SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
PTN Media, Inc.
(Name of Issuer)
Common Stock, par value $.001 per share,
(Title of Class of Securities)
69366H105
(CUSIP Number)
September 18, 1998
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 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 disclosures provided in 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).
<PAGE>
CUSIP No.........69366H105 Page 2 of 4 Pages
- -------------------------------------------------------------------------------
1) Name of Reporting Person........Michael Giordano
S.S. or I.R.S. Identification No. of Above Person....
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (see Instructions)
(a)......
(b)......
- -------------------------------------------------------------------------------
3) SEC Use Only.........................................
- -------------------------------------------------------------------------------
4) Citizenship or Place of Organization......U.S.
- -------------------------------------------------------------------------------
Number of (7) Sole Voting Power..........300,000
Shares Bene- ----------------------------------------------------------
ficially Owned (8) Shared Voting Power...........none
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power.....300,000
----------------------------------------------------------
(10) Shared Dispositive Power.....none
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by
Each Reporting Person.......300,000
- -------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions).........
- -------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row 9....9.86%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions).......IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Name of Issuer: PTN Media, Inc.
Item 1(b). Address of Issuer=s Principal Executive Offices: 313 North
First St., Suite 8B, Ann Arbor, Michigan 48104
Item 2(a). Name of Person Filing: Michael Giordano
Item 2(b). Address of Principal Business Office or, if none, Residence:
7591 N.W. 29th Street, Margate, Florida 33063
Item 2(c). Citizenship: U.S.
Item 2(d). Title of Class of Securities: Common Stock, par value
$.001 per share
Item 2(e). CUSIP Number: 69366H105
Item 3. If this statement is filed pursuant to ' 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 satement 240.13d-1(b)
(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with satemen 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
statement 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association 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 with staement 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to staement 240.13d-1(c), check
this box[x].
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(A) Amount beneficially owned:................................300,000
(B) Percent of class:...........................................9.86%
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<PAGE>
(C) Number of shares as to which person has:............................
(i) Sole power to vote or to direct the vote.................300,000
(ii) Shared power to vote or to direct the vote.................none
(iii) Sole power to dispose or to direct the disposition of..300,000
(iv) Shared power to dispose or to direct the disposition of....none
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 Groups
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certifications
The following certifications shall be included if the statement is
filed pursuant to '240.13d-1(c):
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.
Date: 9/18/98
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/s/ Michael Giordano
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MICHAEL GIORDANO
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