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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
AMERICAN QUANTUM CYCLES, INC.
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(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
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(Title of Class of Securities)
02914P-10-5
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(CUSIP Number)
Check the appropriate box to designate the Rule pursuant to which this Schedule
is filed:
X Rule 13d-1(c)
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*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 6 Pages
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SCHEDULE 13G
CUSIP No. 02914-P-10-5 Page 2 of 6 Pages
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(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norbert Zeelander
S.S.# ###-##-####
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) (X)
(b) ( )
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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(5) SOLE VOTING POWER
38,000 shares
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(6) SHARED VOTING POWER
NUMBER
OF SHARES ------------------------------------
BENEFICIALLY (7) SOLE DISPOSITIVE POWER
OWNED BY EACH
REPORTING 38,000 shares
PERSON ------------------------------------
WITH (8) SHARED DISPOSITIVE POWER
------------------------------------
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,000 shares
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* ( )
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.6%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13G
CUSIP No. 02914-P-10-5 Page 3 of 6 Pages
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(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mathers Associates
EIN 23-2629222
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) (X)
(b) ( )
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A. (Pennsylvania)
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(5) SOLE VOTING POWER
670,000 shares
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(6) SHARED VOTING POWER
NUMBER
OF SHARES ------------------------------------
BENEFICIALLY (7) SOLE DISPOSITIVE POWER
OWNED BY EACH
REPORTING 670,000 shares
PERSON ------------------------------------
WITH (8) SHARED DISPOSITIVE POWER
------------------------------------
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
670,000 shares
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* ( )
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.6%
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(12) TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13G
CUSIP No. 02914-P-10-5 Page 4 of 6 Pages
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(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Susquehana Holdings Corp.
EIN ###-##-####
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) (X)
(b) ( )
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A. (Delaware)
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(5) SOLE VOTING POWER
359,000 shares
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(6) SHARED VOTING POWER
NUMBER
OF SHARES ------------------------------------
BENEFICIALLY (7) SOLE DISPOSITIVE POWER
OWNED BY EACH
REPORTING 359,000 shares
PERSON ------------------------------------
WITH (8) SHARED DISPOSITIVE POWER
------------------------------------
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
359,000 shares
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* ( )
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
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(12) TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 02914-P-10-5 Page 5 of 6 Pages
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Item 1 (a) Name of Issuer
American Quantum Cycles, Inc.
Item 1 (b) Address of Issuer's Principal Executive Offices
731 Washburn Road, Melbourne, FL 32934
Item 2 (a) Name of Person Filing
(i) Norbert Zeelander
(ii) Mathers Associates
(iii) Susquehana Holdings Corp.
Item 2 (b) Address of Principal Business Office or, if none, Residence
(i) 230 Mathers Road, Ambler, PA 19002
(ii) same
(iii) same
Item 2 (c) Citizenship:
(i) U.S.A.
(ii) U.S.A. (Pennsylvania)
(iii) U.S.A. (Delaware)
Item 2 (d) Title of Class of Securities:
Common Stock, $.001 par value
Item 2 (e) CUSIP Number: 02914-P-10-5
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Item 3 If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c):
Not applicable
Item 4 Ownership
(a) Amount Beneficially Owned (aggregate for Group): 1,067,584 Shares
(b) Percent of Class (aggregate for Group): 18.5%
(c) Cover Page items (5) - (9) and (11) are incorporated by reference.
Norbert Zeelander (i) is the sole shareholder of Susquehana Holding Corp., (ii)
is the sole general partner of Mathers Associates, and (iii) has an
approximately 11% beneficial interest in Mathers Associates.
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CUSIP No. 02914-P-10-5 Page 6 of 6 Pages
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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
Security Being Reported on By the Parent Holding Company
Not applicable
Item 8 Identification and Classification of Members of a Group
Not applicable
Item 9 Notice of Dissolution of Group
Not applicable
Item 10 Certification
Insert
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
January 4, 1999 /s/ Norbert Zeelander
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Date Signature
Norbert Zeelander
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Name/Title
MATHERS ASSOCIATES
By: /s/ Norbert Zeelander
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Norbert Zeelander, General Partner
SUSQUEHANA HOLDINGS CORP.
By: /s/ Norbert Zeelander
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Norbert Zeelander, President
