UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): SEPTEMBER 3, 2008
(SEPTEMBER 1, 2008)
WIN GAMING MEDIA, INC.
(Exact name of registrant as specified in its charter)
NEVADA 000-51255 98-0374121
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
103 FOULK ROAD, WILMINGTON, DE 19803
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(Address of principal executive offices) (Zip Code)
(302) 691-6177
(Registrant's telephone number, including area code)
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:
[_] 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 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
As previously reported in the registrant's Current Report on Form 8-K dated
August 11, 2008, on August 6, 2008, the registrant's wholly owned subsidiary
MixTV Ltd., an Israeli corporation ("MixTV"), and Playtech Software Limited, a
British Virgin Islands corporation ("Playtech"), entered into an Intellectual
Property and Technology Purchase Agreement (the "Agreement") under which
Playtech agreed to purchase substantially all of the assets of MixTV, including
but not limited to MixTV's intellectual property ("Purchased Assets") in
consideration of a total amount of $1,750,000. As of September 1, 2008, (1)
$1,250,000 of cash had been paid by Playtech to MixTV, (2) the remaining amount
of $500,000 has been deposited in escrow in accordance with the provisions of
the Agreement and of an escrow agreement entered in connection therewith, (3)
all of the employees of MixTV were terminated and 7 of them became employees of
Playtech and (4) MixTV began the transfer of the Purchased Assets to Playtech.
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.
WIN GAMING MEDIA, INC.
(registrant)
By: /s/ Shimon Citron
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Date: September 3, 2008 Shimon Citron
Chief Executive Officer