<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
QUINTEL ENTERTAINMENT, INC.
---------------------------
(Name of Issuer)
$.001 Par Value Common Stock
----------------------------
(Title of Class of Securities)
748762 10 1
-----------
(CUSIP Number)
Steven L. Feder, c/o Psychic Readers Network, Inc.
2455 E. Sunrise Boulevard, Ft. Lauderdale, FL 33304
(954) 563-5464
--------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 28, 1997
-------------
(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 [ ].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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 the
disclosures provided in a prior cover page.
The information required in 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).
1
<PAGE> 2
<TABLE>
<CAPTION>
- ------------------------------------------------------- ---------------------------------------------
CUSIP NO. 748762 10 1 Page 2
- ------------------------------------------------------- ---------------------------------------------
<S> <C> <C> <C>
==========================================================================================================================
Names of Reporting Person:
1 Steven L. Feder
SS or ISA Identification Nos. of Above Person
- --------------------------------------------------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group*
2 (a)[X]
(b)[ ]
- --------------------------------------------------------------------------------------------------------------------------
SEC use only
3
- --------------------------------------------------------------------------------------------------------------------------
Source of Funds*
4
AF, PF
- --------------------------------------------------------------------------------------------------------------------------
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
5 [ ]
- --------------------------------------------------------------------------------------------------------------------------
Citizenship or Place of Organization
6 USA
- --------------------------------------------------------------------------------------------------------------------------
Sole voting power
7
1,197,995
Number of shares --------------------------------------------------------------------------------------------------
beneficially Shared voting power
owned by each 8
reporting person 109,000
with --------------------------------------------------------------------------------------------------
Sole dispositive power
9
1,197,995
--------------------------------------------------------------------------------------------------
Shared dispositive power
10
109,000
- --------------------------------------------------------------------------------------------------------------------------
Aggregate Amount Beneficially Owned by Each Reporting Person
11
1,306,995
- --------------------------------------------------------------------------------------------------------------------------
Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
[X]
12
- --------------------------------------------------------------------------------------------------------------------------
Percent of Class Represente by Amount in Row (11)
13
7.0
- --------------------------------------------------------------------------------------------------------------------------
Type of Reporting Person*
14
IN
==========================================================================================================================
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
- ------------------------------------------------------- ---------------------------------------------
CUSIP NO. 748762 10 1 Page 3
- ------------------------------------------------------- ---------------------------------------------
<S> <C> <C> <C>
==========================================================================================================================
Names of Reporting Person:
1 Thomas H. Lindsey
SS or ISA Identification Nos. of Above Person
- --------------------------------------------------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group*
2 (a)[X]
(b)[ ]
- --------------------------------------------------------------------------------------------------------------------------
SEC use only
3
- --------------------------------------------------------------------------------------------------------------------------
Source of Funds*
4
AF, PF
- --------------------------------------------------------------------------------------------------------------------------
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
5 [ ]
- --------------------------------------------------------------------------------------------------------------------------
Citizenship or Place of Organization
6 USA
- --------------------------------------------------------------------------------------------------------------------------
Sole voting power
7
1,197,995
Number of shares --------------------------------------------------------------------------------------------------
beneficially Shared voting power
owned by each 8
reporting person 109,000
with --------------------------------------------------------------------------------------------------
Sole dispositive power
9
1,197,995
--------------------------------------------------------------------------------------------------
Shared dispositive power
10
109,000
- --------------------------------------------------------------------------------------------------------------------------
Aggregate Amount Beneficially Owned by Each Reporting Person
11
1,306,995
- --------------------------------------------------------------------------------------------------------------------------
Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
[X]
12
- --------------------------------------------------------------------------------------------------------------------------
Percent of Class Represented by Amount in Row (11)
13
7.0
- --------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
==========================================================================================================================
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
- ------------------------------------------------------- ---------------------------------------------
CUSIP NO. 748762 10 1 Page 4
- ------------------------------------------------------- ---------------------------------------------
<S> <C> <C> <C>
==========================================================================================================================
Names of Reporting Person:
Peter Stolz
1
SS or ISA Identification Nos. of Above Person
- --------------------------------------------------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group*
2 (a)[X]
(b)[ ]
- --------------------------------------------------------------------------------------------------------------------------
SEC use only
3
- --------------------------------------------------------------------------------------------------------------------------
Source of Funds*
4 AF, PF
- --------------------------------------------------------------------------------------------------------------------------
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
5 [ ]
- --------------------------------------------------------------------------------------------------------------------------
Citizenship or Place of Organization
6
USA
- --------------------------------------------------------------------------------------------------------------------------
Sole voting power
7
403,710
Number of shares --------------------------------------------------------------------------------------------------
beneficially Shared voting power
owned by each 8
reporting person 0
with --------------------------------------------------------------------------------------------------
Sole dispositive power
9
403,710
--------------------------------------------------------------------------------------------------
Shared dispositive power
10
0
- --------------------------------------------------------------------------------------------------------------------------
Aggregate Amount Beneficially Owned by Each Reporting Person
11
403,710
- --------------------------------------------------------------------------------------------------------------------------
Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
[X]
12
- --------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
2.2
- --------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
==========================================================================================================================
</TABLE>
<PAGE> 5
The joint statement on Schedule 13D of Steven L. Feder ("Feder"),
Thomas H. Lindsey ("Lindsey") and Peter Stolz ("Stolz") is hereby amended as
follows:
ITEM 1. SECURITY AND ISSUER.
