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 12, 1999
ETHIKA CORPORATION
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(Exact name of registrant as specified in its charter)
Mississippi 64-0440887
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
11249 W. 103rd Drive, Westminster, Colorado 80021
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(Address of principal executive offices)(Zip Code)
(303) 637-2351
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(Registrant's telephone number, including area code)
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Item 5: Other Information
On July 6, 1999, the Registrant entered into and closed a settlement
agreement on its previously disclosed Legal Proceedings of Jeffrey Allard, et al
v. Kidztime TV, Inc., et al in Colorado District Court, Jefferson County,
Colorado. The settlement releases all of the plaintiffs claims against the
Registrant and any potential claims against the Registrant's management. The
terms of the offer were the payment of $100,000 and the issuance of 5,000,000
shares of restricted common stock. The legal proceedings are to be dismissed
with prejudice.
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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 thereunder duly authorized.
ETHIKA CORPORATION
(Registrant)
/s/ Dennis Brovarone
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Dennis Brovarone, President
Date: July 12, 1999
