CUSIP NO. 051068104 Page 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------------------------------------------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
AUGUST PROJECT 1 CORP.
----------------------
(NAME OF ISSUER)
COMMON STOCK
------------
(TITLE OF CLASS OF SECURITIES)
051068104
(CUSIP NUMBER)
Earl T. Ingarfield, President
August Project 1 Corp.
22 South Links Avenue, Suite 204
Sarasota, Florida 34236
(941) 330-8051
--------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
Copy To:
Clayton E. Parker, Esq.
Kirkpatrick & Lockhart LLP
201 South Biscayne Boulevard, 20th Floor
Miami, Florida 33131
APRIL 10, 2000
--------------
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
<PAGE>
<TABLE>
<CAPTION>
CUSIP NO. 051068104 Page 2
SCHEDULE 13D
<S> <C> <C>
-------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Lido Capital Corporation
-------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ X ]
(b) [ ]
--------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
--------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
--------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 4,867,000
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
4,867,000
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,867,000
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( )
--------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP NO. 051068104 Page 3
<S> <C> <C>
--------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Earl T. Ingarfield
--------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ X ]
(b) [ ]
--------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
--------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 4,867,000
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
4,867,000
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,867,000
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
--------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP NO. 051068104 Page 4
<S> <C> <C>
--------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Jon Kochevar
--------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ X ]
--------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
SC
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
-------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 4,867,000
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
4,867,000
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,867,000
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
-----------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP NO. 051068104 Page 5
<S> <C> <C>
--------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
John Allen
--------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ X ]
--------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
SC
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
--------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 4,867,000
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
4,867,000
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,867,000
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( )
--------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP NO. 051068104 Page 6
ITEM 1. SECURITY AND ISSUER.
-------------------
This statement relates to shares of common stock, par value $0.001 per
share (the "SHARES"), of August Project 1 Corp., a Florida corporation (the
"ISSUER"). The principal executive office of the Issuer is located at 22 South
Links Avenue, Suite 204, Sarasota, Florida 34236.
ITEM 2. IDENTITY AND BACKGROUND.
-----------------------
(a)-(c), (f). This statement is being filed by: (i) Lido Capital
Corporation ("Lido"); (ii) Earl T. Ingarfield ("MR. INGARFIELD"); (iii) Jon
Kochevar ("MR. KOCHEVAR") and (iv) John Allen ("MR. ALLEN") (sometimes
collectively referred to herein as the "REPORTING PERSONS").
Mr. Ingarfield's principal business is the President of Avid Sportswear
& Golf Corp. His business address is 22 South Links Avenue, Suite 204, Miami,
Florida 34236. Mr. Ingarfield is a citizen of the United States of America.
Lido Capital Corporation is a Florida corporation. Its principal
business is investing in marketable securities. Mr. Ingarfield is the sole
director and shareholder and the principal officer of Lido. Its business address
is 22 South Links Avenue, Suite 204, Miami, Florida 34236.
Jon Kochevar's principal business is President of the Issuer. Mr.
Kochevar is a citizen of the United States of America.
John Allen's principal business is Vice President of the Issuer. Mr.
Allen is a citizen of the United States of America.
(d) and (e). During the last five years, none of Lido or Messrs.
Ingarfield, Kochevar or Allen have been (i) convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is the subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violations with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
-------------------------------------------------
As of the close of business on May 19, 2000, the Reporting Persons held in
the aggregate 14,601,000 Shares of which (i) 4,867,000 were purchased by Lido,
(ii) 4,867,000 were acquired by Mr. Kochevar pursuant to the acquisition of
USWEBAUCTIONS, INC., a Florida corporation ("USWEBAUCTIONS") and (iii) 4,867,000
were acquired by Mr. Allen pursuant to the acquisition of USWEBAUCTIONS.
Lido purchased its 4,867,000 Shares for an aggregate purchase price of
$150,000.00, all of which was provided by Lido's working capital.
<PAGE>
CUSIP NO. 051068104 Page 7
Mr. Kochevar acquired his 4,867,000 Shares pursuant to the terms of that
certain Stock Purchase Agreement (the "STOCK PURCHASE AGREEMENT"), dated April
10, 2000, between the Issuer, USWEBAUCTIONS, Mr. Kochevar and Mr. Allen, in
which the Issuer acquired all of the outstanding capital stock of USWEBAUCTIONS.
