sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. 1)*
Warp Technology Holdings, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.00001 PER SHARE
------------------------------------------------------------------------------------------------------------------------------------------------------------
(Title of Class of Securities)
002840 10 6
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2004
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
--------------
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/x/ Rule 13d-1(c)
/ / Rule 13d-1(d)
-------------------
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in
a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 2 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Rubenstein
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
23,948 shares (1)
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
23,948 shares (1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
23,948 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.4%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
(1) Consists of (a) 6,096 shares of Common Stock and (ii) 2,778 shares of Common
Stock issuable upon exercise of warrants to purchase shares of Common Stock
beneficially held by Seneca Ventures; (b) (i) 6,470 shares of Common Stock and
(ii) 4,167 shares of Common Stock issuable upon exercise of warrants to purchase
Common Stock beneficially held by Woodland Venture Fund; and (c) (i) 3,048
shares of Common Stock and (ii) 1,389 shares of Common Stock issuable upon
exercise of warrants to purchase shares of Common Stock beneficially held by
Woodland Partners. Mr. Rubenstein disclaims beneficial ownership of the
securities held by Seneca Ventures, Woodland Venture Fund, and Woodland
Partners, except to the extent of his respective equity interest therein.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 3 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 4 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Foreign Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 5 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners II, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 6 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Irwin Lieber
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 4,437 shares (1)
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
4,437 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
4,437 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
(1) Includes 1,389 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 7 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Fingerhut
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 4,437 shares (1)
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
4,437 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
4,437 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
(1) Includes 1,389 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 8 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brookwood Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 9 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seneca Ventures
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 8,874 shares (1)
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
8,874 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,874 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
(1) Consists of (i) 6,096 shares of Common Stock and (ii) 2,778 shares of Common
Stock issuable upon exercise of warrants to purchase shares of Common Stock.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 10 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Venture Fund
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 10,637 shares (1)
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
10,637 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
10,637 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
(1) Consists of (i) 6,470 shares of Common Stock and (ii) 4,167 shares of Common
Stock issuable upon exercise of warrants to purchase shares of Common Stock.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 11 of 20 Pages
----------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Partners
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 4,437 shares (1)
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
4,437 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
4,437 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
(1) Consists of (i) 3,048 shares of Common Stock and (ii) 1,389 shares of Common
Stock issuable upon exercise of warrants to purchase shares of Common Stock.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 12 of 20 Pages
----------------------- --------------------
Item 1.
(a) Name of Issuer: Warp Technology Holdings, Inc.
(b) Address of Issuer's Principal Executive Offices:
535 West 34th Street, 5th Floor, New York, New York 10001
Item 2.
1. (a) Name of Person Filing: Barry Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
2. (a) Name of Person Filing: Wheatley Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
3. (a) Name of Person Filing: Wheatley Foreign Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
4. (a) Name of Person Filing: Wheatley Partners II, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
5. (a) Name of Person Filing: Irwin Lieber
(b) Address of Principal Business Office, or if none, :
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
6. (a) Name of Person Filing: Barry Fingerhut
(b) Address of Principal Business Office, or if none, :
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 13 of 20 Pages
----------------------- --------------------
7. (a) Name of Person Filing: Brookwood Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
8. (a) Name of Person Filing: Seneca Ventures
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
9. (a) Name of Person Filing: Woodland Venture Fund
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
10. (a) Name of Person Filing: Woodland Partners
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
The following individuals or entities are identified in this Schedule 13G
due to their relationships with one or more of the Reporting Persons disclosed
above. The following persons or entities are not Reporting Persons for purposes
of this Schedule 13G.
Affiliates of Wheatley Partners, L.P., but who do not directly
beneficially own shares of Common Stock of the Issuer.
11. (a) Name of Person Filing: Jonathan Lieber
(b) Address of Principal Business Office, or if none, :
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
12. (a) Name of Person Filing: Seth Lieber
(b) Address of Principal Business Office, or if none, :
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 14 of 20 Pages
----------------------- --------------------
13. (a) Name of Person Filing: Wheatley Partners, LLC
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
Affiliates of Barry Rubenstein, but who do not directly beneficially own
shares of Common Stock of the Issuer.
14. (a) Name of Person Filing: Marilyn Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
15. (a) Name of Person Filing: Woodland Services Corp.
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.00001 per share
(e) CUSIP Number: 002840 10 6
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
/x/ Not Applicable
(a) / / Broker or dealer registered under Section 15 of the Exchange Act.
(b) / / Bank as defined in section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in section 3(a)(19) of the Exchange
Act.
(d) / / Investment company registered under section 8 of the Investment
Company Act.
