UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (date of earliest event reported): November 4, 2011
Island Radio, Inc.
(Exact name of registrant as specified in its charter)
Nevada (State or other jurisdiction of incorporation) | 333-169397 (Commission File Number) | 27-3042462 (I.R.S. Employer Identification Number) |
5850 Cameron Run Terrace, Ste. 918, Alexandria, VA 22303
(Address of principal executive offices and zip code)
Tel: (703) 232-1726; Fax: (520) 844-9162
(Registrants telephone number, including area code)
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 I4a-12 under the Exchange Act (17CFR240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Forward Looking Statements
This Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively, Filings) contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management. When used in the filings the words anticipate, believe, estimate, expect, future, intend, plan or the negative of these terms and similar expressions identify forward looking statements as they relate to our business or our management. Such statements reflect managements current view of our business with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the section of our Annual Report filed on Form 10-K entitled Risk Factors) relating to our industry, operations and results of operations, and other relevant aspects of our business. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.
Although we believe the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements contained within this Form 8-K and elsewhere.
Item 8.01
Other Events
On November 4, 2011, Island Radio, Inc. issued a press release announcing that it had cancelled 4,000,000 restricted shares of its common stock, $0.001 par value. These shares have subsequently been cancelled and returned to the Companys treasury.
As of November 4, 2011, Island Radio had 4,300,000 shares of its common stock issued and outstanding.
A copy of the November 4, 2011 press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits
Exhibit 99.1
Press Release Dated November 4, 2011 Announcing the Stock Cancellation
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.
ISLAND RADIO, INC.
Dated: November 4, 2011
By:
/s/ Nina Edstrom
Nina Edstrom
President, Chief Executive Officer,
Treasurer and Secretary (Sole Officer and Director)
2
FOR IMMEDIATE RELEASE
PRESS RELEASE
Please Contact:
Nina Edstrom
(703) 232-1726
info@islandradiolive.com
www.islandradiolive.com
Island Radio Announces Stock Cancellation
Alexandria, Virginia November 4, 2011 Island Radio, Inc. (OTCBB: ISLD) announces that it has cancelled 4,000,000 restricted shares of its common stock, $0.001 par value. These shares have been cancelled and returned to the Companys treasury. Island Radio presently has 4,300,000 shares of its common stock issued and outstanding, of which 300,000 comprises the public float.
Island Radio, Inc. is a publicly traded development stage business. Island Radio is presently at work developing its initial 24-hour radio program that will be transmitted over commercial FM radio spectrum from radio broadcast towers strategically located throughout the Caribbean region and simulcast worldwide over the Internet using streaming media technology.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Island Radio, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the radio broadcasting industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and prospective dealings and joint venture projects. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Island Radio. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and changes in federal or state tax laws. For a description of additional risks and uncertainties, please refer to Island Radios filings with the Securities and Exchange Commission, including Risk Factors in its Annual Report filed on Form 10-K.
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