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) April 1, 2011
DREAMS, INC.
(Exact name of registrant as specified in its charter)
| Utah | 001-33405 | 87-0368170 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| 2 South University Drive, Plantation, Florida | 33324 | |||
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (954) 377-0002
Registrant’s facsimile number, including area code: (954) 475-8785
Not Applicable
(Former name or former address, if changed since last report)
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 7.01 | Regulation FD Disclosure |
Dreams, Inc. (the “Company”) has issued guidance for the three months ended March 31, 2011, and the year ending December 31, 2011. The Company has projected (i) consolidated revenues for the year ending December 31, 2011 of $140 million; (ii) consolidated revenue for the three months ended March 31, 2011 of approximately $23 million, an approximate 40% increase over the $16.5 million consolidated revenue for the three months ended March 31, 2010; and (iii) revenue for the Company’s Internet Division for the three months ended March 31, 2011 of approximately $16.5 million, an approximate 50% increase over the $11 million revenue for the Company’s Internet Division for the three months ended March 31, 2010.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: April 4, 2011 | DREAMS, INC. | |||
| By: | /s/ Ross Tannenbaum | |||
| Ross Tannenbaum | ||||
| Chief Executive Officer | ||||
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