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) March __, 2000
In Store Media Systems, Inc.
(Exact name of Registrant as Specified in its Charter)
Nevada 0-26799 84-1249735
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
15423 East Batavia Drive, Aurora, Colorado 80011
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (303) 364-6550
N/A
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
The Company recently announced that Donald P. Uhl has been appointed by
the Board of Directors as President, replacing Everett Schulze, Jr. The Company
also named three new directors. Attached is the press release announcing the
change in management.
Item 7. Exhibits
99.1 Press Release of March 13, 2000
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Exhibit 99.1
In Store Media Systems, Inc. (OTC Other: ISMS) announced today that Donald P.
Uhl was appointed President and Chairman at a meeting of the Company's Board of
Directors on March 8, 2000.
The Company's Directors also filled three vacancies on the Company's Board.
Joining the Board were Thomas Y. Gorman, the Company's Chief Financial Officer;
Lawrence P. Mortimer, the Company's Senior VP of Marketing/Sales; and Michael T.
Mozer, outside Director and President of Morris & Mozer Financial, Inc.
Mr. Gorman's experience prior to joining the Company was international financing
of beverage can plants in South America, Eastern Europe and Russia.
Mr. Mortimer's prior experience was as senior management in the coupon industry,
first with Actmedia, Inc. and then News America Marketing, Inc.
Mr. Mozer is an attorney specializing in the placement of senior debt and
project financing transactions. Prior to co-founding his firm, he was a senior
executive with Dougherty Funding, LLC.
Mr. Everett E. Schulze, Jr. formerly the President/CEO and Chairman is not
currently participating in the Company's day-to-day operations for health
reasons. Mr. Schulze remains a member of the Board of Directors.
Mr. Uhl said, "We are pleased to add the depth of management experience of these
seasoned executives to the Company's Board. The Company continues to move
rapidly forward to the first installations of its coupon systems later this year
and we look forward to the rapid recovery of Everett Schulze, the Company's
founder."
ABOUT IN STORE MEDIA SYSTEMS:
In Store Media Systems is the manufacturer and operator of its patented,
in-store, closed-loop electronic consumer-interactive kiosk, the Coupon Exchange
Center(TM). In Store Media has also developed a proprietary in-lane, electronic
coupon clearing system. The In$taClearing(TM) will clear, right at checkout,
virtually all coupons distributed by manufacturers, replacing the current manual
clearing procedure which can take over 45 days. Both systems are designed to
operate in supermarkets and other retail locations across the country.
ISMS earns revenues from national packaged goods manufacturers who pay to have
their products promoted in the store where they are sold and to have their paper
coupons efficiently cleared right in the store where they are redeemed.
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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.
IN STORE MEDIA SYSTEMS, INC.
Date: March 31, 2000 By: /s/ Donald P. Uhl
--------------------------------
President and
Chief Executive Officer
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