<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ADVANCED TECHNOLOGY INDUSTRIES, INC.
-----------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.0001 par value
-----------------------------------------------------------
(Title of Class of Securities)
00759X100
-------------------------------
(CUSIP Number)
Kurt Seifman
5 West 86th Street, New York, NY 10024
(212) 877-0055
-----------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 4, 2000
-----------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement or 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 / /.
Check the following box if a fee is being paid with the statement / /. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided a prior cover page.
The information required on 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
<PAGE>
This Amendment No. 1 amends the 13D filed by Kurt Seifman on November 8, 2000.
--------------------------------------------------------------------------------
CUSIP NO. 00759X100 13D Page 2 of 6 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kurt Seifman
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)/ /
(b)/ /
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
4,309,940
-------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 13,114,393
OWNED BY
EACH -------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 4,309,940
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,114,393
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,424,333
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 60.4%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
-------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 00759X100 13D Page 3 of 6 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ERBC Holdings Limited
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)/ /
(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
British Virgin Islands
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
-------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 13,114,393
OWNED BY
EACH -------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,114,393
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,114,393
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 45.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
Title of Class: Common Stock, par value $.0001
Issuer: Advanced Technology Industries, Inc.
Principal Executive Offices:
Taubenstrasse 20
Berlin, Germany D-10117
ITEM 2. IDENTITY AND BACKGROUND.
This statement is filed on behalf of Kurt Seifman and ERBC Holdings
Limited, hereinafter collectively referred to as "Reporting Parties". Mr.
Seifman is the sole beneficial shareholder of ERBC Holdings Limited.
(a) Kurt Seifman
(b) Mr. Seifman's residential address is 5 West 86th Street, New York,
NY, 10024
(c) Mr. Seifman is the Chairman of the Board of Directors of ERBC
Holdings Limited
(d) During the last five years, Mr. Seifman has not been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, Mr. Seifman has not been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
resulting in his being 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 violation with respect to such laws.
(f) Mr. Seifman is a United States citizen.
(a) ERBC Holdings Limited ("ERBC")
(b) The address of the company is c/o Finbar F. Dempsey & Company,
Cockburn House, Market Street, P. O. Box 70, Grand Turk, Turks & Caicos Islands,
British West Indies
(c) The company is engaged in the merchant banking business.
(d) During the last five years neither ERBC, nor, to the best of the
knowledge of ERBC, any director or executive officer of ERBC has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, neither ERBC, nor, to the best of the
knowledge of ERBC, any director or executive officer of ERBC has been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction resulting in his being 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 violation with respect to
such laws.
(f) ERBC is a British Virgin Islands corporation.
4
<PAGE>
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
ERBC has loaned the issuer money from time to time for the operations
of ATI and to provide ATI with working capital which loans currently total in
excess of $1,560,000. Issuer requested that ERBC convert $1,560,000 into
13,054,393 shares of ATI stock in full satisfaction of $1,560,000 of the
previously contracted debt. ERBC was willing to do so and on December 4, 2000
ERBC and the issuer entered into an agreement providing that $1,560,000 of the
previously contracted debt would be convertd to 13,054,393 shares of the $.0001
par value common stock of the issuer, extinguishing and satisfying $1,560,000 of
said debt. A copy of the Agreement is attached hereto as Exhibit 7.1. ERBC also
beneficially owns an additional 60,000 shares of issuer.
In addition, Mr. Seifman beneficially owns an additional 4,309,940
shares of issuer. This ownership was reported by Mr. Seifman on Schedule 13D
filed on November 8, 2000.
ITEM 4. PURPOSE OF TRANSACTION.
The issuer requested that ERBC consider converting a portion of its
indebtedness to common stock of the issuer which was agreeable to ERBC. Pursuant
to the Agreement ERBC is acquiring 13,054,393 shares of the issuer. Under the
Agreement ERBC is prohibited from transferring the shares for a period of two
years from the date of the Agreement without the consent of the issuer.
Mr. Seifman may enter into agreements with certain shareholders of
Bavaria Tech, Ltd., a Delaware corporation, to exchange shares of that company
for shares of issuer owned by Mr. Seifman. The Reporting Parties may formulate
other purposes, plans or proposals relating to any securities of the issuer
owned by the Reporting Parties to the extent deemed advisable in light of market
conditions, investment policies and other factors.
Except as indicated in this Schedule 13D, the Reporting Parties have no
present plans or proposals which relate to, or would result in, any of the
matters enumerated in subsections (a) through (j), inclusive, of Item 4 of
Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Mr. Seifman is the individual beneficial owner of 4,309,940 shares
of the issuer. Mr. Seifman is the sole beneficial owner of all of the
outstanding stock of ERBC.
(b) Mr. Seifman shares the power to vote or to direct the vote, to
dispose or to direct the disposition of those shares owned by ERBC.
(c) Within the last 60 days Mr. Seifman was granted a non-qualified
stock option to purchase 125,000 shares of the issuer. This transaction was
reported by Mr. Seifman on Schedule 13D filed on November 8, 2000. Within the
last 60 days, ERBC acquired 60,000 shares of issuer pursuant to an offering by
ATI on October 31, 2000. Other than the aforementioned transactions, the
Reporting Parties have not engaged in any transactions with respect to the
issuer's common stock in the past sixty days.
(d) Not applicable.
(e) Not applicable.
5
<PAGE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Except as described below, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) between Reporting Parties
and any person with respect to any securities of the issuer, including, but not
limited to, transfer or voting of any of the securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies.
On or about August 23, 2000 the issuer entered into an agreement with
Adrian and Dianna Joseph (the "Josephs") to issue 3,500,000 shares of its $.0001
par value common stock in consideration for the receipt of 3,500,000 shares of
the $.0001 par value common stock of Nurescell, Inc. owned by them. This
transaction is still in the process of being consummated and has not yet closed.
Incident to the transaction the issuer demanded that the Josephs enter into a
voting trust agreement under which the issuer would be the trustee. In lieu
thereof, the Josephs have offered to execute an irrevocable proxy to vote their
shares in the issuer for a period of five years and have proposed that Mr.
Seifman be named the proxy holder. However, this matter has not yet been
finalized. In the event Mr. Seifman becomes the proxy holder he will amend this
Form 13D to reflect the additional voting power.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
7.1 Conversion Agreement.
7.2 Copy of an Agreement between Kurt Seifman and ERBC to file this
Statement on Schedule 13D on behalf of each of them.
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: December 13, 2000 ERBC Holdings Limited
By /S/ Kurt Seifman
-----------------------------------
Kurt Seifman, Chairman of the Board
DATED: December 13, 2000 /S/ Kurt Seifman
-----------------------------------
Kurt Seifman
6
