ZOO ENTERTAINMENT, INC Files SEC form 8-K, Entry into a Material Definitive Agreement

Show all filings for ZOO ENTERTAINMENT, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for ZOO ENTERTAINMENT, INC 6-Nov-2009Entry into a Material Definitive Agreement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purp...
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ZOO ENTERTAINMENT, INC Files SEC form 8-K, Other Events

Show all filings for ZOO ENTERTAINMENT, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for ZOO ENTERTAINMENT, INC 29-Oct-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for tr...
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ZOO ENTERTAINMENT, INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Triggering Events That Acceler

Show all filings for ZOO ENTERTAINMENT, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for ZOO ENTERTAINMENT, INC 6-Oct-2009Entry into a Material Definitive Agreement, Triggering Events That Acceler Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pr...
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ZOO ENTERTAINMENT, INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhib

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On September 29, 2009, Zoo Publishing, Inc. ("Zoo Publishing"), a wholly-owned subsidiary of Zoo Games, Inc. ("Zoo Games"), a wholly-owned subsidiary of Zoo Entertainment, Inc. ("Zoo Entertainment", and together with Zoo Publishing and Zoo Games, the "Company"), entered into a factoring arrangement with Working Capital Solutions, Inc. ("WCS") pursuant to a Factoring and Security Agreement (the "Factoring Agreement"). Pursuant to the Factoring Agreement, WCS will utilize existing accounts receivable in order to provide working capital to fund all aspects of Zoo Publishing's business operations. Under the terms of the Factoring Agreement, Zoo Publishing will sell its accounts receivable to WCS with recourse. WCS, in its sole discretion, may determine whether or not it will accept each receivable based upon the credit risk factor of each such receivable. Once a receivable is accepted by WCS, it will provide funding to Zoo Publishing subject to the terms and conditions of the Factoring Agreement. The amount remitted to Zoo Publishing by WCS will equal the invoice amount of the receivable adjusted for any discounts or allowances provided to the account, less 25% (which is deposited into a reserve account established pursuant to the Factoring Agreement), less any allowances and fees. In the event of default, valid payment dispute, breach of warranty, insolvency or bankruptcy on the part of the receivable account, WCS can require the receivable to be repurchased by Zoo Publishing in accordance with the Factoring Agreement. The amounts to be paid by Zoo Publishing to WCS for any accepted receivable includes a factoring fee of 0.6% for each ten (10) calendar day period the account is open. The Factoring Agreement is in place for an initial term of twelve (12) months and shall continue thereafter for successive twelve (12) month renewal terms unless Zoo Publishing provides written noti...
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ZOO ENTERTAINMENT, INC Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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ZOO ENTERTAINMENT, INC Files SEC form 8-K, Entry into a Material Definitive Agreement

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. Solutions 2 Go On August 31, 2009, Zoo Publishing, Inc. ("Zoo Publishing"), a wholly-owned subsidiary of Zoo Games, Inc., a wholly-owned subsidiary of Zoo Entertainment, Inc. (the "Company"), entered into an Exclusive Distribution Agreement with Solutions 2 Go Inc., a Canadian corporation ("S2G Inc.") and an Exclusive Distribution Agreement with Solutions 2 Go, LLC, a California limited liability company ("S2G LLC," and together with S2G Inc., "S2G"), pursuant to which Zoo Publishing granted to S2G the exclusive rights to market, sell and distribute certain video games, related software and products, with respect to which Zoo Publishing owns rights, in the territories specified therein (collectively, the "Distribution Agreements"). In connection with the Distribution Agreements, on August 31, 2009, the Company entered into an Advance Agreement (the "Advance Agreement") with S2G, pursuant to which S2G made a payment to the Company in the amount of $1,999,999, in advance of S2G's purchases of certain products pursuant to the Distribution Agreements (the "Advance"). From August 31, 2009 until recoupment of the Advance in full, interest on the outstanding amount shall accrue at the rate of ten percent (10%) per annum. The amount of any unrecouped Advance outstanding shall be repaid in its entirety to S2G no later than September 15, 2010 (the "Maturity Date"). The Advance shall be recouped, in whole or in part, from sales generated by S2G of products purchased by S2G under the Distribution Agreements ("S2G Sales"). A percentage of the gross margin on the S2G Sales shall be applied to a recoupment of the Advance until the earlier of (i) the date on which the amount of the unrecouped Advance has been reduced to zero or (ii) the Maturity Date, on which any unrecouped Advance shall be repaid. Notwithstanding the foregoing, if,...
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ZOO ENTERTAINMENT, INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial

