-----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, SkZor3JIg23xvH9fz+Wm437DAOnppU3MjKgdFxmaLjE9wgkYONoArXWZ+U/NJ32L tdVLqWpzNkF5v1qqTuUnVw== 0000909143-99-000157.txt : 19990910 0000909143-99-000157.hdr.sgml : 19990910 ACCESSION NUMBER: 0000909143-99-000157 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990830 FILED AS OF DATE: 19990909 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: 3 SEC ACT: SEC FILE NUMBER: 000-20995 FILM NUMBER: 99708432 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 COMPANY DATA: COMPANY CONFORMED NAME: INFINITY INVESTORS LTD CENTRAL INDEX KEY: 0000930022 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: MEMORIAL SQUARE STREET 2: P O BOX 556 CHARLESTON CITY: NEVIS WEST INDIES MAIL ADDRESS: STREET 1: 27 WELLINGTON ST CITY: CORK IRELAND 3 1 ----------------------------- OMB Number 3235-0104 Expires: December 31, 2001 Estimated average burden hours per response ....... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ====================================================================== 1. Name and Address of Reporting Person Infinity Investors Limited - ---------------------------------------------------------------------- (Last) (First) (Middle) Hunkins Waterfront Plaza, Main Street, P.O. Box 556 - ---------------------------------------------------------------------- (Street) Charlestown, Nevis, West Indies - ---------------------------------------------------------------------- (City) (State) (Zip) ====================================================================== 2. Date of Event Requiring Statement (Month/Day/Year) 08/30/99 ====================================================================== 3. IRS Identification Number of Reporting Person, if an entity (voluntary) ====================================================================== 4. Issuer Name and Ticker or Trading Symbol Visual Edge Systems, Inc. (EDGE) ====================================================================== 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ X ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ===================================================================== 6. If Amendment, Date of Original (Month/Day/Year) N/A ===================================================================== 7. 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 ================================================================================================================================= 2. 3. 1. Amount of Securities Ownership Form Title of Security Beneficially Owned Direct (D) or 4. (Instr. 4) (Instr. 4) Indirect (I) Nature of Indirect Beneficial Ownership - --------------------------------------------------------------------------------------------------------------------------------- Common Stock 9,775,553(1) D - --------------------------------------------------------------------------------------------------------------------------------- Common Stock 117,842(2) D - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- (1) These securities are owned solely by Infinity Investors Limited, which may deemed to be a member of a "group" with IEO Holdings Limited, Glacier Capital Limited and Summit Capital Limited for purposes of Section 13(d) of the Exchange Act. - --------------------------------------------------------------------------------------------------------------------------------- (2) These securities are owned solely by IEO Holdings Limited, Glacier Capital Limited and Summit Capital Limited. - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- ================================================================================================================================= 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).
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ==================================================================================================================================== 3. Title and Amount 2. of Securities Date Exercisable and Underlying 5. Expiration Date Derivative Security 4. Ownership (Month/Day/Year) (Instr. 4) Conversion Form of 6. 1. -------------------- ------------------- or Exercise Derivative Nature Title of Date Expira- Amount or Price of Security: of Indirect Derivative Security Exer- tion Number of Derivative Direct (D) Beneficial (Instr. 4) cisable Date Title Shares Security or Indirect (I) Ownership - --------------------------------------------------------------------------------------------------------------------------------- Series A-2 Convertible Preferred Stock 12/29/98 N/A Common 2,773(1) (3) D Stock - --------------------------------------------------------------------------------------------------------------------------------- Series A-2 Convertible Preferred Stock 12/29/98 N/A Common 1,600(2) (3) D Stock - --------------------------------------------------------------------------------------------------------------------------------- 8.25% Convertible Notes 6/13/97 6/13/00 Common $1,100,000(1) (3) D Stock - --------------------------------------------------------------------------------------------------------------------------------- 1.25% Convertible Notes 6/13/97 6/13/00 Common $ 400,000(2) (3) D Stock - --------------------------------------------------------------------------------------------------------------------------------- (1) These securities are owned by Infinity Investors Limited, which may be deemed to be a member of a "group" with IEO Holdings Limited, Glacier Capital Limited and Summit Capital Limited for purposes of Section 13(d) of the Exchange Act. - --------------------------------------------------------------------------------------------------------------------------------- (2) These securities are owned by Glacier Capital Limited and Summit Capital Limited. - --------------------------------------------------------------------------------------------------------------------------------- (3) The number of shares of common stock available upon conversion of these securities is indeterminable, as such calculation is based on a floating market price. In addition, as of August 30, 1999, the Issuer had no additional authorized shares of common stock, thereby leaving no shares available to be issued upon any such conversion unless and until the Issuer's charter is amended. - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- =================================================================================================================================
Explanation of Responses: Infinity Investors Limited By: /s/ STUART CHASANOFF September 9, 1999 ------------------------------------ ------------------ As Attorney-in-Fact pursuant to the Date Power of Attorney attached herewith as Attachment A **Signature of Reporting Person ** 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 provided is insufficient, see Instruction 6 for procedures. ATTACHMENT A ------------ POWER OF ATTORNEY AND APPOINTMENT OF REPRESENTATIVE To facilitate the expeditious administration of the business of INFINITY INVESTORS LIMITED, IEO HOLDINGS LIMITED, GLACIER CAPITAL LIMITED and SUMMIT CAPITAL LIMITED (collectively the "Funds") the undersigned hereby irrevocably designate and appoint STUART CHASANOFF and BARRETT WISSMAN, and each of them, as their agents and true and lawful attorney to make, sign, execute, swear to and acknowledge, amend, file, record, deliver and publish any documents and instruments necessary to consummate certain transactions concerning VISUAL EDGE SYSTEMS, INC. including, without limitation, that certain Voting Agreement between Infinity Investors Limited and Marion Interglobal, Ltd., any instruments or documents required to be registered or filed with the Securities and Exchange Commission, and/or the State of Delaware, and any and all documents concerning the ownership, management, voting or disposition concerning the securities of the Company held by the Funds. The existence of this Power of Attorney shall not preclude execution of any such instrument by the undersigned on any such matter. This Power of Attorney shall not be revoked and is coupled with an interest. Any person dealing with the undersigned may conclusively presume and rely upon the fact that any such instrument executed by such agent and attorney-in-fact is authorized, regular and binding without further inquiry. DATED July 30, 1999. INFINITY INVESTORS LIMITED By: /s/ J.A. LOUGHRAN -------------------------- Name: J.A. Loughran ------------------------ Title: Director ------------------------ IEO HOLDINGS LIMITED By: /s/ SUZANNE SHEEHY --------------------------- Name: Suzanne Sheehy ------------------------- Title: Director ------------------------ SUMMIT CAPITAL LIMITED By: /s/ J.A. LOUGHRAN -------------------------- Name: J.A. Loughran ----------------------- Title: Director ---------------------- GLACIER CAPITAL LIMITED By: /s/ J.A. LOUGHRAN -------------------------- Name: J.A. Loughran -------------------------- Title: Director ------------------------ -----END PRIVACY-ENHANCED MESSAGE-----