December 9, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attention: William Underhill
RE: Coral Development Corp.
File No. 333-6410
Dear Mr. Underhill:
Reference is made to the above Registration Statement.
As the Registrant was unable to complete a Rule 419 acquisition, as
originally contemplated, prior to 18 months (December 5, 1998) from
its original effective date, it is withdrawing the registration of
its shares.
Very truly yours,
Gerald A. Kaufman
GAK:jgc
As filed with the Securities and Exchange Commission on December 8, 1998
Registration Statement No. 333-6410
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Post-Effective Amendment No. 2
to
FORM SB-2
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
CORAL DEVELOPMENT CORP.
(Name of small business issuer in its charter)
Delaware 6770 11-3349762
(State or other (Primary Standard
jurisdiction of Industrial Classification (I.R.S. Employer
incorporation) Code Number) Identification)
Arthur Seidenfeld
240 Clarkson Avenue
Brooklyn, New York 11226
(718)469-3132
(Name, Address and telephone number of agent for service)
COPIES TO:
Gerald A. Kaufman
33 Walt Whitman Road
Huntington Station, New York 11746
(516)271-2055
(516)271-2488 (Fax Number)
Approximate date of proposed sale to the public:
As soon as practicable after the Registration Statement becomes effective.
On November 30, 1998, the Board of Directors of the Registrant
determined not to proceed with offering pursuant to Rule 419 as there would
not be sufficient time to complete the transaction before December 5, 1998.
As a result, the escrowed shares were re-delivered to Modern
Technology Corp. The Registrant intends to complete the merger with OmniComm
Systems, Inc. and its parent, Modern Technology Corp., will then distribute,
as a dividend, all its shares of the Registrant.
The Registrant hereby withdraws the 403,000 shares of its Common
Stock from registration under the Securities Act of 1933.
SIGNATURES
In accordance with the requirements of the Securities Act of 1933,
the Registrant certified that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form SB-2 and authorized this
Registration Statement or amendment to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New York and State of
New York on the 7th day of December, 1998.
CORAL DEVELOPMENT CORP.
By: Arthur Seidenfeld, President
In accordance with the requirements of the Securities Act of 1933,
this Registration Statement or amendment has been signed below by the
following persons in the capacities and on the dates indicated.
SIGNATURE
Arthur Seidenfeld President and Director
(Principal Executive, Accounting
and Financial Officer) December 7, 1998
Anne Seidenfeld Director December 7, 1998
