SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G/A
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)(1)
(Final Amendment)
COMMODORE SEPARATION TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
202909 10 7
- --------------------------------------------------------------------------------
(CUSIP Number)
September 28, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| Rule 13d-1 (b)
|_| Rule 13d-1 (c)
|X| Rule 13d-1 (d)
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(1) 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 or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the
Act.
Page 1 of 7 Pages
<PAGE>
CUSIP No. 202909 10 7 Page 2 of 7 Pages
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(1) Names of Reporting Persons Commodore Applied Technologies, Inc.
I.R.S. Identification No. of Above Persons (Entities Only) 11-3312952
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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
Delaware
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Number of Shares Beneficially Owned by Each Reporting Person With
(5) Sole Voting Power:
-0-
(6) Shared Voting Power:
-0-
(7) Sole Dispositive Power:
-0-
(8) Shared Dispositive Power:
-0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
-0-(1)
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(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)
0%
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(12) Type of Reporting Person
CO
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(1) On December 23, 1998, Commodore Applied Technologies, Inc. ("Applied") and
Commodore Environmental Services, Inc. ("Environmental") entered into a
debt repayment agreement (the "Agreement"). Pursuant to this Agreement,
effective on September 28, 1998, Applied transferred 10,000,000 shares of
common stock, par value $.001 per share (the "Common Stock"), of the
Issuer, representing approximately 87% of the outstanding shares of Common
Stock, to Environmental as part of a plan to repay certain debt owed to
Environmental. As a result, Applied no longer beneficially owns any shares
of the Issuer's Common Stock.
<PAGE>
CUSIP No. 202909 10 7 Page 3 of 7 Pages
Item 1(a). Name of Issuer:
COMMODORE SEPARATION TECHNOLOGIES, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
3240 Town Point Drive, Suite 200
Kennesaw, Georgia 30144
Item 2(a). Name of Person Filing:
Commodore Applied Technologies, Inc.
Item 2(b). Address of Principal Business Office or, if None, Residence:
150 East 58th Street, Suite 3400
New York, New York 10155
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001 per share
Item 2(e). CUSIP No.:
202909 10 7
<PAGE>
CUSIP No. 202909 10 7 Page 4 of 7 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:
(a) |_| Broker or dealer registered under Section 15 of the Exchange Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) |_| Investment company registered under Section 8 of the Investment
Company Act.
(e) |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. |_|
<PAGE>
CUSIP No. 202909 10 7 Page 5 of 7 Pages
Item 4. Ownership
(a) Amount beneficially owned:
-0- shares(1)
(b) Percent of class:
0.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
-0-
(ii) Shared power to vote or to direct the vote
-0-
(iii) Sole power to dispose or to direct the disposition of
-0-
(iv) Shared power to dispose or to direct the disposition of
-0-
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 |X|.
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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(1) On December 23, 1998, Applied and Environmental entered into the
Agreement. Pursuant to this Agreement, effective on September 28, 1998,
Applied transferred 10,000,000 shares of Common Stock of the Issuer,
representing approximately 87% of the outstanding shares of Common Stock,
to Environmental as part of a plan to repay certain debt owed to
Environmental. As a result, Applied no longer beneficially owns any shares
of the Issuer's Common Stock.
<PAGE>
CUSIP No. 202909 10 7 Page 6 of 7 Pages
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
Not applicable.
<PAGE>
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.
COMMODORE APPLIED TECHNOLOGIES, INC.
Date: February 9, 1999 By: /s/ Paul E. Hannesson
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Paul E. Hannesson
Chairman of the Board, President,
and Chief Executive Officer
Page 7 of 7 Pages
