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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
PRIME SERVICE, INC..
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(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
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(Title of Class of Securities)
74157E1
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(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).
(Continued on following page(s))
Page 1 of 5 Pages
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CUSIP No. 74157E1 13G Page 2 of 5 Pages
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<TABLE>
<S> <C> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EQUIPMENT INVESTMENTS LIMITED
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
NOT APPLICABLE (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
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5 SOLE VOTING POWER
1,756,887- SEE ITEM 4(c)(i)
NUMBER OF
SHARES -------------------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH -------------------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,756,887- SEE ITEM 4(c)(iii)
WITH
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,756,887
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
NOT APPLICABLE
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.28%
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12 TYPE OF REPORTING PERSON*
CO
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</TABLE>
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CUSIP No. 74157E1 13G Page 3 of 5 Pages
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The information contained herein is filed with respect to the Common
Stock, par value $0.01 per share (the "Common Stock"), of Prime Service,
Inc.("Prime") by Equipment Investments Limited (the "Reporting Person").
Item 1 (a) NAME OF ISSUER:
Prime Service, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
16225 Park Ten Place
Suite 200
Houston, Texas 77084
Item 2 (a) NAME OF PERSON FILING:
Equipment Investments Limited
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICES:
P.O. Box 1111
West Wind Building
Harbour Drive
George Town, Grand Cayman
British West Indies
(c) CITIZENSHIP:
See Cover Page Item 4.
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share.
(e) CUSIP NUMBER:
74157E1
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CUSIP No. 74157E1 13G Page 4 of 5 Pages
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Item 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
Inapplicable
Item 4. OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED:
See Cover Page Item 9. As of December 31, 1996, the Reporting
Person owned 1,756,887 shares of the Common Stock.
(b) PERCENT OF CLASS:
See Cover Page Item 11. The shares of the Common Stock
reported in paragraph (a) of this Item 4 as to which the
Reporting Person may be deemed to share beneficial ownership
constitutes 6.28% of the shares of the Common Stock, based on
a total of 27,991,544 shares reported by the Company to be
outstanding as of October 31, 1996.
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
The Reporting Person has sole power to vote or direct
the vote of 1,756,887 shares of the Common Stock.
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
See Cover Page Item 6.
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF:
The Reporting Person has sole power to dispose or
direct the disposition of 1,756,887 shares of the
Common Stock.
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
See Cover Page Item 8
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Inapplicable.
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CUSIP No. 74157E1 13G Page 5 of 5 Pages
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Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
To the knowledge of the Reporting Person, no other person is
known to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of
more than five percent of the Common Stock.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Inapplicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Inapplicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP:
Inapplicable.
Item 10. CERTIFICATION AND SIGNATURE:
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certifies that the information set
forth in this statement is true, complete and correct.
EQUIPMENT INVESTMENTS LIMITED
BY: THE DIRECTOR LIMITED, DIRECTOR
------------------------------------------- FEBRUARY 14, 1997
BY: SYDNEY J. COLEMAN
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TITLE: AUTHORIZED REPRESENTATIVE
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