UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Reseal International Corporation (1)
599 Lexington Avenue
New York, New York 10022
2. Date of Event Requiring Statement (Month/Day/Year)
10/23/96
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL DISPENSING CORPORATION (IDND)
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
10/23/96
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
| | | |
Common Stock | 2,225,000(2) | D | |
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Common Stock | 75,000(3) | D | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
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Explanation of Responses:
(1) As of October 23, 1996, Greg Pardes, an individual owned 100% of ReSeal
Technologies and Advancements, Inc ("RT&A"), a Delaware corporation; RT&A owned
9.1% of ReSeal International Limited Partnership ("RILP"), a Delaware Limited
Partnership; RILP owned 99.5% of ReSeal International Corporation ("RIC"), a
Florida Corporation. As of December 3, 1998, Greg Pardes, an individual, owned
100% of RT&A; RT&A owned 9% of RILP; and RILP owned 3% of RIC.
(2) These securities are owned of record by RIC.
(3) These securities are owned of record by RT&A.
RESEAL INTERNATIONAL CORPORATION
/s/ Greg Pardes
By: --------------------
Name: Greg Pardes
Title: Chairman and CEO
** Signature of Reporting Person
DATE
2/2/99
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations
See 18 U.S.C. 1001 and 15 U.S. C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for
procedure
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2 of 5
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Joint Filer Information
Name: Greg Pardes
Address: 599 Lexington Avenue
New York, New York 10022
Designated Filer: ReSeal International Corporation
Issuer & Ticker
Symbol: International Dispensing Corporation (IDND)
Date of Event
Requiring Statement: 10/23/96
Signature: /s/ Greg Pardes
Page 3 of 5
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Joint Filer Information
Name: ReSeal Technologies and Advancements, Inc.
Address: 599 Lexington Avenue
New York, New York 10022
Designated Filer: ReSeal International Corporation
Issuer & Ticker
Symbol: International Dispensing Corporation (IDND)
Date of Event
Requiring Statement: 10/23/96
Signature: RESEAL TECHNOLOGIES AND ADVANCEMENTS, INC.
By: /s/ Greg Pardes
---------------
Name: Greg Pardes
Title: President
Page 4 of 5
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Joint Filer Information
Name: ReSeal International Limited Partnership
Address: 599 Lexington Avenue
New York, New York 10022
Designated Filer: ReSeal International Corporation
Issuer & Ticker
Symbol: International Dispensing Corporation (IDND)
Date of Event
Requiring Statement: 10/23/96
Signature: RESEAL INTERNATIONAL LIMITED PARTNERSHIP
By: /s/ Greg Pardes
---------------
Name: Greg Pardes
Title: President, Reseal Technologies and Advancements,
Inc.
Reseal Technologies and Advancements, Inc. is the
General Partner of Reseal International Limited
Partnership
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