-----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, S031AHTcSONjLJlPDxaUGELXzm76He0ev0cBeiTT0Igof7zuL3N1noyiHn4rXVpO vs+Plq7Skx66pi7Z7VhW2g== 0000890163-99-000067.txt : 19990222 0000890163-99-000067.hdr.sgml : 19990222 ACCESSION NUMBER: 0000890163-99-000067 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990216 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW FRONTIER MEDIA INC /CO/ CENTRAL INDEX KEY: 0000847383 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE DISTRIBUTION [7822] IRS NUMBER: 841084061 STATE OF INCORPORATION: CO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-23697 FILM NUMBER: 99545546 BUSINESS ADDRESS: STREET 1: 5435 AIRPORT BLVD STREET 2: SUITE 100 CITY: BOULDER STATE: CO ZIP: 80301 BUSINESS PHONE: (303) 444-0632 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL SECURITIES HOLDING CORPORATION DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: STRATEGIC ACQUISITIONS INC DATE OF NAME CHANGE: 19600201 8-K 1 CURRENT REPORT ON FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 15(d) of the Securities Exchange Act of 1934. Date of Report (Date of earliest event reported): April 16, 1999. NEW FRONTIER MEDIA, INC. ---------------------------------------------------- (Exact name of registrant as specified in its charter) Colorado 333-59289 84-1084061 ------------- --------------- ----------------- (State of (Commission File (IRS Employer I.D. Incorporation) Number) Number) 5435 Airport Blvd., Suite 100 Boulder, Colorado 80301 (303) 444-0632 ------------------------------- (Address and telephone number of principal executive offices) 1 Item 5. Other Events. On February 16, 1999, New Frontier Media, Inc. (the "Company") announced that it has executed a License Agreement with Pleasure Productions to acquire broadcast and electronic distribution rights, including subscription and pay-per-view television, video-on-demand and internet rights, to Pleasure's approximately 4,000 title adult film and video library, including its recently acquired Western Visual titles. Item 8. Exhibits. - ------ --------- 99 Press Release 2 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 FRONTIER MEDIA, INC. (Registrant) February 17, 1999 By: /S/ MARK H. KRELOFF ---------------------------------- Mark H. Kreloff, Chief Executive Officer February 17, 1999 By: /S/ MICHAEL WEINER ---------------------------------- Michael Weiner, Executive Vice President 3 EXHIBIT INDEX Exhibit No. Exhibit Page - ----------- ------- ---- 99 Press Release 5 4 EX-99 2 EXHIBIT 99--PRESS RELEASE FOR IMMEDIATE RELEASE FEBRUARY 16, 1999 NEW FRONTIER MEDIA, INC. ANNOUNCES CONTENT LICENSE WITH PLEASURE PRODUCTIONS Company acquires "broadcast and electronic distribution rights, including Subscription and Pay-Per-View Television, Video-On-Demand, and Internet rights" to 4,000 title adult library Boulder, Colorado - New Frontier Media, Inc. (NASDAQ:NOOF) announced today that it has executed a definitive License Agreement with Pleasure Productions ("Pleasure") to acquire all broadcast (cable television and DBS), Internet and other electronic distribution rights to Pleasure's approximately 4,000 title adult film and video library including its recently acquired Western Visuals titles. In addition, the License Agreement provides for New Frontier Media to receive current and future programming considerations for a period of five years with renewal provisions. Based in Hightstown, New Jersey, Pleasure Productions is one of the world's largest producers and distributors of adult programming and products. Pleasure's award winning adult movie library includes the 1999 Adult Video News ("AVN") film of the year "Looker", and numerous other award winning features including "Phoenix Rising" (nine AVN award nominations). In addition, Pleasure maintains exclusive relationships with industry leading directors such as Nic Cramer, AVN's 1998 Director of the Year. The License Agreement calls for New Frontier Media, Inc. to issue 700,000 shares of common stock and 700,000 warrants to purchase shares of New Frontier Media stock in exchange for broadcast and electronic distribution rights to Pleasure's 4,000 title library. Broadcast and electronic rights include subscription television, pay -per-view television, video-on-demand, and Internet rights. In addition, a representative of Pleasure has agreed to join New Frontier Media's Board of Directors. "Pleasure's award winning library solidifies our programming requirements for our four television networks and gives our Company a huge competitive advantage in terms of content quality, depth and breadth over our Pay-TV and subscription television rivals," commented Mark Kreloff, Chairman and Chief Executive Officer of New Frontier Media, Inc. "We plan to quickly incorporate Pleasure's library into the programming of our existing four networks and our "dial-up" and Broadband Internet products." "New Frontier Media and Pleasure Productions are a perfect synergistic fit," commented Michael Koretsky, President of Pleasure Productions. "Pleasure's strong content development expertise coupled with New Frontier's broadcasting and Internet expertise will prove to be a dynamic combination in electronic media," added Koretsky. 5 "Our Broadband Internet and video-on-demand service, which is scheduled for a June, 1999 launch, will be greatly enhanced by Pleasure's library," commented Thomas Nyiri, Vice President and General Manager of New Frontier Media. "Our new systems will be able to deliver over 10,000 hours of recorded video on demand, in broadcast quality, to high-speed Internet connections such as those offered by cable television, DBS providers and telephone companies," added Nyiri. Headquartered in Boulder, Colorado, New Frontier Media, Inc. is a diversified entertainment company that is primarily engaged in the electronic distribution of adult entertainment content through subscription/pay-per-view television and the Internet. The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties, including those risks detailed in the Company's Securities and Exchange Commission filings that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. CONTACT: New Frontier Media, Inc. Mark Kreloff, 303/444-0900 6 -----END PRIVACY-ENHANCED MESSAGE-----