UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
SWIFTYNET.COM, INC.
COMMON STOCK
CUSIP NO.870763 10 9
Bruce Brashear, Esq.
Brashear & Associates, P.L.
926 N.W. 13th Street
Gainesville, FL 32601
(352) 336-0800
April 23, 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 ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
*Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) 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 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).
CUSIP NO. 870763 10 9 Page 1 of 4
<PAGE>
CUSIP NO. 870763 10 9 Page 2 of 4
-----------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rachel L. Steele ###-##-####
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) /./
(b) /X/
-----------------------------------------------------------------------------
(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) /NA/
-----------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
-----------------------------------------------------------------------------
(7) SOLE VOTING POWER
............5,232,700..............
NUMBER OF SHARES
(8) SHARED VOTING POWER
BENEFICIALLY OWNED BY
EACH REPORTING PERSON .................0.................
WITH
(9) SOLE DISPOSITIVE POWER
............5,232,700..............
(10) SHARED DISPOSITIVE POWER
..................0.................
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,232,700 *Please refer to Exhibit A for ownership prior to the date of
this amended Schedule.
-----------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) /NA/
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
<PAGE>
CUSIP NO. 870763 10 9 Page 3 of 4
41.8% *Please refer to Exhibit A for ownership prior to the date of
this amended Schedule.
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON (See Instructions)
IN
-----------------------------------------------------------------------------
Item 1. Security and Issuer.
This schedule relates to shares of Common Stock with a par value of $.0001 of
SwiftyNet.com, Inc. (the "Issuer") The Issuer's principal executive office is
located at 201 East Kennedy Boulevard, Suite 520, Tampa, Florida 33602. The
Issuer's President and Secretary is Rachel L. Steele. Donald Hughes is
Vice-President. Raymond Lipsch is Treasurer, CFO and CEO of the Issuer.
Item 2. Identity and Background.
(a) Rachel L. Steele; (b) Residence:761 Coral Reef Drive, Tampa Florida 33602;
(c) Ms. Steele's principal business is acting as President and Secretary of the
Issuer; (d) Ms. Steele has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) in the last five years;
(e) Ms. Steele has not been a party to a civil proceeding involving state or
federal laws or violations thereof in the last five years.(f) Ms. Steele is a
citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
The funds used to acquire any securities were personal funds. Some of the funds
were obtained for the purpose of purchasing and holding securities.
Item 4. Purpose of Transaction.
Ms. Steele obtained the majority of her stock in the Issuer upon its formation.
The purpose of any acquisition of securities by Ms. Steele is investment. The
reporting person intends to continuously review her position in SwiftyNet.com,
Inc. and may, depending upon the evaluation of the Issuer's business and
prospects, as well as upon future developments, price, availability of shares
and other factors, determine to increase, decrease or eliminate her position in
the Issuer.
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 Issuer or any of its
subsidiaries; (c) a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries; (d) any change in the Issuer's Board of
Directors or management; (e) any material change in the present capitalization
or dividend policy of the Issuer; (f) any material change in the Issuer'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 Issuer by any person; (h) any class of securities
<PAGE>
CUSIP NO. 870763 10 9 Page 4 of 4
of the Issuer to be delisted; (i) the Issuer's common stock to be eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any
action similar to those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) Ms. Steele directly beneficially owns an aggregate interest of 41.8% in the
Issuer with a total of 5,232,700 common shares. *Please refer to Exhibit A for
ownership prior to the date of this amended Schedule. The Issuer has a total of
50,000,000 common shares authorized. As of June 30, 2000, 12,514,120 shares and
318,240 Purchase Warrants were outstanding. All but 972,012 shares are
restricted under Rule 144. All of Ms. Steele's shares in the Issuer are
restricted. (b) Ms. Steele has the power to vote all shares owned in the Issuer
and to dispose or to direct the disposition of those shares; (c) No transactions
were effected during the last 60 days other than the following disposition of
shares on the Over-the-Counter Bulletin Board: 2,500 shares on June 2, 2000 at
$1.50 per share; 2,000 shares on June 14, 2000 at $1.625 per share; 5,000 on
June 15,2000 at $1.6875 per share; and, 6,500 shares on June 19, 2000 at $1.75
per share; (d) Ms. Steele has the right to receive dividends from all of her
shares. She has the power to direct the distribution of shares in the Issuer 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.
