-----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, HePxJliDyn6LP914GP0fdZisFyQozMCxaErHF+1emNvp6F6KokAwUl80m5M5uKHI t2vebjefWtBnjjA7qpewRw== 0000950136-04-001087.txt : 20040408 0000950136-04-001087.hdr.sgml : 20040408 20040407183249 ACCESSION NUMBER: 0000950136-04-001087 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040401 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONNECTIVCORP CENTRAL INDEX KEY: 0001076682 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL- COMPUTER & PRERECORDED TAPE STORES [5735] IRS NUMBER: 061529524 STATE OF INCORPORATION: DE FISCAL YEAR END: 1030 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-70663 FILM NUMBER: 04723226 BUSINESS ADDRESS: STREET 1: 160 RARITAN CENTER PARKWAY STREET 2: SUITE 1 CITY: EDISON STATE: NJ ZIP: 08837 BUSINESS PHONE: 7328727490 MAIL ADDRESS: STREET 1: PO BOX 6570 CITY: EDISON STATE: NJ ZIP: 08818 FORMER COMPANY: FORMER CONFORMED NAME: SPINROCKET COM INC DATE OF NAME CHANGE: 20000502 FORMER COMPANY: FORMER CONFORMED NAME: CDBEAT COM INC DATE OF NAME CHANGE: 19990503 FORMER COMPANY: FORMER CONFORMED NAME: SMD GROUP INC DATE OF NAME CHANGE: 19990113 8-K 1 file001.txt FORM 8-K 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 1, 2004 CONNECTIVCORP (Exact name of registrant as specified in its charter) Delaware 333-70663 06-1529524 (State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) 160 Raritan Center Parkway Edison, New Jersey 08837 (Address of principal executive offices including zip code) (732) 225-8910 (Registrant's telephone number, including area code) N.A. ---- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. On April 1, 2004, ConnectivCorp issued a press release announcing that it is raising its revenue guidance for the fiscal year 2004. A copy of the press release is filed herewith as Exhibit 99.1 and incorporated herein by reference. Our actual operating results could differ materially from those anticipated in our press release due to a variety of factors. These factors include but are not limited to the demand for our products including our soon to be launched Game Boy Advance video line; competitive factors in the businesses in which we compete; continued consumer acceptance of the gaming platforms on which our products operate and our products; preliminary customer orders becoming firm orders and being fulfilled by us in a timely fashion; adverse changes in the securities markets and the availability of and costs associated with sources of liquidity; changes in national, regional or local business conditions or economic environments; government fiscal and monetary policies; and legislative or regulatory changes that affect our business. The projected operating results discussed in the press release also do not take into account the effects of EITF 00-19 as discussed in our recently filed 10-Q for the quarter ended January 31, 2004, although the effects of this accounting pronouncement do not impact operating income. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) The following exhibits are furnished with this report: Exhibit No. Description 99.1 Press Release issued by ConnectivCorp, dated April 1, 2004. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CONNECTIVCORP (Registrant) Dated: April 5, 2004 By: /s/ Jesse Sutton ------------------------------------- Jesse Sutton President and Chief Executive Officer EX-99.1 3 file002.txt PRESS RELEASE MAJESCO RAISES REVENUE GUIDANCE FOR FISCAL 2004 ----------------------------------------------- Operating Income Estimated To Be Between $12 - $15 Million ---------------------------------------------------------- Versus A $9 Million Loss For Prior Year --------------------------------------- EDISON, N.J. - April 1, 2004 - Majesco Sales Inc., the sole operating subsidiary of ConnectivCorp (OTC BB: CTTV), and a publisher and distributor of interactive entertainment products for a variety of platforms, today announced that based on better-than-expected orders and interest in its upcoming line of Game Boy Advance Video titles, the company is raising its revenue guidance for the full fiscal year 2004. Based on preliminary estimates, Majesco expects net revenues in the range of $100 to $110 million for its fiscal year ending October 31, 2004, an increase of 12% to 24% from the company's prior guidance of $89 million and an increase of at least 115% over fiscal 2003 net revenue of $47 million. The company expects operating income for the 2004 year to be $12 - $15 million versus an operating loss of $9 million in the prior year. "Initial orders and enthusiasm for our Game Boy Advance Video lineup have exceeded our expectations," said Jesse Sutton, Chief Executive Officer, Majesco Sales Inc. "In addition, our strong first quarter results and an earlier than originally planned launch date for our video titles, gives us the confidence to raise our revenue expectations for the full year." ABOUT MAJESCO Established in 1986 and headquartered in Edison, NJ, with offices in the United Kingdom, Majesco is the sole operating unit of ConnectivCorp (OTC BB: CTTV) and is -more- MAJESCO / FISCAL 2004 GUIDANCE / 2 a leading international developer, publisher and distributor of interactive entertainment products for the Xbox(R) video game system from Microsoft, Sony PlayStation(R)2 computer entertainment system, and Nintendo GameCube(TM) and Game Boy(R) Advance systems, as well as the personal computer. The Company's 2004 lineup includes the critically acclaimed Advent Rising, the first in a trilogy of action/adventure games; BloodRayne 2, the sequel to its popular action/horror series, as well as the launch of its Game Boy(R) Advance Video product line, which utilizes the Company's proprietary video compression technology to enable consumers to view commercial-grade video on a standard Nintendo Game Boy Advance system. Additional information about Majesco and their entire line up of exciting entertainment products can be found at www.majescogames.com. SAFE HARBOR Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements may be identified by reference to a future period(s) or by the use of forward-looking terminology, such as "may," " will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology. The Company's actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors. These factors include but are not limited to, the demand for our products; competitive factors in the businesses in which we compete; continued consumer acceptance of the gaming platforms on which our products operate and our products; fulfillment of orders preliminarily made by customers; adverse changes in the securities markets and the availability of and costs associated with sources of liquidity; changes in national, regional or local business conditions or economic environments; government fiscal and monetary policies; and legislative or regulatory changes that affect our business. The Company does not undertake, and specifically disclaims any obligation, to release publicly the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. ### -----END PRIVACY-ENHANCED MESSAGE-----