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): May 14, 2010
STRATUS
MEDIA GROUP, INC.
NEVADA |
000-24477 | 86-0776876 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
3 East De La Guerra Street, 2nd Floor
Santa Barbara,
California 93101
(Address of principal executive offices)
Registrant’s
telephone number, including area code: 805-884-9977
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))
Item 1.01 Entry into a Material Definitive Agreement
Effective May 14, 2010, Stratus Media Group, Inc. (the “Company”)
entered into a Co-branded Card Agreement (the “Agreement”) with Cornèr
Banca SA (the “Bank”), located in Lugano, Switzerland. Under the
Agreement, the parties agreed to jointly launch a co-branded consumer
card payment solution targeted at high net worth individuals and a
co-branded commercial payment solution targeted at small and mid-sized
businesses. The cards, to be issued by the Bank, will include a loyalty
rewards program. The cards are targeted to residents of Europe. The
initial term of the Agreement is five years. The Company, among other
things, will be responsible for marketing and administration of, and
expenses relating to, the rewards program. The Bank will be responsible
for issuing the cards. The Company receives a share of purchase
transactions generated by a card holder and membership and initiation
fees.
SIGNATURE
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.
Date: |
May 20, 2010 |
STRATUS MEDIA GROUP, INC. |
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By: |
/s/ Paul Feller |
Paul Feller, Chief Executive Officer |
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