Exhibit A sets forth all of Ms. Steele's transactions since April 23, 1999 and
her percentage ownership of the total outstanding shares of the Issuer.
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/ Rachel Steele
------------------------------
Date: July 18, 2000 Rachel L. Steele, President, Secretary
SwiftyNet.com, Inc.
<PAGE>
Exhibit A
Rachel Steele SwiftyNet.com, Inc. Exhibit A to Schedule 13D
Transaction Date Number of Shares Price per Share Percentage of
Purchased Total
April 23, 1999 25,000 $5.00
April 23, 1999 10,000 $5.00
April 23, 1999 10,000 $5.00
April 23, 1999 50,000 $5.00
April 23, 1999 30,000 $5.00
April 23, 1999 5,000 $5.00
April 23, 1999 8,000 $5.00
April 23, 1999 20,000 $5.00
June 30, 1999 67.2%
July 7, 1999 2,500 $4.00
July 12, 1999 3,000 $4.38
July 23, 1999 1,000 $4.31
July 30, 1999 67.1%
August 2, 1999 2,000 $4,406
August 4, 1999 1,500 $4.50
August 24, 1999 2,000 $4.38
August 25, 1999 6,500 $4.50
September 1, 1999 1300 $4,375
September 16, 1999 1,000 $4
September 17, 1999 2,000 $4
September 21, 1999 1,000 $4.38
September 21, 1999 1,000 $4.38
September 22, 1999 3,500 $4 7/8
September 22, 1999 *A 3,500 $4.88
9/24/99 1,500 $4.88
9/27/99 1,000 $4.13
9/28/99 *A 3,000 $4.50
9/28/99 600 $4.50
10/1/99 600 $4.50
10/1/99 *A 3,000 $4 1/2
10/18/99 200,000 $4.00
10/18/99 25,000 $4.00
10/18/99 25,000 $4.00
10/18/99 10,000 $4.00
10/18/99 2,000 $4.00
10/20/99 500 $4.00
10/20/99 2,000 $3.13
10/25/99 500 $4
10/25/99 2,000 $3.13
10/27/99 1,500 $3.13
10/27/99 *A 20,000 $3.13
October 31, 1999 64.0%
11/2/99 1,000 $3.50
11/3/99 1,000 $3.50
11/3/99 *A 20,000 $3.50
11/4/99 1,000 $3.50
11/5/99 2,000 $3.50
11/9/99 3,000 $3.50
11/18/99 2,000 $2.09
11/23/99 3,000 $2.50
December 31, 1999 50.6%
<PAGE>
Transaction Date Number of Shares Price per Share Percentage of
Purchased Total
January 4, 2000 2,000 $1.78
January 5, 2000 1,000 $1.78
January 5, 2000 1,500 $1.88
January 6, 2000 2,000 $2.02
January 7, 2000 1,500 $2.05
January 10, 2000 2,000 $2.06
January 10, 2000 2,000 $2.06
January 12, 2000 7,000 $2.25
January 18, 2000 6,000 $2.35
January 19, 2000 6,000 $2.37
February 2, 2000 50.3%
February 2, 2000 2,000 $2.26
February 2, 2000 1,000 $2.03
February 7, 2000 1,500 $2.03
February 9, 2000 2,500 $1.75
February 11, 2000 500 $1.75
February 14, 2000 1,000 $1.90
February 17, 2000 2,000 $2.44
February 17, 2000 4,000 $2.17
February 18, 2000 2,000 $2.63
February 24, 2000 3,000 $3.45
February 25, 2000 2,000 $2.50
February 28, 2000 1,000 $3.41
February 29, 2000 1,000 $3.63
March 16, 2000 3,000 $2.50
March 17, 2000 1,000 $2.85
March 21, 2000 2,000 $2.69
March 21, 2000 4,000 $2.62
March 22, 2000 2,500 $2.63
March 23, 2000 2,000 $2.61
March 30, 2000 49.2%
*A indicates acquisition of stock
all other entries are dispositions
