UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
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INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
NEW FRONTIER MEDIA, INC.
(NAME OF ISSUER)
Common Stock
(TITLE OF CLASS OF SECURITIES)
644398-10-9
(CUSIP NUMBER)
February 3, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1 (b)
/ / Rule 13d-1 (c)
/ X / Rule 13d-1 (d)
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* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
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CUSIP NO. 644398-10-9 13G Page 2 of 5
1. NAME OF REPORTING PERSON, I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(ENTITIES ONLY): Columbine Financial Solutions, Inc.,
Fed. I.D. No. 13-84-472004
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*: (a) / /
(b) / /
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
NUMBER OF SHARES 5. SOLE VOTING POWER: 738,000
BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH 6. SHARED VOTING POWER:
7. SOLE DISPOSITIVE POWER: 738,000
8. SHARED DISPOSITIVE POWER:
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 738,000
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES:* / /
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 8.06%
12. TYPE OF REPORTING PERSON*: CO
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* See Instructions before filling out!
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CUSIP NO. 644398-10-9 13G Page 3 of 5
Schedule 13G of Columbine Financial Solutions, Inc. with respect to the common
stock (the "Common Shares") of New Frontier Media, Inc. (the "Company").
ITEM 1 (a) NAME OF ISSUER:
New Frontier Media, Inc.
ITEM 1 (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5435 Airport Road, Suite 100, Boulder, Colorado 80301
ITEM 2 (a) NAME OF PERSON FILING:
Columbine Financial Solutions, Inc.
ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
3801 E. Florida Street, Suite 400, Denver, CO 80210
ITEM 2 (c) CITIZENSHIP:
Columbine Financial Solutions, Inc. is a Colorado corporation.
ITEM 2 (d) TITLE OF CLASS OF SECURITIES:
A Common Stock
ITEM 2 (e) CUSIP NUMBER:
644398-10-9
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B) or (C), CHECK WHETHER THE PERSON FILING IS A:
(a) ( ) Broker or Dealer registered under Section 15 of
the Securities Exchange Act of 1934 (the "Act")
(b) ( ) Bank as defined in Section 3(a)(6) of the Act
(c) ( ) Insurance Company as defined in Section 3(a)(19)
of the Act
(d) ( ) Investment Company registered under Section 8 of
the Investment Company Act of 1940
(e) ( ) An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E);
(f) ( ) An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) ( ) A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) ( ) A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act;
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CUSIP NO. 644398-10-9 13G Page 4 of 5
(i) ( ) A church plan that is excluded from the
definition of an investment company under Section
3(c)(14) of the Investment Company Act;
(j) ( ) A Group, in accordance with Rule
13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. /X/
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
738,000
(b) Percentage of Class:
8.06% (based on the 6,542,000 Common Shares reported to
be outstanding in the Company's Quarterly Report on Form
10-QSB for the quarter ended September 30, 1998 and
after giving effect to the conversion of the Company's
8% Convertible Debentures and the shares issuable upon
exercise of the warrants held by them).
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 738,000
(ii) shared power to vote or to direct the vote:
(iii) sole power to dispose or to direct the disposition
of :738,000
(iv) shared power to dispose to direct the disposition
of:
Columbine Financial Solutions owns 638,000 shares of common stock
and warrants to purchase an additional 100,000 shares of common stock of the
Company.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
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CUSIP NO. 644398-10-9 13G Page 5 of 5
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c))
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 15, 1999
COLUMBINE FINANCIAL SOLUTIONS, INC.
By: /s/ Kathleen M. O'Keefe
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Kathleen M. O'Keefe
