SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No.___3________)*
Engex, Inc.
-----------------------------------------------------
(Name of Issuer)
Common Stock, $.10 par value
-------------------------------------------------------------
(Title of Class of Securities)
292851102
-----------------------------------------------------
(CUSIP Number)
March 23, 2000
----------------------------------------------------
(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 7 pages
<PAGE>
CUSIP No. 292851102 13G Page 2 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kinder Investments, 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
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 96,500
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
96,500
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,500
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 292851102 13G Page 3 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peyser Associates, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 96,500
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
96,500
- ----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,500
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO.
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 292851102 13G Page 4 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dov Perlysky
- --------------------------------------------------------------------------------
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 101,300
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 101,300
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
101,300
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.4%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 5 of 7 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:
Kinder Investments, L.P. ("Kinder Investments"); Peyser
Associates, LLC ("Peyser"), the general partner of Kinder
Investments; and Dov Perlysky ("Perlysky"), the managing member
of Peyser (together, the "Reporting Parties"). See 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 100 Park Avenue,
28th Floor, New York, New York 10017.
(c) Citizen:
Kinder Investments is a New York partnership, Peyser is a New
York company, and Perlysky 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 March 22, 2000, Peyser and Kinder may be deemed to
beneficially own 96,500 shares or 9.9% of the Issuer's shares
owned directly by Kinder Investments (1). Perlysky may be
deemed to beneficially own 101,300 shares or 10.4% of the
Issuer's shares, consisting of 96,500 shares owned directly by
Kinder Investments and 4,800 shares owned directly by Perlysky's
wife (2).
(c) Perlysky, as the managing member of Peyser, has sole voting and
dispositive control of shares owned by Kinder Investments.
__________________________________________________________________________
(1) Not included are (i) 109,100 shares owned by a limited partnership,
some of whose limited partners are limited partners of Kinder Investments; (ii)
an aggregate of 91,023 shares owned by Ruki Renov, either directly by her,
directly by her husband, held in custodial accounts under the Uniform Gift to
Minors Act (UGMA), or held in family partnerships; and (iii) an aggregate of
26,170 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 Kinder Investments, 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.
(2) Perlysky disclaims beneficial interest of shares owned by his wife
for any purpose.
<PAGE>
Page 6 of 7 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.
Kinder Investments, L.P.
/s/ Dov Perlysky
Dated: March 23, 2000 By:________________________________
New York, New York Dov Perlysky
Managing Member
Peyser Associates, LLC
Peyser Associates, LLC
/s/ Dov Perlysky
Dated: March 23, 2000 By:_________________________________
New York, New York Dov Perlysky
Managing Member
/s/ Dov Perlysky
Dated: March 23, 2000 _________________________________
New York, New York Dov Perlysky
Page 7 of 7 pages
EXHIBIT A
AGREEMENT
JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree to jointly prepare and file with regulatory
authorities a Schedule 13G and any future amendments thereto reporting each
of the undersigned's ownership of securities of Engex, Inc. and hereby affirm
that such Schedule 13G is being filed on behalf of each of the undersigned.
Kinder Investments, L.P.
/s/ Dov Perlysky
Dated: March 23, 2000 By:________________________________
New York, New York Dov Perlysky
Managing Member
Peyser Associates, LLC
Peyser Associates, LLC
/s/ Dov Perlysky
Dated: March 23, 2000 By:_________________________________
New York, New York Dov Perlysky
Managing Member
/s/ Dov Perlysky
Dated: March 23, 2000 _________________________________
New York, New York Dov Perlysky
