-----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, LZSZ5PVctaQVjTJFEsmT8rww4ZPIeLkUj7WhofhapfxRvRSZFy8Wr8Uc76C+rI9J oOfJDvLe+nu8vMAwNmhwYw== 0000950116-01-000382.txt : 20010308 0000950116-01-000382.hdr.sgml : 20010308 ACCESSION NUMBER: 0000950116-01-000382 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010305 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: E4L INC CENTRAL INDEX KEY: 0000070412 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 132658741 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-06715 FILM NUMBER: 1562342 BUSINESS ADDRESS: STREET 1: 15821 VENTURA BOULEVARD STREET 2: 5TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 91436 BUSINESS PHONE: 8184616400 MAIL ADDRESS: STREET 1: 15821 VENTURA BOULEVARD STREET 2: 5TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 91436 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL MEDIA CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL PARAGON CORP DATE OF NAME CHANGE: 19870827 8-K 1 0001.txt 8-K SECURITIES AND EXCHANGE COMMISSION Washington, DC. 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) March 5, 2001 ------------------------------- e4L, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) Delaware I-6715 13-2658741 - ---------------------------- ------------------------ ------------------- (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation Identification No.) 14540 Hamlin Street, Suite B, Van Nuys, CA 91411 - -------------------------------------------------------------------------------- (Address of principle executive offices) (Zip Code) Registrant's telephone number, including area code 818-461-6519 ---------------------- 15821 Ventura Boulevard, 5th Floor Los Angeles, California 91436 (Former name or former address, if changed since last report.) ------------------------------------ Item 3. Bankruptcy or Receivership On March 5, 2001, e4L, Inc. ("e4L") filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Central District of California (the "Bankruptcy Court"). e4L's Chapter 11 bankruptcy is proceeding as Case No. SV 01-11825 GM. e4L issued a press release on March 6, 2001 announcing the filing of the voluntary petition for relief under Chapter 11. This press release is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits 99.1 Press Release dated March 6, 2001. 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. e4L, Inc. (Registrant) Date: March 6, 2001 By: /s/ Stephen C. Lehman -------------------------- Name: Stephen C. Lehman Title: Chief Executive Officer EX-99.1 2 0002.txt EXHIBIT 99.1 Exhibit 99.1 - e4L FILES CHAPTER 11 - - ANNOUNCES AGREEMENT TO SELL ASSETS - LOS ANGELES, California - March 6, 2001 - e4L, Inc. (OTCBB: "ETVL") today announced that on March 5, 2001 it filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy court for the Central District of California. Foothill Capital Corporation has agreed to provide debtor-in-possession financing. e4L previously announced, in a press release on October 20, 2000, that (i) its wholly-owned United States Subsidiary, Quantum North America, Inc. (d/b/a, e4L North America) ("QNA"), filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Central District of California and (ii) its wholly-owned United Kingdom subsidiary, Quantum International Limited filed a petition in the High Court of Justice, Chancery Division Companies Court in the United Kingdom seeking a grant of an administrative order. Immediately after e4L's bankruptcy filing, an Asset Purchase Agreement was entered into by and among VI Holdings, Inc., SP Holdings Pty. Limited, Quantum Prestige Limited, Quantum International Japan Limited, Suzanne Paul (Australia) Pty. Limited, TeleMall Shopping Pty. Limited, Quantum Marketing International (2000) Limited, Quantum Marketing International, Inc., QNA (collectively, the "Sellers") and e4L, the 100% owner of each of the Sellers. Pursuant to the Asset Purchase Agreement, VI Holdings, Inc. has agreed to purchase substantially all of the operating assets of the Sellers including furniture, fixtures, equipment, intellectual property rights, rights under existing contracts, inventory and accounts receivable and to assume certain liabilities of the Sellers for an aggregate purchase price of $12,250,000. $12,000,000 of the purchase price will be applied to reduce the debt owed to Foothill Capital Corporation by e4L and/or QNA. Foothill is the secured creditor of e4L. The sale of the assets of the Sellers constitutes the sale of e4L's Far East and Pacific Rim business operations and the remaining assets of QNA. e4L does not anticipate that the proceeds from the sale of its remaining assets will be significant. Contact: Shannon Van Dorn, Esq. Telephone: (818) 461-6519 -----END PRIVACY-ENHANCED MESSAGE-----