SC 13D 1 0001.txt SCHEDULE 13D SCHEDULE 13D INFORMATION REQUIREMENTS FOR FILING UPON ACQUISITION OF FIVE PERCENT OF A CLASS OF EQUITY SECURITIES SUBJECT TO THE REPORTING REQUIREMENTS OF THE 1934 ACT SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.___ )* WATCHOUT! INC.. ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK ------------------------------------------------------------------------------- (Title of Classes of Securities) 941106106 ------------------------------------------------------------------------------- (CUSIP Number) Jeffrey G. Klein 23123 State Road 7 Suite 350B Boca Raton, Florida 33428 (561) 470-9010 ------------------------------------------------------------------------------- (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications) September 1, 2000 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. (1) NAME OF REPORTING PERSONS. S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Cavalcade of Sports Networks, Inc. 65-0703836 Todd Violette (control person of Cavalcade of Sports Networks, Inc. ###-##-#### -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] -------------------------------------------------------------------------------- (3) SEC USE ONLY -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] NA -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Cavalcade of Sports Networks, Inc. is a Nevada corporation Todd Violette is a United States citizen ----------------------------------------------------------------------------------------------------------- (7) SOLE VOTING POWER Cavalcade of Sports Networks, Inc. 25,100,000 NUMBER OF SHARES Todd Violette is a control person of Cavalcade of Sports BENEFICIALLY OWNED BY Networks, Inc. EACH REPORTING PERSON --------------------------------------------------------------- (8) SHARED VOTING POWER There is no Shared voting power amongst the reporting persons. However, Todd Violette is a control person of Cavalcade of Sports Networks, Inc. --------------------------------------------------------------- (9) SOLE DISPOSITIVE POWER Cavalcade of Sports Networks, Inc. 25,100,000 Todd Violette is a control person of Cavalcade of Sports Networks, Inc. --------------------------------------------------------------- (10) SHARED DISPOSITIVE POWER There is no shared dispositive power amongst the reporting persons. However, Todd Violette is a control person of Cavalcade of Sports Networks, Inc. ----------------------------------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Cavalcade of Sports Networks, Inc. 25,100,000 Todd Violette is a control person of Cavalcade of Sports Networks, Inc. but does not otherwise beneficially own any additional shares of issuer. ------------------------------------------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ------------------------------------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) Cavalcade of Sports Networks, Inc. 50.5% Includes shares beneficially owned by Todd Violette, a control person of Cavalcade of Sports Networks, Inc. ------------------------------------------------------------------------------------------------------------ (14) Type of Reporting Person* Cavalcade of Sports Networks, Inc. Corporation Todd Violette Individual ------------------------------------------------------------------------------------------------------------
Item 1. Security and Issuer WATCHOUT! INC. Common Stock 20283 State Rd. 7, Suite 400 Boca Raton, FL 33428 Item 2. Identity and Background 1. (a) Cavalcade of Sports Networks, Inc. (b) 7272 Wisconsin Ave., #300 Bethesda, MD 20814 EIN: 91-1853362 (c) Application Service Provider that offers complete intranet infrastructure for small to medium sized businesses. (d) Not Applicable (e) Not Applicable (f) A Nevada corporation 2. (a) Todd Violette (b) 7272 Wisconsin Ave., #300 Bethesda, MD 20814 SS#: ###-##-#### (c) Businessman (d) NA (e) NA (f) United States Citizen ITEM 3: Source and Amount of Funds or Other Consideration
AMOUNT PURCHASE PURCHASER PURCHASED DATE COST SOURCE Cavalcade of Sports Networks, Inc 25,100,000 common shares 9/1/2000 $6,200,000 OO*
*exchange of shares of subsidiary ITEM 4. Purpose of Transaction Obtain control of the board of directors of the issuer. It is the intent of the reporting person to designate two out of three of said directors. ITEM 5. Interest in Securities of the Issuer: (a) Number and Percentage of Shares of Common Stock Beneficially owned: 25,100,000 50.5% (b) Sole Power to Vote or to Direct the Vote 25,100,000 shares of common stock. There is no shared voting power. Todd Violette is a control person of Cavalcade of Sports Networks, Inc. (c) See Item 3 above (d) Not Applicable (e) Not Applicable ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer None ITEM 7. Material to be Filed as Exhibits 10.1 Stock Exchange Agreement dated August 31, 2000 SIGNATURE After reasonable inquiry and to the best of the knowledge and belief of each of the undersigned, each of the undersigned certifies that the information set forth on this statement is true, complete and correct. September 26, 2000 ---------------------------------------- (Date) CAVALCADE OF SPORTS, NETWORKS, INC. By: /s/ Todd Violette --------------------------- Todd Violette, President