Mr. Allen acquired all of his 4,867,000 Shares pursuant to the terms of
the Stock Purchase Agreement.
ITEM 4. PURPOSE OF TRANSACTION.
----------------------
Each of the Reporting Persons acquired the Shares for investment in
connection and not with a view to, or for resale in connection with, any
distribution thereof, and none of the Reporting Persons has a present intention
of selling, granting any participation in, or otherwise distributing the Shares.
Except as set forth above, the Reporting Persons have no present plans or
intentions which would result in or relate to any transactions described in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
------------------------------------
(a)-(b) As of the close of business on May 25, 2000, each of the Reporting
Persons directly owned the number of Shares set opposite each person's name,
representing the percentage ownership set forth below:
NO. OF SHARES PERCENTAGE
REPORTING PERSON OF HOLDINGS OWNERSHIP
---------------- ----------- ---------
Lido Capital Corporation 4,867,000 33.0%
Jon Kochevar 4,867,000 33.0%
John Allen 4,867,000 33.0%
In addition, as of the close of business on May 25, 2000, Mr. Ingarfield
did not hold any Shares directly. As the sole shareholder and director and
principal officer of Lido, Mr. Ingarfield may be deemed to beneficially own the
Shares held by Lido.
Each of the Reporting Persons named above has the sole power to vote and
dispose of his or its Shares.
By reason of the provisions of Rule 13d-3 promulgated under the Securities
Exchange Act of 1934, as amended (the "ACT"), Lido and Mr. Ingarfield are deemed
to be a "group." By reason of the provisions of Rule 13d-5 under the Act, Lido
and Mr. Ingarfield may be deemed to own all Shares beneficially owned by the
other. Except as stated above, the Reporting Persons does not affirm the
existence of any group and disclaim beneficial ownership of Shares beneficially
owned by any other Reporting Person.
<PAGE>
CUSIP NO. 051068104 Page 8
(c) During the past sixty days, none of the Reporting Persons acquired
any Shares.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
------------------------
Each of the Reporting Persons named above has the sole power to vote and
dispose of his or its Shares. None of the Reporting Persons has any contracts,
arrangements, understandings or relationships (legal or otherwise) with any
person with respect to any securities of the Issuer, including, without
limitation, any contracts, arrangements, understandings or relationships
concerning the transfer or voting of such securities, finders fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits and losses or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
--------------------------------
Exhibit 1. Joint Filing Agreement
<PAGE>
CUSIP NO. 051068104 Page 9
SIGNATURE
---------
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each certifies that the information set forth in this
statement is true, complete and correct.
Dated: May 25, 2000 /s/ Earl T. Ingarfield
-------------------------------
Earl T. Ingarfield
/s/ Jon Kochevar
-------------------------------
Jon Kochevar
/s/ JOHN ALLEN
-------------------------------
John Allen
LIDO CAPITAL CORPORATION
By: /S/ Earl T. Ingarfield
-------------------------
Earl T. Ingarfield, President
<PAGE>
CUSIP NO. 051068104 Page 10
JOINT FILING AGREEMENT
----------------------
In accordance with Rule 13d-1(f) promulgated under the Securities Exchange
Act of 1934, as amended, the undersigned hereby agree to the joint filing with
all other Reporting Persons (as such term is defined in the Schedule 13D
referred to below) on behalf of each of them of a statement on Schedule 13D
(including amendments thereto) with respect to the common stock, par value
$0.001 per share, of August Project 1 Corp., a Florida corporation, and that
this Agreement may be included as an Exhibit to such joint filing. This
Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of
the 25th day of May, 2000.
/s/ Earl T. Ingarfield
--------------------------------
Earl T. Ingarfield
/s/ Jon Kochevar
--------------------------------
Jon Kochevar
/s/ John AlleN
--------------------------------
John Allen
LIDO CAPITAL CORPORATION
By: /s/ Earl T. Ingarfield
-----------------------------
Earl T. Ingarfield, President
