SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
August 10, 1999
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UNITEL VIDEO, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-8654 23-1713238
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
555 West 57th Street, New York, New York 10019
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(Address of principal executive offices) (Zip Code)
212-265-3600
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address,
if changed since last report.)
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FORM 8-K UNITEL VIDEO, INC.
(File no. 1-8654) Page 2 of 2
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Item 5. Other Events
On August 16, 1999, Unitel Video, Inc. ("Unitel") issued a press release
reporting, among other things, that Unitel is no longer involved in negotiations
with National Mobile Television, Inc. ("NMT") regarding a sale of the mobile
television production assets of Unitel Mobile Video, a division of Unitel.
Unitel previously announced that it had reached an agreement in principle for
NMT to acquire the mobile television production assets of Unitel Mobile Video
and that Unitel and NMT were pursuing the negotiation of a definitive purchase
and sale agreement. A copy of the press release is attached to this Form 8-K as
Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial statements of business acquired:
Not applicable
(b) Pro forma financial information:
Not applicable
(c) Exhibits:
99.1: Unitel Video, Inc. Press Release dated August 16, 1999.
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.
UNITEL VIDEO, INC.
Dated: August 18, 1999 By: /s/ Barry Knepper
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Barry Knepper
Chief Executive Officer
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Unitel Video, Inc. Press Release dated August 16, 1999
NEWS ANNOUNCEMENT
CONTACT:
Barry Knepper
Chief Executive Officer
Phone 212-265-3600
Fax 212-581-7748
FOR IMMEDIATE RELEASE
UNITEL VIDEO NO LONGER IN NEGOTIATIONS REGARDING SALE
OF
MOBILE DIVISION
NEW YORK, August 16, 1999 - Unitel Video, Inc. ("Unitel") (ASE:UNV), a leading
provider of studio, mobile and post-production services for the entertainment
industry, reported today that it is no longer involved in negotiations with
National Mobile Television, Inc. ("NMT") regarding a sale of the mobile
television production assets of Unitel Mobile Video, a division of Unitel.
Unitel previously announced that it had reached an agreement in principle for
NMT to acquire the mobile television production assets of Unitel Mobile Video
and that Unitel and NMT were pursuing the negotiation of a definitive purchase
and sale agreement.
Unitel also announced that it has reached an agreement in principle to sell its
owned real estate located in California the proceeds from which will be used to
repay certain indebtedness.
Unitel is a leading provider of studio and mobile production facilities and
post-production services to virtually every major entertainment company in the
United States. Unitel's studio division comprises four production studios in New
York City that are used by leading network, cable and syndicated television
producers. Unitel's mobile division, with eleven units, provides on-location
services for the taping and live telecasting of sports, musical, entertainment
and cultural events throughout North America. Unitel also provides
post-production services to producers of theatrical films, television programs
and corporations through its New York based post-production facility
This news announcement contains certain forward-looking statements under federal
securities laws which are based upon current expectations and involve certain
risks and uncertainties. Under the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, readers should note that these
statements may be impacted by several factors, and, accordingly, Unitel's actual
performance and results may vary from those stated herein.
