SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
International Dispensing Corporation
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
459407 10 2
(CUSIP Number)
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SCHEDULE 13G
CUSIP No. 459407 10 2
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ReSeal Dispensing Corporation
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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
Florida
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5) SOLE VOTING POWER
2,225,000
NUMBER ----------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES N/A
BENEFICIALLY ----------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 2,225,000
REPORTING ----------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH N/A
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,225,000
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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)
23.3%
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12) TYPE OF REPORTING PERSON
CO
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ITEM 1(A). NAME OF ISSUER:
International Dispensing Corporation
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
342 Madison Avenue, Suite 1034, New York, NY 10173
ITEM 2(A). NAME OF PERSON FILING:
ReSeal International Corporation
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
342 Madison Avenue, New York, NY 10173
ITEM 2(C). CITIZENSHIP:
Florida
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $0.001 par value (the "Common Stock")
ITEM 2(E). CUSIP NUMBER:
459407 10 2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 2,225,000 shares
(b) Percent of class: 23.3%
(c) Number of shares as to which filer has:
(i) Sole power to vote or to direct the vote 2,225,000
(ii) Shared power to vote or to direct the vote
Not Applicable
(iii) Sole power to dispose or to direct the disposition of
2,225,000
(iv) Shared power to dispose or to direct the disposition
of Not Applicable
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable
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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 knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: April 4, 1997
RESEAL INTERNATIONAL CORPORATION
By: /s/ Oliver Richardson
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Name: Oliver Richardson
Title: President
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