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)
Michael Osso
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. / /
<PAGE>
SCHEDULE 13D
CUSIP NO. 247348-10-5
-----------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Michael Osso
_________________________________________________________________
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 2,425,000 (17.7%)
BENEFICIALLY
OWNED BY __________________________________
EACH
REPORTING 8. SHARED VOTING POWER 0
PERSON WITH
__________________________________
9. SOLE DISPOSITIVE POWER
2,425,000 (17.7%)
__________________________________
10. SHARED DISPOSITIVE POWER 0
____________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,425,000
<PAGE>
____________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES / /
____________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
____________________________________________________________
14. TYPE OF REPORTING PERSON
IN
____________________________________________________________
<PAGE>
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: Michael Osso
(b) Business address: 106 Bombay Lane
Roswell, Georgia 30076
(c) Present occupation or employment and business address:
President 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.
As of July 5, 1998, the reporting person is deemed to
beneficially own 2,425,000 Shares of Delsoft's Common Stock
by virtue of holding presently exercisable options to purchase
that number of shares. The options were granted to the reporting
person by the Issuer in connection with his employment with the
Issuer. The aggregate purchase price for the shares would be
$1,450,000. 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 reporting person is deemed to own shares of common
stock by virtue of holding presently exercisable options.
The options were granted to the reporting person by the
Issuer for incentive 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.<PAGE>
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 2,425,000 shares of Delsoft Common
Stock, or 17.7% of the outstanding shares of Delsoft's Common
Stock, by virtue of his right to acquire such shares.
(b) Upon exercise of the options, the reporting person would have the
sole power to vote, direct the vote, dispose of or direct the
disposition of all of the shares reported as owned.
(c) None.
(d) Not applicble.
(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
<PAGE>
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/ Michael Osso
Michael Osso
