Found this info regarding the latest filings dated 2 July 99.
THIS IS FROM TODAY'S FREEDGAR FILING OF THE S-1/A BY HITS:
DATED JULY 2, 1999
FROM PAGE 47:
In September 1998, we issued 605,194 shares of our common stock to Platinum
at a value of $1,650,000. In exchange for shares of our common stock and in
accordance with the terms of a stock exchange agreement, dated September 30,
1998, and each of a licensing agreement and a marketing agreement of even date
therewith, we entered into a strategic marketing and content alliance under
which we market and sell our custom CDs on Platinum's website and have a
license to use their song library. We also received 111,457 shares of
Platinum's common stock, having an aggregate value of $750,000. In November
1998, an additional 193,662 shares of our common stock were issued to Platinum
in connection with, and as payment under, the stock exchange agreement noted
above. See "Business--Marketing."
freedgar.com; Year=99&SECIndex=2170&Extension=.tst&PathFlag=0&nStartLoc=690&nEndLoc=666500&Dat eFiled=7/2/99&FormType=S-1/A&SFType=&SDFiled=&tabletype=1&tablename=Body&SourceP age=FilingsResu
Regrds,
Steve |
