UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN
STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c),
AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)
El Sitio, Inc.
------------------------------------------------------------------------
(Name of Issuer)
Common Shares, $0.01 par value
------------------------------------------------------------------------
(Title of Class of Securities)
G 30177102
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(CUSIP Number)
December 15, 1999
------------------------------------------------------------------------
(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)
/_/ Rule 13d-1(c)
/X/ 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 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).
<PAGE>
CUSIP No. G 30177102
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person:
Guillermo J. Liberman
EIN: Not applicable.
2) Check the Appropriate Box if a Member of a Group (a) /_/
(See Instructions): (b) /_/
Not Applicable
3) SEC Use Only
4) Citizenship or Place of Organization: Argentina
Number of 5) Sole Voting Power: 4,894,176
Shares
Beneficially 6) Shared Voting Power: 0
Owned by
Each 7) Sole Dispositive Power: 4,894,176
Reporting
Person With 8) Shared Dispositive Power: 0
9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 4,894,176
10) Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions): /_/
11) Percent of Class Represented by Amount in Row (9):
12.7%
12) Type of Reporting Person (See Instructions): IN
(Page 2 of 11 Pages)
<PAGE>
CUSIP No. G 30177102
13) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person:
SLI.com Inc.
EIN: Not applicable.
14) Check the Appropriate Box if a Member of a Group (a) /_/
(See Instructions): (b) /_/
Not Applicable
15) SEC Use Only
16) Citizenship or Place of Organization: British Virgin
Islands
Number of 17) Sole Voting Power: 4,894,176
Shares
Beneficially 18) Shared Voting Power: 0
Owned by
Each 19) Sole Dispositive Power: 4,894,176
Reporting
Person With 20) Shared Dispositive Power: 0
21) Aggregate Amount Beneficially Owned by Each Reporting
Person: 4,894,176
22) Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions): /_/
23) Percent of Class Represented by Amount in Row (9):
12.7%
24) Type of Reporting Person (See Instructions): CO
(Page 3 of 11 Pages)
<PAGE>
SCHEDULE 13G
Item 1(a). Name of Issuer:
El Sitio, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
El Sitio, Inc.
Ave. Ingeniero Huergo 1167
Buenos Aires, Argentina C1107AOL
Item 2(a). Name of Persons Filing:
Guillermo J. Liberman
SLI.com Inc.
Item 2(b). Address of Principal Business Office or, if None, Residence:
Guillermo J. Liberman
c/o SLI.com Inc.
P.O. Box 871119
Zona 7
Panama, Republic of Panama
SLI.com Inc.
P.O. Box 871119
Zona 7
Panama, Republic of Panama
Item 2(c). Citizenship:
Guillermo J. Liberman Argentina
SLI.com Inc. British Virgin Islands
Item 2(d). Title of Class of Securities:
Common Shares, $0.01 par value
Item 2(e). CUSIP Number:
Guillermo J. Liberman Not Applicable
SLI.com Inc. Not Applicable
(Page 4 of 11 Pages)
<PAGE>
Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-
2(b) or (c), Check Whether the Person Filing is a:
(a) /_/ Broker or dealer registered under Section 15 of the
Exchange Act.
(b) /_/ Bank as defined in section 3(a)(6) of the Exchange
Act.
(c) /_/ Insurance company as defined in Section 3(a)(19) of
the Exchange Act.
(d) /_/ Investment company registered under Section 8 of the
Investment Company Act.
(e) /_/ An investment adviser in accordance with Rule 13d-
1(b)(1)(ii)(E);
(f) /_/ An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) /_/ A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) /_/ A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) /_/ A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of
the Investment Company Act;
(j) /_/ Group, in accordance with Rule 13d-1(b)(1)(ii)(J);
If this statement is filed pursuant to Rule 13d-1(c), check this
box. /_/
Item 4. Ownership.
(a) Amount Beneficially Owned
Guillermo J. Liberman<F1> 4,894,176
SLI.com Inc. 4,894,176
(Page 5 of 11 Pages)
<PAGE>
(b) Percent of Class
Guillermo J. Liberman 12.7%
SLI.com Inc. 12.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
Guillermo J. Liberman 4,894,176
SLI.com Inc. 4,894,176
(ii) shared power to vote or to direct the vote
Guillermo J. Liberman 0
SLI.com Inc. 0
(iii) sole power to dispose or to direct the disposition of
Guillermo J. Liberman 4,894,176
SLI.com Inc. 4,894,176
(iv) shared power to dispose or to direct the disposition
of
Guillermo J. Liberman 0
SLI.com Inc. 0
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
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.
(Page 6 of 11 Pages)
<PAGE>
Item 8. Identification and Classification of Members of the Group.
Guillermo J. Liberman owns 100% of the outstanding voting
securities of SLI.com Inc. and, therefore, may be deemed to
be the beneficial owner of the securities held by SLI.com Inc.
and may be deemed to be a member of a "group" with SLI.com
Inc. in relation to such securities. Mr. Liberman and SLI.com
Inc. do not affirm the existence of a "group."
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
Not applicable.
(Page 7 of 11 Pages)
<PAGE>
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.
GUILLERMO J. LIBERMAN
/s/ Guillermo J. Liberman
-----------------------------------------
Guillermo J. Liberman
SLI.COM INC.
By: Guillermo J. Liberman
/s/ Guillermo J. Liberman
-----------------------------------------
Date: February 14, 2000
(Page 8 of 11 Pages)
<PAGE>
EXHIBITS
Exhibit 1 - Joint Filing Agreement
(Page 9 of 11 Pages)
<PAGE>
Exhibit 1
JOINT FILING AGREEMENT
We, the signatories of the statement on Schedule 13G to which this
Agreement is attached, hereby agree that such statement is, and any
amendments thereto filed by either of us will be, filed on behalf of each of
us.
SLI.COM INC.
By: Guillermo J. Liberman
By: /s/ Guillermo J. Liberman
-----------------------------------------
Guillermo J. Liberman
GUILLERMO J. LIBERMAN
/s/ Guillermo J. Liberman
----------------------------------------------
February 14, 2000
(Page 10 of 11 Pages)
<PAGE>
____________________
[FN]
<F1> Includes 4,894,176 common shares owned by SLI.com Inc. in respect of
which Mr. Liberman has a controlling interest.
(Page 11 of 11 Pages)
