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: May 5, 1998
TAURUS ENTERTAINMENT COMPANIES, INC.
(Exact name of registrant as specified in its charter)
formerly, Taurus Petroleum, Inc.
Colorado 0-8835 84-0736215
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Identification No.)
16770 Hedgecroft, Suite 714
Houston, Texas 77060
(Address of principal executive offices, including zip code)
(713) 820-1181
(Registrant's telephone number, including area code)
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Item 5. Other Events
On May 5, 1998, a fire damaged one of the Company's adult entertainment
facilities known as Broadstreets Cabaret ("Broadstreets") located near the
George Bush Intercontinental Airport in Houston, Texas. While it is unknown
how long remodeling will take, the Company anticipates that Broadstreets will
remain closed for at least approximately 60 to 90 days during which time the
Company plans to remodel Broadstreets. The Company believes that it has
adequate insurance to cover any property damage. However, the Company does
not maintain business interruption insurance. Thus, the Company anticipates
a reduction in company-wide revenues due to the loss of revenue from
Broadstreets while it undergoes remodeling. The Company believes this event
will result in a material decline in revenues during the closure of
Broadstreets and until Broadstreets reopens and re-establishes its business.
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 hereunto duly authorized.
TAURUS ENTERTAINMENT COMPANIES, INC.
Date: May 8, 1998 By: /s/ Eric Langan
_____________________________________
Eric Langan, Chairman of the Board
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