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CURRENT REPORT FOR ISSUERS SUBJECT TO THE
1934 ACT REPORTING REQUIREMENTS
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
SEPTEMBER 12, 1997
(Date of Report)
INSTANT VIDEO TECHNOLOGIES, INC.
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(Exact Name of Small Business Issuer as Specified in its Charter)
Commission File No. 33-35580-D
DELAWARE 84-1141967
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(State or Other Jurisdiction (I.R.S. Employer
of Incorporation) Identification Number)
500 SANSOME STREET, SUITE 503
SAN FRANCISCO, CALIFORNIA 94111
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(Address of Principal Executive Offices,
Including Zip Code)
Registrant's Telephone Number, Including Area Code: (415) 391-4455
This Form 8-K consists of 5 pages. Exhibits are indexed at page 2.
001
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ITEM 5. OTHER EVENTS
1. Please refer to Press Release dated September 12, 1997, incorporated
herein and attached as Exhibit 10.37.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibits are filed as part of this report:
Exhibit Sequential
No. Description Location Page No.
- ------- ----------- -------- ----------
10.37 Press Release dated September 12, 1997 Attached -004-
002
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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.
INSTANT VIDEO TECHNOLOGIES, INC.
Dated: September 12, 1997 By: /s/ RICHARD LANG
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Richard Lang, President/
Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
10.37 Press Release dated September 12, 1997
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EXHIBIT 10.37
PRESS RELEASE FOR IMMEDIATE RELEASE
For more information, please contact:
David Morgenstein
Vice President Operations
415.391.4455
[email protected]
INSTANT VIDEO TECHNOLOGIES, INC.
CO-FOUNDER RICHARD LANG
ASSUMES CHAIRMAN AND CEO POSITIONS
San Francisco, California, September 12, 1997; Instant Video
Technologies, Inc., (OTC:IVDO), announced today that IVT co-founder Richard Lang
has been elected Chairman, President, and Chief Executive Officer of IVT. He
replaces Gary R. Familian, who has resigned from the executive positions in
order to focus exclusively on IVT licensing activities as a paid consultant to
the Company. Mr. Familian has been an executive of IVT since 1994. Mr. Familian
shall remain a member of IVT's Board of Directors. Therese A. Stacy, IVT's
Executive Vice President of Business Development, and Mr. Familian's wife,
shall be leaving the Company to pursue other interests.
Richard Lang is the co-founder of Instant Video Technologies, Inc. and the
inventor of record for the bulk of IVT's patent portfolio, which covers the
faster-than-real-time transfer of audio and video over networks. As co-founder
of the Company, Mr. Lang has been involved during every stage of IVT's
development, and has previously served the Company as Chairman and CEO.
"During the past year IVT has begun to take advantage of the growing needs for
its technology in the marketplace," said Richard Lang. "I am pleased to be able
to assist IVT during this exciting time of transition and growth."
IVT holds the patents for the faster-than-real-time transfer of audio and video
over network systems, and has developed Burstware(TM) (software) and the
Burstware Viewer(TM) which optimize bandwidth and network resources that enable
the instant delivery and viewing of multimedia content material over computer
networks.
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This news release may contain forward-looking statements relating to the future
performance of Instant Video Technologies, Inc. Forward-looking statements,
specifically those concerning future performance, are subject to certain risks
and uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in the company's filings with the
Securities and Exchange Commission (SEC).
Burstware(TM) and Burstware Viewer(TM) are trademarks of Instant Video
Technologies, Inc.
Instant Video Technologies Inc.
Instant Video Technologies has developed and owns a comprehensive
patent portfolio covering the faster-than-real-time transmission and reception
of audio and video programming. The Company describes this type of
communication as "burst," and has developed a line of software called
Burstware, which it licenses to the telecommunications, entertainment, and
financial industries. Instant Video Technologies is trading on the OTC
Bulletin Board under the symbol IVDO, and can be found on the Internet at
http://www.burst.com.
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