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Company:
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GRAPHIX ZONE INC /DE/
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Form Type:
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SC 13D
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Filing Date:
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7/25/1996
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CIK:
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0001015446
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Address:
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42 CORPORATE PARK STE 200
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City, State, Zip:
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IRVINE, California 92714
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Telephone:
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(714) 833-3838
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Fiscal Year:
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12/31
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Description of Business
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Background
Graphix Zone, Inc., a Delaware corporation (the "Company"), was
incorporated on January 17, 1996 for the purpose of acquiring GZ Multimedia,
Inc. (formerly Graphix Zone, Inc.), a California corporation ("GZ-CA"), and
StarPress, Inc., a Colorado corporation ("StarPress"). Both GZ-CA and StarPress
were publishers of entertainment-oriented interactive multimedia software. On
June 28, 1996, the Company acquired GZ-CA and StarPress in reverse triangular
mergers and the companies became wholly-owned subsidiaries of the Company (the
"Reorganization"). Upon the consummation of the Reorganization, the stockholder
interests in the Company of the former StarPress shareholders were larger than
those of the former GZ-CA shareholders, and therefore, StarPress was deemed to
be the acquiring entity for financial accounting purposes.
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