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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A No. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 31, 1996
DYNAMICWEB ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
New Jersey 0-10039 22-2267658
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Ident. No.)
271 Route 46 West, Building F,
Suite 209, Fairfield, New Jersey 07004
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (973) 244-1000
N/A
(Former name or former address, if changed since last report.)
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Item 2. Changes in Securities and Use of Proceeds.
On or about March 26, 1996, the Company issued 735,000
shares of Common Stock to Berkshire International Finance, Inc.,
New York, New York, as a finder's fee and 75,000 shares of Common
Stock to William N. Levy, Esquire, Voorhees, New Jersey, as
payment for legal services, each in connection with the Company's
acquisition of DynamicWeb Transaction Systems, Inc.
The issuances of securities in the transactions described
above were deemed to be exempt from registration under the
Securities Act of 1933, as amended, by virtue of Section 4(2) or
Regulation D promulgated thereunder. The purchasers in each case
represented their intention to acquire the securities for
investment only and not with a view to the distribution thereof.
Required disclosure was provided, or access to information in
lieu of disclosure was present. Required legends are affixed to
the stock certificates issued in such transactions. <PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this Form 10-QSB/A to be
signed on its behalf by the undersigned hereunto duly authorized.
DYNAMICWEB ENTERPRISES, INC.
Dated: November 12, 1997
By /s/ Steve Vanechanos, Jr.
Steve Vanechanos, Jr.
Chief Executive Officer
