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) October 3, 2003
Victor Industries, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Idaho 0-25388 91-078484114
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
4810 North Wormath Road, Missoula, Montana 598074
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (406) 251-8501
Item 2. Acquisition or Disposition of Assets
The Board of Directors of Victor Industries, Inc. reports that Flinn
Broadcasting has once again turned the power off at The Heat 100.3 in Great
Falls, MT. The Heat 100.3 is New Wave Media Corporations ( a wholly owned
subsidiary of Victor Industries ) first radio station.
Josh Gager, President of Victor Industries and New Wave Media commented, " In
just six months of operations we created the number one station in Great Falls
in the 18-34 age group, this position greatly increased the value of the
station. This is the second time Flinn Broadcasting has turned the power off at
the station. The first time New Wave Media secured a permanent injunction
requiring Flinn to turn the power back on. The judge, in his Statements of Fact
stated that Flinn had broken our agreement and that New Wave would likely
prevail in court. We bounced back from the first disruption and were approaching
profitability when Flinn turned us off the second time. We have made the
decision not to attempt to gain another injunction and instead exercise our
legal rights in court. With the reputation we have gained in the market our
plans are to acquire another station. There can be no assurance that we will be
successful in accomplishing our goal.
We have continued developing our marketing strategy for Victor Industries
flagship product, ENVIROLIZERTM . We believe, that given the difficulties we
have experienced in marketing to distributors that a direct marketing campaign
may be more effective. To that end we expect marketing efforts to begin during
the month of October.
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 thereunto duly authorized.
Dated: October 3, 2003 Victor Industries, Inc.
By: /s/ Josh Gager
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President
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