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FILE NO. 000-23785
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of May, 1998.
LASERMEDIA COMMUNICATIONS CORP.
11 Charlotte Street, Toronto, Ontario M5V 2H5
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b)
Not Applicable
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EXHIBIT 99.1
LASERMEDIA COMMUNICATIONS CORP.
PRESS RELEASE
FOR IMMEDIATE RELEASE Press Release #8
Toronto, Ontario May 7, 1998
LASERMEDIA AND TRC TEAM UP FOR FITNESS SUCCESS!
LaserMedia Communications Corp. (CDN:LMCD)
Issued and Outstanding - 13,222,240 Common Shares
TORONTO - MAY 7, 1998, LaserMedia, Inc. (currently trading on the CDN -
Toronto, under the symbol "LMCD") and TRC Fitness Inc. announce that both
parties have signed a letter of intent which states that TRC will have the
Canadian distribution rights of LaserMedia's successful ActiveTM line of
products.
"This agreement will take LaserMedia products into the over 2,400 fitness
locations serviced by TRC" says Brian Gibson, C.O.O. of LaserMedia, "In
addition, it opens up significant OEM and bundling opportunities for LaserMedia
to form strategic alliances with TRC's exclusive list of suppliers".
As well, this agreement will give LaserMedia the opportunity to develop
interactive fitness products exclusively for TRC's Body Break(R) brand and
Reebok(R) license. TRC will have the exclusive rights under this agreement to
market these brands internationally.
"One of TRC's goals is to bring the high tech world closer to the relatively
low tech world of fitness", says Tony Caparotta, President of TRC Fitness Inc.,
"Through LaserMedia's innovative technology, TRC Fitness will be able to create
a strong link between the commercial and home consumer fitness markets. We
believe that these products will help to improve the results, and increase the
enjoyment, of exercising for fitness enthusiasts everywhere"
TRC Fitness Inc. is Canada's largest fitness supplier with exclusive
distribution or licensing rights of prominent retail and commercial brands
including: Stairmaster(R), Reebok(R), Cybex(R), Body Break(R), The Step(R), The
Original Ab-Trainer(R) and now (LaserMedia's) ActiveTM line of interactive
products. TRC is a fully integrated fitness company servicing a wide cross
section of both the Canadian and International markets with distribution
capabilities in all of the major fitness clubs (in Canada), department stores,
sporting goods stores, etc. TRC expands the role of a traditional distributor
by focusing on building brand equity. "We see a tremendous opportunity in
building LaserMedia's, ActiveTM line as a brand" adds Tony Caparotta.
The agreement will assist LaserMedia in fulfilling its goal of establishing a
strong presence
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in the Health & Fitness retail markets by forming strategic partnerships.
These markets are expected to have an even better sell through than the
traditional computer channels.
LaserMedia is a leading producer and publisher of interactive health and
fitness software on CD-ROM and the internet. The ActiveTM line of products
currently includes: Active TrainerTM, Active Body BlastTM and Active PlannerTM.
These products are currently available in major computer retail outlets such
as "Best Buy", "Comp USA", "Computer City", "Chapters" and "MediaPlay".
Lasermedia's head office is located in Toronto, Ontario, www.LaserMedia.com
For further information, contact:
Peter Duncan or Jack Wall
Investor Relations, RT Equity Inc.
(416) 967-4779
The information herein has not been approved or disapproved by regulatory
authorities.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Lasermedia Communications Corp. has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
LASERMEDIA COMMUNICATIONS CORP.
Date: May 18, 1998 By /s/ Robert Brian Gibson
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ROBERT BRIAN GIBSON
Chief Operating Officer,
Chief Financial Officer
