sc13g

0000950123-09-063879.txt : 20091118 0000950123-09-063879.hdr.sgml : 20091118 20091118145605 ACCESSION NUMBER: 0000950123-09-063879 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20091118 DATE AS OF CHANGE: 20091118 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KIT digital, Inc. CENTRAL INDEX KEY: 0001076700 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SERVICES, NEC [8900] IRS NUMBER: 113447894 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-79385 FILM NUMBER: 091193174 BUSINESS ADDRESS: STREET 1: 228 EAST 45TH STREET STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-661-4111 MAIL ADDRESS: STREET 1: 228 EAST 45TH STREET STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: ROO GROUP INC DATE OF NAME CHANGE: 20040312 FORMER COMPANY: FORMER CONFORMED NAME: VIRILITEC INDUSTRIES INC DATE OF NAME CHANGE: 19990326 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Zivar Investments Ltd CENTRAL INDEX KEY: 0001476042 IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: GENEVA PLACE, 2ND FLOOR STREET 2: 333 WATERFRONT DRIVE CITY: ROAD TOWN, TORTOLA STATE: D8 ZIP: 00 BUSINESS PHONE: 350-200-73520 MAIL ADDRESS: STREET 1: GENEVA PLACE, 2ND FLOOR STREET 2: 333 WATERFRONT DRIVE CITY: ROAD TOWN, TORTOLA STATE: D8 ZIP: 00 SC 13G 1 a54266sc13g.htm SC 13G sc13g

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

KIT digital, Inc.

(Name of Issuer)

Common Stock, par value $0.0001

(Title of Class of Securities)

482470200

(CUSIP Number)

August 13, 2009

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

	o		Rule 13d-1(b)

	þ		Rule 13d-1(c)

	o		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 disclosures provided in a prior cover page.

The information required on 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).


CUSIP No.		482470200


1	NAMES OF REPORTING PERSONS Zivar Investments Ltd.


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a) o
	(b) o

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	British Virgin Islands

		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			1,768,111 (See Item 4(a))

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH		8	SHARED DISPOSITIVE POWER

			1,768,111 (See Item 4(a))

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	1,768,111 (See Item 4(a))

10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	16.6% (See Item 4(a))

12	TYPE OF REPORTING PERSON

	FI

(Page 2 of 6 Pages)


CUSIP No.		482470200


1	NAMES OF REPORTING PERSONS Abacus Trustees (Gibraltar) Limited


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a) o
	(b) o

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Gibraltar

		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			1,768,111 (See Item 4(a)))

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH		8	SHARED DISPOSITIVE POWER

			1,768,111 (See Item 4(a)))

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	1,768,111 (See Item 4(a)))

10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	16.6% (See Item 4(a)))

12	TYPE OF REPORTING PERSON

	FI

(Page 3 of 6 Pages)


Item 1.

	(a)	KIT digital, Inc.

	(b)	168 Fifth Avenue
		Suite 301
		New York, NY 10010


Item 2.

	(a)	This Schedule 13G is jointly filed by Zivar Investments Ltd. (“Zivar”) and Abacus Trustees (Gibraltar) Limited (“Abacus”).

	(b)	The address of Zivar is: Geneva Place, 2nd floor 333 Waterfront Drive Road Town, Tortola British Virgin Islands The address of Abacus is: 10/8 International Commercial Centre
		Casemates Square
		Gibraltar

	(c)	Zivar is a corporation organized under the laws of the British Virgin Islands. Abacus is a corporation organized under the laws of Gibraltar.

	(d)	Common Stock, par value $0.0001

	(e)	482470200


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:

	(a)	o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

	(b)	o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

	(c)	o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

	(d)	o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

	(e)	o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

	(f)	o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

	(g)	o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

	(h)	o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

	(i)	o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

	(j)	o Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
		Not applicable.

(Page 4 of 6 Pages)


Item 4.			Ownership.

		(a)	1,768,111 shares of Common Stock*

		(b)	16.6%

		(c)(i)	0

		(c)(ii)	1,768,111 shares of Common Stock

		(c)(iii)	0

		(c)(iv)	1,768,111 shares of Common Stock

*	Abacus is the sole shareholder and Trustee of the trust that owns Zivar and may be deemed to have voting and investment power over the shares of the Issuer held by Zivar. Abacus disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.

Item 5.			Ownership of Five Percent or Less of a Class.

			N/A

Item 6.			Ownership of More than Five Percent on Behalf of Another Person.

			N/A

Item 7.			Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

			See Exhibit 99.1

Item 8.			Identification and Classification of Members of the Group.

			The reporting persons are filing this Schedule 13G jointly, but not as a group, and each of them expressly disclaims membership in a group within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended. See Exhibit 99.2.

Item 9.			Notice of Dissolution of Group.

			N/A

Item 10.			Certification.

By signing below each of the undersigned certifies that, to the best of its 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.

(Page 5 of 6 Pages)

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: November 18, 2009


	ZIVAR INVESTMENTS LTD
	By:	Abacus (Gibraltar) Limited
	Its:	Corporate Director

	By:	/s/ Paul Bowling
		Paul Bowling, Authorized Signatory


	ABACUS TRUSTEES (GIBRALTAR) LIMITED

	By:	/s/ Paul Bowling
		Paul Bowling, Director

(Page 6 of 6 Pages)

EX-99.1 2 a54266exv99w1.htm EXHIBIT 99.1 exv99w1

EXHIBIT 99.1

ITEM 7 INFORMATION

Abacus is the sole shareholder and Trustee of the trust that owns Zivar and may be deemed to have voting and investment power over the shares of the Issuer held directly by Zivar. Abacus disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.

EX-99.2 3 a54266exv99w2.htm EXHIBIT 99.2 exv99w2

EXHIBIT 99.2

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other reporting persons on behalf of each of them in a statement on Schedule 13G (including amendments thereto) with respect to the common stock, par value $0.0001 per share, of KIT digital, Inc., a Delaware corporation, and that this agreement shall be included as an exhibit to such joint filing. This agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Agreement on the 18th day of November, 2009.


	ZIVAR INVESTMENTS LTD
	By:	Abacus (Gibraltar) Limited
	Its:	Corporate Director

	By:	/s/ Paul Bowling
		Paul Bowling, Authorized Signatory


	ABACUS TRUSTEES (GIBRALTAR) LIMITED

	By:	/s/ Paul Bowling
		Paul Bowling, Director