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UNITED STATES
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): July 6, 1998
AMERICAN VANTAGE COMPANIES
(Exact name of registrant as specified in its charter)
Nevada 0-10061 04-2709807
(State or Other Jurisdiction (Commission File Number) (IRS Employer Ident. No.)
of Incorporation)
6787 West Tropicana, Suite 200, Las Vegas, Nevada 89103
(Address of Principal Executive Offices) (Zip Code)
(702) 227-9800
Registrant's telephone number, including area code
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Item 5. Other Events.
On July 6, 1998 the Board of Directors of American Vantage Companies, a
Nevada corporation (the "Registrant"), authorized the refund of $3,119,600 to
the investors in its 64% owned subsidiary, G&L Acquisition Corp. ("G&L"). The
money raised by the subsidiary was intended for the purchase or establishment
of a gaming or leisure business and was to be invested within an eighteen month
period. G&L was not able to find, within the permitted time period, an
investment which met G&L's specific investment criteria. As a result, investors
will receive a refund of their original investments in full.
Item 7. Exhibits.
99.1 Press Release of American Vantage Companies, dated July 16, 1998.
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.
AMERICAN VANTAGE COMPANIES
(Registrant)
Date: July 16, 1998 By: /s/ Ronald J. Tassinari
-------------------------
Ronald J. Tassinari
President
2
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release of American Vantage Companies, dated July __, 1998.
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[AMERICAN VANTAGE COMPANIES LETTERHEAD]
Exhibit 99.1
CONTACT AT THE COMPANY:
AUDREY TASSINARI, EXECUTIVE VICE PRESIDENT
702-227-9800
FOR IMMEDIATE RELEASE
THURSDAY JULY 16, 1998
AMERICAN VANTAGE COMPANIES ANNOUNCES REFUND OF G & L
CAPITAL TO INVESTORS
LAS VEGAS, NV, July 16, 1998 -- American Vantage Companies today announced that
it is refunding money to the investors in its 64% owned subsidiary, G & L
Acquisition Corp. The money raised by the subsidiary was intended for the
purchase or establishment of a gaming or leisure business and was to be
invested within an eighteen month period. The Company was not able to find,
within the permitted time period, an investment which met specific investment
criteria. As a result, investors will receive a refund of their original
investments in full.
American Vantage Companies (NASDAQ ACES) has a gaming consulting contract with
the Table Mountain Tribe for the Table Mountain Casino located near Fresno,
California. The Table Mountain Tribe is one of six tribes which have signed
compacts with the State of California.
This press release may contain forward-looking statements, which are subject to
risks and uncertainties, such as the legal status of Indian gaming in the State
of California. The Company's actual results may differ materially from those
described in any forward-looking statements. Additional information concerning
potential risk factors that could affect the Company's business and financial
results are included in the Company's filings with the Securities and Exchange
Commission. They can also be found on the Company's website at www.aces1.com
and on the Securities and Exchange Commission's website at www.sec.gov.
