UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest reported): May 18, 2007
DIET COFFEE, INC.
(Exact name of registrant as specified in charter)
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Delaware 333-137210 05-0630427
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(State or Other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation or Organization) Identification No.)
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16 East 40th Street -12th Floor
New York, New York 10016
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 867-1370
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On May 18, 2007, Diet Coffee, Inc. (the "Company") entered into a License
and Supply Agreement with Jason Ryu, pursuant to which the Company licensed the
right to market and sell a fluorescent light bulb that contains an air purifying
microchip ion emitter from Mr. Ryu. In exchange for this license the Company
agrees to pay Mr. Ryu a royalty of $0.20 per unit for the first 1.5 million
units sold by the Company and the lesser of $0.15 per unit or 5% of
manufacturing costs for all additional units. The initial term of this agreement
shall be two years and shall automatically be renewed for subsequent two year
periods if at lease 5 million units are sold by the Company during each period.
Item 7.01 Regulation FD Disclosure.
On August 15, 2007, the Company announced the acquisition of the rights to
market and distribute a patented fluorescent light bulb that contains an air
purifying microchip ion emitter. A copy of the press release that discusses this
matter is attached hereto as Exhibit 99.1 and is incorporated by reference in
this Item 7.01. In accordance with Regulation FD, this current report is being
filed to publicly disclose all information that was provided in the press
release. This report under Item 7.01 is not deemed an admission as to the
materiality of any information in this report that is required to be disclosed
solely by Regulation FD.
Item 9.01 Exhibits
Exhibit Number Description
10.1 License and Supply Agreement, dated May 18, 2007, by and
between Diet Coffee, Inc. and Jason Ryu.
99.1 Press release of Diet Coffee, Inc. dated August 15, 2007
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.
DIET COFFEE, INC.
Date: August 21, 2007 By: /s/ David Stocknoff
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Name: David Stocknoff
Title: President