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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
ASI SOLUTIONS INCORPORATED
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(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
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(Title of Class of Securities)
00000206F1
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(CUSIP Number)
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SCHEDULE 13G
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CUSIP NO. 00000206F1 PAGE 2 OF 5 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bernard F. Reynolds
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 2,577,602
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,577,602
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,577,602
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
10 [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11
40.0%
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TYPE OF REPORTING PERSON*
12
IN
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CUSIP NO. 00000206F1 13G PAGE 3 OF 5 PAGES
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ITEM 1 (A). NAME OF ISSUER
ASI Solutions Incorporated
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ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
780 Third Avenue, New York, New York 10017
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ITEM 2(A). NAME OF PERSON FILING
Bernard F. Reynolds
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ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
ASI Solutions Incorporated, 780 Third Avenue, New York, New York 10017
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ITEM 2(C). CITIZENSHIP
United States
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ITEM 2(D). TITLE OF CLASS OF SECURITIES
Common Stock, Par Value $0.01 Per Share
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ITEM 2(E). CUSIP NUMBER
00000206F1
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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 IS FILING IS A:
Not applicable
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CUSIP NO. 00000206F1 13G PAGE 4 OF 5 PAGES
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ITEM 4. OWNERSHIP
(a) Amount beneficially owned: 2,577,602
(b) Percent of class: 40.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,577,602
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of : 2,577,602
(iv) shared power to dispose or to direct the disposition of : 0
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
SECURITIES 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
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CUSIP NO. 00000206F1 13G PAGE 5 OF 5 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
as of December 31, 1997.
Dated: 5/20/98 By: /s/ Bernard F. Reynolds
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Name: Bernard F. Reynolds
Title: Chairman and Chief Executive Officer
of ASI Solutions Incorporated
