-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LDHDLLuEOK14pEcxa7YxWeiN4kaVwXZT2GuS63oh6BQs+RpJeaRSdCEIapPEYukx scEzz+5LlcUZa7JCUXPn5w== 0001144204-08-021425.txt : 20080409 0001144204-08-021425.hdr.sgml : 20080409 20080409161349 ACCESSION NUMBER: 0001144204-08-021425 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080409 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080409 DATE AS OF CHANGE: 20080409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW MOTION, INC. CENTRAL INDEX KEY: 0001022899 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 061390025 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12555 FILM NUMBER: 08747871 BUSINESS ADDRESS: STREET 1: 42 CORPORATION PARK, SUITE 250 CITY: IRVINE STATE: CA ZIP: 92606 BUSINESS PHONE: (949) 777-3700 MAIL ADDRESS: STREET 1: 42 CORPORATION PARK, SUITE 250 CITY: IRVINE STATE: CA ZIP: 92606 FORMER COMPANY: FORMER CONFORMED NAME: MPLC, Inc. DATE OF NAME CHANGE: 20050608 FORMER COMPANY: FORMER CONFORMED NAME: MILLBROOK PRESS INC DATE OF NAME CHANGE: 19961022 8-K 1 v110175_8k.htm
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 9, 2008
 
NEW MOTION, INC.
doing business as
ATRINSIC
(Exact Name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)
001-12555
(Commission File Number)
06-1390025
(I.R.S. Employer Identification No.)
     
42 Corporate Park, Suite 250
Irvine, California
(Address of principal executive offices)
92606
(Zip Code)
 
Registrant's telephone number, including area code: (949) 777-3700
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

Item 8.01.    Other Events
 
On April 9, 2008, New Motion, Inc. announced the authorization for the repurchase of up to $10,000,000 of its common stock. The company expects to fund its repurchase program from available working capital. A copy of the press release making this announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Item 9.01.    Financial Statements and Exhibits.
 
(d)
Exhibits.
 
The following exhibit is filed herewith:
 
  Exhibit
Number
Description
     
99.1
Press release issued by New Motion, Inc. on April 9, 2008, announcing the authorization to repurchase up to $10,000,000 of its common stock.
 

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.
 
    New Motion, Inc.
 
 
 
 
 
 
Dated: April 9, 2008    /s/ Dan Harvey
 
By: Dan Harvey
  Chief Financial Officer
 

Exhibit Index
 
Exhibit
Number
Description
   
99.1
Press release issued by New Motion, Inc. on April 9, 2008, announcing the authorization to repurchase up to $10,000,000 of its common stock.
 

 
EX-99.1 2 v110175_ex99-1.htm
 
 
FOR IMMEDIATE RELEASE

April 9, 2008
CONTACT:
Hayden Communications
Investors: Brett Maas
brett@haydenir.com
(646) 536-7331
or
Cameron Donahue
cameron@haydenir.com
(651) 653-1854

ATRINSIC ANNOUNCES STOCK REPURCHASE PROGRAM

New York (April 9, 2008) - New Motion, Inc, doing business as Atrinsic, (NASDAQ: NWMO), a premier mobile entertainment company, announced today that its Board of Directors has authorized the Company to repurchase up to $10,000,000 worth of its common stock over the balance of its current fiscal year ending December 31, 2008.

“We believe that our stock is a compelling investment, based on our strengthened business model, our strategy and the industry's strong growth prospects,” said Burton Katz, Chief Executive Officer of Atrinsic. “While we continue to invest in our technology and operations, this authorization reflects our confidence in the company's financial strength, its future potential and our continued commitment to enhancing shareholder value.”

The repurchases will be funded from available working capital. As of March 31, 2008, Atrinsic had cash and cash equivalents of approximately $34.8 million and approximately 22.5 million shares of common stock outstanding. The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements, and other factors, including management’s discretion. Repurchases may be made through privately negotiated transactions or in the open market. The Board of Directors of Atrinsic may modify, extend, or terminate the share repurchase program at any time, and there is no guarantee of the exact number of shares that will be repurchased under the program.

 
 

 
About New Motion, Inc.
 
New Motion, Inc. doing business as Atrinsic (NASDAQ: NWMO) is one of the fastest growing digital advertising and entertainment networks in the United States. Atrinsic brings together the power of the Internet, the latest in mobile technology, and traditional marketing/advertising methodologies, creating a fully integrated vehicle for both entertainment content and brand-based and performance advertising. Entertainment content is organized into four strategic services -- digital music, casual games, sweepstakes, and community and lifestyle. Brands include Altnet, a mobile legal music download service featuring original artists, GatorArcade, a premium online and mobile gaming site, Bid4Prizes, a low-bid mobile auction game, and iMatchUp, one of the first integrated web-mobile dating services. Feature-rich advertising services include a mobile ad network, extensive search capabilities, e-mail marketing, one of the biggest publisher networks around at 8000+ and growing, and proprietary entertainment content. Headed by a team of Internet, new media, entertainment and technology professionals, Atrinsic was founded in 2005 and is headquartered in New York with offices in Irvine, CA, Seattle, WA, and Moncton, Canada. Atrinsic was recently called “a company to watch” by Wireless Business Forecast, and their mobile content capabilities were named a “rival to those of their mainstream-media counterparts” by Wired Magazine. For more information, please visit www.atrinsic.com.

Forward-Looking Statements
 
This news release includes forward-looking statements, including Atrinsic’s intent to repurchase shares of its common stock. These statements are based on certain assumptions and reflect our current expectations. Statements including words such as “anticipate,” “propose,” “estimate,” “believe” or “expect” and statements in the future tense are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements to differ materially from any future results, performance, or achievements discussed or implied by such forward-looking statements. Some of the factors that could cause results to differ materially from the expectations expressed in these forward-looking statements include the following: adverse changes in the company’s working capital which may be caused by a drop in demand for Atrinsic’s services or from unanticipated costs associated with the recently completed merger with Traffix, Inc.; and other risks that may impact Atrinsic’s cash flows, some of which are discussed in the company’s reports filed with the Securities and Exchange Commission (the “SEC”) under the caption “Risks That Could Affect Future Results” or “Risk Factors.” Copies of Atrinsic’s filings with the SEC can be obtained at the SEC’s website at www.sec.gov. You can also obtain Atrinsic’s report through its website at http://www.atrinsic.com. Any forward-looking statement is qualified by reference to these risks, uncertainties and factors. If any of these risks or uncertainties materializes, the operating results of Atrinsic could suffer, and actual results could differ materially from the expectations described in these forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are made. These risks, uncertainties and factors are not exclusive, and Atrinsic undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
 
 
 

 
 
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