THIS DOCUMENT IS A CONFIRMING COPY OF THE SCHEDULE 13G FILED
ON FEBRUARY 14, 1997 PURSUANT TO A RULE 201 TEMPORARY HARDSHIP
EXEMPTION.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
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NETWORK EVENT THEATER, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
640924-10-6
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(CUSIP Number)
*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).
Page 1 of 5 pages
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CUSIP No. 640924-10-6 13G Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSON
S.S or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
CRESCENT INTERNATIONAL HOLDINGS INC.
(I.R.S. IDENTIFICATION NO. 13-3799032)
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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
UNITED STATES OF AMERICA
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5 SOLE VOTING POWER
563,060
NUMBER ---------------------------------------------------------------
OF 6 SHARED VOTING POWER
SHARES
BENEFI- 0
CIALLY --------------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
PERSON 563,060
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,060
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5%
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12 TYPE OF REPORTING PERSON (See Instructions)
CO
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Page 2 of 5 pages
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CUSIP NO. 640924-10-6 13G PAGE 3 OF 5 PAGES
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ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL
EXECUTIVE OFFICES:
(a) Network Event Theater, Inc.
(b) 60 Madison Avenue
New York, New York 10010
ITEM 2. NAME OF PERSON FILING, ADDRESS OF PRINCIPAL
BUSINESS OFFICE, CITIZENSHIP, TITLE OF CLASS OF
SECURITIES, AND CUSIP NUMBER:
(a) Crescent International Holdings Inc.
(b) 2200 Hunter Brook Road
Yorktown Heights, New York 10598
(c) United States of America
(d) Common Stock, par value $.01 per share
(e) 640924-10-6
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-
1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING
IS A:
Not Applicable
ITEM 4. OWNERSHIP
(a) Amount beneficially owned: 563,060
(b) Percent of class: 6.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote: 563,060 shares
(ii) Shared power to vote or to direct the
vote: 0 shares
(iii) Sole power to dispose or to direct the
disposition of: 563,060 shares
(iv) Shared power to dispose or to direct the
disposition of: 0 shares
Page 3 of 5 pages
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CUSIP NO. 640924-10-6 13G PAGE 4 of 5 PAGES
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY
THE PARENT HOLDING COMPANY
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
Not Applicable
Page 4 of 5 pages
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CUSIP NO. 640924-10-6 13G PAGE 5 of 5 PAGES
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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.
February 14, 1997
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Date
CRESCENT INTERNATIONAL HOLDINGS INC.
By: /s/ Bradley P. Rolston
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Signature
Bradley P. Rolston, Vice President and Secretary
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Name/Title
