-----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, GkwGfv/kaXX7YEVBvvr+g6ZhJhCdOI4MRJRB43EcME6m+nMsopxErJtZSVd/G8AS AXgR4xZic7pj60jqD0LAxA== 0001081980-99-000001.txt : 19990809 0001081980-99-000001.hdr.sgml : 19990809 ACCESSION NUMBER: 0001081980-99-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990730 FILED AS OF DATE: 19990802 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EQUITY GROWTH SYSTEMS INC /DE/ CENTRAL INDEX KEY: 0000050471 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 112050317 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 000-03718 FILM NUMBER: 99675918 BUSINESS ADDRESS: STREET 1: 440 EAST SAMPLE ROAD E STREET 2: SUITE 204 CITY: POMPANO BEACH STATE: FL ZIP: 33060 BUSINESS PHONE: 5619983435 MAIL ADDRESS: STREET 1: 8001 DESOTO WOODS DRIVE CITY: SARASOTA STATE: FL ZIP: 34243 FORMER COMPANY: FORMER CONFORMED NAME: INFOTEC INC DATE OF NAME CHANGE: 19930506 COMPANY DATA: COMPANY CONFORMED NAME: SCIMECA CHARLES J CENTRAL INDEX KEY: 0001081980 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 8001 DESOTO WOODS DRIVE CITY: SARASOTA STATE: FL ZIP: 34243 BUSINESS PHONE: 9413588182 4 1 FORM 4 ------------------------------ OMB APPROVAL ------------------------------ OMB Number Expires: Estimated average burden hours per response ....... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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 [_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ________________________________________________________________________________ 1. Name and Address of Reporting Person* Scimeca Charles J. - -------------------------------------------------------------------------------- (Last) (First) (Middle) 320 Island Way #210 - -------------------------------------------------------------------------------- (Street) Clearwater Florida 33767 - -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Equity Growth Systems, inc. ETSY ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year 9/15/95 4/14/96 3/26/98 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) Not Applicable ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) [X] Director [ ] 10% Owner [X] Officer (give title below) [_] Other (specify below) President _____________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [X] Form filed by one Reporting Person [ ] Form filed by more than one Reporting Person ________________________________________________________________________________ Page 1 ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/15/95 J 200.000 A $200 (1) 200,000 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/14/96 J 100,000 A $1000(1) 300,000 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 3/26/98 J 150,000 A (2) 450,000 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 7/7/98 J 450,000 A $4500 450,000 I - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 12/16/98 J 450,000 A (3) 0 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ (1) .001 cent per share - ------------------------------------------------------------------------------------------------------------------------------------ (2) Equity Board resolution states shares are valued at $.40 per share. The value attributed by the reporting person - ------------------------------------------------------------------------------------------------------------------------------------ attributes value to be $.01 per share. - ------------------------------------------------------------------------------------------------------------------------------------ (3) The reporting person attributes value to be $.01 per share. - ------------------------------------------------------------------------------------------------------------------------------------ (4) On July 5, 1998 the reporting person entered into a stock purchase agreement with Palmair, Inc., a Bahamian corporation, - ------------------------------------------------------------------------------------------------------------------------------------ wherein Palmair, Inc. agreed to purchase 450,000 shares for $4,500 and forgive a debtness owed Diederich