As filed with the Securities and Exchange Commission on February 27, 1997
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Electronic Hair Styling, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
285722-10-4
(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 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.
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CUSIP No. 285722-10-4 SCHEDULE 13G
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Futurtec, L.P.
11-3155090
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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2 5 SOLE VOTING POWER
419,842
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
--------------------------------------------------
6 SHARED VOTING POWER
0
--------------------------------------------------
7 SOLE DISPOSITIVE POWER
419,842
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
419,842
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.6%
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12 TYPE OF REPORTING PERSON
PN
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CUSIP No. 285722-10-4 SCHEDULE 13G
- ----------------------------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Futurtec Capital Corporation
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b)/ /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------------------------------------------------------------------------------
2 5 SOLE VOTING POWER
419,842
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
--------------------------------------------------
6 SHARED VOTING POWER
0
--------------------------------------------------
7 SOLE DISPOSITIVE POWER
419,842
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
419,842
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.6%
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12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 285722-10-4 SCHEDULE 13G
- ----------------------------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ido Klear
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------------------------------------------------------------------------------
2 5 SOLE VOTING POWER
419,842
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
--------------------------------------------------
6 SHARED VOTING POWER
0
--------------------------------------------------
7 SOLE DISPOSITIVE POWER
419,842
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
419,842
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.6%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
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CUSIP No. 285722-10-4 SCHEDULE 13G
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ITEM 1(A). NAME OF ISSUER:
Electronic Hair Styling, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
One Lovell Avenue
Mill Valley, California 94941
ITEM 2(A). NAME OF PERSON FILING:
Futurtec, L.P., a Delaware limited partnership, is the
security holder of record of the Common Stock
(hereinafter defined) of the Company. Futurtec Capital
Corporation, a Delaware corporation, is the general
partner of Futurtec, L.P. Mr. Ido Klear is the sole
stockholder, director and President of Futurtec
Capital Corporation.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Futurtec, L.P.
111 Great Neck Road
Suite 301
Great Neck, NY 11021
ITEM 2(C). CITIZENSHIP:
U.S.A.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value per share (the "Common Stock")
ITEM 2(E). CUSIP NUMBER:
285722-10-4
ITEM 3. TYPE OF REPORTING PERSON FILING PURSUANT TO RULE
13D-1(B) OR 13D-2(B):
Not Applicable.
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CUSIP No. 285722-10-4 SCHEDULE 13G
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ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned as of December 31, 1996:
419,842 shares of Common Stock
(b) Percent of Class:
7.6%
(c) Number of shares as to which the Reporting Person has:
(i) sole power to vote or to direct the vote 419,842
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the
disposition of 419,842
(iv) shared power to dispose or to direct the
disposition of 0
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.
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CUSIP No. 285722-10-4 SCHEDULE 13G
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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 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 purposes or
effect.
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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.
Dated: February 26, 1997
FUTURTEC, L.P.
By: Futurtec Capital Corporation,
its General Partner
By: /s/ Ido Klear
----------------------------
Name: Ido Klear
Title: President
FUTURTEC CAPITAL CORPORATION
By: /s/ Ido Klear
---------------------------
Name: Ido Klear
Title: President
/s/ Ido Klear
--------------------------------
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