Show all filings for ZOO ENTERTAINMENT, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for ZOO ENTERTAINMENT, INC 31-Aug-2009Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information p...
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ZOO ENTERTAINMENT, INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS In this section, references to "we," "us," "our," "ours," and "the Company" refer to Zoo Entertainment, Inc. (formerly known as Driftwood Ventures, Inc.) and its operating and wholly-owned subsidiary, Zoo Games, Inc. (formerly known as Green Screen Interactive Software, Inc.) and its operating and wholly owned subsidiaries, Zoo Publishing, Inc. (formerly known as Destination Software, Inc.) and Zoo Entertainment Europe Ltd. The following discussion should be read in conjunction with, and is qualified in its entirety by, the financial statements and the notes thereto included in this report. This discussion contains certain forward-looking statements that involve substantial risks and uncertainties. When used in this report, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to our management or us are intended to identify such forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Historical operating results are not necessarily indicative of the trends in operating results for any future period. Background and History We are a developer, publisher and distributor of video game software for use on major platforms including Nintendo's Wii, DS, GBA, Sony's PSP and PlayStation 2. In addition, we intend to publish packaged entertainment software titles for use on a variety of other gaming platforms, including Sony's PlayStation 3 and Microsoft's Xbox 360. We will also seek to create and sell downloadable games for Microsoft's Xbox Live Arcade, Sony's PlayStation 3 Network, Nintendo's Virtual Console, iPhone and for use on personal computers (PCs). Our current video game titles are targeted at various demographics, pri...
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ZOO ENTERTAINMENT, INC Files SEC form 8-K, Entry into a Material Definitive Agreement

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On June 26, 2009, Zoo Entertainment, Inc. (the "Company") entered into that certain Amendment No. 2 to Senior Secured Convertible Note ("Amendment No. 2"), with the requisite holders (the "Holders") of the Company's senior secured convertible notes issued in the aggregate principal amount of $11,150,000 (the "Notes"). As previously disclosed in those Current Reports on Form 8-K filed with the Securities and Exchange Commission ("SEC") on July 11, 2008, July 15, 2008, August 1, 2008 and August 15, 2008, which are incorporated herein by reference, the Company entered into that certain Note Purchase Agreement, dated as of July 7, 2008, as subsequently amended on July 15, 2008, July 31, 2008 and August 12, 2008, pursuant to which the Company consummated a financing (the "First Financing") to raise $9,000,000 through the sale of Notes to certain Holders. Additionally, as previously disclosed in that Current Report on Form 8-K filed with the SEC on October 2, 2008, which is incorporated herein by reference, the Company entered into that certain Note Purchase Agreement, dated as of September 26, 2008, pursuant to which the Company consummated a second financing to raise $1,400,000 through the sale of Notes to certain Holders. Pursuant to Amendment No. 2, the parties agreed to extend the maturity date of the Notes issued in the First Financing to August 31, 2009, or, if the Company receives comments from the SEC with respect to that certain Information Statement Pursuant to Section 14(c) (the "Information Statement") that the Company is contemplating filing in connection with an amendment to the Company's Certificate of Incorporation authorizing a sufficient number of shares of the Company's common stock, par value $0.001 per share ("Common Stock") to permit the conversion of the Notes (the "Certificate of Amendment"), September 15, 2009 (as applicable, ...
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ZOO ENTERTAINMENT, INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. In this section, references to "we," "us," "our," "ours," and "the Company" refer to Zoo Entertainment, Inc. (formerly known as Driftwood Ventures, Inc.) and its operating and wholly-owned subsidiary, Zoo Games, Inc. (formerly known as Green Screen Interactive Software, Inc.) and its operating and wholly owned subsidiary, Zoo Publishing, Inc. (formerly known as Destination Software, Inc.). The following discussion should be read in conjunction with, and is qualified in its entirety by, the financial statements and the notes thereto included in this report. This discussion contains certain forward-looking statements that involve substantial risks and uncertainties. When used in this report, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to our management or us are intended to identify such forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Historical operating results are not necessarily indicative of the trends in operating results for any future period. We are a developer, publisher and distributor of video game software for use on major platforms including Nintendo's Wii, DS, GBA, Sony's PSP and PlayStation 2. In addition, we intend to publish packaged entertainment software titles for use on a variety of other gaming platforms, including Sony's PlayStation 3 and Microsoft's Xbox 360. We will also seek to create and sell downloadable games for Microsoft's Xbox Live Arcade, Sony's PlayStation 3 Network, Nintendo's Virtual Console, iPhone and for use on personal computers (PCs). Our current video game titles are targeted at various demographics, primarily at a lower-priced "value" title. In some instances, the...
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