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): December 19, 2002


                          CONCEPTS DIRECT, INC.
      _____________________________________________________________
         (Exact name of registrant as specified in its charter)


     Delaware                    0-20680              52-1781893
_________________________      ____________          ____________
(State or other jurisdiction   (Commission File       (IRS Employer
 of incorporation)              Number)                Identification
                                                       No.)

2950 Colorful Avenue, Longmont, CO                    80504
_____________________________                      ___________
(Address of principal executive offices)           (Zip Code)


Registrant's telephone number, including area code: (303) 772-9171



Item 5. Other Events and Regulation FD Disclosure.

On December 20, 2002, Concepts Direct, Inc. (the "Company") announced
the receipt of a non-binding letter of intent on December 19, 2002 from
Phillip A. Wiland, Chairman, President and Chief Executive Officer, and
his wife, Linda S. Wiland, for the acquisition of the Company for $0.68
per share pursuant to a cash merger.  A copy of the press release dated
December 20, 2002 announcing the foregoing is filed as Exhibit 99.1 to
this Current Report on Form 8-K.

Item 7. Financial Statements and Exhibits.

Exhibit    Description

99.1       Concepts Direct, Inc. Press Release dated December 20, 2002*

*Exhibit filed herewith.

                           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.

                                    CONCEPTS DIRECT, INC.

Date:  December 20, 2002                 /s/ Zaid H. Haddad
                                         Zaid H. Haddad
                                         Chief Financial Officer

EX-99.1 CHARTER

                                                    EXHIBIT 99.1


2950 Colorful Avenue ( Longmont, Colorado 80504


              CONCEPTS DIRECT, INC. ANNOUNCES RECEIPT OF
                           LETTER OF INTENT
                 FOR THE ACQUISITION OF THE COMPANY

Longmont, Colorado, December 20, 2002 - Concepts Direct, Inc. (NASDAQ:
CDIR) announced today that on December 19, 2002, Phillip A. Wiland,
Chairman, President and Chief Executive Officer, and his wife, Linda S.
Wiland, submitted a non-binding letter of intent to the Special
Committee of the Company's Board of Directors for the acquisition of
the Company for $0.68 per share pursuant to a cash merger.

In the letter of intent, the Wilands indicated that they or their
affiliates would pay approximately $0.68 per share in cash, or
approximately $2,114,804, to acquire the Company, based on the
approximately 3,110,007 shares of the Company owned by persons other
than the Wilands.  In addition, the Wilands would at closing pay off
the principal balance of approximately $1,286,892, plus all accrued
interest, of the Promissory Note issued pursuant to a Note and Purchase
Agreement, dated April 26, 2002, by and between St. Cloud Capital
Partners, LP and the Company.  The Special Committee is evaluating this
offer as part of its evaluation of strategic alternatives for the
Company.

About Concepts Direct, Inc.
Concepts Direct is a direct marketing company focused on building and
managing customer relationships through its catalogs and internet
retailing initiatives.  The company sells primarily personalized paper
products and a diverse line of merchandise, including gift items, home
decorative items, collectibles and apparel.  Concepts Direct sells its
merchandise primarily via the Colorful Images, Linda Anderson,
Snoopy(tm) etc., Garfield Stuff, Linda Anderson's Collectibles, and the
Music Stand catalogs.  In addition, the company owns and operates
www.ColorfulImages.com, www.LindaAnderson.com, www.SnoopyStore.com,
www.garfieldstuff.com, www.theMusicStand.com and www.NewBargains.com.

Cautionary Statement
This press release contains certain forward-looking statements as such
term is defined in the Private Securities Litigation Reform Act of
1995.  Company statements that are not historical facts, including
statements about the Company's expectations, beliefs, plans and
objectives are forward-looking statements and involve various risks and
uncertainties, including the risks associated with starting new
businesses.  Additional discussion of factors that could cause actual
results to differ materially from management's expectations, beliefs,
plans and objectives is contained in the Company's SEC filings.

For Further Information Contact

Phillip A. Wiland, Chairman & CEO      Zaid H. Haddad, Chief Financial
                                                       Officer
Concepts Direct, Inc.                  Concepts Direct, Inc.
(303) 772-9171                         (303) 772-9171
pwiland@conceptsdirectinc.com          zhaddad@conceptsdirectinc.com