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: February 29, 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 February 29, 2000, and attached hereto as an exhibit, relating to
the engagement of Brian Kenner as a member of the Advisory Committee of
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 February 29, 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: February 29, 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 February 29, 2000.
EXHIBIT 99.1
CONTACTS:
Mintie Das
iNTELEFILM(sm) Corporation
612.925.8895
[email protected]
For Immediate Release
BRIAN KENNER, STREAMING MEDIA PIONEER, TO LEAD webADTV.com
ADVISORY BOARD
INTERVU FOUNDER & CTO TO HELP GUIDE STARTUP OF ADVERTISING
AGENCIES SERVICES PORTAL
MINNEAPOLIS, February 29, 2000--- iNTELEFILM(sm) Corporation (Nasdaq:
FILM), announced today that Mr. Brian Kenner agreed to act on the Board of
Advisors for webADTV.com, Inc ("webADTV"), 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).
Mr. Kenner, who is Vice President and Chief Technology Officer of
INTERVU, is considered to be an expert in the internet community and maintains
expertise in the streaming of video and multimedia over the internet as well as
related multimedia management systems, videocentric banner advertising, encoding
services and distributed network architectures. James Gilbertson, webADTV
President and CEO, stated "Brian Kenner's proven vision of distributed network
architectures and in-depth knowledge of streaming media services such as webADTV
will provide a highly valuable resource as we move quickly to build webADTV into
the premiere business web address for global advertising agencies and their
clients."
"iNTELEFILM, a leader in broadcast television commercials, is uniquely
poised to capture
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the business to business opportunity in the advertising services sector. I look
forward to helping iNTELEFILM create the technology platform designed to provide
reliable and easy access to video assets and high-demand creative, production
and account service transactions through webADTV", stated Mr. Kenner.
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 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.
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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
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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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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