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 (Date of Earliest event reported):
April 8, 1996
MULTIMEDIA CONCEPTS INTERNATIONAL. INC.
(Exact name of registrant as specified in its charter)
Delaware O-26676 13-3835375
State of Commission File IRS Employer
Incorporation Number. Identification No.
448 West 16th Street 7th Floor
New York, New York 10011
Address of principal executive offices
Registrant's telephone number, including area code (212) 675-6666
None
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On April 8, 1996, the board of directors granted Ilan Arbel an
option to purchase 1,900,000 warrants from the Company at a purchase
price of $.04 per warrant. The warrants are exercisable for a period
of two years from the date of grant at an exercise price of $7.00 per
warrant.
On April 28, 1996, the board of directors granted Ilan Arbel an
option to purchase 1,000,000 warrants from the Company at a purchase
price of $.04 per warrant. The warrants are exercisable for a period
of two years from the date of grant at an exercise price of $7.00 per
warrant.
On May 28, 1996, the board of directors granted Rivka Arbel an
option to purchase 600,000 warrants from the Company at a purchase
price of $.04 per warrant. The warrants are exercisable for a period
of two years from the date of grant at an exercise price of $7.00 per
warrant.
Subsequent to the issuance of these options, the Company, Mr.
Arbel and Ms. Arbel agreed to amend the purchase price of the warrants
to $1.90 per warrant. Upon exercise of the options granted herein,
there will be 6,510,000 warrants outstanding.
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SIGNATURES
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: May 31, 1996
MULTIMEDIA CONCEPTS INTERNATIONAL,INC.
By: ___________________________________
Ilan Arbel
President and Director
