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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. N/A)
Austin Funding.com Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
05222N 10 0
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(CUSIP Number)
Mr. Jack A. Selman
Selman & Munson, P.C.
111 Congress Avenue, Austin, Texas 78701
(512) 505-5955
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
September 21, 1999
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(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 that 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 [ ].
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CUSIP No. 05222N 10 0
1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons (entities only): Glenn A. LaPointe.
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b)
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3) SEC Use Only
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4) Source of Funds (See Instructions) PF
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6) Citizenship or Place of Organization United States
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Number of 7) Sole Voting Power 6,788,872
Shares -----------------------------------
Beneficially 8) Shared Voting Power
Owned ---------------------------------
by Each 9) Sole Dispositive Power 6,788,872
Reporting ------------------------------
Person 10) Shared Dispositive Power
With ----------------------------
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,788,872
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares(See
Instructions)
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13) Percent of Class Represented by Amount in Row (11) 31.8%
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14) Type of Reporting Person (See Instructions) IN
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SCHEDULE 13D
Item 1. Security and Issuer:
This statement relates to shares of Common Stock, $0.01 par value,
issued by Austin Funding.com Corporation ("AFC"), a Nevada corporation, whose
principal executive offices are at 823 Congress Avenue, Suite 515, Austin,
Texas 78701.
Item 2. Identity and Background:
This statement is filed by Glenn A. LaPointe (the "Reporting Person"),
who also serves as the President of AFC. The business address of the Reporting
Person is 823 Congress Avenue, Suite 515, Austin, Texas 78701. During the last
five years, the Reporting Person has not been convicted in a criminal
proceeding nor been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction resulting in any judgment, decree
or final order enjoining violations or prohibiting or mandating action with
respect to any federal or state securities laws, or containing any finding of
any violation of any such laws. The Reporting Person is a citizen of the United
States of America.
Item 3. Source and Amount of Funds for Other Consideration:
In 1997, Mr. LaPointe purchased 1,000 shares of AFC's predecessor
company's Common Stock for an aggregate purchase price of $25,000.00. The
source of the $25,000 of cash used to purchase the Common Stock was from Mr.
LaPointe's personal funds. Mr. LaPointe's 1,000 shares of Common Stock were
then split into 324,324 shares. In May 1999, AFC's predecessor company was
reorganized into a holding company form of ownership under which Mr. LaPointe's
shares were exchanged for 6,783,872 shares of Common Stock of AFC.
Item 4. Purpose of Transaction:
All of the shares purchased or acquired by Mr. LaPointe were acquired
for investment. Mr. LaPointe may, from time to time, depending upon market
conditions and other investment considerations, purchase additional shares of
AFC for investment or dispose of shares of AFC. As Chairman, President, Chief
Executive Officer and a member of the Board, Mr. LaPointe regularly explores
potential actions and transactions which may be advantageous to AFC, including,
but not limited to, possible mergers, acquisitions, reorganizations or other
material changes in the business, corporate structure, management, policies,
governing instruments, capitalization, securities or regulatory or reporting
obligations of AFC.
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Except as noted above, Mr. LaPointe has no plans or proposals that
relate to or would result in:
(a) the acquisition by any person of additional securities of AFC, or
the disposition of securities by AFC;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving AFC or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of AFC or any of
its subsidiaries;
(d) any change in the present Board of Directors or management of AFC,
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 AFC;
(f) any other material change in AFC's business or corporate
structure;
(g) changes in AFC's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of AFC by
any person;
(h) causing a class of securities of AFC 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 AFC becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934; or
(j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer:
(a) The aggregate number of shares of Common Stock of AFC beneficially
owned by Mr. LaPointe is 6,788,872, which constitutes thirty-one and
eight-tenths percent (31.8%) of the total outstanding shares of Common Stock.
(b) Each party named in subparagraph (a) above has the sole power to
vote or direct to vote and to dispose or direct the disposition of, all the
shares shown as being owned by such party above.
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(c) Apart from the transaction described in Item 3 above, Mr. LaPointe
has not had any transactions in shares of Common Stock of AFC in the last sixty
(60) days.
(d) No other person is known to have any right to receive, or the
power to direct the receipt of dividends from, or proceeds from the sale of,
the securities described herein other than the party owning such securities as
described herein.
(e) The Reporting Person has not ceased to be beneficial owner of more
than five percent (5%) of the outstanding shares of the Common Stock of AFC.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
At the present time, there are no contracts, arrangements,
understandings or relationships between the Reporting Person and any other
person with respect to any of the securities of AFC, including transfer or
voting of any of the securities of AFC, finders fees, joint ventures, loan or
option arrangements, put or calls, guarantees of profits, division of profits
or loss, or the giving or withholding of proxies, naming the persons with whom
such contract, arrangements, understandings or relationships have been entered
into.
Item 7. Material To Be Filed as Exhibits:
There are no written agreements or proposals relating to any
acquisition of AFC's control, liquidation, sale of assets or other matters
discussed in Item 4 above, nor relating to the transfer or voting of
securities, finders fees, joint ventures, options or loan agreements or other
matters as described in Item 6 above. There are no written agreements
concerning the borrowing of funds as described in Item 3 above.
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.
Dated: October 18, 1999.
/s/ GLENN A. LAPOINTE
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Glenn A. LaPointe
ATTENTION: Intentional misstatements or omissions of fact constitute federal
criminal violations (See 18 U.S.C. 1001).
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