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 24, 1996
First Entertainment, Inc.
(Exact name of registrant as specified in its charter.)
Colorado 0-15435 84-0974303
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporated or organization) File No.)
Identification No.)
1380 Lawrence Street, Suite 1400
Denver, Colorado 80204
(Address of principal executive offices zip code)
(303) 592-1235
(Registrant's telephone number, including area code)
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934
Item 1. Changes in Control of Registrant.
In addition, Dr. Theodore Jacobs has agreed to accept a
position as a member of the Registrants Board of Directors.
Item 2. Acquisition or Disposition of Assets.
On July 10, 1996 the Registrant entered into an agreement to
acquire 15,000 shares or 60% of the issued and outstanding shares of
Power Media Communications, International, Inc. (PMCII) in exchange for
770,000 shares of restricted common stock of the Registrant valued at
approximately $400,000.
PMCII is a development stage company with various rights and properties,
some of which it acquired form The Original As Seen On TV Company.
The Registrant intends to develop kiosks in major retail malls
throughout the country which sells products typically seen and
advertised on infomercials. The benefit to the Registrant is selling
products to customers that they have seen on TV but the product
manufacturer provides all the advertising.
Item 3. Bankruptcy or Receivership.
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable
Item 5. Other Events
Not Applicable
Item 6. Resignation of Registrants Directors.
Not Applicable
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
Item 8. Change in Fiscal Year.
Not Applicable
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.
FIRST ENTERTAINMENT, INC.
By: A.B. Goldberg
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A.B. Goldberg President
Dated: July 24, 1996
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