URBAN TELEVISION NETWORK CORP (Form: 8-K, Received: 10/25/2017 14:45:10)

UNITED STATE SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): October 24, 2017

	PUNCH ANIMATION, INC.
(Exact name of registrant as specified in its charter)

	Nevada		33-58972	22-2800078
	(State or other jurisdiction of incorporation)		(Commission File Number)	(IRS Employer Identification no.)


		11705 Willake Avenue, Santa Fe Springs, California 90670
		(Address of principle executive offices)

		310.419.5914
		(Registrant’s telephone number, including area code)

		1201 North La Brea Avenue, Suite 256, Inglewood, California 90302
		(Former name or 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:

☐	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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company					☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 3.02

Unregistered Sales of Equity Securities

On October 18, 2017, Punch Animation, Inc. (the “ Company ”) issued 500,000,000 (five hundred million) shares of authorized unregistered common stock to Punch TV Studios, Inc., a Delaware corporation (the “ Buyer ”)in exchange for Buyer’s total investment of $1,000,000 (one million dollars US). Buyer made its initial investment of $100,000 (one hundred thousand dollars US) on October 19, 2017, with the remaining balance to be paid over the following 24 months.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PUNCH ANIMATION, INC.

Date: October 24, 2017	By:	/s/ Joseph Collins
	Name:	Joseph Collins
	Title:	Chief Executive Officer


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PRESS RELEASE

Exhibit 99 PUNCH TV STUDIOS | PRESS OFFICE

For immediate release: October 24, 2017

PUNCH TV STUDIOS INVESTS 1$ MILLION TO LAUNCH PUNCH ANIMATION (OTCMKTS: URBT) LED BY LEGENDARY IRON MAN AND MONSTERS, INC. ANIMATORS

Punch TV Studios continues expanding its media empire through creative development and strategic efforts with a $1 million investment to help launch Punch Animation, Inc. (OTCMKTS: URBT).Punch TV Studios, an American production company, is recognized throughout the entertainment and media industry for developing original andcreative content for licensing and distribution around the world.

Punch Animation, Inc. (OTCMKTS: URBT) was previously Urban Television Network, which was the first African-American owned network in America. It was recently renamed Punch Animation, Inc. and is in the process of filling a 10-K to convey the company's financial performance.

This investment from Punch TV Studios will allow Punch Animation, Inc. (OTCMKTS: URBT) to fund several new animation projects proposed by its legendary and award-winning dynamic animation duo Floyd Norman and Leo Sullivan.

Floyd Norman,President of Creative Development for Punch Animation, Inc. is a legendary producer, an American animator, writer, and comic book artist. Mr. Norman is best-known for his movies Sleeping Beauty, Jungle Book,Toy Story, 101 Dalmatians and Monsters, Inc. Mr. Norman actually worked with the man himself, Walt Disney. He brings decades of experience in animation and production to Punch Animation, Inc. (OTCMKTS: URBT).

Emmy Award-winning Animator/Filmmaker, Leo Sullivan, Chief Operating Officer for Punch Animation, is most-recognized for his movies Flash Gordon, Pac-Man, Iron Man, Tiny Toons Adventures, Scooby-Doo and Flintstones. Mr. Sullivan has over 50 years of experience in the field of animation and is a credentialed teacher for the State of California in Vocational Education Teaching. He has taught at The Art Institute of California - Orange County, guest lecturer at UCLA and Compton College Animation Arts Departments, worked with numerous community organizations and has taught and mentored youths who have gone on to work in major animation studios.

These renowned animators are already diligently developing new concepts and ideas to make Punch Animation, Inc. an industry powerhouse in animation. This investment will allow Punch Animation to develop and produce several amazing projects, which include four animated television series and full-length animated feature film.

But what has the Company most excited is a blockbuster holographic project using the latest holographic technology. This project, and the Company’s future holographic projects, will put Punch Animation on the cutting edge, and establish Punch Animation as the industry leader in holographic production.