UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
APRIL 27, 2004
Date of Report (Date of earliest event reported)
IMAGE INNOVATIONS HOLDINGS INC.
(Exact name of registrant as specified in its charter)
| NEVADA | 0-50119 | 91-1898414 |
| (State or other jurisdiction of | (Commission File | (IRS Employer Identification |
| incorporation) | Number) | No.) |
| SUITE 615, 100 PARK ROYAL | |
| WEST VANCOUVER, BRITISH COLUMBIA, CANADA | V7T 1A2 |
| (Address of principal executive offices) | (Zip Code) |
604-925-5283
Registrant's telephone number, including area code
NOT APPLICABLE
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
Image Innovations Holdings Inc. (the “Company”) entered into a loan agreement dated April 27, 2004 with Coach Capital LLC (the “Loan Agreement”) whereby the Company has borrowed $800,000 for a six month term. Under the Loan Agreement, the Company has agreed to pay interest on the principal amount borrowed at the rate of 10% per annum payable monthly for the first four months of the term and at the rate of 18% per annum thereafter. The Company has agreed to pay a loan fee of $8,000. Further, the Company has agreed to grant a first charge against its assets and undertaking and the assets and undertaking of its wholly-owned subsidiary, Image Innovations Sports & Entertainment Inc. (“Image Sports”) and has agreed not to grant any additional charges against the assets and undertaking of the Company and Image Sports without the prior written consent of Coach Capital LLC.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro forma Financial Information.
Not applicable.
(c) Exhibits.
| | (1) | Filed as an Exhibit to this Current Report on Form 8-K. |
SIGNATURE
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.
| | IMAGE INNOVATIONS HOLDINGS INC. |
| | | |
| Date: April 28, 2004 | By: | /s/ Alain Kardos |
| | |
|
| | | ALAIN KARDOS |
| | | PRESIDENT AND |
| | | CHIEF EXECUTIVE OFFICER |
2
