SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No.___1________)*
Engex, Inc.
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(Name of Issuer)
Common Stock, $.10 par value
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(Title of Class of Securities)
292851102
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(CUSIP Number)
December 31, 1998
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(Date of Event)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[XX] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" 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 (however, see the
Notes).
Page 1 of 5 pages
<PAGE>
CUSIP No. 292851102 13G Page 2 of 5 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David Selengut
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 82,200
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 82,200
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
82,200
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.4%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 292851102 13G Page 3 of 5 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Venturetek, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 74,600
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
74,600
- ----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
74,600
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 4 of 5 pages
Item 1.
(a) Name of Issuer:
Engex, Inc.
(b) Address of Issuer's Principal Executive Offices:
44 Wall Street
New York, New York 10005
Item 2.
(a) Name of Person Filing:
This statement is filed on behalf of David Selengut ("Selengut")
and Venturetek, L.P. ("Venturetek") (together, the "Reporting
Parties"). See previously filed Exhibit A which is their agreement to
file this Schedule on behalf of each of them.
(b) Address of Principal Business Office or, if None, Residence:
The Reporting Parties' business address is 370 Lexington Ave.
New York, NY 10017
(c) Citizen:
Venturetek is a Delaware partnership and Selengut is a citizen
of the United States.
(d) Title of Class of Securities:
Common Stock, $.10 par value ("shares").
(e) CUSIP#:
292851102
Item 4. Ownership:
(a)(b) As of December 31, 1998, the Reporting Parties may be
deemed to beneficially own 74,600 shares or 7.6% of the Issuer's
shares owned directly by Venturetek and 7,600 shares owned
directly by Sutton Partners, LP.(1)
(c) Selengut, as the general partner of Venturetek and Sutton
Partners, LP, has sole voting and dispositive control of shares owned
by each of them.
__________________________________________________________________________
(1) Not included are (i) 86,200 shares owned by a limited partnership, some of
whose limited partners are limited partners of Venturetek, LP;
(ii) an aggregate of 26,328 shares owned by Ruki Renov, either directly
by her, held in custodial accounts under the Uniform Gift to Minors Act
UGMA), or held in family partnerships; (iii) an aggregate of 4,310
shares owned by Esti Stahler in custodial accounts under the Uniform
Gift to Minors Act (UGMA) and in a family partnership. Ms. Renov and
Ms. Stahler are limited partners of Venturetek LP, and they are
children of J. Morton Davis, who is the Chairman, President, and
investment advisor of the Issuer, and may also be deemed to beneficially
own 34.2% of the Issuer.
<PAGE>
Page 5 of 5 pages
Item 10. Certification:
By signing below we certify that to the best of our knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as participant in any
transaction having such purpose of effect.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
Reporting Persons, each such person or entity certifies that the information set
forth in this statement is true, complete and correct.
Venturetek, L.P.
/s/ David Selengut
Dated: February 8, 1999 By:________________________________
New York, New York David Selengut
General Partner
/s/ David Selengut
Dated: February 8, 1999 By:_________________________________
New York, New York David Selengut
