UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C.
SWIFTY CARWASH & QUIK-LUBE, INC.
COMMON STOCK
CLASS A PURCHASE WARRANT
CUSIP NO. 870763 11 7
RACHEL STEELE, PRESIDENT, SECRETARY
17521 CRAWLEY ROAD, ODESSA, FL 33556
January 22, 1999
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 [ ].
*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).
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(1) NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Raymond Lipsch ###-##-####
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) /./
(b) /X/
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
PF
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) /NA/
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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(7) SOLE VOTING POWER
..............634,560..............
NUMBER OF SHARES
(8) SHARED VOTING POWER
BENEFICIALLY OWNED BY
EACH REPORTING PERSON .................0.................
WITH
(9) SOLE DISPOSITIVE POWER
..............634,560..............
(10) SHARED DISPOSITIVE POWER
..................0.................
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
634,560
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(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) /NA/
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8%
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(14) TYPE OF REPORTING PERSON (See Instructions)
IN
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Item 1. Security and Issuer.
This schedule relates to shares of Common Stock with a par value of $.01 and
Purchase Warrants redeemable at $7.25 of Swifty Carwash & Quik-Lube, Inc. (the
"Issuer") The Issuer's principal executive office is located at 17521 Crawley
Road, Odessa, Florida 33556. The Company's President and Secretary is Rachel L.
Steele. Raymond Lipsch is Vice-President. Raymond Lipsch is Treasurer, CFO and
CEO of the Company.
Item 2. Identity and Background.
(a) Raymond Lipsch; (b) Residence: 19522 Michigan Avenue, Odessa, Florida 33556;
(c) Mr. Lipsch' principal business is as a sales representative for AvMed in
Gainesville, Florida; (d) Mr. Lipsch has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) in the last
five years; (e) Mr. Lipsch has not been a party to a civil proceeding involving
state or federal securities laws or violations thereof in the last five
years.(f) Mr. Lipsch is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
The funds were from personal funds. Some of the funds were obtained for the
purpose of purchasing and holding securities.
Item 4. Purpose of Transaction.
The purpose of purchases of securities by Mr. Lipsch is investment. The
reporting person intends to continuously review his position in Swifty Carwash &
Quik-Lube, Inc. and may, depending upon the evaluation of the Company's business
and prospects, as well as upon future developments, price, availability of
shares and other factors, determine to increase, decrease or eliminate his
position in the Company. The reporting person is not considering any plans or
proposals which relate to or would result in: (a) the acquisition or disposition
by any person of additional securities of the issuer other than general
knowledge that the issuer's securities are the subject of a public offering
where its securities will be sold and purchased; (b) an extraordinary corporate
transaction, such as a merger, reorganization, or liquidation, involving the
Company or any of its subsidiaries; (c) a sale or transfer of a material amount
of assets of the Company or any of its subsidiaries; (d) any change in the
Company's Board of Directors or management; (e) any material change in the
present capitalization or dividend policy of the Company; (f) any material
change in the Company's business, corporate structure, charter or by-laws; (g)
any change in the issuer's charter, bylaws or instruments which would impede the
acquisition of control of the Company by any person; (h) any class of securities
of the Company to be delisted; (i) the Company's common stock to be eligible to
be deregistered under the Securities Exchange Act of 1934; or (j) any action
similar to those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Lipsch directly beneficially owns an aggregate interest of 7% in the
Company with a total of 611,520 common shares and 23,040 Purchase Warrants. The
Issuer has a total of 50,000,000 common shares authorized. As of November 30,
1998, 8,394,120 shares and 318,240 Purchase Warrants were outstanding. All but
159,120 shares are restricted under Rule 144. Mr. Lipsch owns 11,520 shares and
23,040 Purchase Warrants that are unrestricted. (b) Mr. Lipsch has the power to
vote all shares owned in the Company and to dispose or to direct the disposition
of those shares; (c) No transactions were effected during the last 60 days; (d)
Mr. Lipsch has the right to receive dividends from all of his shares. He has the
power to direct the distribution of shares in the Company as an officer,
director and voting shareholder; (e) NA.
Item 6. Contracts, Arrangements, Undertakings or Relationships with Respect to
Securities of the Issuer.
None.
Item 7. Materials to Be Filed as Exhibits.
None.
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/ Raymond Lipsch
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Date: December 15, 1998 Raymond Lipsch, CEO,CFO and Treasurer
