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: December 8, 1999
iNTELEFILM CORPORATION
(Exact name of registrant as specified in its charter)
MINNESOTA 0-21534 41-1663712
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(State or other (Commission File No.) (IRS Employer ID No.)
jurisdiction
of incorporation)
5501 EXCELSIOR BOULEVARD, MINNEAPOLIS, MINNESOTA 55416
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(Address of principal executive offices)
(612) 925-8840
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(Registrant's telephone number, including area code)
Children's Broadcasting Corporation (former name)
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ITEM 5. OTHER EVENTS.
(a) Reference is made to the Press Release issued to the public by the
Registrant on December 8, 1999, and attached hereto as an exhibit, relating to
the annoucement of the joint venture with AT&T and Excalibur Technologies
Corporation regarding the creation of INTELESOURCE.ORG.
(b) Reference is made to the cautionary statements of the Registrant,
presented in the Registrant's Form 10-KSB, as amended, for the year ended
December 31, 1998.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
99.1 Press Release dated December 8, 1999.
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SIGNATURE
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.
Dated: December 9, 1999 iNTELEFILM CORPORATION
BY: /s/ James G. Gilbertson
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James G. Gilbertson
ITS: Chief Operating Officer and
Chief Financial Officer
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EXHIBIT INDEX
99.1 Press Release dated December 8, 1999.
EXHIBIT 99.1
CONTACTS:
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Michael Delgado Phong Nguyen Karen Snedeker
iNTELEFILM(SM) Corporation AT&T Corp. BlueFire Partners
612.925.8883 612.376.5332 612.344.1000
[email protected]
FOR IMMEDIATE RELEASE
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iNTELEFILM(SM) TO WORK WITH AT&T/EXCALIBUR FOR BROADBAND APPLICATIONS
INTERNET/INTRANET SOLUTION IN FIRST STEP OF WEB-BASED CONTENT STRATEGIES
VIDEO CONTENT MANAGEMENT SOFTWARE LEADER, EXCALIBUR, TEAMS
WITH iNTELEFILM IN VALUE-ADDED APPLICATION
MINNEAPOLIS, DEC. 8, 1999 -- iNTELEFILM(SM) Corporation (Nasdaq:FILM),
in development with AT&T and Excalibur Technologies Corporation (Nasdaq:EXCA),
today announced the creation of INTELESOURCE.ORG, the only digital video
archiving and retrieval service designed specifically for global advertising
agencies - the core iNTELEFILM customer. AT&T and Excalibur will provide dynamic
hosting, connectivity and video content management technologies for the
data-based service. "The need for on-demand digital archiving and retrieval of
video assets by global ad agencies has never been greater," said Christopher T.
Dahl, iNTELEFILM's president and CEO. "We are very pleased to work with a
broadband player like AT&T and to leverage Excalibur Screening Room's
breakthrough video content management functionality." iNTELEFILM COO Jim
Gilbertson added, "As the world's largest producer of television commercials
servicing this market, we are excited to couple our agency relationships with
the AT&T infrastructure and the new Excalibur architecture for managing video
content over networks to take additional steps in Web-enabling our services."
INTELESOURCE.ORG is a Web-based digitized video storage and retrieval service
designed exclusively for use by global advertising agencies and their clients.
Utilizing Excalibur Screening Room technologies powered by AT&T Labs technology,
INTELESOURCE encodes television commercials with specific searchable criteria
such as ISCI codes, clients, products,
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directors, producers, and creatives, empowering agencies and their clients to
more efficiently manage and retrieve assets from their extensive video
libraries. INTELESOURCE.ORG was developed and is being marketed in partnership
with The Source Maythenyi (The Source), which has provided both text-base and
video information services to major advertising agencies for more than 10 years.
In addition, iNTELEFILM will be utilizing the AT&T/Excalibur products
in an intranet application among its family of companies and their offices in
New York, Los Angeles, San Francisco, Minneapolis, London and Sydney, Australia.
The intranet will not only allow iNTELEFILM to better manage its own video
archives but will provide a unique competitive advantage by providing agencies
direct access to samples of the companies' creative work.
ABOUT AT&T
AT&T Corp. is the world's premier communications and information
services company, serving more than 90 million customers, including consumers,
businesses and government. The company has annual revenues of more than $52
billion and 130,000 employees. It runs the world's largest, most sophisticated
communications network and is the leading provider of long-distance, wireless
services and direct Internet access. AT&T operates in more than 200 countries
around the world.
ABOUT EXCALIBUR TECHNOLOGIES CORPORATION
Founded in 1980, Excalibur Technologies Corporation (Nasdaq:EXCA) is
the pioneer of innovative Knowledge Retrieval Software solutions that transform
information into knowledge. Excalibur empowers people and enables organizations
to quickly analyze, index, catalog, browse, access, search, retrieve and more
easily share all enterprise knowledge assets, be they paper, text, images or
video. The company is based in Vienna, Va. Contact Excalibur in North America at
800.788.7758.
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ABOUT iNTELEFILM
iNTELEFILM(SM) Corporation, based in Minneapolis, is a leading source
of services for the television commercial production industry, offering the most
extensive production capability available in the United States and the exclusive
services of established industry talent. The company plans additional
acquisitions to further broaden its offering of services with the objective of
enhancing overall profit margins and leveraging its unique pool of talent and
technical expertise to capitalize on the convergence of short-form video content
and technologies of broadband Internet delivery systems. Subsidiary companies
managed under the iNTELEFILM umbrella include Chelsea Pictures, New York, Los
Angeles and Sydney, Australia; Curious Pictures, New York and San Francisco; The
End, Los Angeles, New York, and London, and Populuxe Pictures, New York.
iNTELEFILM trades on the Nasdaq National Market under the symbol "FILM."
Additional information on the company can be found in the company's filings with
the Securities and Exchange Commission and on the company's Web site at
http://www.intelefilm.com.
Certain statements made in this press release constitute "forward looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
anticipated. Such factors include, but are not limited to, changes in economic
conditions and the risks and uncertainties described in the company's filings
with the Securities and Exchange Commission. No assurance can be given that
iNTELEFILM will consummate any acquisitions or that any such acquisitions will
be profitable.
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