SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Detection Systems, Inc.
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(Name of issuer)
COMMON STOCK, $.05 PAR VALUE PER SHARE
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(Title of class of securities)
250644-10-1
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(CUSIP number)
DUNCAN SOUKUP, PRESIDENT
LIONHEART GROUP, INC.
230 Park Avenue, Suite 516
New York, New York 10169
(212) 599-5077
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(Name, address and telephone number of person
authorized to receive notices and communications)
December 21, 2000
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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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box / /.
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule 13d-7
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 4 Pages)
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CUSIP No. 250644-10-1 13D Page 2 of 4 pages
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1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF
ABOVE PERSONS
LIONHEART GROUP, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
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NUMBER OF
SHARES
BENEFICIALLY 7 SOLE VOTING POWER
OWNED BY EACH
REPORTING
PERSON WITH -0-
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8 SHARED VOTING POWER
-0-
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9 SOLE DISPOSITIVE POWER
-0-
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 250644-10-1 13D Page 3 of 4 pages
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The Schedule 13D, as amended, is collectively referred to as "Schedule 13D".
Except as specifically amended by this Amendment No. 1, the Schedule 13D remains
in full force and effect. Defined terms herein shall have the meaning specified
in the Schedule 13D, except as otherwise provided herein.
Item 3 is amended to read as follows:
Item 3. Source and Amount of Funds or Other Consideration.
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Lionheart Group, Inc. does not beneficially own any shares of
Common Stock of the Issuer.
Item 5. Interest in Securities of the Issuer.
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Items 5 (a) & (b) are amended to read as follows:
Items 5 (a) & (b) As of the close of business on December 21, 2000,
Lionheart Group, Inc. does not beneficially own any shares of Common Stock of
the Issuer.
Item 5 (c) is amended to add the following transactions since the filing of the
Schedule 13D:
Date Buy/Sell Quantity Price
10/25/00 Buy 2,500 $10.56
11/22/00 Buy 2,000 $11.13
11/27/00 Buy 3,000 $11.29
11/28/00 Buy 2,500 $11.25
12/21/00 Sell 337,700 $17.81
Item 5(e) is amended to read as follows:
Item 5(e) Lionheart Group, Inc. ceased to be a beneficial owner of
more than five percent (5%) of the shares of Common Stock of the Issuer on
December 21, 2000.
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CUSIP No. 250644-10-1 13D Page 4 of 4 pages
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SIGNATURES
After reasonable inquiry and to the best of his knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: December 22, 2000 LIONHEART GROUP, INC.
By: /s/ Duncan Soukup
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Duncan Soukup
President
