AD970990.032
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): April 7, 1997
COLOROCS INFORMATION TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)
Georgia 0-14392 58-1482573
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
5600 Oakbrook Parkway, Suite 240
Norcross, Georgia 30093
(Address of principal executive offices, including zip code)
(770) 447-3570
(Registrant's telephone number, including area code)
Page 1 of 5
Exhibit Index on Page 3
Item 7. Financial Statements and Exhibits
(a) The following exhibit is filed as part of this
Form 8-K:
Exhibit Description Page
No.
99 Press release dated April 7, 1997 4
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.
COLOROCS INFORMATION
TECHNOLOGIES, INC.
(Registrant)
/s/ Alan McKeon
Alan McKeon
President
Date: April 9, 1997
EXHIBIT INDEX
Exhibit Description Page
No.
99 Press release dated April 7, 1997 4
PRESS RELEASE
<TABLE>
CONTACTS:
<S> <C> <C>
Andrea Salkin Jim Gustke Andrew Dod
KillerApp Communications NetChannel Inc. ViewCall America
213/938-7600 415/615-8700 770/729-2929 ext. 205
[email protected] [email protected] [email protected]
</TABLE>
NETCHANNEL INC. SIGNS LETTER OF INTENT
TO ACQUIRE VIEWCALL AMERICA, INC.
Combined Venture Underscores Commitment to Deliver
Personalized Internet TV Service
South San Francisco, April 7, 1997 -- NetChannel Inc.,
developers of an Internet and information delivery service
designed specifically for the television-viewing audience,
has signed a letter of intent to acquire ViewCall America,
Inc., developer of On-TV[TM], the personal Internet TV channel,
it was announced today by Philip J. Monego, Sr., co-founder
and CEO of NetChannel Inc. The acquisition will bring
together two companies with similar strategies to enhance
the television viewing experience by utilizing the Internet
as a resource to deliver personalized entertainment and
information.
"NetChannel and ViewCall America are joining forces to
extend our shared vision for a personally relevant consumer
Internet TV service," said Monego. "Our television viewing
audience will receive greater value through a service that
'delivers' requested programming that is individually
important in their daily lives."
Alan McKeon, president and CEO of ViewCall America, said
"Combining resources with NetChannel, a company with a
common vision and desire to use the Internet as a channel to
deliver personally relevant information to television
viewers everywhere, fortifies an emerging industry segment
and should significantly enhance the content and service
components of the Internet-enabled products."
The company's senior management team will be led by Monego,
and will include members of both NetChannel and ViewCall
America. The service, which will launch this summer, will
integrate both companies' efforts, taking advantage of
NetChannel's strength online community building and
personalization and ViewCall America's proven ability to
deliver real time presentation of information. The combined
company will deliver a service based on open standards.
Hardware manufacturers will include NetChannel's existing
partnership with Thomson Consumer Electronics (makers of
RCA, Proscan, and GE televisions) as well as companies with
which ViewCall America has previously announced
relationships.
Stockholders of ViewCall America, a majority-owned
subsidiary of Colorocs Information Technologies, Inc. (OTC
Bulletin Board: CLRC), will become shareholders of
NetChannel Inc. following the acquisition. The company will
be based in South San Francisco with offices in Norcross,
Georgia and London, England. Additional information will be
available following the signing of a definitive agreement
expected later this month.
About ViewCall America
ViewCall America is committed to enhancing the television
experience by using the Internet to bring consumers a wide
variety of entertainment and services delivered through On-
TV[TM], the personal Internet TV channel that keeps viewers in
touch through e-mail, information tailored to viewer needs,
and general web access. ViewCall America is a majority-
owned subsidiary of Colorocs Information Technologies, Inc.
(OTC Bulletin Board: CLRC), headquartered in Norcross, GA.
ViewCall America can be found on the Internet at
http://www.viewcall.net.
About NetChannel
NetChannel Inc. is the developer of NetChannel, an Internet
and information service designed to extend the television
experience by delivering personally relevant information and
entertainment. Founded in 1996, the company employs a staff
of 60 and is based in South San Francisco. NetChannel Inc.
is currently aligned with manufacturing partner Thomson
Consumer Electronics and Network Computer, Inc. (NCI), a
wholly owned subsidiary of Oracle. NetChannel Europe, a
wholly owned subsidiary of NetChannel Inc., is based in
London. NetChannel's Web site can be accessed via the
Internet at http://www.netchannel.net.
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