SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ASD GROUP, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
001988 10 4
(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 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).
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SCHEDULE 13G
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CUSIP NO.001988 10 4 PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Gregory Horne
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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
United States
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5 SOLE VOTING POWER
NUMBER OF 178,104
SHARES -------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 178,104
WITH
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8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
178,104
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|X|
This amount excludes 197,407 shares of Common Stock owned by
Gary D. Horne, Mr. Gregory Horne's father. This amount also
excludes 85,706 shares of Common Stock owned by Marion L. Horne
Turcot, Mr. Gregory Horne's sister.
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.3%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
2 of 4 pages
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ITEM 1(A). NAME OF ISSUER: ASD GROUP, INC.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1 Industry Street
Poughkeepsie, New York 12603
ITEM 2(A). NAME OF PERSON FILING: Gregory Horne
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
1 Industry Street
Poughkeepsie, New York 12603
ITEM 2(C). CITIZENSHIP: See Item 4 of Cover Page
ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock
ITEM 2(E). CUSIP NUMBER: 001988 10 4
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: See Items 5-11 of Cover Page
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: Not Applicable
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
3 of 4 pages
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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.
Dated: February 10, 1998
/s/ GREGORY HORNE
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Gregory Horne
4 of 4 pages
