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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. 1)*
Visual Edge Systems, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
928430 10 7
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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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SCHEDULE 13G
CUSIP NO. 928430 10 7
1) Name of Reporting Person/S.S. or I.R.S. Identification No.
Barry R. Minsky
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2) Check the Appropriate Row 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
United States Citizen
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Number of 5) Sole Voting Power
Shares 183,800
Beneficially ----------------------------------------------------
Owned by 6) Shared Voting Power
Each -0-
Reporting Person ----------------------------------------------------
With 7) Sole Dispositive Power
183,800
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8) Shared Dispositive Power
-0-
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9) Aggregate Amount Beneficially Owned by Reporting Person
183,800
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10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______________________
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11) Percent of Class Represented by Amount in Row (9)
1.8%
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12) Type of Reporting Person
IN
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ITEM 1.
(a) Name of Issuer: Visual Edge Systems, Inc.
(b) Address of Issuer's Principal Executive Offices:
2424 North Federal Highway, Suite 100
Boca Raton, Florida 33431
ITEM 2.
(a) Name of Person Filing: Barry R. Minsky
(b) Address of Principal Business Office or, if None,
Residence:
545 Madison Avenue
New York, New York 10022
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 928430 10 7
ITEM 3. This statement is filed pursuant to Rule 13d-1(c).
Accordingly, Items 3(a) through 3(h) are inapplicable.
ITEM 4. Ownership.
(a) Amount beneficially owned as of August 24, 1998:
183,000 shares (the shares are owned of record by Greenwich
Properties, Inc., a company wholly controlled by the reporting person)
(b) Percent of Class
1.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
183,800 shares
(ii) shared power to vote or direct the vote:
-0-
(iii) sole power to dispose or direct the disposition of:
183,800
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(iv) shared power to dispose or direct the disposition of:
-0-
ITEM 5. Ownership of Five Percent or Less of a Class.
The reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities.
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.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
hereby certify that the information set forth in this statement is true,
complete and correct.
Dated: August 24, 1998
/s/ Barry R. Minsky
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Barry R. Minsky
