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: March 2, 2000
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 March 2, 2000, and attached hereto as an exhibit, relating to the
engagement of Spot Rocket as a provider of digital encoding services and related
video delivery expertise to inteleSource.org, a service housed within
webADTV.com, Inc., a wholly-owned subsidiary of the Registrant.
(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 March 2, 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: March 3, 2000 iNTELEFILM CORPORATION
BY: /s/ James G. Gilbertson
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James G. Gilbertson
ITS: Chief Operating Officer
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EXHIBIT INDEX
99.1 Press Release dated March 2, 2000.
EXHIBIT 99.1
CONTACTS
Mintie Das
iNTELEFILM(sm) Corporation
612.925.8895
[email protected]
FOR IMMEDIATE RELEASE
webADTV.com ENGAGES VIDEO DELIVERY SPECIALISTS, SPOT ROCKET TO PROVIDE
DIGITAL ENCODING FOR ITS VIDEO ARCHIVING AND RETRIEVAL SOLUTION,
"inteleSource.org"
MPEG 1 AND MPEG 4 VIDEO FILES TAGGED WITH 22
FIELDS OF METADATA AND UPLINKED TO INTERNET
HOST FOR ON-DEMAND SEARCHING AND STREAMING
MINNEAPOLIS, MARCH 2, 2000- iNTELEFILM(sm) (Nasdaq: FILM) announced
today that the globally recognized video compression and delivery system
provider, Spot Rocket, agreed to provide digital encoding services and related
video delivery expertise to inteleSource.org, the only digital video archiving
and retrieval service designed specifically for global advertising agencies and
their clients. inteleSource.org is the first subscription based service planned
to be housed within the webADTV.com, Inc. ("webADTV") portal,a wholly owned
subsidiary of iNTELEFILM. "Building on the partnership forged with AT&T and
Excalibur Technologies to create the inteleSource service, we are pleased to add
the solid base of technology, expertise and support Spot Rocket provides in the
fast emerging area of hosted streaming media solutions." stated webADTV,
President and CEO, James Gilbertson. Spot Rocket, a division of Cincinnati based
PPS, Inc. has been manufacturing, installing and servicing peer to peer systems
for the delivery of large broadcast quality video files for over 5 years. Spot
Rocket maintains a worldwide client base that includes major advertising
agencies such as Grey Advertising, Saatchi & Saatchi, D'Arcy, Ogilvy & Mather as
well as Fortune 500 clients including Procter and Gamble, Hasbro, General Mills,
Anheuser Busch and other major television advertisers. "Our familiarity and
experience with the variety of encoding requirements involved in on-line video
delivery as well as our reputation as a leader in streaming media will assist
webADTV in the implementation of the inteleSource service into the
martketplace." stated Spot Rocket president, James Bird.
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ABOUT inteleSource.org
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 architectures powered by AT&T Labs
technology, inteleSource encodes television commercials with specific searchable
criteria such as ISCI codes, clients, products, directors, producers and
creatives, empowering agencies and their clients to more efficiently manage and
retrieve assets form 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.
ABOUT webADTV.com
webADTV.com, Inc ("webADTV") is iNTELEFILM's wholly-owned subsidiary.
webADTV is being developed as a unique business to business portal servicing
global advertising agencies and their clients. webADTV is based upon the web
enabled video archiving and retrieval service, inteleSource.org recently created
in partnership with AT&T and Excalibur Technologies (Nasdaq: EXCA).
ABOUT iNTELEFILM
iNTELEFILM(sm) Corporation, based in Minneapolis, is the 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. iNTELEFILM intends to seek 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.
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ABOUT SPOT ROCKET
Spot Rocket is a wholly owned subsidiary of PPS, Inc., a Cincinnati, OH
based editorial and post production facility. Spot Rocket has been servicing the
video content and distribution needs of many of the world's largest television
advertisers, agencies and post-production facilities for the last 5 years. Their
clients include Fortune 500 companies, advertising agencies and others involved
in television advertising and content distribution over digital networks. They
provide turnkey video compression and distribution systems and services
worldwide through their corporate headquarters in Cincinnati and through
strategic partnerships with companies in Europe and Australia.
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
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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Forward looking statements
Certain statements made in this press release of a non-historical nature
constitute "forward looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1985. 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 Form 10KSB Report as filed for year ended December
31, 1998 with the Securities and Exchange Commission.
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