SEC EDGAR Filings
Innovative Holdings Inc. filed on 07/03/2003 Company Filings
UNITED STATES
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 reported)
July 2, 2003
Innovation Holdings, Inc.
(Exact name of registrant as specified in its chapter)
Nevada
(State or other jurisdiction of incorporation
000-27777
(Commission File Number)
91-1923501
(IRS Employer Identification No.)
14622 Ventura Blvd, Suite 1015
Sherman Oaks, California
(Address of principal executive offices)
91403
(Zip Code)
Registrant's telephone number, including area code
(310) 788-5444
None
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On July 1, 2003], World Wide Digital Media ("WWDM"), a wholly owned
subsidiary of Innovation Holdings (the "Registrant") entered into a
License Agreement with Vidway Interactive ("Vidway) to acquire its
video library, which consists of approximately 800 hours of programming.
The License Agreement is filed herewith as Exhibit 99.1, and the
description contained herein of the License Agreement is qualified in
its entirety by reference to such exhibit.
In a separate Employment Agreement, entered into simultaneously with
the License Agreement, David Copeland of Vidway was hired as Chief
Executive Officer of WWDM.
Mr. Copeland began his career with Sound Video Unlimited ("SVU").
SVU supplied the home video department of Musicland Stores with its
entire inventory. At its peak Musicland had several hundred stores
worldwide, when it was acquired by Ingram Entertainment. Mr. Copland
left SVU in 1982 to start his own company, GMI/Vidway Interactive.
Over the course of the next 21years, Mr. Copeland built GMI/Vidway
into one of the largest video production companies for mature
audience with over 3000 hours of original programming in its catalogue.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 License Agreement dated July 1, 2003, entered
into by and between the Registrant and Vidway Interactive
Schedules and Exhibits to the License Agreement have not been filed
because the Company believes they do not contain information material
to an investment decision that is not otherwise disclosed in the
License Agreement. The Company hereby agrees to furnish a copy of any
omitted Schedule or Exhibit to the Securities and Exchange Commission
upon its request.
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.
Dated: July 2, 2003 Innovation Holdings, Inc.
/s/ Robert Blagman
Robert Blagman |
