-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LQqgiwgNV70GyDOxFhjDVxySj1KAooND0Y3GMlyg1+ZLIPDFhkw9GwDb+y8H3EIF BHil4LBXujelHvU8A6M2Ow== 0001125282-05-000834.txt : 20050217 0001125282-05-000834.hdr.sgml : 20050217 20050216200817 ACCESSION NUMBER: 0001125282-05-000834 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050214 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20050217 DATE AS OF CHANGE: 20050216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIAVID BROADCASTING INC CENTRAL INDEX KEY: 0001079110 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 980206168 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26535 FILM NUMBER: 05622340 BUSINESS ADDRESS: STREET 1: 3955 GRAVELEY ST. CITY: BURNABY BC CANADA STATE: A1 ZIP: V5C 3T4 BUSINESS PHONE: 6046690047 MAIL ADDRESS: STREET 1: 3955 GRAVELEY ST. CITY: BURNABY BC CANADA STATE: A1 ZIP: V5C 3T4 8-K 1 b404817_8k.txt INITIAL FILING - CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) FEBRUARY 14, 2005 VIAVID BROADCASTING INC. (Exact name of registrant as specified in its chapter) NEVADA ------------------------- 98-0206168 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 11483 WELLINGTON CRESCENT, SURREY, BRITISH COLUMBIA CANADA V3R 9H1 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code - 604-588-8146 (Former name or former address, if changed since last report) ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On February 14, 2005, the Company issued a press release reporting the Company's third quarter results for the fiscal quarter ended December 31, 2004. A copy of the press release is attached to this report as Exhibit 99.1 and is being furnished pursuant to Item 12 of Form 8-K. 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. ViaVid Broadcasting, Inc. (Registrant) By: /s/ Brian Kathler ----------------- Date: February 15, 2005 President (Principal Executive Officer and Principal Accounting Officer) EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION OF DOCUMENT - ------------------------- ------------------------------------------------ 99.1 Press Release Dated February 14, 2005 (furnished, not filed) EX-99.1 2 b404817_ex99-1.txt PRESS RELEASE DATED FEBRUARY 14, 2005 EXHIBIT 99.1 [VIAVID LOGO] ViaVid Broadcasting Reports Fiscal 2004 Third Quarter and Nine-Month Results February 14, 2005 - ViaVid Broadcasting Inc. (OTC-BB: VVDB), a provider of teleconferencing, web conferencing, transcription and support services, has announced its third quarter results for the three and nine-month periods ending December 31, 2004. For the quarter and nine months ended December 31, 2004, revenues were $258,732 and $739,128, respectively, compared to $183,966 and $516,410 in the comparable periods of the previous year. Revenues increased 41% for the quarter and 43% for the year-to-year nine-month periods. Net loss for the quarter was $8,035, or ($0.00) per share, compared to $32,183, or ($0.00) per share, in the same quarter last year. Net loss for the first nine months of the fiscal year was $84,226, or ($0.01) per share, compared to $80,923, or ($0.00) per share, in the comparable prior period. For the quarter and nine months ended December 31, 2004, our operating expenses were $267,783 and $824,010, respectively, compared to 216,188 and $597,444 in the comparable periods of the previous year. The increased operating expenses are primarily the result of increased conferencing costs incurred from the increase in conferencing business. Cash and receivables at December 31, 2004 were $290,694, while Accounts Payable and accrued liabilities were at $235,599. CAUTIONARY STATEMENT: This press release includes "forward-looking statements" as defined under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. Forward-looking statements made herein and elsewhere concerning VIAVID include, but are not limited to, our plans and objectives for our future operations, including plans or objectives relating to our services, , our plans and objectives regarding revenues and expenses in future periods, our needs for capital expenditures, our ability to maintain our competitive position, our plans and objectives and needs to raise additional capital, the terms on which such capital can be raised, the period over which any capital available currently to us or raised in the future will be sufficient to meet our current or future levels of operating and other expenses, and our plans regarding the uses of that capital, as well as any other prospective financial information concerning us. We cannot assure you that we will be successful in growing our user and customer base as we plan, attracting companies to use our Internet-based communication services for the dissemination of their news information, realizing material amounts of webcasting or other revenues, achieving any commercial advantage relative to other financial news dissemination media companies or raising the additional capital required to support our operations or the terms and conditions on which such capital can be raised. If our assumptions are incorrect or our webcasting or other growth plans or plans to realize revenues or raise additional capital fail to materialize, we may be unsuccessful in developing as a viable business enterprise. Under such circumstance your entire investment will be in jeopardy and may be lost. Our business plan has evolved over time, and we expect that our plans will evolve further in the future. We caution you that various risk factors relating to our forward looking statements are described, among other places, in our Annual Reports on Form 10K-SB, Quarterly Reports on Form 10-QSB, and our Current Reports on Form 8-K. These risk factors could cause our operating results, financial condition and ability to fulfill our plans to differ materially from those expressed in any forward-looking statements made in this press release and could adversely affect our financial condition and our ability to pursue our business strategy and plans. VIAVID BROADCASTING INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Expressed in United States Dollars) (Unaudited)
======================================== ================ ================ ================ ================ Three Months Three Months Nine Months Nine Months Ended Ended Ended Ended December 31, December 31, December 31, December 31, 2004 2003 2004 2003 - ---------------------------------------- ---------------- ---------------- ---------------- ---------------- REVENUE Broadcast and web income $ 258,732 $ 183,966 $ 739,128 $ 516,410 --------------- --------------- --------------- --------------- EXPENSES Amortization 5,804 6,367 16,642 18,590 Conference calls 138,231 75,850 353,547 212,275 Consulting 51,525 83,273 210,451 212,836 Interest 1,126 1,330 3,433 3,843 Office and miscellaneous 41,649 29,488 128,954 79,856 Professional fees 5,717 6,065 38,904 23,710 Rent 4,869 78 13,119 4,396 Salaries and benefits 16,929 13,598 54,326 38,413 Travel and promotion 1,933 139 4,634 3,525 --------------- --------------- --------------- --------------- 267,783 216,188 824,010 597,444 --------------- --------------- --------------- --------------- LOSS BEFORE OTHER ITEMS (9,051) (32,222) (84,882) (81,034) OTHER ITEMS Gain on sale of property and 913 - 456 - equipment Interest income 103 39 200 111 --------------- --------------- --------------- --------------- LOSS FOR THE PERIOD $ (8,035) $ (32,183) $ (84,226) $ (80,923) ======================================== ================ ================ ================ ================ BASIC AND DILUTED LOSS PER COMMON SHARE $ (0.00) $ (0.00) $ (0.01) $ (0.00) ======================================== ================ ================ ================ ================ WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING 14,838,000 12,990,000 14,587,437 12,730,000 ======================================== ================ ================ ================ ================
For more information regarding this release please contact: ViaVid Broadcasting Inc. Bob Gamon Tel: 1-888-562-0262 -----END PRIVACY-ENHANCED MESSAGE-----