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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
Date of Report (Date of earliest event reported): April 27, 1998
OUT-TAKES, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 0-21322
Delaware 95-4363944
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
1419 Peerless Place, Suite 116 90035
Los Angeles, California (Zip Code)
(Address of principal executive offices)
(310) 788 9440
(Registrant's telephone number, including area code)
NONE
(Former name or former address, if changed since last report)
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OUT-TAKES INC.
FORM 8K - CURRENT
Item 5.Other Events
On April 27, 1998 Out-Takes Inc. (the "Company") announced the closure of
its studio located at the Irvine Spectrum Entertainment Center in Irvine,
California ("Irvine Studio").
Reference is made to the Press Release, dated April 27, 1998, issued by the
Company announcing the closure of the Irvine Studio, a copy of which is attached
as an exhibit hereto.
Item 7 Financial Statements And Exhibits
(c) Exhibits
99.1 Press Release, issued by the Company anouncing the closure of the
Irvine Studio, dated April 27, 1998.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
OUT-TAKES, INC., a Delaware corporation
Dated: April 30, 1998. By:/s/ Peter C. Watt
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Peter C. Watt
President
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EXHIBIT INDEX
Exhibit Number Description Sequentially
Numbered Page
99.1 Press Release, dated April 27, 1998, issued by the
Company announcing the closure of the Irvine Studio. 4
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April 27, 1998
Out-Takes Inc. Today announced the closure of its digital photography store in
Irvine, California.
The closure of the store has been effected without substantial cost to the
Company. The Irvine store incurred operating losses and negative cash flow from
opening in November 1995 to the date of closure. It is therefore the opinion of
the Company that the closure of this store will be beneficial to the Company as
it will reduce the negative cash flow being incurred by the Company.
The Company continues to operate its store at Universal CityWalk, Los Angeles,
California.
For further information, please call (310) 788 9440.
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