U.S. SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D - Amendment #3
Under the Securities Exchange Act of 1934
Continental Information Systems Corporation
(Name of Issuer)
Common Stock
(Title of Class Securities)
211497102
(CSUIP Number)
Mark W. Jaindl
3150 Coffeetown Road
Orefield, PA 18069
(610) 395-3333
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
December 31, 1999
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule
13D 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 ( ).
Check the following box if a fee is being paid with this statement
( ). (A fee is not required only if the reporting person: (1)
has a previous statement on file reporting beneficial ownership of
more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of less of less than five percent
of such class. See Rule 13d-7.)
The information required on the remainder of this cover page shall
not be deemed to "file" 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.
Cusip No. 211497102
1) Names of Persons S.S. or I.R.S. Identification Nos. of
Above Persons:
Frederick John Jaindl - SSN ###-##-####
__________________________________________________________________
___________
2) Check the Appropriate Box if a Member of a Group
(See Instruction): __________
(a)_______
(b) X
__________________________________________________________________
___________
3) SEC Use
Only________________________________________________
__________________________________________________________________
___________
4) Source of Funds (See Instructions): 00
__________________________________________________________________
___________
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to items 2 (d) or (e): N/A
__________________________________________________________________
___________
6) Citizenship or Place of Organization: U.S.
__________________________________________________________________
___________
7) Sole Voting Power: 590,034
________________________________________________________________
8) Shared Voting Power N/ A
________________________________________________________________
9) Sole Dispositive Power: 590,034
__________________________________________________________________
_____
10) Shared Dispositive Power N/A
__________________________________________________________________
__________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 590,034 shares
__________________________________________________________________
__________
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) N/A
__________________________________________________________________
___________
13) Percent of Class Represented by Amount in Row (11)
8.65%
__________________________________________________________________
___________
14) Type of Reporting Person (See Instructions): IN
__________________________________________________________________
___________
Cusip No. 211497102
1) Names of Persons S.S. or I.R.S. Identification Nos. of
Above Persons:
Mark Wilson Jaindl - SSN ###-##-####
__________________________________________________________________
___________
2) Check the Appropriate Box if a Member of a Group
(See Instruction): __________
(a)_______
(b) X
__________________________________________________________________
___________
3) SEC Use Only___________
__________________________________________________________________
___________
4) Source of Funds: PF
__________________________________________________________________
___________
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to items 2 (d) or (e): Yes No XX
__________________________________________________________________
___________
6) Citizenship or Place of Organization: US
__________________________________________________________________
___________
Number of 7) Sole Voting Power: 50,000
1,640,150
Shares Bene-
________________________________________________________________
ficially
Owned by 8) Shared Voting Power:
N/ A
Each Report-
________________________________________________________________
ing Person 9) Sole Dispositive Power: 50,000
With______________________________________________________________
__________
10) Shared Dispositive Power:
__________________________________________________________________
___________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 50,000 shares
__________________________________________________________________
__________
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares Yes No XX
__________________________________________________________________
___________
13) Percent of Class Represented by Amount in Row (11) .73%
__________________________________________________________________
___________
14) Type of Reporting Person (See Instructions): IN
__________________________________________________________________
___________
Item 1.
.
This Schedule 13D filing relates to the common stock, $.01
par value, of Continental Information Systems Corporation, having
its principal business offices at 45 Broadway Atrium, Suite 1105,
New York, NY 10006(the "Company")
Item 2.
(a) This statement is being filed by Frederick
J. Jaindl and Mark W. Jaindl.
(b) Fred Jaindl's principal business address is Jaindl
Farms, 3150 Coffeetown Road, Orefield, PA 18069. Mark Jaindl's
principal business address is American Bank, 4029 W. Tilghman
Street, Allentown PA 18104.
(c) Fred Jaindl's present principal occupation is as the
sole proprietor of Jaindl Farms and the principal shareholder and
chief executive officer of Jaindl's Inc. Both of these businesses
have their principal offices at 3150 Coffeetown Road, Orefield, PA
18069. Mark Jaindl is the President and Chief Executive Officer
of American Bank, a commercial bank whose principal business
address is 4029 West Tilghman Street, Allentown PA 18104.
(d) During the past five years neither Fred Jaindl, nor
Mark Jaindl have been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the past five years neither Fred Jaindl, nor
Mark Jaindl have been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result
of which was subject to a judgement, decree or final order
enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding
any violations with respect to such laws.
(f) Fred Jaindl and Mark Jaindl are U.S. citizens.
Item 3.
Fred Jaindl has business interests ranging from turkey
farming to real estate development. In the regular course of
these businesses, he borrows funds from various lenders to finance
their daily operations. Since most of these businesses are
structured as sole proprietorships and corporations controlled by
Mr. Jaindl, he typically reinvests back into his operations most
of the net profits generated by these entities or by any personal
investments he routinely makes. From time to time he recovers the
equity invested in his businesses either by taking distributions
from current profits or by financing assets held by one of his
business entities, thereby allowing him to realize a portion of
the equity accumulated in those assets without having to sell
them. The personal funds he has used and may use in the future to
purchase shares of common stock of the Company have been generated
from the equity and profits he accumulates in his various
businesses as described above.
Fred Jaindl and Mark Jaindl have in the past borrowed funds
to purchase investments or to finance their other business
interests. Fred and Mark Jaindl may in the future borrow funds to
purchase additional shares of the Company's common stock or to
finance their other business interests, which loans may be secured
by pledges of the Company's common stock.
Item 4.
Purpose of Transaction.
Fred Jaindl and Mark Jaindl have purchased these shares for
investment purposes. However, they may acquire or dispose of
shares of the Company common stock if attractive investment
opportunities become available in the future.
Item 5.
Intere
(a) Fred Jaindl and Mark Jaindl own 590,034 and 50,000
shares respectively of common stock of the Company. In total,
these 640,034 shares constitute approximately 9.38% of the
6,823,844 shares of Company common stock outstanding as of
September 29, 1999.
(b) Fred Jaindl and Mark Jaindl have the sole voting and
dispositive power of 590,034 and 50,000 shares respectively of
common stock they hold.
(c) The following transactions were effected by or on behalf
of Fred and Mark Jaindl during the past sixty days:
Frederick J. Jaindl
Date Purchased No. of Shares Price
Transaction
12/08/99 2,700 $1.25 Open
Market
12/09/99 1,000 $1.25 Open Market
12/13/99 5,000 $1.25 Open Market
12/20/99 12,300 $1.25 Open
Market
12/22/99 1,000 $1.21875 Open Market
12/30/99 3,000 $1.31250 Open Market
12/31/99 10,000 $1.34375 Open
Market
Mark W. Jaindl
Date Purchased No. of Shares Price
Transaction
12/27/99 1,000 $1.25 Open
Market
12/28/99 100 $1.25 Open Market
12/29/99 3,900 $1.28125 Open Market
(d) Not applicable
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to Filed as Exhibits
Not applicable
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.
January 3, 2000
________________________________________
Signature
Mark W. Jaindl
________________________________________
Signature
Frederick J. Jaindl
