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Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
United Shipping & Technology, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
911498103
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(CUSIP Number)
September 24, 1999
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(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] 13d-1(b)
[X] 13d-1(c)
[ ] 13d-1(d)
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).
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CUSIP NUMBER: 911498103 13G PAGE 2 OF 6 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS; I.R.S. IDENTIFICATION NOS. (ENTITIES ONLY)
CEX Holdings, Inc.; 84-1347853
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Colorado
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5 SOLE VOTING POWER
NUMBER OF
784,313
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
784,313
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
784,313
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2%
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12 TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP NUMBER: 911498103 PAGE 3 OF 6 PAGES
ITEM 1.
(a) Name of issuer:
United Shipping & Technology, Inc.
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(b) Address of issuer's principal executive offices:
9850 51st Avenue North, Suite 110
Plymouth, Minnesota 55442
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ITEM 2.
(a) Name of person filing:
CEX Holdings, Inc.
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(b) Address of principal business office or, if none,
residence:
1 Environmental Way
Broomfield, Colorado 80021
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(c) Citizenship:
N/A
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(d) Title of class of securities:
Common Stock
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(e) CUSIP Number:
911498103
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CUSIP NUMBER: 911498103 PAGE 4 OF 6 PAGES
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:
Not applicable
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
784,313
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(b) Percent of class:
7.2%
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Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
784,313
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(ii) Shared power to vote or to direct the vote:
0
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(iii) Sole power to dispose or to direct the
disposition of:
784,313
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(iv) Shared power to dispose or to direct the
disposition of:
0
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not applicable
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not applicable
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CUSIP NUMBER: 911498103 PAGE 5 OF 6 PAGES
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable
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ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my 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.
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CUSIP NUMBER: 911498103 PAGE 6 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 as of the date hereof.
Dated: October 4, 1999
CEX HOLDINGS, INC.
/s/ Gary M. Jacobs
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By: Gary M. Jacobs
Title: Executive Vice President
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