Item 1 is amended by deleting the last sentence of the item and
substituting therefor the following:
As of July 10, 1997, the Company had 18,598,563 shares of Common
Stock issued and outstanding.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is amended by the addition thereto of the following:
On June 23, 1997, Feder and Lindsey each made a capital contribution
of 4,005 shares of Common Stock to PRN. On June 23, 1997, Stolz made a capital
contribution of 990 shares of Common Stock to PRN and sold 26,300 shares of
Common Stock in an open market transaction at $13.375 per share.
On July 25, 1997, Feder and Lindsey each sold the following shares of
Common Stock in open market transactions at the following sale prices per
share: 10,000 shares at $13.625; 5,000 shares at $13.75; and 250 shares at
$13.875.
On July 28, 1997, Feder and Lindsey each sold 39,250 shares of Common
Stock in open market transactions at a sale price of $14.00 per share.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is amended by the deletion thereof in its entirety and the
substitution therefor of the following:
(a) and (b) The Reporting Persons beneficially own the following
amounts of Common Stock:
(1) Feder has sole power to vote and direct the disposition of
1,197,995 shares of Common Stock and shared power to vote and direct the
disposition of 109,000 shares of Common Stock. Feder beneficially owns in the
aggregate 1,306,995 shares of Common Stock, representing approximately 7.0% of
the Common Stock.
(2) Lindsey has sole power to vote and direct the disposition of
1,197,995 shares of Common Stock and shared power to vote and direct the
disposition of 109,000 shares of Common Stock. Lindsey beneficially owns in the
aggregate 1,306,995 shares of Common Stock, representing approximately 7.0% of
the Common Stock.
(3) Stolz has sole power to vote and direct the disposition of
403,710 shares of Common Stock, representing approximately 2.2% of the Common
Stock.
<PAGE> 6
Pursuant to Rule 13d-5(b)(1) of the Exchange Act, the group that may
be formed by the Reporting Persons may be deemed to be the beneficial owner of
all of the 2,908,700 shares of Common Stock beneficially owned by all of the
Reporting Persons, which represents approximately 15.6% of the Common Stock.
Each Reporting Person disclaims beneficial ownership of the Common Stock
beneficially owned by the other Reporting Persons except for 109,000 shares of
Common Stock owned by Feder and Lindsey as joint tenants with rights of
survivorship, as to which only Stolz disclaims beneficial ownership.
5(c)
(i) Feder
<TABLE>
<CAPTION>
Purchase Number Price/
Date or Sale of Shares Share How Effected
- ---- ------- --------- ----- ------------
<S> <C> <C> <C> <C>
6/23/97 Sale 4,005 -- Capital Contribution
7/25/97 Sale 10,000 13-5/8 Open Market Sale
7/25/97 Sale 5,000 13-3/4 Open Market Sale
7/25/97 Sale 250 13-7/8 Open Market Sale
7/28/97 Sale 39,250 14 Open Market Sale
</TABLE>
(ii) Lindsey
<TABLE>
<CAPTION>
Purchase Number Price/
Date or Sale of Shares Share How Effected
- ---- ------- --------- ----- ------------
<S> <C> <C> <C> <C>
6/23/97 Sale 4,005 -- Capital Contribution
7/25/97 Sale 10,000 13-5/8 Open Market Sale
7/25/97 Sale 5,000 13-3/4 Open Market Sale
7/25/97 Sale 250 13-7/8 Open Market Sale
7/28/97 Sale 39,250 14 Open Market Sale
</TABLE>
(iii) Stolz
<TABLE>
<CAPTION>
Purchase Number Price/
Date or Sale of Shares Share How Effected
- ---- ------- --------- ----- ------------
<S> <C> <C> <C> <C>
6/23/97 Sale 26,300 13.375 Open Market Sale
6/23/97 Sale 990 -- Capital Contribution
</TABLE>
6
<PAGE> 7
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: September 8, 1997.
/s/ Steven L. Feder
-------------------------------------
Steven L. Feder
/s/ Thomas H. Lindsey
-------------------------------------
Thomas H. Lindsey
/s/ Peter Stolz
-------------------------------------
Peter Stolz
