-----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, HttjliFah87T4uFvKwHxuBRR83DysqtmmCH1vi7pVblXAAbcEXZkzrn/4d8pD/nK V586QhXln0AWMLYSgDpYPw== 0000890163-99-000098.txt : 19990316 0000890163-99-000098.hdr.sgml : 19990316 ACCESSION NUMBER: 0000890163-99-000098 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990308 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990315 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: 99565189 BUSINESS ADDRESS: STREET 1: 5435 AIRPORT BLVD STREET 2: SUITE 100 CITY: BOULDER STATE: CO ZIP: 80301 BUSINESS PHONE: 3034440632 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): March 8, 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 March 8, 1999, New Frontier Media, Inc. (the "Company") announced that it has received approximately $5.0 million in new equity financing through the private sale of its common stock to various institutional and accredited investors. 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) March 8, 1999 By: /S/ MARK H. KRELOFF ---------------------------------- Mark H. Kreloff, Chief Executive Officer March 8, 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 New Frontier Media, Inc. Announces New Equity Financing BOULDER, Colo.--(BUSINESS WIRE)--March 8, 1999--New Frontier Media, Inc. (NASDAQ:NOOF) announced that it has secured approximately $5.0 million in new equity financing through the private sale of its common stock to various institutional and accredited investors. Mark Kreloff, Chairman and Chief Executive Officer of New Frontier Media said, "We announced in January, 1999 that we were confident that our efforts to satisfy Nasdaq's net tangible assets listing requirements would be successful. We are extremely pleased that not only have we made good on that promise, but that according to our calculations, after giving effect to this financing, we exceed Nasdaq's requirements by over 200%. In addition, we are truly humbled by the caliber of investors who have chosen to participate in this private financing, at least one or two of whom are household names. These investors, together with the 175% gain in our stock price since our January press release, we believe is a tremendous vote of confidence by the broader investment community in our company and our future opportunities for growth. We view our decision to launch a cable/DBS satellite network effort, and the success we have had in rolling out this service, as a critical element in this success story. "We intend to apply the funds raised through this offering to pay down approximately $1.5 million in outstanding short-term indebtedness and to apply the rest to working capital purposes. With the expenses for the launch of TeN behind us and our recent revenues leading us to project that our operating losses will soon be a thing of the past, we fully expect that these funds will be sufficient to fund our present operations for the next 12 months and beyond," said Kreloff. 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., Boulder Mark Kreloff, Chairman & CEO, 303/444-0900 5 -----END PRIVACY-ENHANCED MESSAGE-----