-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SPvyrh7Ub9P33v5fwegDbNLL6VBYSZ4RmA1amKBIqBq1F5y9Znm7uvQ0QTMAmp9L aUATxz3EAfn0QP8yqiI5gQ== 0000893838-98-000047.txt : 19980218 0000893838-98-000047.hdr.sgml : 19980218 ACCESSION NUMBER: 0000893838-98-000047 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NONE GROUP MEMBERS: BESSEMER GROUP INC GROUP MEMBERS: BESSEMER TRUST COMPANY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VISUAL EDGE SYSTEMS INC CENTRAL INDEX KEY: 0001015172 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEMBERSHIP SPORTS & RECREATION CLUBS [7997] IRS NUMBER: 133778895 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-49607 FILM NUMBER: 98543679 BUSINESS ADDRESS: STREET 1: 2424 NORTH FEDERAL HIGHWAY STREET 2: SUITE 100 CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 5617507559 MAIL ADDRESS: STREET 1: 2424 NORTH FEDERAL HIGHWAY STREET 2: SUITE 100 CITY: BOCA RATON STATE: FL ZIP: 33431 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BESSEMER GROUP INC CENTRAL INDEX KEY: 0001054074 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 100 WOODBRIDGE CENTER CITY: WOODBRIDGE STATE: NJ ZIP: 07095-1191 BUSINESS PHONE: 9088550800 MAIL ADDRESS: STREET 1: 100 WOODBRIDGE CENTER CITY: WOODBRIDGE STATE: NJ ZIP: 07095-1191 SC 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 VISUAL EDGE SYSTEMS INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 928430107 ------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement |_|. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *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 ("Act") 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). Page 1 of 6 pages - ------------------------------- ------------------------------- |CUSIP No. 928430107 | 13G | Page 2 of 6 Pages | - ------------------------------- ------------------------------- - -------------------------------------------------------------------------------- | 1 | NAME OF REPORTING PERSON | | | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | | | THE BESSEMER GROUP, INCORPORATED | | | 13-3093730 | - -------------------------------------------------------------------------------- | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | | | (a) |_| | | | (b) |_| | | | | - -------------------------------------------------------------------------------- | 3 | SEC USE ONLY | | | | | | | - -------------------------------------------------------------------------------- | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | | Delaware | - -------------------------------------------------------------------------------- | | 5 | SOLE VOTING POWER | | NUMBER OF | | | | | | -0- | | SHARES | | | | -------------------------------------------------------------- | BENEFICIALLY | 6 | SHARED VOTING POWER | | | | | | OWNED BY | | 300,000 shs. | | | | | | EACH -------------------------------------------------------------- | | 7 | SOLE DISPOSITIVE POWER | | REPORTING | | | | | | -0- | | PERSON | | | | -------------------------------------------------------------- | WITH | 8 | SHARED DISPOSITIVE POWER | | | | | | | | 300,000 shs. | - -------------------------------------------------------------------------------- | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | | | | 300,000 shs. | - -------------------------------------------------------------------------------- | 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES | | | CERTAIN SHARES* | | | | | | |_| | - -------------------------------------------------------------------------------- | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | | | | | 6.1% | - -------------------------------------------------------------------------------- | 12 | TYPE OF REPORTING PERSON* | | | | | | HC | - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 6 pages - ------------------------------- ------------------------------- |CUSIP No. 928430107 | 13G | Page 3 of 6 Pages | - ------------------------------- ------------------------------- - -------------------------------------------------------------------------------- | 1 | NAME OF REPORTING PERSON | | | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | | | BESSEMER TRUST COMPANY | | | 22-0770670 | - -------------------------------------------------------------------------------- | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | | | (a) |_| | | | (b) |_| | | | | - -------------------------------------------------------------------------------- | 3 | SEC USE ONLY | | | | | | | - -------------------------------------------------------------------------------- | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | | New Jersey | - -------------------------------------------------------------------------------- | | 5 | SOLE VOTING POWER | | NUMBER OF | | | | | | 300,000 shs. | | SHARES | | | | -------------------------------------------------------------- | BENEFICIALLY | 6 | SHARED VOTING POWER | | | | | | OWNED BY | | -0- | | | | | | EACH -------------------------------------------------------------- | | 7 | SOLE DISPOSITIVE POWER | | REPORTING | | | | | | 300,000 shs. | | PERSON | | | | -------------------------------------------------------------- | WITH | 8 | SHARED DISPOSITIVE POWER | | | | | | | | -0- | - -------------------------------------------------------------------------------- | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | | | | 300,000 shs. | - -------------------------------------------------------------------------------- | 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES | | | CERTAIN SHARES* | | | | | | |_| | - -------------------------------------------------------------------------------- | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | | | | | 6.1% | - -------------------------------------------------------------------------------- | 12 | TYPE OF REPORTING PERSON* | | | | | | BK | - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 6 pages Item 1. (a) Name of Issuer: Visual Edge Systems Inc. (b) Address of Issuer's Principal Executive Offices: 2424 North Federal Highway Suite 100 Boca Raton, Florida 33431 Item 2. (a), (b) and (c) Name of Persons Filing, Address of Principal Business ----------------------------------------------------- Office and Citizenship: ----------------------- The Bessemer Group, Incorporated ("BGI"), as a parent holding company, and Bessemer Trust Company ("BTC"). BTC is wholly owned by BGI. BTC is a trust company that manages accounts for the benefit of others. The holder of the securities referred to in this statement is a trust for the benefit of a client of BTC, of which BTC is trustee or co-trustee. BGI and BTC each has its principal business office at 100 Woodbridge Center Drive, Woodbridge, New Jersey 07095-0980. BGI is a corporation organized under the laws of Delaware. BTC is a bank organized under the laws of New Jersey. (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 928430107 Page 4 of 6 pages Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a), (c) through (f), (h) not applicable. (b) [X] Bank as defined in section 3(a)(6) of the Act, as to BTC. (g) [X] Parent Holding Company, in accordance with section 240.13d-1(b)(1)(ii)(G), as to BGI. Item 4. Ownership Items 5 through 9 and Item 11 of Pages 2 and 3 of this Statement are incorporated herein by reference. Item 5. Ownership of Five Percent or Less of a Class Not applicable. 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 Items 1 and 12 of page 3 of this Statement are incorporated herein by reference. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice of Dissolution of Group Not applicable. Page 5 of 6 pages Item 10. Certification By signing below, the undersigned certify that, to the best of the knowledge and belief of the undersigned, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Item 11. Signatures After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: February 17, 1998 THE BESSEMER GROUP, INCORPORATED By: /s/ Richard R. Davis ------------------------------------ Name: Richard R. Davis Title: Executive Vice President BESSEMER TRUST COMPANY By: /s/ Richard R. Davis ------------------------------------ Name: Richard R. Davis Title: Executive Vice President Page 6 of 6 pages -----END PRIVACY-ENHANCED MESSAGE-----