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- - -------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 3 WASHINGTON, D.C. 20549
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
(Print or Type Responses) Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person* 2. Date of Event Re- 4. Issuer Name AND Ticker or Trading Symbol
quiring Statement
Pleasure Licensing LLC (1) (Month/Day/Year) New Frontier Media, Inc. (NPPF)
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(Last) (First) (Middle) February 12, 1999 5. Relationship of Reporting Person(s) 6. If Amendment, Date
----------------------- to Issuer (Check all applicable) of Original
3. IRS or Social Se- Director X 10% Owner (Month/Day/Year)
59 Lake Drive, P.O. Box 946 curity Number of ---- ----
Reporting Person Officer (give Other (specify ---------------------
- - ------------------------------------------------- (Voluntary) title below) below) 7. Individual or
(Street) ---- ---- Joint/Group Filing
(Check Applicable
Line)
--------------------------- Form filed by One
Reporting Person
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Form filed by
More than One
Hightstown NJ 08502 X Reporting Person
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(City) (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Form: Direct Ownership (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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common stock (2) 700,000 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, SEE Instruction 5(b)(v).
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FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial
Expiration (Instr. 4) Exercise Form of Ownership
Date Price of Deriv- (Instr. 5)
(Month/Day/ Deri- ative
Year) vative Security:
-------------------------------------------------- Security Direct
Amount (D) or
Date Expir- or Indirect
Exer- ation Title Number (I)
cisable Date of
Shares (Instr. 5)
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warrant (right to buy) (2) 2/12/99 2/12/04 common stock 700,000 $1.12 D
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warrant (right to buy) (3) 2/12/00 2/12/04 common stock 62,500 $2.125 D
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warrant (right to buy) (3) 2/12/01 2/12/04 common stock 62,500 $2.125 D
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warrant (right to buy) (3) 2/12/02 2/12/04 common stock 62,500 $2.125 D
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warrant (right to buy) (3) 2/12/03 2/12/04 common stock 62,500 $2.125 D
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warrant (right to buy) (4) 2/12/00 2/12/04 common stock 62,500 $2.125 D
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warrant (right to buy) (4) 2/12/01 2/12/04 common stock 62,500 $2.125 D
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warrant (right to buy) (4) 2/12/02 2/12/04 common stock 62,500 $2.125 D
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warrant (right to buy) (4) 2/12/03 2/12/04 common stock 62,500 $2.125 D
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Explanation of Responses:
(1) This Form 3 is filed jointly on behalf of Pleasure Licensing LLC
("Pleasure"), Michael Koretsky and Frank Koretsky (collectively, the
"Reporting Persons"). The common stock and warrants are beneficially owned,
as indicated in each instance, by one of the three Reporting Persons.
Michael Koretsky and Frank Koretsky each own 50% of Pleasure. Michael
Koretsky's address is 59 Lake Drive, P.O. Box 946, Hightstown, NJ 08502.
Frank Koretsky's address is 59 Lake Drive, P.O. Box 946, Hightstown, NJ
08502.
(2) Beneficially owned by Pleasure.
(3) Beneficially owned by Michael Koretsky.
(4) Beneficially owned by Frank Koretsky.
PLEASURE LICENSING LLC
BY: /S/ MICHAEL KORETSKY FEBRUARY 22, 1999
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Michael Koretsky Date
Member
/S/ MICHAEL KORETSKY FEBRUARY 22, 1999
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Michael Koretsky Date
/S/ FRANK KORETSKY FEBRUARY 22, 1999
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Frank Koretsky Date
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
SEE Instruction 6 for procedure.
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