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: January 30, 1998
-------------------------------------
(Date of earliest event reported)
MARQUEE ENTERTAINMENT, INC.
- -----------------------------------------------------------------
Exact name of registrant as specified in its charter
Nevada 1-15413 95-3480640
- --------------------------- ------------------- -----------------
State of other jurisdiction Commission File No. I.R.S. Employer
of incorporation or ID No.
organization
6404 Wilshire Boulevard, Suite 550, Los Angeles, California 90048
- -----------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code:(213) 782-0090
--------------
9044 Melrose Avenue, 3rd Floor, Los Angeles, California 90069
- -----------------------------------------------------------------
(Former name or former address if changed since last report)
1
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On January 30, 1998, Marquee Entertainment, Inc. (the
"Company") unilaterally terminated and rescinded the acquisition
of Of Sound Mind, Inc. ("OSM"). The Company rescinded the
transaction due to the inability to complete the audit of OSM's
books and records and the discovery of previously undisclosed
liabilities. As a result of the rescission, the Company canceled
the 700,000 shares of the Company's common stock that were to be
issued to the shareholders of OSM. The Company has also
converted its investments in OSM into loans and will seek
repayment of said loans. As of the date of the rescission, OSM
is indebted to the Company in the amount of $100,000.00.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(a) Financial Statements
None
(b) Pro Forma Financial Information
None
(c) Exhibits
None
Pursuant to the requirement of the Securities Exchange Act
of 1934, the Company has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
MARQUEE ENTERTAINMENT, INC.
By:
-----------------------------
Ralph T. Smith
President and
Principal Accounting Officer
Date: February 4, 1998
2