UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. . . .)
IMAGEMAX, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45245V 10 1
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(CUSIP Number)
February 15, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
<PAGE>
CUSIP NO. 45245V 10 1 13G Page 2 of 5 Pages
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only): Dime Capital Partners, Inc.
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(2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)
_________ (b) ___________
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: New Jersey
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Number of Shares Beneficially Owned by Each (5) Sole Voting Reporting Person
With Power: 1,228,571* (6) Shared Voting Power: -- (7) Sole Dispositive Power:
1,228,571* (8) Shared Dispositive Power: --
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,228,571*
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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(11) Percent of Class Represented by Amount in Row (9): 15.6%*
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(12) Type of Reporting Person (See Instructions): CO
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* Dime Capital Partners, Inc. is the holder of a Convertible Subordinated
Promissory Note (the "Note"), dated February 15, 2000, issued to Dime Capital
Partners, Inc. by ImageMax, Inc. and certain subsidiaries of ImageMax, Inc.
Pursuant to the express terms of the Note, Dime Capital Partners, Inc. has the
right to acquire 1,228,571 shares of common stock, no par value (the "Common
Stock"), of ImageMax, Inc. upon conversion of the principal amount of the Note
at the conversion price of $3.50 per share. As a result, Dime Capital Partners,
Inc. is the beneficial owner (as defined in Rule 13d-3(a) of the Securities
Exchange Act of 1934, as amended) of 1,228,571 shares of Common Stock of
ImageMax, Inc. In addition, Dime Capital Partners, Inc. has the right to acquire
additional shares of Common Stock upon the conversion of accrued interest under
the Note.
<PAGE>
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CUSIP NO. 45245V 10 1
Item 1(a). Name of Issuer: ImageMax, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices: 455 Pennsylvania
Avenue, Suite 128, Fort Washington, Pennsylvania 19034
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Item 2(a). Name of Person Filing: Dime Capital Partners, Inc.
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Item 2(b). Address of Principal Business Office or, if none, Residence: 1401
Valley Road, Third Floor, Wayne, NJ 07470
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Item 2(c). Citizenship: New Jersey
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Item 2(d). Title of Class of Securities: Common Stock, no par value
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Item 2(e). CUSIP No.: 45245V 10 1
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Item 3. If This Statement Is Filed Pursuant toss.240.13d-1(b) or 240.13d-2(b)
or (c), check whether the Person Filing is a
(a) [ ] Broker or Dealer registered under Section 15 of the Act (15
U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c);
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c);
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An Investment Adviser in accordance with ss.240.13d-1(b)(1)-
(ii)(E);
(f) [ ] An Employee Benefit Plan or Endowment Fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
<PAGE>
(g) [ ] A Parent Holding Company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G);
(h) [ ] A Savings Associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance withss.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
(a) Amount Beneficially Owned:
1,228,571*
(b) Percent of Class:
15.6%*
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote 1,228,571*
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(ii) shared power to vote or to direct the vote --
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(iii) sole power to dispose or to direct the disposition of
1,228,571*
(iv) shared power to dispose or to direct the disposition of --
-------
_________________
*Dime Capital Partners, Inc. is the holder of the Note. Pursuant to the express
terms of the Note, Dime Capital Partners, Inc. has the right to acquire
1,228,571 shares of Common Stock of ImageMax, Inc. upon conversion of the
principal amount of the Note at the conversion price of $3.50 per share. As a
result, Dime Capital Partners, Inc. is the beneficial owner (as defined in Rule
13d-3(a) of the Securities Exchange Act of 1934, as amended) of 1,228,571 shares
of Common Stock of ImageMax, Inc. In addition, Dime Capital Partners, Inc. has
the right to acquire additional shares of Common Stock upon the conversion of
accrued interest under the Note.
<PAGE>
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
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 the Group. Not
Applicable
Item 9. Notice of Dissolution of Group. Not Applicable
Item 10. Certification. By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
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.
Dated: April 13, 2000 DIME CAPITAL PARTNERS, INC.
By: /s/ Stephen M. Lane
Name: Stephen M. Lane
Title: President
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001).
