SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDED SCHEDULE 13D
Under the Securities Exchange Act of 1934
VIAVID BROADCASTING, INC.
-------------------------
(Name of Issuer)
COMMON STOCK $.001 PAR VALUE
----------------------------
(Title of Class of Securities)
925552 10 1
------------------
(CUSIP Number)
Paul Watkins
187 East Braemar Road
North Vancouver, BC
V7N 1P7
Phone: (604) 983-4296
------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
MARCH 14, 2000
--------------
Date of Event which Requires Filing
of this Statement)
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 [ ].
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 925552 10 1
- ---------------------------------------------------------------------------------------------------------------------
<S> <C>
1. Name of Reporting Person Paul Watkins
S.S. or IRS Identification No. of
Above Person Not Required
- ---------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [X]
- ---------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------
4. Source of Funds PF
- ---------------------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal
Proceedings is Required Persuant to
Items 2(d) or 2(e) Not applicable
- ---------------------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Canada
- ---------------------------------------------------------------------------------------------------------------------
Number of Shares Beneficially Owned
by Reporting Person:
7) Sole Voting
Power 817,500
----------------------------------------------------------------
8) Shared Voting
Power
----------------------------------------------------------------
9) Sole Dispositive
Power 817,500
----------------------------------------------------------------
10) Shared
Despositive
Power
- ---------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned By Each Reporting Person 817,500
- ---------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in
Row (11) Excludes Certain Shares Not Applicable
- ---------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by
Amount in Row (11) 12%
- ---------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person IN
</TABLE>
-2-
<PAGE>
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this Statement relates is
shares of common stock, par value $.001 per share (the "Shares"), of ViaVid
Broadcasting, Inc., a Nevada corporation (the "Company"). The principal
executive offices of the Company are located at 3955 Graveley Street, Burnaby,
British Columbia, Canada V5C 3T4.
ITEM 2. IDENTITY AND BACKGROUND.
This Statement is being filed by Paul Watkins ("Holder."). Holder is a
citizen of Canada with an address at 187 East Braemar Road, North Vancouver,
British Columbia Canada V7N 1P7. The Holder has been employed as follows:
Holder has been a Director since January, 1999 and has also served as a
director of our subsidiary, ViaVid Broadcasting Corp., since October 31, 1998.
Holder founded Watkins Communications Inc., an Internet marketing and news
dissemination company with clients in the financial industry, in 1994. Holder
has been the president and director of Watkins Communications Inc. from 1994 to
the present. Watkins Communications Inc. has clients listed on the Vancouver
Stock Exchange, Alberta Stock Exchange and Toronto Stock Exchange for which it
electronically files and disseminates press releases and financial information.
Holder has a background in computer sciences and has over 10 years experience in
the business of investor communications.
Holder has not, during the last five years (i) been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
(ii) been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Holder purchased 500 shares in ViaVid Broadcasting Corp., the
Canadian Subsidiary for $0.01 per share. Those shares were exchanged for 850,000
shares of ViaVid Broadcasting, Inc. a Nevada Corporation in accordance with an
acquisition agreement dated January 26, 1999.
ITEM 4. PURPOSE OF TRANSACTION.
The purpose or purposes of the acquisition of the Shares by Holder was
a passive investment. Holder is a Director of the Company. Depending on market
conditions and other factors, Holder may acquire additional Shares as it deems
appropriate, whether in open market purchases, privately negotiated transactions
or otherwise. Holder also reserves the right to dispose
-3-
<PAGE>
of some or all of its Shares in the open market, in privately negotiated
transactions to third parties or otherwise.
As of the date hereof, except as described herein, Holder does not have
any plans or proposals which relate to or would result in (a) the acquisition by
any person of additional securities of the Company, or the disposition of
securities of the Company; (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 present board of
directors or management of the Company including any plans or proposals to
change the number of term of directors or to fill any existing vacancies on the
board; (e) any material change in the present capitalization or dividend policy
of the Company; (f) any other material change in the Company's business or
corporate structure; (g) changes in the Company's Certificate of Incorporation
or other actions which may impede the acquisition of control of the Company by
any person; (h) causing a class of securities of the Company to be delisted from
a national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) a class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any
action similar to any of those enumerated above.
Pursuant to Rule 144, the Holder is entitled to sell 1% of the issued
and outstanding Common Stock of the Company each quarter. Depending on market
conditions, the Holder may exercise this right each quarter.
The Company has plans to seek to raise additional equity capital. The
Holder is unable to state at this time the terms on which such equity capital
will be raised or whether or not the Company will be successful in raising that
capital.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of March 14, 2000, Holder holds beneficially the
following securities of the Company.
<TABLE>
<CAPTION>
Percentage of shares of
Title of security Amount Common Stock (1)
- ------------------------- ------------------------------------------------------------------
<S> <C> <C>
Common Stock 817,500 12%
</TABLE>
- -----------------------------
(1) Calculated in accordance with Rule 13d-3. Such holdings exclude 817,500
shares held beneficially by Paul Watkins, a Director of the Company and the
husband of the Holder. The Holder disclaims a beneficial interest in the shares
held by Mr. Watkins.
(b) Holder has shared power to vote or to direct the vote of
the Shares held by
-4-
<PAGE>
him and has the sole power to dispose or to direct the
disposition of the Shares held by him.
(c) The Holder has effected the following sales of the Company's
securities during the 60 days prior to March 14, 2000.
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------
DATE OF NO. OF SHARES PRICE PER WHERE AND HOW
TRANSACTION SHARE TRANSACTION WAS EFFECTED
-------------------------------------------------------------------------------------
<S> <C> <C> <C>
January 27/00 2,000 $4.53125 Open Market - OTC BB
-------------------------------------------------------------------------------------
January 27/00 1,000 $4.875 Open Market - OTC BB
-------------------------------------------------------------------------------------
January 31/00 1,000 $4.53125 Open Market - OTC BB
-------------------------------------------------------------------------------------
January 31/00 1,000 $4.50 Open Market - OTC BB
-------------------------------------------------------------------------------------
January 31/00 1,000 $4.375 Open Market - OTC BB
-------------------------------------------------------------------------------------
February 1/00 1,500 $4.50 Open Market - OTC BB
-------------------------------------------------------------------------------------
February 2/00 1,500 $4.25 Open Market - OTC BB
-------------------------------------------------------------------------------------
February 3/00 1,000 $4.125 Open Market - OTC BB
-------------------------------------------------------------------------------------
February 10/00 1,500 $4.0625 Open Market - OTC BB
-------------------------------------------------------------------------------------
February 10/00 1,000 $4.50 Open Market - OTC BB
-------------------------------------------------------------------------------------
February 14/00 2,000 $4.00 Open Market - OTC BB
-------------------------------------------------------------------------------------
March 8/00 3,000 $4.09375 Open Market - OTC BB
-------------------------------------------------------------------------------------
March 14/00 15,000 $3.00 Open Market - OTC BB
-------------------------------------------------------------------------------------
</TABLE>
(d) Not applicable
(e) Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this Statement is
true, complete and correct.
Dated: March 14, 2000
/s/ Paul Watkins
-------------------------
Holder
-5-
