(Address
of Principal Executive Offices) (Zip Code)
(954)
769-5900
(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):
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communications pursuant to Rule 425 under the Securities Act (17
CFR
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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communications pursuant to Rule 14d-2(b) under the Exchange Act
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communications pursuant to Rule 13e-4(c) under the Exchange Act
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This
Report includes forward-looking statements related to theglobe.com, inc.
("theglobe" or the “Company”) that involve risks and uncertainties, including
statements relating to our right to receive certain payments from Labigroup
Holdings, LLC (“Labigroup”) under the agreement reported on in this Report on
Form 8-K herein. These forward-looking statements are made in reliance on the
“safe harbor” provisions of the Private Securities Litigation Reform Act of
1995. For further information about these and other factors that could affect
theglobe.com’s future results and business plans, including theglobe’s ability
to continue operations as a going concern, please see the Company’s filings with
the Securities and Exchange Commission, including in particular our Annual
Report of Form 10-K for the year ended December 31, 2006 and our Quarterly
Report on Form 10-Q for the quarter ended September 30, 2007. Copies of these
filings are available online at http://www.sec.gov. Prospective investors are
cautioned that forward-looking statements are not guarantees of performance.
Actual results may differ materially and adversely from management
expectations.
Items
1.01.
ENTRY
INTO MATERIAL DEFINITIVE AGREEMENT
On
December 20, 2007, the Company, through its subsidiary, Tralliance Corporation
(“Tralliance”), entered into a Bulk Registration Co-Marketing Agreement (the
“Agreement”) with Labigroup,
under
Tralliance’s Bulk Purchasing Program available to entities committing to a
minimum purchase of 25,000 “.travel” domain names within one-year. Labigroup
is
controlled by the Company’s Chairman and Chief Executive Officer, Michael
Egan
and our
remaining directors own a minority interest in Labigroup.
Under
the Agreement, Labigroup committed to purchase a predetermined minimum number
of
“.travel” domain names on a bulk basis from an accredited “.travel” registrar of
its own choosing and to establish a predetermined minimum number of related
“.travel”websites. As
consideration for the “.travel” domain names to be purchased under the
Agreement, Labigroup agreed to pay certain fixed fees and make other payments,
including but not limited to, an ongoing royalty calculated as a % share of
its
Net Revenue, as defined in the Agreement, to Tralliance. The
Agreement has an initial term which expires September 30, 2010, after which
it
may be renewed for successive periods of two and three years, respectively.
Labigroup has paid Tralliance the sum of $262,500 under the Agreement to date.
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.
