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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
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Kentek Information Systems, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
490807104
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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
disclosures provided in a prior cover page.
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 No. 490807104
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Khronos Capital Ltd.
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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
British Virgin Islands
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5 SOLE VOTING POWER
905,848
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 905,848
PERSON
WITH ------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
905,848
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10 CHECK 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)
13.0%
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12 TYPE OF REPORTING PERSON (See Instructions)
CO
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Item 1. (a) Name of Issuer:
Kentek Information Systems, Inc.
(b) Address of Issuer's Principal Executive Offices or, if none,
Residence:
2945 Wilderness Blvd.
Boulder, Colorado 80301-5403
Item 2. (a) Name of Person Filing:
Khronos Capital Ltd.
(b) Address of Principal Business Office or, if none, Residence:
Tropic Isle Building
Wickhamas Cay, Round Town
Tortola, British Virgin Islands
(c) Citizenship:
British Virgin Islands
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
490807104
Item 3. If this statement is being filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is an:
(a)[ ] Broker or Dealer registered under Section 15 of the Act
(b)[ ] Bank as defined in section 3(a)(6) of the Act
(c)[ ] Insurance Company as defined in section 3(a)(19) of the Act
(d)[ ] Investment Company registered under section 8 of the Investment
Company Act
(e)[ ] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f)[ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment
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Fund; see 13d-1(b)(1)(ii)(F)
(g)[ ] Parent Holding Company, in accordance with 13d-1(b)(ii)(G) (Note:
See Item 7)
(h)[ ] Group, in accordance with 13d-1(b)(1)(ii)(H)
Item 4. Ownership:
(a) Amount Beneficially Owned: 905,848*
(b) Percent of Class: 13.0%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote - 905,848*
(ii) shared power to vote or direct the vote - 0
(iii) sole power to dispose or direct the disposition of -
905,848*
(iv) shared power to dispose or direct the disposition of - 0
*See Attachment A
Item 5. Ownership of Five Percent or Less of a Class:
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
N/A
Item 7. Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on by the Parent Holding Company
N/A
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
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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 acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
Signature
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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.
KHRONOS CAPITAL LTD.
BY: /s/ I. Jimmy Mayer
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Dated: February 13, 1998 Name: I. Jimmy Mayer
Title: Chairman
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Attachment A
As of December 31, 1997, I. Jimmy Mayer may be deemed to be the
beneficial owner of the 905,848 shares of Common Stock reported herein. Such
shares are held by Auber Investments Limited, a British Virgin Islands
corporation ("Auber") which is managed by the Reporting Person. Mr. Mayer is (i)
the chairman of the Board of Directors and the principal stockholder of the
Reporting Person and (ii) a significant stockholder of Auber, and, as such, may
be deemed to have sole voting and dispositive power with respect to the 905,848
shares of Common stock held by Auber. Mr. Mayer was a member of the Board of
Directors of the Issuer at December 31, 1997 but submitted his resignation as a
director on January 22, 1998.
