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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) October 20, 2000
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e4L, Inc.
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(Exact name of registrant as specified in charter)
Delaware I-6715 13-2658741
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(State or Other Juris- (Commission File Number) (IRS Employer Identi-
diction of Incorporation) fication No.)
15821 Ventura Boulevard, 5th Floor, Los Angeles, CA 91436
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(Address of principle executive offices) (Zip Code)
Registrant's telephone number, including area code 818-461-6400
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(Former name or former address, if changed since last report.)
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Item 3. Bankruptcy or Receivership.
On October 20, 2000, e4L, Inc.'s ("e4L") wholly-owned United States
subsidiary, Quantum North America, Inc. (d/b/a, e4L North America) ("QNA") filed
a voluntary petition for relief under Chapter 11 of the United States Bankruptcy
Code in the United States Bankruptcy Court for the Central District of
California. QNA's Chapter 11 bankruptcy is proceeding as Case No. SV00-19482-GM.
e4L issued a press release on October 20, 2000 announcing the filing of the
voluntary petition for relief under Chapter 11. This press release is attached
hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference.
Under Chapter 11, QNA will attempt to seek debtor-in-possession financing from
its senior lender, Foothill Capital Corporation ("Foothill"), in order to fund
the Chapter 11 reorganization proceedings.
On October 20, 2000, e4L's wholly-owned United Kingdom subsidiary, Quantum
International Limited ("QIL") filed a petition in the High Court of Justice,
Chancery Division Companies Court in the United Kingdom (the "Court") seeking a
grant of an administrative order. The filing will take approximately two to
three weeks before approval by the Court is granted. During the pendancy of the
filing and approval process, QIL will continue to pursue various strategic
alternatives, including the possible sale of its business. Upon filing of the
administrative proceedings with the Court, QIL will operate under
administration, whereby an administrator will be retained by QIL for the purpose
of either reorganizing or liquidating QIL's business for the benefit of
creditors similar to a Chapter 11 proceeding in the United States.
Item 5. Other Events.
As previously reported, on October 5, 2000, QNA received a demand for
payment pursuant to the Loan Agreement whereby Foothill demanded immediate
payment of principal and interest due thereunder of approximately $11.7 million.
On October 9, 2000, Foothill demanded payment of the approximately $11.7 million
outstanding from e4L pursuant to a General Continuing Guaranty entered into by
e4L and Foothill in connection with the Loan Agreement.
e4L is currently contemplating Chapter 11 filings for two other wholly-
owned United States subsidiaries: Positive Response Television, Inc. and
DirectAmerica Corporation (d/b/a, Quantum Television).
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
99.1 Press Release dated October 20, 2000.
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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.
e4L, Inc.
(Registrant)
Date: October 23, 2000 By: /s/ Daniel M. Yukelson
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Name: Daniel M. Yukelson
Title: Executive Vice President/Finance
and Chief Financial Officer
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