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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Maintenance Depot, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
560914 10 3
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(CUSIP Number)
Chris Hansen, Esq., 4275 Executive Square, Suite 800, La Jolla, CA 92037
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
10-25-00 (Issuer's Effective Reporting date)
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(Date of Event which Requires Filing of this Statement)
CUSIP No. 560914 10 3
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Solana Venture Group, L.P.
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
Not Applicable.
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3. SEC Use Only
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4. Source of Funds (See Instructions)
WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items (2)(d) or 2(e) [X]
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6. Citizenship or Place of Organization
California
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Number of 7. Sole Voting Power: 558,663 shares
Shares ------------------------------------------------------------
Beneficially 8. Shared Voting Power
Owned by ------------------------------------------------------------
Each 9. Sole Dispositive Power: 558,663 shares
Reporting ------------------------------------------------------------
Person With 10. Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person:
558,663 shares
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13. Percent of Class Represented by Amount in Row (11):
21%
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14. Type of Reporting Person (See Instructions):
PN
Item 1. SECURITY AND ISSUER
Common Stock, Maintenance Depot, Inc., Maintenance Depot, 516 Monceaux Rd.,
West Palm Beach, FL 33405.
Item 2. IDENTITY AND BACKGROUND
(a) Solana Venture Group, L.P.;
(b) 990 Highland Dr., Suite 110-V, Solana Beach, CA;
(c) Investment Partnership;
(d) No;
(e) No;
(f) California
(a) Solana Capital Partners, Inc., California
(b) 990 Highland Dr., Suite 110-V, Solana Beach, CA;
(c) General Partner;
(d) No;
(e) No;
(f) California
(a) Rick Adams
(b) 990 Highland Dr., Suite 110-V, Solana Beach, CA;
(c) Chief Executive Officer of General Partner;
(d) No;
(e) No;
(f) U.S.
(a) Jim Cavataio
(b) 990 Highland Dr., Suite 110-V, Solana Beach, CA;
(c) Chief Operating Officer of General Partner;
(d) No;
(e) No;
(f) U.S.
(a) Luke D'Angelo
(b) 990 Highland Dr., Suite 110-V, Solana Beach, CA;
(c) Managing Director and Chief Financial Officer;
(d) No;
(e) Mr. D'Angleo entered into an offer of settlement with the
National Association of Securities Dealers ("NASD") in August
of 1996 wherein the NASD fined him and barred him from
association with any NASD member until the fine is paid and an
application to associate with an NASD member is submitted. The
proceedings arose from allegations by the NASD that Mr. D'Angleo,
while working for an NASD member, solicited loans from at least
five customers without disclosing this fact to the member, and
subjected the customers to serious risk by failing to disclose
material information to such customers.
In August of 1997, the California Department of Corporations
filed two Desist and Refrain Orders, ordering Mr. D'Angelo to
desist and refrain from selling securities unless they are
qualified or exempt and to desist and refrain from acting as a
broker-dealer unless he is licensed or exempt.
(f) U.S.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The securities were purchased by the partnership through a securities purchase
agreement wherein the partnership paid in cash. Pursuant to the securities
purchase agreement, the partnership may purchase more securities once the
Issuer meets certain milestones. (Please see Exhibit 2, "Securities Purchase
Agreement")
Item 4. PURPOSE OF TRANSACTION
The transaction's purpose was for investment
State the purpose or purposes of the acquisition of securities of the issuer.
Describe any plans or proposals which the reporting persons may have which
relate to or would result in:
(a) Pursuant to Exhibit 2, Solana Venture Group, L.P. may purchase
more securities of the Issuer once certain milestones have been
met;
(b) Not Applicable;
(c) Not Applicable;
(d) Pursuant to Exhibit 2, a representative of Solana Venture Group,
L.P. shall serve on the board of the Issuer until Solana Venture
Group, L.P.'s ownership in the company falls below a certain
amount;
(e) Not Applicable;
(f) Not Applicable;
(g) Pursuant to Exhibit 2, the board of directors must decide
unanimously on the election of board members;
(h) Not Applicable;
(i) Not Applicable;
(j) Not Applicable;
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) 558,663 shares, comprising 21% of the Issuer's common stock.
(b) Solana Capital Partners, Inc., acting as General Partner to
Solana Venture Group, L.P. has sole power to vote the shares.
(c) Not Applicable.
(d) Not Applicable.
(e) Not Applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
Solana Capital Partners, Inc., pursuant to the limited partnership agreement,
shall receive 20% of any profit above a 6% return to limited partners, derived
from the partnership's holdings.
Item 7. MATERIAL TO BE FILED AS EXHIBITS
Please see Exhibit 2, securities purchase agreement.
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.
October 27, 2000
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Date
/S/ Rick Adams
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Signature
Rick Adams, Chief Executive Officer of General Partner
Solana Capital Partners, Inc.
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Name/Title
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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