U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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January 2, 2002
Date of Report (Date of earliest event reported)
CREATIVE TECHNOLOGIES HOLDINGS, INC.
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(Name of Small Business Issuer in its charter)
Nevada 88-0409146
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1800 Century Park East, Suite 600
Los Angeles, California 90067
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(Address of principal executive offices) (Zip code)
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
SHARE DISTRIBUTION RESCISSION
On January 2, 2002, the Board of Directors of Creative Technologies
Holdings, Inc. ("Company"), by and through written consent, voted to rescind the
previously approved share distribution. On November 6, 2001, the Company filed a
Form 8-K wherein the following was stated:
"Creative Technologies Holdings, Inc. ("Company"), by unanimous written
consent of its Board of Directors dated November 5, 2001, has approved
the distribution of one (1) share of its wholly-owned subsidiary,
Creative Technology & Interactive Entertainment Group, Inc., to each
Company stockholder on record as of September 30, 2001. The
distribution shall take effect no later than November 30, 2001. As a
result of the distribution, all Company shareholders of record on
September 30, 2001 will become shareholders of the subsidiary."
However, due to unforeseen financial circumstances and upon the advice
of consultants, the Company is unable to fulfill the distribution. The Board
wishes to apologize for any inconvenience this may have caused.
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.
Date: January 2, 2002 CREATIVE TECHNOLOGIES HOLDINGS, INC.
By: /s/ Chris Albornoz
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Chris Albornoz
President