SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
August 17, 2000
Date of Report (date of earliest event reported)
CAPTAIN'S MANAGEMENT CORP.
Exact name of Registrant as Specified in its Charter
Nevada 0-29161 88-0448017
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State or Other Jurisdiction Commission File IRS Employer Identification
Of Incorporation Number Number
468 North Camden Avenue, Beverly Hills, CA 90210
(Address of Principal Executive Offices, Including Zip Code)
(310) 858-5596
Registrant's Telephone Number, Including Area Code
Item 5. Other Events.
Captains Management has entered into a Joint Venture Agreement with V&R Record
Company d / b / a Homegrownbuzz Distribution Network. The purpose of the joint
venture is for Captains and V & R Record Company to market and distribute
revenue-sharing "virtual inventory" systems and revenue sharing - vertical
market software applications designed by Captain's Management Corporation, Inc.
or its affiliates and joint venture partners, including Touchvision, Inc.
Specifically, the joint venture focuses on the entertainment industry and the
state-of-the-art digital downloading and publishing technologies now available
through Captains Management Corporation, Inc. and Touchvision, Inc.
Homegrownbuzz Distribution Network shall provide "foot print" in terms of
retail locations for these revolutionary inactive touchscreen "kiosks",
including Captain's Management Corporation, Inc.'s virtual inventory systems,
dynamic displays, internet access terminals and other equipment necessary for
the joint venture and assist in the development of systems and technology.
Homegrownbuzz Distribution Network, who affiliates enjoy substantial retail
relationships with such national music retailers as Best Buys and Transworld
Entertainment Corporation, shall also provide marketing representation and/or
introductions of Captain's Management Corporation, Inc.'s products and services
to music retail chains. Captain's Management Corporation, Inc. and/or its
affiliates in turn shall provide all equipment, virtual inventory features and
functions, content management, accountancy and maintenance of the systems. The
joint venture shall also provide significant and advantageous opportunities
for independent producers and artists to market their creative works at "click
and mortar" and through the Internet.
Item 7. Financial Statements and Exhibits.
Exhibits
10.1 Joint Venture with V&R Record Company.
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, herunto duly authorized.
CAPTAIN'S MANAGEMENT CORP.
Dated: August 23rd, 2000
By:/s/___________________________________________
Jimmy H. Jin
