-----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, Dd/TviLPE4EbBLFVb11PO7c2Rjgd3ysj50O6BFsTwn2EIqcrKuyE9+DNBYk88/fY 3g5ZOyAEP97ERq10WKBspA== 0000944209-99-001608.txt : 19991027 0000944209-99-001608.hdr.sgml : 19991027 ACCESSION NUMBER: 0000944209-99-001608 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991021 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED LEISURE CORP CENTRAL INDEX KEY: 0000059684 STANDARD INDUSTRIAL CLASSIFICATION: LESSORS OF REAL PROPERTY, NEC [6519] IRS NUMBER: 132652243 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-06106 FILM NUMBER: 99734182 BUSINESS ADDRESS: STREET 1: 18081 MAGNOLIA AVENUE CITY: FOUNTAIN VALLEY STATE: CA ZIP: 92708 BUSINESS PHONE: 7143788761 MAIL ADDRESS: STREET 1: 18081 MAGNOLIA AVENUE CITY: FOUTAIN VALLEY STATE: CA ZIP: 92708 FORMER COMPANY: FORMER CONFORMED NAME: LION COUNTRY SAFARI INC DATE OF NAME CHANGE: 19870330 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL LEISURE INC DATE OF NAME CHANGE: 19720407 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIECS EXCHANGE ACT OF 1934 DATE OF REPORT (date of earliest event reported): October 21, 1999 UNITED LEISURE CORPORATION (Exact Name of Registrant as Specified in its Charter) DELAWARE 0-6106 13-2652243 (State or other jurisdiction of Incorporation) (Commission (I.R.S. Employer File Number) I.D. Number) 18081 Magnolia Ave., Fountain Valley, CA 92708 (Address of Principal Executive Offices) (Zip Code)
(714) 378-8761 (Registrant's Telephone Number, Including Area Code) N/A (Former name or former address, if changed from last report) Item 5. Other Events. The registrant hereby incorporates by reference herein the information set forth in its Press Release dated October 21, 1999, a copy of which is attached hereto as Exhibit 99. Item 7. Exhibits. Exhibit 99 United Leisure Corporation Press Release dated October 21, 1999 announcing the sale of its property interest in Las Vegas. 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. Date: October 26, 1999 UNITED LEISURE CORPORATION By /s/ Brian Shuster --------------------------------------- Brian Shuster President and Chief Executive Officer INDEX TO EXHIBITS Exhibit No. Description - ----------- ----------- Exhibit 99 United Leisure Corporation Press Release dated October 21, 1999 announcing the sale of its property interest in Las Vegas. EX-99 2 PRESS RELEASE EXHIBIT 99 UNITED LEISURE CORPORATION 1990 Westwood Boulevard Los Angeles, California 90025 Press Release Contact: Brian Shuster Phone: (310) 441-0900 NEWS: FOR IMMEDIATE RELEASE UNITED LEISURE CORPORATION ANNOUNCES THE SALE OF ITS PROPERTY INTEREST IN LAS VEGAS Los Angeles, CA October 21, 1999 -- United Leisure Corporation (OTC BB:UTDL) announced today that United Hotel & Casino, LLC (in which United Leisure Corporation was a founding partner) sold its real estate holdings on Las Vegas Boulevard (the Strip & Convention Way) for an amount of $31.5 million. The purchaser was the Brugnara Corporation of San Francisco, a real estate company with in excess of $100 million in real estate in the San Francisco area. The property was acquired by United Hotel & Casino, LLC approximately three years ago for approximately $24.5 million. Brian Shuster, Chairman of United Leisure Corporation said, "We are very pleased to have been able to close this deal. It will result in a significant gain to the Company. It will also enable us to improve our balance sheet, including the payoff of the Westminster Capital obligations. The net proceeds to United Leisure Corporation of approximately $3 million will be used for working capital." United Leisure Corporation through it's wholly owned subsidiary United Internet Technologies creates proprietary video enabled Web Sites or enhanced versions of existing Web sites, to be used by licensees and joint ventures to create applications for the entertainment, sports, travel, retail, corporate, and education markets. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other import factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events. -----END PRIVACY-ENHANCED MESSAGE-----