<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
GAP INSTRUMENT CORP.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
364766 10 5
(CUSIP Number)
Stephen W. Wilk, Esq., 160 Broadway, New York, NY 10038 (212) 267-7992
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
July 3, 1996
(Date of Event which Requires the 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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on the remainder of this cove 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> 2
SCHEDULE 13D
CUSIP NO. 364766 10 5 PAGE 2 OF 4 PAGES
- --------------------------------------------------------------------------------
Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
ELOCO, INC.
- --------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group* (a) [ ]
2 (b) [ ]
- --------------------------------------------------------------------------------
SEC Use Only
3
- --------------------------------------------------------------------------------
Source of Funds*
4 OO
- --------------------------------------------------------------------------------
Check Box if Disclosure of Legal Proceedings is Required Pursuant to
5 Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
Citizenship or Place of Organization
6 NEVADA
- --------------------------------------------------------------------------------
NUMBER OF Sole Voting Power
SHARES 7: 34,496,732 Shares
BENEFICIALLY --------------------------------------------------------------
OWNED BY Shared Voting Power
EACH 8: 7,829,237 Shares
REPORTING --------------------------------------------------------------
PERSON Sole Dispositive Power
WITH 9: 34,496.732 Shares
--------------------------------------------------------------
Shared Dispositive Power
10: 7.829,237 Shares
- --------------------------------------------------------------------------------
Aggregate Amount Beneficially Owned By Each Reporting Person
11 42,325,969 shares, includes 7,829,237, 25%of the shares owned by
Advanced Logic Resources Inc. of whom Reporting Person owns a 25%
interest
- --------------------------------------------------------------------------------
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
12 [ ]
- --------------------------------------------------------------------------------
Percent of Class Represented by Amount in Row (11)
13 9.66%
- --------------------------------------------------------------------------------
Type of Reporting Person*
14 CO
- --------------------------------------------------------------------------------
<PAGE> 3
Page 3 of 4 Pages
ITEM 1. SECURITY AND ISSUER
Common Stock of Gap Instrument Corp., 100 Horse Block Road, Yaphank, NY
11980.
ITEM 2. IDENTITY AND BACKGROUND
a. Eloco, Inc. A Nevada corporation
b. 246 Mill Road, Yaphank, NY 11980.
c. Principal business: holding company
d. none
e. none
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The shares were issued by the Issuer in consideration of forgiveness a
$50,000 loan and use of technology.
ITEM 4. PURPOSE OF TRANSACTION
The shares were acquired for investment.
a. Additional securities may be purchased for investment.
b. no
c. no
d. no
e. no
f. no
g. no
h. no
i. no
j. no
ITEM 5. INTEREST IN SECURITIES OF ISSUER
a. 42,325,969 shares - 9,66% (includes 7,829,237 shares 25% of
the shares owned by Advanced Logic Resources, Inc. The
reporting person owns 25% of Advanced Logic Resources, Inc.
b. The reporting person has sole voting and sole dispositive
power of 34,496,732 shares and has shared voting and
dispositive power of 7,829,237 shares owned by Advanced Logic
Resources, Inc.
c. On July 24, 1994 the reporting person was issued 30,000,000
shares by the Issuer in consideration of forgiveness of a
$64,750 loan. On October 31, 1995 it was issued 36,732 shares
by the Issuer for the use of technology valued at $.005 per
share. On November 30, 1995 it was issued 300,000 shares by
the Issuer for the use of technology valued at $.005 per
share. On February 26, 1996 it sold 300,000 shares at $.25 per
share in a private transaction. On June 16, 1996 it was issued
3,500,000 shares by the Issuer for the use of technology
valued at $.00001 par value per share. On June 26,
<PAGE> 4
Page 4 of 4 Pages
1996 it sold 10,000 shares at $.60 per share pursuant to Rule
144 of the Securities Act of 1933, as amended (the "Act"). On
June 27, 1996 it sold 10,000 at $.60 per share pursuant to the
Act. On July 2, 1996 it sold 10,000 shares at $.60 per share
pursuant to the Act. On July 3, 1996 it sold 10,000 shares at
$.625 per share pursuant to the Act.
d. not applicable
e. not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
See answer to item 5.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: July 9, 1997
ELOCO, INC.
by: /s/ JAMES EDWARDSON
--------------------------
JAMES EDWARDSON, President
4
<PAGE> 5
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
GAP INSTRUMENT CORP.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
364766 10 5
(CUSIP Number)
Stephen W. Wilk, Esq., 160 Broadway, New York, NY 10038 (212) 267-7992
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July 1993
(Date of Event which Requires the 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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on 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> 6
SCHEDULE 13D
CUSIP NO. 364766 10 5 PAGE 2 OF 4 PAGES
--------------- --- ---
Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
ELOCO, INC.
Check the Appropriate Box if a Member of a Group* (a) [ ]
2 (b) [ ]
SEC Use Only
3
Source of Funds*
4 OO
Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
5
Citizenship or Place of Organization
6 NEVADA
NUMBER OF Sole Voting Power
SHARES 7: 1,000,000 Shares
BENEFICIALLY
OWNED BY Shared Voting Power
EACH 8: 127,500 Shares
REPORTING
PERSON Sole Dispositive Power
WITH 9: 1,000,000 Shares
Shared Dispositive Power
10: 127,500 Shares
Aggregate Amount Beneficially Owned By Each Reporting Person
11 1,127,500 shares, includes 127,500 shares owned by Advanced Logic
Resources Inc. of whom Reporting Person owns a 25% interest
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
[ ]
12
Percent of Class Represented by Amount in Row (11)
13 28.65%
Type of Reporting Person*
14 CO
<PAGE> 7
Page 3 of 4 Pages
ITEM 1. SECURITY AND ISSUER
Common Stock of Gap Instrument Corp., 100 Horse Block Road, Yaphank, NY
11980.
ITEM 2. IDENTITY AND BACKGROUND
a. Eloco, Inc. A Nevada corporation
b. 246 Mill Road, Yaphank, NY 11980.
c. Principal business: holding company
d. none
e. none
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The 1,000,000 shares were issued by the Issuer in consideration of
forgiveness of a $50,000 loan.
ITEM 4. PURPOSE OF TRANSACTION
The shares were acquired for investment.
a. Additional securities may be purchased for investment.
b. no
c. no
d. no
e. no
f. no
g. no
h. no
i. no
j. no
ITEM 5. INTEREST IN SECURITIES OF ISSUER
a. 1,127,500 shares - 28.65% (includes 127,500 shares of the
510,000 shares owned by Advanced Logic Resources, Inc. The
reporting person owns 25% of Advanced Logic Resources, Inc.
b. The reporting person has sole voting and sole dispositive
power of 1.,000,000 shares and has shared voting and
dispositive power of 127,500 shares owned by Advanced Logic
Resources, Inc.
c. In July 1993 the reporting person was issued 510,000 shares by
the Issuer in consideration of forgiveness of a $50,000 loan.
d. not applicable
e. not applicable
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Page 4 of 4 Pages
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
See answer to item 5.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: July 9 , 1997
ELOCO, INC.
by:/s/ JAMES EDWARDSON
---------------------------
JAMES EDWARDSON, President