Gentis (note dated - ------------------------------------------------------------------------------------------------------------------------------------ 11-10-95), on or before December 31, 1998. On or about 7-7-98, 450,000 shares of common stock was transferred to - ------------------------------------------------------------------------------------------------------------------------------------ Palamir, Inc. The agreement provides that until the consimation of the sale the reporting person was to hold full voting - ------------------------------------------------------------------------------------------------------------------------------------ rights because of changes that Equity Growth was experiencing. Attached are copies of stock transfer and purchase agreement - ----------------------------------------------------------------------------------------------------------------------------------- dated on or about 12/16/98 as Exhibit A. The purchase price for the 450,000 shares was exercised. ====================================================================================================================================
* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) (Form 4-07/98) Page 2 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 0.2 12/9/98 J 0 12/9/98 12/31/2000 Common 200,000 0.02 0 D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ (5) Five months before receiving option to purchase 200,000 shares the reporting person transferred to Palmair, Inc, a Bahamian - ------------------------------------------------------------------------------------------------------------------------------------ corporation, "all rights that Mr. Scimeca acquired from Equity Growth Systems, inc. for a period of six months", option to be - ------------------------------------------------------------------------------------------------------------------------------------ exercised within 9 months. - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: /s/ Charles J. Scimeca /s/ 7/30/99 - --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** 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 procedure. Page 3 STOCK TRANSFER AND PURCHASE AGREEMENT THIS AGREEMENT ENTERED INTO THIS 5TH DAY OF JULY 1998 BETWEEN CHARLES J. SCIMECA HEREIN AFTER REFERRED TO AS TRANSFEROR/SELLER OR TS) AND PALMAIR, INC. (TRANSFEREE/PURCHASER OR TP). FOR VALUABLE CONSIDERATION (TS) WILL TRANSFER/SELL 450,000 SHARES OF EQUITY GROWTH SYSTEMS, INC. COMMON STOCK, THAT HE OWNS TO (TP), STOCK CERTIFICATES #027, #063, #130. (TP) UNDERSTANDS THIS STOCK IS RESTRICTED UNDER RULE 144. (TS) WILL RETAIN VOTING RIGHTS FOR THE 450,000 SHARES UNTIL DECEMBER 31, 1998 BECAUSE OF THE CHANGES EQUITY GROWTH SYSTEMS IS EXPERIENCING. THE ACTUAL SALE FOR THIS TRANSACTION FOR TAX AND RULE 144 PURPOSES WILL BE ON OR BEFORE DECEMBER 31, 1998, AT WHICH TIME (TP) WILL PAY TO (TS) $4,500.00 USA CURRENCY OR FORGIVE ALL DEBT OWED TO HER SON DIEDERICH GENTIS BY CHARLES SCIMECA (WHICH IS AGREEABLE TO HIM). (TS) GRANTS TO (TP) AN OPTION TO PURCHASE AT DOUBLE THE THEN CURRENT PAR VALUE PER SHARE IN (USA FUNDS) ALL RIGHTS THAT (TS) ACQUIRES FROM EQUITY GROWTH SYSTEMS, INC FOR PURCHASE OF EQUITY GROWTH SYSTEMS STOCK INCLUDING STOCK OPTIONS WARRANTS OR OTHER TYPES OF STOCK OWNERSHIP RIGHTS FOR A PERIOD OF 6 MONTHS. (TP) HAS 9 MONTHS FROM THE ISSUANCE DATE TO EXERCISE THEIR OPTION. (TS) WILL KEEP (TP) OR HER FAMILY MEMBERS OR OTHER STOCK HOLDERS INFORMED OF DATES THAT ARE IMPORTANT TO THE TERMS OF THIS CONTRACT. FOR PRIVACY REASONS FOR THE BENEFIT OF PALMAIR STOCKHOLDERS THIS CONTRACT SHALL NOT BE RECORDED OR MADE PUBLIC RECORD. IF THIS AGREEMENT HAS TO BE ENFORCED BY ANY TYPE OF LEGAL PROCEDURE THE PREVAILING PARTY SHALL BE AWARDED THEIR LEGAL FEES. PROOF OF AUTHORITY TO EXECUTE THIS AGREEMENT IS ATTACHED AS EXHIBIT A. /s/ Charles J. Scimeca /s/ /s/ C. Gentis Vermeulen /s/ - ----------------------------- --------------------------------------- TRANSFEROR/SELLER TRANSFEREE/PURCHASER DATE July 5,1998 Date 7/8/98 WITNESS Signatures unreadable Page 4 -----END PRIVACY-ENHANCED MESSAGE-----