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) August 24, 2006
FUEGO ENTERTAINMENT, INC.
(Exact name or registrant as specified in its charter)
Nevada | 20-2078925 |
(State of incorporation or organization) | (I.R.S. Employer Identification No.) |
19250 NW 89th Court, Miami, Florida 33018
(Address of Principal Executive Offices, Including Zip Code)
(305) 829-3777
(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 (See General Instruction A.2. below):
|_| 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))
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Item 2.01. Completion of Acquisition or Disposition of Assets.
Fuego Entertainment, Inc. (OTC Bulletin Board: FUGO) announced that it has issued a letter of intent to acquire 14 television stations for a total consideration of $11 million in cash and stock, including the assumption of liabilities. As part of its commitment to acquire these assets, Fuego will place 1 million shares of the Company’s Rule 144 common stock in third-party escrow. The transaction is subject to a 60-day due diligence period and approval by the FCC.
Item 9.01 Financial Statements and Exhibits
a) Financial Statements
None
b) Exhibits
Exhibit No. Description
99.1 Press Release - MIAMI, August 24, 2006 -- Fuego Entertainment, Inc. (OTC Bulletin Board: FUGO) today announced that it has issued a letter of intent to acquire 14 television stations.
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.
FUEGO ENTERTAINMENT, INC., | ||
Date: 8/25/2006 | By: | /s/ Hugo M. Cancio |
Hugo M. Cancio | ||
Title: Principal Executive Officer |
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