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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
INTEGRATED BUSINESS SYSTEMS AND SERVICES, INC.
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(Name of Issuer)
Common Stock, No Par Value Per Share
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(Title of Class of Securities)
45810X102
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(CUSIP Number )
December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No.: 45810X102 13G
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1. NAMES OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Stuart E. Massey
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER 5. SOLE VOTING POWER 1,302,500
OF
SHARES -----------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER -0-
OWNED
BY -----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 1,302,500
REPORTING
PERSON -----------------------------------------------------------
WITH: 8. SHARED DISPOSITIVE POWER -0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,302,500 (See Item 4(a))
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.35%
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12. TYPE OF REPORTING PERSON IN
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13G
This Amendment No.1 to Schedule 13G is being filed pursuant to Rule
13d-2(b) under the Securities Exchange Act of 1934, as amended. The initial
statement on Schedule 13G (the "Statement") was filed on February 12, 1999 by
Stuart E. Massey with respect to the common stock, no par value per share (the
"Common Stock"), of Integrated Business Systems and Services, Inc. (the
"Company"). The Statement is hereby amended by amendment to Item 4, Ownership,
as follows:
ITEM 4. OWNERSHIP.
Items 4(a), (b), and (c) of the Statement are hereby amended
by deleting the language contained under Items 4(a), (b), and
(c) of the Statement and substituting in their place the
following:
"(a) Amount Beneficially Owned:
Stuart E. Massey has direct ownership of 1,302,500
shares of Common Stock. This amount includes
1,200,000 shares held in an escrow account which may
be released upon satisfaction of certain conditions,
and 7,000 shares that Mr. Massey has the right to
acquire pursuant to currently exercisable options
granted to Mr. Langley by the Company.
(b) Percent of Class: 12.35%
(c) Number of shares of Common Stock as to which Stuart
E. Massey has:
(i) sole power to vote or to direct the vote: 1,302,500
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: 1,302,500
(iv) shared power to dispose or to direct the
disposition of: -0-"
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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.
/s/ STUART E. MASSEY
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Stuart E. Massey
Date: February 10, 2000
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