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: January 18, 2000
iNTELEFILM CORPORATION
(Exact name of registrant as specified in its charter)
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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 January 18, 2000, and attached hereto as an exhibit, relating to
the annoucement of WebADTV.com, Inc. a new formed subsidiary of the Registrant,
which will consolidate the digital video asset management service,
inteleSource.org, with the further development of web based services for the
advertising agency industry.
(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 January 18, 2000.
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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: January 19, 2000 iNTELEFILM CORPORATION
BY: /s/ Steven C. Smith
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Steven C. Smith
ITS: Chief Financial Officer
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EXHIBIT INDEX
99.1 Press Release dated January 18, 2000.
EXHIBIT 99.1
CONTACTS:
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Michael Delgado Mintie Das
iNTELEFILM(sm) Corporation iNTELEFILM(sm) Corporation
612.925.8883 612.925.8895
[email protected] [email protected]
FOR IMMEDIATE RELEASE
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iNTELEFILM(SM) FORMS NEW SUBSIDIARY -- "webADTV.com"
BUILDING ON INTELESOURCE.ORG, NEW COMPANY ENVISIONS BUSINESS-TO-BUSINESS PORTAL
MINNEAPOLIS, JAN. 18, 1999 -- iNTELEFILM(sm) Corporation (Nasdaq:FILM),
today announced the launch of webADTV.com, a newly formed subsidiary. The new
company will combine iNTELEFILM's digital archiving and retrieval service,
INTELESOURCE.ORG, with additional Web-based services under development.
In addition, webADTV.com is charged with furthering iNTELEFILM's main
Internet initiatives, which include applying iNTELEFILM's expertise in
short-form video to new media advertising models, increasing company-wide
efficiencies through the use of new Web-based technologies and the development
of a business-to-business portal.
The formation of webADTV.com follows iNTELEFILM's December
announcements of the development of InteleSource.org in conjunction with AT&T
and Excalibur Technologies (Nasdaq:EXCA) and a relationship with Hitplay.com, an
Internet content syndicator.
Christopher T. Dahl, iNTELEFILM president and CEO, today announced the
appointment of iNTELEFILM COO James Gilbertson as president of webADTV.com.
Michael Delgado, iNTELEFILM's executive vice president of marketing, will serve
as vice president, business development of the new company.
"We see webADTV as a strategic move to match the fast-moving expansion
of our industry into the digital age, Dahl said. "As a leader in the commercial
production services industry, we have been fortunate to establish key
relationships that have enabled the development of Web-based services.
(more)
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"Jim Gilbertson and Mike Delgado have been valuable assets in
transforming iNTELEFILM over the past two years into the world's largest
producer of television commercials. Making their vision of the future a reality
is already underway with InteleSource.org. I am confident they will continue to
excel in their expanded roles."
Gilbertson said, "We expect webADTV.com to more quickly advance our
overall Internet initiatives, including the addition of a greater array of
services beyond InteleSource.org and the creation of a videocentric
business-to-business portal targeting advertising agencies and broadcast
commercial production companies."
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 pool of talent and technical
expertise to capitalize on the convergence of short-form video content and
technologies of broadband Internet delivery systems. Individual 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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01/18/00
