United States Securities and Exchange Commission
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ______)
First Philadelphia Capital Corp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
None
(CUSIP Number)
May 19, 2000
(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)
1. Names of Reporting Persons: FS Capital Markets Group Inc.
Michael C.W. Tay
Michael C.W. Tay is the controlling shareholder and director of
FS Capital Markets Group Inc.
2. Check the appropriate box if a member of a group: (a) /x/
(b)
3. SEC use only
4. Citizenship or place of organization
Michael C.W. Tay Natural person, citizen of the
United States
FS Capital Markets Group Inc. Delaware corporation
5-8. Sole Shared Sole Shared
Voting Voting Dispositive Dispositive
Power Power Power Power
FS Capital Markets Group Inc. 5,000,000 5,000,000
Michael C.W. Tay 5,000,000 5,000,000
9&11. Aggregate amount beneficially owned by each reporting
person and percent of class.
Aggregate amount
Beneficially Percent
Owned of Class
FS Capital Markets Group Inc. 0 0% (1)
Michael C.W. Tay 5,000,000 100%
(1) Michael C.W. Tay is the controlling shareholder and
director of FS Capital Markets Group Inc. and may be deemed
to be the beneficial owner of the common stock held by it.
10. Check box if aggregate amount in #9
excludes certain shares. Not applicable.
12. Type of reporting Person
FS Capital Markets Group Inc. CO
Michael C.W. Tay IN
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Schedule 13G Part 2, page 1
Item 1(a) Name of Issuer: First Philadelphia Capital Corp.
(b) Address of Issuer's Principal Executive Offices:
1422 Chestnut Street
Suite 410, 4th Floor
Philadelphia, PA 19102
Item 2(a) Name of Person Filing: Michael C.W. Tay
(b) Address of Principal Business or,
if none, Residence: 1422 Chestnut Street
Suite 410, 4th Floor
Philadelphia, PA 19102
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: None
Item 3. If statement is filed pursuant to
Rule 13d-1(b) or 13d-2(b) Not applicable
Item 4. Ownership
(a) Amount beneficially owned: 5,000,000 shares
(b) Percent of Class: 100%
(c) Number of Shares as to which
such person has:
(i) sole power to vote or to direct the vote 5,000,000
(ii) shares power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the
disposition of 5,000,000
(iv) shared power to dispose or to direct the
disposition of 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 Not applicable
Item 8. Identification and Classification of
Members of the Group
The group consists of Michael C.W. Tay, a natural person, and
FS Capital Markets Group Inc., a Delaware corporation of which
Michael C.W. Tay is the controlling shareholder and director.
Item 9. Notice of Dissolution of Group: Not applicable
Item 10. Certification:
By signing below the undersigned certifies that, to the best
of its knowledge and belief, the securities referred to
above were acquired and are held in the ordinary course of
business and 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.
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Michael C.W. Tay
May 26, 2000
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Schedule 13G Part 2, page 3
Item 1(a) Name of Issuer: First Philadelphia Capital Corp.
(b) Address of Issuer's Principal Executive Offices:
1422 Chestnut Street
Suite 410, 4th Floor
Philadelphia, PA 19102
Item 2(a) Name of Person Filing: FS Capital Markets Group Inc.
(b) Address of Principal Business or,
if none, Residence:
1422 Chestnut Street
Suite 410, 4th Floor
Philadelphia, PA 19102
(c) Citizenship: Delaware corporation
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: None
Item 3. If statement is filed pursuant to
Rule 13d-1(b) or 13d-2(b) Not applicable
Item 4. Ownership
(a) Amount beneficially owned: 0 shares (1)
(b) Percent of Class: 0%
(c) Number of Shares as to which
such person has:
(i) sole power to vote or to direct the vote 5,000,000
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the
disposition of 5,000,000
(iv) shared power to dispose or to direct the
disposition of 0
(1) Michael C.W. Tay is the controlling shareholder and director of
FS Capital Markets Group Inc. and is therefore deemed to be the
beneficial owner of the 5,000,000 shares of common stock held
by it.
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 Not applicable
Item 8. Identification and Classification of Members
of the Group
The group consists of Michael C.W. Tay, a natural person, and
FS Capital Markets Group Inc., a Delaware corporation, of which
Michael C.W. Tay is the controlling shareholder and director.
Item 9. Notice of Dissolution of Group: Not applicable
Item 10. Certification:
By signing below the undersigned certifies that, to the best
of its knowledge and belief, the securities referred to
above were acquired and are held in the ordinary course of
business and 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.
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in
this statement is true, complete and correct.
FS CAPITAL MARKETS GROUP INC.
By Michael C.W. Tay, Director
May 26, 2000