(e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 15 of 20 Pages
----------------------- --------------------
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership - The number of shares of Common Stock shown below
reflect the 1:100 reverse stock split effected by the Issuer as of
November 18, 2004 (the "Reverse Stock Split"). The percentages of
beneficial ownership shown below are based on 97,111,483 (or 971,115
post-Reverse Stock Split) shares of Common Stock outstanding as of
November 3, 2003 as reported in the Issuer's quarterly report for the
period ended September 30, 2003 on Form 10-QSB.
1. Barry Rubenstein
(a) Amount Beneficially Owned: 23,948 shares.
(b) Percent of Class: 2.4%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 23,948 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 23,948 shares.
2. Wheatley Partners, L.P.
(a) Amount Beneficially Owned: 0 shares.
(b) Percent of Class: 0.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
3. Wheatley Foreign Partners, L.P.
(a) Amount Beneficially Owned: 0 shares.
(b) Percent of Class: 0.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
4. Wheatley Partners II, L.P.
(a) Amount Beneficially Owned: 0 shares.
(b) Percent of Class: 0.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
5. Irwin Lieber
(a) Amount Beneficially Owned: 4,437 shares.
(b) Percent of Class: 0.5%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 4,437 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 4,437 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 16 of 20 Pages
----------------------- --------------------
6. Barry Fingerhut
(a) Amount Beneficially Owned: 4,437 shares.
(b) Percent of Class: 0.5%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 4,437 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 4,437 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
7. Brookwood Partners, L.P.
(a) Amount Beneficially Owned: 0 shares.
(b) Percent of Class: 0.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
8. Seneca Ventures
(a) Amount Beneficially Owned: 8,874 shares.
(b) Percent of Class: 0.9%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 8,874 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 8,874 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
9. Woodland Venture Fund
(a) Amount Beneficially Owned: 10,637 shares.
(b) Percent of Class: 1.1%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 10,637 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 10,637 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
10. Woodland Partners
(a) Amount Beneficially Owned: 4,437 shares.
(b) Percent of Class: 0.5%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 4,437 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 4,437 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
The following individuals or entities are identified in this Schedule 13G
due to their relationships with one or more of the Reporting Persons disclosed
above. The following persons or entities are not Reporting Persons for purposes
of this Schedule 13G.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 17 of 20 Pages
----------------------- --------------------
Affiliates of Wheatley Partners, L.P., but who do not directly
beneficially own shares of Common Stock of the Issuer:
11. Jonathan Lieber
(a) Amount Beneficially Owned: 0 shares.
(b) Percent of Class: 0.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
12. Seth Lieber
(a) Amount Beneficially Owned: 0 shares.
(b) Percent of Class: 0.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
13. Wheatley Partners, LLC
(a) Amount Beneficially Owned: 0 shares.
(b) Percent of Class: 0.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 0 shares.
Affiliates of Barry Rubenstein, but who do not directly beneficially own
shares of Common Stock of the Issuer:
14. Marilyn Rubenstein
(a) Amount Beneficially Owned: 23,948 shares.
(b) Percent of Class: 2.4%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 23,948 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 23,948 shares.
15. Woodland Services Corp.
(a) Amount Beneficially Owned: 19,511 shares.
(b) Percent of Class: 2.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 19,511 shares.
(iii) sole power to dispose or direct the disposition of: 0 shares.
(iv) shared power to dispose or direct the disposition of: 19,511 shares.
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 18 of 20 Pages
----------------------- --------------------
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.
[The remainder of this page was intentionally left blank.]
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 19 of 20 Pages
----------------------- --------------------
SIGNATURES
----------
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 19, 2005
WHEATLEY PARTNERS, L.P.
By: Wheatley Partners LLC,
the General Partner
By: /s/ Irwin Lieber
-----------------------------------
Name: Irwin Lieber
Title: President
WHEATLEY FOREIGN PARTNERS, L.P.
By: Wheatley Partners LLC,
a General Partner
By: /s/ Irwin Lieber
-----------------------------------
Name: Irwin Lieber
Title: President
WHEATLEY PARTNERS II, L.P.
By: /s/ Irwin Lieber
-----------------------------------
Irwin Lieber, a General Partner
/s/ Irwin Lieber
---------------------------------------
Irwin Lieber
/s/ Barry Fingerhut
---------------------------------------
Barry Fingerhut
----------------------- --------------------
CUSIP No. 002840 10 6 13G Page 20 of 20 Pages
----------------------- --------------------
/s/ Barry Rubenstein
---------------------------------------
Barry Rubenstein
BROOKWOOD PARTNERS, L.P.
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein, a General Partner
SENECA VENTURES
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein, a General Partner
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein, a General Partner
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein, a General Partner