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) December 12, 1995
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Go-Video, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 2-331855 86-0492122
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(State of Incorporation) (Commission (IRS E.I.N.)
File Number)
14455 North Hayden Road, Suite 219, Scottsdale, Arizona 85260
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(Address of principal executive offices) (Zip code)
(602) 998-3400
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(Registrant's telephone number, including area code)
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Item 5. Other Events
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Go-Video announced that it had reached agreement with Shintom Co., Ltd. of Japan
for the manufacturing of Dual-Deck VCRs for Go-Video. Previously, Samsung
Corporation of Korea was the sole manufacturer of Dual-Deck VCRs for Go-Video. A
press release regarding the agreement is attached as an exhibit.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
Exhibit No. 20 Press Release dated December 12, 1995
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
GO-VIDEO, INC. (Registrant)
Date: December 17, 1995 By /S/ ROGER B. HACKETT
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Roger B. Hackett
Chairman of the Board,
Chief Executive Officer,
President and Chief Operating Officer
Date: December 17, 1995 By /S/ DOUGLAS P. KLEIN
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Douglas P. Klein
Vice President,
Chief Financial Officer,
Secretary and Treasurer
Company Contact:
Edward J. Brachocki
VP Corporate Development
Go-Video, Inc.
[email protected]
(602)998-3400
FOR IMMEDIATE RELEASE:
GO-VIDEO ANNOUNCES ADDITION OF SECOND MANUFACTURER
FOR DUAL-DECK VCRs
Shintom Co., Ltd. of Japan Selected as Additional OEM Supplier
SCOTTSDALE, ARIZONA, December 12, 1995 -- Go-Video, Inc., (AMEX:VCR) today
announced it has reached agreement with Shintom Co., Ltd. of Japan for the
manufacture of Go-Video's patented Dual-Deck video cassette recorders. Under the
agreement, Shintom Co., Ltd. will co-develop and manufacture selected new models
of Dual-Deck VCRs for Go-Video. Previously, all of Go-Video's VCR products were
manufactured exclusively by Samsung Corporation of South Korea.
The addition of a second manufacturer is expected to provide Go-Video with
greater flexibility and additional options in the area of VCR product
development and pricing. Manufacturing through Shintom is scheduled to begin by
mid 1996. The new products will augment Go-Video's current line of Dual-Deck
VCRs, and are expected to allow the company to more aggressively address a
larger portion of the VCR market in the United States and expand distribution to
Europe and other world markets.
Shintom Company, a premiere Japanese electronics firm, was formed in 1955 and
has production facilities in Japan and Indonesia. In addition to VCRs, Shintom
also manufactures cellular telephones and car audio equipment.
Roger B. Hackett, chairman and chief executive officer of Go-Video said, "The
growth of our core Dual-Deck VCR business has always been, and will continue to
be, our highest priority. That is why we are so pleased to announce a second
manufacturer for our products, especially a company as well respected as
Shintom. Now we have two world class manufacturers to help support our growth
plans in the United States and elsewhere."
"There are two key benefits from this new manufacturing relationship, "
continued Hackett. "First is our ability to address lower price points for our
entry level model, which we believe can significantly increase our distribution
base. Secondly, using Shintom as a manufacturer, we plan to expand Dual-Deck
distribution to Europe by early 1997, where interest in our products is very
high."
Earlier this year, Go-Video announced a diversification plan under which the
company would expand its product offerings within the video segment of the
consumer electronics marketplace while continuing to expand its core Dual-Deck
VCR business. A second source of supply has been an important element in the
company's strategic diversification plan. Recently, Go-Video announced its
intention to begin development of a large screen rear projection LCD television
with Prolux Corporation, an optics and light technology company based in
Southern California.
Go-Video is a diversified video technology company which developed and holds
patents on the Dual-Deck VCR, as well as a variety of other video technology
products and systems. The company distributes its products through leading
catalogs and in over 4000 retail storefronts. Go-Video is dedicated to
continuous research to expand its lines of innovative video-related products for
both consumer and commercial customers. Go-Video is headquartered in Scottsdale,
Arizona, and its common stock is traded on the American Stock Exchange.
