UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SWIFTYNET.COM, INC.
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
COMMON STOCK
CLASS A PURCHASE WARRANTS
CUSIP NO. 870763 10 9
Bruce Brashear, Esq.
Brashear & Associates, P.L.
926 N.W. 13th Street
Gainesville, FL 32601
(352) 336-0800
March 27, 2000
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
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CUSIP NO. 870763 10 9 Page 2 of 4
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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
..............483,520..............
NUMBER OF SHARES
(8) SHARED VOTING POWER
BENEFICIALLY OWNED BY
EACH REPORTING PERSON .................0.................
WITH
(9) SOLE DISPOSITIVE POWER
..............483,520..............
(10) SHARED DISPOSITIVE POWER
..................0.................
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
483,520
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(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) /NA/
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CUSIP NO. 870763 10 9 Page 3 of 4
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.9%
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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 $.0001 and
Purchase Warrants redeemable at $7.25 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 Company's President and Secretary is Rachel
L. Steele. Donald Hughes 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 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 used to acquire any securities were personal funds. Some of the funds
were obtained for the purpose of purchasing and holding securities. Some of the
securities were issued as compensation.
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 SwiftyNet.com,
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 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
<PAGE>
CUSIP NO. 870763 10 9 Page 4 of 4
Issuer's charter, bylaws or instruments which would impede the acquisition of
control of the Issuer by any person; (h) any class of securities 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) Mr. Lipsch directly beneficially owns an aggregate interest of 3.9% in the
Company with a total of 460,480 common shares and 23,040 Purchase Warrants. 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 Mr. Lipsch's securities are
restricted. (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.
Signatures.
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: July 26, 2000 Raymond Lipsch, CEO,CFO and Treasurer
