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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
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)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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. 490807104
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Khronos Capital Ltd.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |_|
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
5 SOLE VOTING POWER
600,000
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 600,000
PERSON
WITH 8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
600,000
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions) |_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1%
12 TYPE OF REPORTING PERSON (See Instructions)
CO, IA
Page 2 of 5 pages
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Item 1. (a) Name of Issuer:
Kentek Information Systems, Inc.
(b) Address of Issuer's Principal Executive Offices:
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
Wickhams 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 filed pursuant to Sections 240.13d-1(b),
or 240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o).
(b) |_| Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) |_| Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c).
(d) |_| Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C.
80a-8).
(e) |_| Investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E).
(f) |_| Employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F).
Page 3 of 5 pages
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(g) |_| Parent holding company or control person in
accordance with Section 240.13d-1(b)(1)(ii)(G).
(h) |_| Savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C.
1813).
(i) |_| A church plan that is excluded from the definition
of an investment company under section 3(c)(14) of
the Investment Company Act of 1940 (15 U.S.C.
80a-3).
(j) |_| Group, in accordance with Section
240.13d-1(b)(1)(ii)(J).
Item 4. Ownership:
(a) Amount Beneficially Owned: 600,000*
(b) Percent of Class: 12.1%
(c) Number of Shares as to which the person has:
(i) sole power to vote or direct the vote - 600,000*
(ii) shared power to vote or direct the vote - 0
(iii) sole power to dispose or direct the disposition
of - 600,000*
(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:
If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to
be the beneficial owner of more than five percent of the class
of securities check the following |_|.
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
Page 4 of 5 pages
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Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired and are held in the ordinary
course of business and 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.
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.
KHRONOS CAPITAL LTD.
By:/s/ I. Jimmy Mayer
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I. Jimmy Mayer
Chairman
Date: April 23, 1999
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Attachment A
As of April 22, 1999, I. Jimmy Mayer may be deemed to be the
beneficial owner of the 600,000 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 600,000
shares of Common Stock held by Auber.
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SWIDLER BERLIN SHEREFF FRIEDMAN, LLP
919 THIRD AVENUE
NEW YORK, NY 10022-9998
TELEPHONE (212)758-9500
FACSIMILE 212-758-9526
April ___, 1999
VIA EDGAR
Filing Desk - Stop 1-4
Securities and Exchange Commission
450 Fifth Street, N.w.
Washington, D.c. 20549-1004
Re: Kentek Information Systems, Inc. (the "Company")
Ladies and Gentlemen:
On behalf of our client, Khronos Capital Ltd., we enclose for filing
via Edgar, in accordance with Section 13(g) of the Securities Exchange Act of
1934 and the rules promulgated thereunder, a statement on Schedule 13G relating
to the Company.
Very truly yours,
/s/ James Rieger
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James Rieger
Enclosures
CC: Kentek Information Systems, Inc.
Herbert Selzer, Esq.
