U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 30, 2005
URBAN TELEVISION NETWORK CORPORATION
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(Exact Name of registrant as specified in its Charter)
Nevada 33-58972 22-2800078
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(State of Incorporation) Commission File No. IRS Employer Identification No.)
2707 South Cooper St. Suite 119 Arlington, TX 76015
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, ( 817 ) 303 - 7449
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(Registrant's former name and address)
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Item 1.01 Entry into a Material Definitive Agreement.
On September 30, 2005, we entered into a Stock/Commodity Exchange Agreement with
Geotec Thermal Generators, Inc., a Florida corporation that maintains its
principal place of business at 110 East Atlantic Avenue, Suite 200, Delray
Beach, FL 33444.
The Company acquired two hundred thousand tons of mined coal with a minimum
appraisal of $4.6 million in exchange for one hundred thousand preferred shares
of URBT (the "Preferred Shares" or "Securities") with a stated value, and
convertible to $4.6 million worth of common stock of the Company (the "Common
Shares").
URBT principal and CEO and Miles Investment Group, LLC, President and General
Manager, Jacob R. Miles, III, has advised the Parties that Miles Investment
Group, LLC will be providing URBT with a sufficient number of Common Shares to
facilitate fulfillment of the conversion obligation of URBT set forth herein.
The proposed use of proceeds raised from the Company's exchange of the Shares
for the coal is for the Company to build URBT's working capital and asset value.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
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11.1 CONFIDENTIAL PRIVATE STOCK/COMMODITY EXCHANGE AGREEMENT
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.
Urban Television Network Corporation
Dated: October 4, 2005
/s/ Randy Moseley
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By: Randy Moseley
Title: Chief Financial Officer