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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
March 21, 2001
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Date of Report (Date of earliest event reported)
DIGITAL CREATIVE DEVELOPMENT CORPORATION
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(Exact name of registrant as specified in its charter)
Utah
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(State or other jurisdiction of incorporation)
0-22315 34-1413104
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(Commission File Number) (I.R.S. Employer
Identification No.)
67 Irving Place North, New York, New York 10003
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(Address of principal executive offices) (Zip Code)
(212) 387-7700
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Registrant's telephone number, including area code
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
The Registrant has acquired from TuneIn Media, Inc. (the "Seller") all
of the outstanding capital stock of Tuneinmovies.com, Inc., a California
corporation ("TI"), and Keynomics, Inc., a California corporation ("Keynomics")
(TI and Keynomics together, the "Companies"). The consideration for the purchase
of the Companies was the issuance of 2,245,000 of the Registrant's common stock
to TuneIn Media, Inc. In addition, in the event the net income of the Companies
for the year ending December 31, 2001 exceeds $1,500,000, the Registrant is
obligated to issue to the Seller Warrants to purchase 100,000 shares of the
Registrant's common stock with an exercise price of $2.00; if such net income
exceeds $1,600,000, the Registrant will issue to the Seller Warrants to purchase
an additional 100,000 shares of the Registrant's common stock with an exercise
price of $1.50; and if such net income exceeds $1,800,000, the Registrant shall
issue to the Seller Warrants to purchase an additional 500,000 shares of the
Registrant's common stock with an exercise price of $1.00.
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.
March 27, 2001 Digital Creative Development Corporation
By: /s/ Ralph J. Sorrentino, President
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Ralph J. Sorrentino, President
EXHIBIT INDEX
99.1 Press Release Dated March 21, 2001