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.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
928430107
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 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:
[X] Rule 13d-1(b)
[ ] 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 6 pages
<PAGE>
CUSIP No. 928430107 13G Page 2 of 7 Pages
--------- --- ---
- --------------------------------------------- -------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE BESSEMER GROUP, INCORPORATED*
13-3093730
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -300,000 shs.
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
300,000 shs.
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
300,000 shs.
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- ------------ -------------------------------------------------------------------
*The shares reported on this page include the shares reported on page 3, as The
Bessemer Group, Incorporated is the parent of the other reporting person.
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 6 Pages
<PAGE>
CUSIP No. 928430107 13G Page 3 of 6 Pages
--------- --- ---
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BESSEMER TRUST COMPANY
22-0770670
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
300,000 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 300,000 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BK
- ------------ -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 6 Pages
<PAGE>
CUSIP No. 928430107 13G Page 4 of 6 Pages
--------- --- ---
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), (b) and (c) Name of Persons Filing, Address of Principal Business
-----------------------------------------------------
Office and Citizenship:
-----------------------
The Bessemer Group, Incorporated ("BGI"), as a parent holding
company, and Bessemer Trust Company ("BTC"). BTC is wholly owned by BGI.
BTC is a trust company that manages accounts for the benefit
of others. The holder of the securities referred to in this statement is a trust
for the benefit of a client of BTC, of which BTC is trustee or co-trustee.
BGI and BTC each has its principal business office at 100
Woodbridge Center Drive, Woodbridge, New Jersey
07095-0980.
BGI is a corporation organized under the laws of Delaware. BTC
is a bank organized under the laws of New Jersey.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
928430107
Page 4 of 6 Pages
<PAGE>
CUSIP No. 928430107 13G Page 5 of 6 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), (c) through (f), (h) through (j) not applicable.
(b) [X] Bank as defined in ss. 3(a)(6) of the Act, as to BTC.
(g) [X] Parent holding company or control person, in
accordance with Rule 13d-1(b)(1)(ii)(G), as to BGI.
Item 4. Ownership
Items 5 through 9 and Item 11 of Pages 2 and 3 of this
Statement are incorporated herein by reference.
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 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
Items 1 and 12 of page 3 of this Statement are incorporated
herein by reference.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Page 5 of 6 Pages
<PAGE>
CUSIP No. 928430107 13G Page 6 of 6 Pages
--------- --- ---
Item 10. Certification
By signing below, the undersigned certify that, to the best of
the knowledge and belief of the undersigned, 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 such securities and were not acquired
are not held in connection with or as a participant in any transaction having
that purpose or effect.
Item 11. Signatures
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: February 1, 1999
THE BESSEMER GROUP, INCORPORATED
By: /s/ Richard R. Davis
------------------------------
Name: Richard R. Davis,
Title: Executive Vice President
BESSEMER TRUST COMPANY
By: /s/ Richard R. Davis
------------------------------
Name: Richard R. Davis,
Title: Executive Vice President
Page 6 of 6 Pages
