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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
DYNAMICWEB ENTERPRISES, INC.
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Name of Issuer
COMMON STOCK
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Title of Class of Securities
268060-10-0
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CUSIP No.
JOHN FIGLIOLINI
201 E. 80th Street, Apartment 22A
New York, New York 100213
212-794-1877
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Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications
November 13, 1997
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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(b)(3) or (4),
check the following box: ______
<PAGE>
SCHEDULE 13D
CUSIP No. 268060-10-0
Page 2 of 3 Pages
1. Name of Reporting Person
JOHN P. FIGLIOLINI
2. Check the appropriate box if a member of a Group:
(A)
(B) X
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC/PF/AF
5. Check box if disclosure of legal proceedings is required
pursuant to items 2(d) or 2 (e):
Not applicable.
6. Citizenship or place of organization:
USA
7. Sole Voting Power:
Yes - 119,990 Shares
8. Shared Voting Power:
No
9. Sole Dispositive Power:
Yes - 119,990 Shares
10. Shared Dispositive Power:
No
11. Aggregate Amount Beneficially owned by Each Reporting Person
119,990
<PAGE>
Page 3 of 3 Pages
12. Check box if the aggregate amount in row (11) excludes
certain shares:
Not applicable.
13. Percent of Class represented by amount in Row (11).
5.9%
14. Type of Reporting Person
EP/CO/IN/OO
ITEM 1. SECURITY AND ISSUER
This statement relates to the common stock, $.0001 of DynamicWeb Enterprises,
Inc., a New Jersey Corporation (the "Company"). The Company's principal
executive offices are located at 271 Route 46 West, Building F, Fairfield,
New Jersey 07013.
ITEM 2. IDENTITY AND BACKGROUND
119,990 Shares - Sierra Growth & Opportunity, Inc.
(new) 551 Fifth Avenue, Suite 605
New York, New York 10017
100% of the common stock of Sierra is owned by John P. Figliolini.
Mr. Figliolini is a registered rep and investment banker. During the last
five years, the Reporting Individual has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) nor been
a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction resulting in him being subject to a judgment, 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. The Reporting Individual is a
United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No monetary compensation was paid to the Company by the Reporting Individual
for 119,990 shares. These shares were issued to the Reporting Individual by the
Company as compensation to the Reporting Individual for finder fees and
financing fees performed for the Company.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the acquisition of the common stock is to make a speculative
investment and in order to provide consulting services and financing services
to the Company relating to past acquisition and financings.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
According to information supplied to the Reporting Individual by the Company,
the number of shares of common stock outstanding as of November 10, 1997
is 2,000,000 (new). Accordingly, the Reporting Individual is the beneficial
owner of 119,990 shares which is 5.9% of the outstanding common stock calculated
in accordance with Rule 13-D-3(d)(i). The Reporting Individual will have
sole voting and dispositive power with respect to these shares.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Other than the purchase of these shares, there are no other contracts,
arrangements, understandings or relationships (legal or otherwise) between
the Reporting Individual and any other person with respect to any securities
of the Company, including but not limited to, transfer or voting of any of
the securities of the Company, finder's fees, joint ventures, loan or option
arrangements, puts or calls guarantee of profits, division of profits and loss,
or the withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
Dated: November 14, 1997 /S/ JOHN P. FIGLIOLINI
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JOHN P. FIGLIOLINI
