UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.1)*
Vitech America, Inc.
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(Name of Issuer)
Common Stock (no par value)
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(Title of Class of Securities)
928489103
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(CUSIP Number)
Joel D. Mayersohn, Esq., Atlas, Pearlman, Trop, & Borkson, P.A.,
200 East Las Olas Boulevard, Suite 1900, Fort Lauderdale, Florida 33301
(954) 763-1200
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 25, 1997
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class).
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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 13D
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CUSIP No. 928489103 Page 2 of 6 Pages
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1 | NAME OF REPORTING PERSON
| S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
| GEORGES ST. LAURENT, JR.
| ###-##-####
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
| (b)|X|
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3 | SEC USE ONLY
|
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4 | SOURCE OF FUNDS*
|
| PERSONAL FUNDS
|
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5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2|_|
|
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6 | CITIZENSHIP OR PLACE OF ORGANIZATION
|
| UNITED STATES OF AMERICA
|
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Number of | 7 SOLE VOTING POWER 877,309 SHARES OF COMMON STOCK
Shares |
Beneficially |
Owned by |
Each |
Reporting |
Person |
With |
|------------------------------------------------------------------------------
| 8 SHARED VOTING POWER
|------------------------------------------------------------------------------
| 9 SOLE DISPOSITIVE POWER 877,309 SHARES OF COMMON STOCK
|------------------------------------------------------------------------------
| 10 SHARED DISPOSITIVE POWER
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11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| 877,309 SHARES OF COMMON STOCK
|
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12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
|
|
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13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
| 8.2% (BASED ON COMMON STOCK OUTSTANDING AT MAY 8, 1997)
|
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14 | TYPE OF REPORTING PERSON*
|
| INDIVIDUAL
|
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
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CUSIP No. 928489103 Page 3 of 6 Pages
ATTACHMENT
ITEM 1. SECURITY AND ISSUER
This report relates to the Common Stock (no par value per share) of Vitech
America, Inc. (the "Company") whose principal office is located at 8807
Northwest 23rd Street, Miami, Florida 33172.
ITEM 2. IDENTITY AND BACKGROUND
(a) Name: Georges St. Laurent, Jr.
(b) Business Address: 12655 Southwest Center Street, Suite 500,
Beaverton, Oregon 97005
(c) Present Principal Occupation: CEO of Western Bank, Oregon
(d) Convictions: None
(e) Suits and Proceedings: None
(f) Citizenship: U.S.A.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The acquisition of securities described previously was derived from the
personal funds of Georges St. Laurent, Jr.
ITEM 4. PURPOSE OF THE TRANSACTION
Georges St. Laurent, Jr. acquired the aforementioned securities for
investment purposes only and not with the purpose or intent of acquiring control
of the Company.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Georges St. Laurent, Jr. would be deemed to be the beneficial owner of
877,309 shares of Common Stock of the Company. Georges St. Laurent, Jr. has the
sole power to vote and to dispose of the above securities. Georges St. Laurent,
Jr. has purchased the Company's Common Stock as follows:
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CUSIP No. 928489103 Page 4 of 6 Pages
No. of Shares Date Purchased
100,000 11/1/96
10,000 11/5/96
593,309 From Note conversion on 11/13/96
10,000 11/14/96
10,000 12/30/96
10,000 12/30/96
10,000 12/31/96
10,000 12/31/96
20,000 4/2/97
20,000 4/3/97
7,500 4/4/97
12.500 4/9/97
10,000 4/22/97
41,000 4/25/97
13,000 5/2/97
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Georges St. Laurent, Jr. is the father of Georges St. Laurent, III, the
Company's Chief Executive Officer and is also the father of William St. Laurent,
the President of the Company. Georges St. Laurent, Jr. is the holder of a
Promissory Note, dated December 17, 1996, wherein the Company is to pay Georges
St. Laurent, Jr. $5,000,000 within 180 days from the date of the Promissory
Note. Georges St. Laurent, Jr. is also the holder of a Promissory Note, dated
April 10, 1997, wherein the Company is to pay Georges St. Laurent, Jr.
$5,000,000 within 180 days from the date of the Promissory Note.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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CUSIP No. 928489103 Page 5 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: May 16, 1997 /s/ Georges St. Laurent, Jr.
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Georges St. Laurent, Jr.
