Bloomington, MN 55437
(Address of principal executive offices) (Zip Code)
(Former Name or Former Address, if Changed Since Last Report)
Registrant's telephone number, including area code: (612) 837-9917
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Item 5. OTHER EVENTS
The Registrant's Press Release dated May 4, 1999, which is filed as
Exhibit 99.1 to this Form-8-K is incorporated herein by reference.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1. Press Release dated May 4, 1999.
SIGNATURE
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 thereunto duly authorized.
CAFE ODYSSEY, INC.
Date: May 4, 1999 By: /s/ Stephen King
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Name: Stephen King
Title: Chief Executive Officer
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Exhibit 99.1
CAFE ODYSSEY ANNOUNCES ACQUISITION NEWLY FORMED
INTERNET DIVISION TO ACQUIRE POPMAIL.COM
MINNEAPOLIS, May 4 /PRNewswire/ -- Cafe Odyssey (Nasdaq: CODY - news) announced
today that it had signed a letter of intent to acquire Popmail.com. Through
partnerships with radio stations nationwide, Popmail.com is a leading email
provider to radio stations. Radio reaches 96% of America's consumers and
Popmail.com has exclusive relationships with nearly 500 stations nationwide.
Stephen King, CEO, stated, "This is a tremendous opportunity for our
shareholders. This acquisition of Popmail, will allow us to continue to operate
our restaurant business while providing our shareholders with the opportunity
present in this new Internet based division. As a forward-looking company we
believe in the future and the power of the Internet. Popmail and its solid
management team have our full support to grow with other Internet applications
for media."
Popmail has developed an approach to the email business that harnesses the power
of the successful affinity-building mass medium: radio. By providing radio
stations with an attractive email service, offered to listeners free of charge,
Popmail leverages radio's proven ability to engage audiences and attract
advertisers. This creates a unique email business niche.
Marcos Rodriguez, founder and Chairman of Popmail.com states, "We believe we
have a novel email strategy and are a leader in the Internet-for-radio field. To
date Popmail's sales force has secured exclusive signed agreements with nearly
500 radio stations, including certain Chancellor and CBS stations. These
stations are located in 33 states coast to coast. Popmail has acquired hundreds
of email domain names incorporating major radio station call letters.
Approximately 100,000,000 listeners are potential fans of our affiliates. This
'pipeline' of distribution has remarkable potential"
Continuing, Rodriguez said, "We look forward to being part of a public company.
Our next steps will include strategic alliances to enhance our revenue and
leverage our relationships."
Detailed terms of the transaction were not disclosed except that the companies
hope to sign a definitive purchase agreement in the next few weeks and
completion of the transaction is subject to the approval of the Board of
Directors and shareholders.
The Cafe Odyssey restaurant division develops, owns and operates upscale, casual
themed restaurants, which invite guests to savor award-winning food while they
experience a journey to intriguing parts of the globe, traveling at different
points in time. The concepts of travel and discovery are conveyed through the
use of specially designed furnishings and decorations, as well as
state-of-the-art entertainment technology systems, which provide a unique sight
and sound experience. The concept is food-driven, with a menu that offers a
broad selection of cuisine from around the world, including popular "cultural
fusion" items. The Company currently operates three restaurants, one in
Cincinnati, Ohio, one in the Mall of America, located in a suburb of
Minneapolis,
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Minnesota, and a third location in the Denver Pavilions, a retail/entertainment
center in downtown Denver. Cafe Odyssey became a publicly traded company in
November 1997. The company's web site can be found at
http://www.cafeodyssey.com. Popmail's affiliate presentation can be found at
http://www.Popmail.com. An affiliate's site can be found at
http://www.KUBE93.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in this press
release (as well as information included in oral statements or other written
statements made by or to be made by the Company) contains statements that are
forward-looking, such as statements relating to plans for future expansion. Such
forward-looking information involves important risks and uncertainties that
could significantly affect anticipated results in the future and, accordingly,
such results may differ from those expressed in any forward-looking made by or
on behalf of the Company. These risks and uncertainties include, but are not
limited to, execution of definitive purchase documents, those relating to
development and construction activities, dependence on existing management,
leverage and debt service, domestic or global economic conditions, and changes
in customer preferences and attitudes. For more information, review the
Company's filings with the Securities and Exchange Commission.
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