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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
December 15, 2000
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Date of Report (Date of earliest event reported)
HyperMedia Communications, Inc.
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(Exact name of Registrant as specified in its charter)
California 001-11624 94-3104247
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
901 Mariner's Island Blvd., Suite 365
San Mateo, California 94404
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(Address of principal executive offices)
(650) 573-5170
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(Registrant's telephone number, including area code)
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TABLE OF CONTENTS
Page
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ITEM 2. Acquisition or Disposition of Assets................................ 2
ITEM 7. Financial Statements and Exhibits................................... 2
SIGNATURES.................................................................. 3
INDEX TO EXHIBITS........................................................... 4
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Item 2. Acquisition or Disposition of Assets
On December 6, 2000, our Board of Directors and shareholders approved
the sale of substantially all of our assets, including our web site,
NewMedia.com, and related media assets and mailing lists, to Internet.com
Corporation (Nasdaq:INTM), based in Darien, CT. On December 7, 2000, we entered
into an Asset Purchase Agreement with Internet.com Corporation.
We contacted a number of potential buyers for these assets and evaluated and
negotiated all offers received. The proceeds of this sale are expected to total
$505,000. We anticipate that these proceeds will not exceed our liabilities and
therefore will not result in any distributions to preferred or common
shareholders.
On October 17, 2000, we announced that due to our inability to secure necessary
financing, we suspended operations, laid off most of our staff, and begun to
explore options to sell the Company or its assets and to effect an orderly
wind-down of operations.
The information set forth in our Press Releases dated December 15, 2000 is
incorporated herein by reference. Factors affecting our business plans and
competitive environment are discussed in our Annual Report on Form 10-K for the
fiscal year ended December 31, 1999, and in our Quarterly Reports on Form 10-Q
for the quarters ended March 31, 2000, June 30, 2000 and September 30, 2000.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99.1 Text of Press Release dated December 15, 2000,
announcing the sale of substantially all of our
assets, including our web site, NewMedia.com, and
related media assets and mailing lists, to
Internet.com Corporation.
2
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
HYPERMEDIA COMMUNICATIONS, INC.
Dated: December 15, 2000 By: \s\ Kenneth Klein
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Kenneth Klein, Vice President of
Finance and Administration,
Chief Financial Officer and Secretary
(Principal Financial and Accounting
Officer)
3
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INDEX TO EXHIBITS
Exhibit
Number Description
99.1 Text of Press Release dated December 15, 2000 announcing the
sale of substantially all of our assets, including our web
site, NewMedia.com, and related media assets and mailing
lists, to Internet.com Corporation.
4
