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: July 1, 1999
CHILDREN'S BROADCASTING CORPORATION
(Exact name of registrant as specified in its charter)
MINNESOTA 0-21534 41-1663712
(State or other (Commission File No.) (IRS Employer ID No.)
jurisdiction
of incorporation)
5501 EXCELSIOR BOULEVARD, MINNEAPOLIS, MINNESOTA 55416
(Address of principal executive offices)
(612) 925-8840
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
(a) On June 22, 1999, at the Registrant's Annual Meeting of
Shareholders, the Registrant announced that it will now be doing business as
iNTELEFILM(SM) Corporation.
(b) Reference is made to the Press Release issued to the public by the
Registrant on July 1, 1999, and attached hereto as an exhibit, relating to the
announcement of the change in the Registrant's ticker symbol from AAHS to FILM.
(c) Reference is made to the cautionary statements of the Registrant,
presented in the Registrant's Form 10-KSB for the year ended December 31, 1998.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
99.1 Press Release dated July 1, 1999.
2
<PAGE>
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: July 1, 1999 CHILDREN'S BROADCASTING CORPORATION
BY: /s/James G. Gilbertson
--------------------------------
James G. Gilbertson
ITS: Chief Financial Officer and
Chief Operating Officer
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<PAGE>
EXHIBIT INDEX
99.1 Press Release dated July 1, 1999.
EXHIBIT 99.1
CHILDREN'S BROADCASTING CORPORATION DBA INTELEFILM(SM)
CHANGES NASDAQ SYMBOL FROM "AAHS" TO "FILM"
EFFECTIVE TODAY, "FILM" HIGHLIGHTS CONTINUED FOCUS ON TELEVISION
COMMERCIAL PRODUCTION
MINNEAPOLIS -- JULY 1, 1999 -- Children's Broadcasting Corporation (AAHS: Nasdaq
National Market), which recently announced that it will be doing business as
iNTELEFILM(SM), will change its Nasdaq symbol from "AAHS" to "FILM," effective
today.
"Our new symbol is indicative of the transformation of Children's
Broadcasting into iNTELEFILM, which, when combined with our interest in Harmony
Holdings, Inc., we believe to be the largest producer of broadcast television
commercials," said Christopher T. Dahl, president and CEO. "iNTELEFILM will
continue to pursue its stated plan to expand through acquisition and internal
growth strategies."
During the company's annual meeting of shareholders last week, Dahl
detailed plans for iNTELEFILM to continue its focus on the broadcast commercial
production industry. Through the acquisition of additional production companies
and related business, iNTELEFILM seeks to better serve global advertising
agencies and to better position itself to provide compact content and related
services to digitally based businesses on the Internet.
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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