SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
DELSOFT CONSULTING, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
247348-10-5
---------------
(CUSIP Number)
Jeffrey A. Rinde
106 Bombay Lane
Roswell, Georgia 30076
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 5, 1998
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement of 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. / /
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SCHEDULE 13D
CUSIP NO. 247348-10-5
-----------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Jeffrey A. Rinde
_________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
_________________________________________________________________
3. SEC USE ONLY
______________________________________________________________________
4. SOURCE OF FUNDS*
PF
_________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
______________________________________________________________________
6. CITIZENSHIP
United States of America
______________________________________________________________________
NUMBER OF 7. SOLE VOTING POWER
SHARES 2,412,837 (21.1%)
BENEFICIALLY
OWNED BY __________________________________
EACH
REPORTING 8. SHARED VOTING POWER 0
PERSON WITH
__________________________________
9. SOLE DISPOSITIVE POWER
2,412,837 (21.1%)
__________________________________
10. SHARED DISPOSITIVE POWER 0
____________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,412,837
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____________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES / /
____________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.1%
____________________________________________________________
14. TYPE OF REPORTING PERSON
IN
____________________________________________________________
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Item 1. SECURITY AND ISSUER.
This statement relates to the Common Stock of Delsoft Consulting, Inc.
(the "Issuer"), with principal executive offices located at 106 Bombay
Lane, Roswell, Georgia 30076.
Item 2. IDENTITY AND BACKGROUND.
(a) Name: Jeffrey Rinde
(b) Business address: 106 Bombay Lane
Roswell, Georgia 30076
(c) Present occupation or employment and business address:
Chief Financial Officer, General Counsel and Director
Delsoft Consulting, Inc.
(d) Criminal proceedings: none.
(e) Securities related civil proceedings: none.
(f) Citizenship: United States of America
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The reporting person acquired 231,472 shares from the
Issuer in connection with his employment with the Issuer.
He paid approximately $139 for those shares out of personal
funds. In 1996 the company split its stock 10-1. After the
split the reporting person owned 2,314,720 shares. Prior
to the date of the event requiring the filing of this Schedule
13D the reporting person sold 101,883 shares, leaving a balance
of 2,212,837 shares. As of July 5, 1998, he is deemed to
beneficially own another 200,000 shares by virtue of holding
presently exercisable options that were granted to him by the
Issuer in connection with his employment with the Issuer. The
aggregate purchase price for the shares underlying the options
would be $250,000. The reporting person does not presently know
what would be the source of funds to be used to purchase those
shares upon exercise of the options.
Item 4. PURPOSE OF THE TRANSACTION.
The shares of common stock owned by the reporting person were
acquired for, and are being held for, investment purposes.
The reporting person has no plan or proposal which relates to or
could result in, any of the actions enumerated in item 4 of the
instruction to Schedule 13D.
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Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of July 5, 1998, the reporting person is deemed to be the
beneficial owner of 2,412,837 shares of Delsoft Common Stock,
or 21.1% of the outstanding shares of Delsoft's Common Stock.
(b) As of July 5, 1998, the reporting person had and would have upon
exercise of his options, if exercised as of that date, the sole
power to vote, direct the vote, dispose of or direct the
disposition of all the shares of Delsoft Common Stock reported as
owned.
(c) The reporting person sold 10,000 shares of Delsoft Common Stock
through a broker-dealer on the over-the-counter market on May 8,
1998. The shares were sold at $1.4375 per share.
(d) Not Applicable.
(e) Not Applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
None
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
N/A
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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.
Date: February 5, 1999
/s/ Jeffrey A. Rinde
Jeffrey A. Rinde