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 (Earliest Event Reported): February 3, 1997
Exact name of Registrant
as specified in its charter: Entree Corporation
State or Other Jurisdiction of Incorporation: Delaware
Commission File Number: 0-16226
I.R.S. Employer Identification Number: 39-1566009
Address of Principal Executive Office: 26025 Mureau Road
Calabasas, CA 91302
Registrant's Telephone Number, Including Area Code: (818) 878-7711
ITEM 5. OTHER EVENTS
On February 4, 1997, the Company announced that it has
completed the sale of the assets of Atlanta Provision Company, Inc.
to Colorado Boxed Beef Company.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press release dated February 4, 1997.
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 thereunto duly authorized.
ENTREE CORPORATION
(Registrant)
Date: February 5, 1997 /s/ R. Scott Miswald
Secretary and Treasurer
Contact: Tony Squeglia
Sattel Communications
(818) 878-7711
E-mail: [email protected]
ENTREE BOARD OF DIRECTORS APPROVES ASSET SALE
Calabasas, CA - February 4, 1997 - The Board of Directors of
Entree Corporation (OTC Bulletin Board: ENTC) voted and approved of
the sale of certain assets of Atlanta Provision Company (APC), to
Colorado Boxed Beef Company of Auburndale, Fl. The net proceeds of
the sale will be used to reduce outstanding loans and to redeem
preferred shares.
The Diana Corporation (NYSE:DNA) owns 80% of Entree Corporation.
Entree is engaged in the distribution of met and seafood through it
wholly owned subsidiary, Atlanta Provision Company.
The Diana Corporation, through its subsidiaries, provides
telecommunications equipment for use in public switched telephone
networks and telecommunications equipment for use in public
switched telephone networks and private data networks; distributes
telecommunications equipment to local and long distance carriers,
systems integrators, and interconnect companies; and installs,
services and resells customer premises equipment for use in voice
and data networks.
