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: March 3, 2003
WORLD WIDE VIDEO, INC.
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(Exact name of registrant as specified in its charter)
COLORADO 0-26235 54-1921580
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
127 WEST DAVIS STREET, CULPEPER, VIRGINIA 22701
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(New Address)
102A N. Main Street, Culpeper, VA 22701
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(Former Address)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (540) 727-7551
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
None.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
None.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
None.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None.
ITEM 5. OTHER EVENTS
The Company has privately placed 10,500,000 shares of restricted common
stock with investors for $50,000 in cash. The proceeds are being used to pay
current payables.
The Company, in light of its lack of operating capital and resulting
inability to concentrate on longer term plans due to management's focus on short
term financial issues, has entered into contracts with outside consultants: to
research markets for the Company's technology and to reform and redesign its
business plan to focus on areas where potential business may be achieved without
continued substantial capital investments and to develop a new corporate
strategy for capital, structure, and industry image. The Company has Registered,
with the SEC, 8,650,000 common shares on Form S-8 and agreed to issue 8,500,000
shares of common stock for these services, and an additional 150,000 common
shares are being issued for accrued payroll of employees.
The Company remains deficient in working capital, having depleted all its
capital resources. The Company has been unable to achieve sales for product
using its technology in volume sufficient to provide consistent revenues,
although it has sold and delivered models to government agencies for product
testing. The Company hopes these test models will result in future orders,
although there is no assurance of any orders.
ITEM 6. RESIGNATION AND APPOINTMENT OF DIRECTORS
None.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS, & EXHIBITS
Financial Statements: None
Consolidated Pro Forma Financial Statements: None
Exhibits: None
ITEM 8. CHANGE IN FISCAL YEAR
None.
ITEM 9. REGULATION FD DISCLOSURE.
None.
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 thereunto duly authorized.
Date: March 4, 2003
WORLD WIDE VIDEO, INC.
By: /s/ John G. Perry
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John G. Perry, President