SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
RSBM LLP

(Last) (First) (Middle)
5 W 37TH STREET
9TH FLOOR

(Street)
NEW YORK NY 10018-5315

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/29/2009
3. Issuer Name and Ticker or Trading Symbol
CARDTREND INTERNATIONAL INC. [ CDTR ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 32,952,990 D(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. From approximately May 2007 to April 2008, RBSM LLP ("RBSM") was engaged as the Issuer's auditor. Peter Stefanou is the Managing Partner of RBSM. On April 22, 2008, Issuer terminated RBSM. On May 5, 2008, Issuer issued a convertible note in the amount of $200,000 to RBSM (the "RBSM Note") for a term of 6 months (the "Maturity Date"). On the Maturity Date, if the Issuer did not pay the principal and interest of the RBSM Note, the RBSM Note was convertible, at the option of RBSM, into shares of the Issuer's Common Stock, at a conversion price equal to the average closing bid price of the Company's Common Stock for the five (5) days preceding the Maturity Date. On October 30, 2008, the Issuer and RBSM signed an agreement to extend the Maturity Date from November 4, 2008 to May 4, 2009. On May 5, 2009, RBSM elected to convert the principal amount of the RBSM Note and all interest accrued thereunder into 32,950,990 shares of the Issuer's Common Stock.
/s/Peter Stefanou, Managing Partner 06/05/2009
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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