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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)
Equity Growth Systems, inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
294698105
- --------------------------------------------------------------------------------
(CUSIP Number)
G. Richard Chamberlin, Esquire
1941 Southeast 51st Terrace
Ocala, Florida 34471
(352) 694-6714
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 25, 1999
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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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [_].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 4 Pages)
- ----------
(1) 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 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).
(SC13D-07/98)
<PAGE>
CUSIP No. 294698105 13D Page 2 of 4 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Yankee Companies, Inc. 59-3532520
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
AF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America, Florida
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
635,000
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
635,000
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
635,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 294698105 13D Page 3 of 4 Pages
________________________________________________________________________________
Item 1. Security and Issuer.
Common Stock
Equity Growth Systems, inc.
8001 DeSoto Woods Drive
Sarasota, Florida 34243
________________________________________________________________________________
Item 2. Identity and Background.
(a) The Yankee Companies, Inc.
(b) 902 Clint Moore Road, Suite 136; Boca Raton, Florida 33487
(c) Company engaged in provision of diversified consulting to other
coporations
(d) None
(e) None
(f) United States of America, Florida
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
Stock issued in lieu of payment of old liabilities in conjunction with the
Calvo Settlement Agreement is filed as an exhibit to the Issuer's annual report
on Form 10-KSB for period ended December 31, 1998 filed on May 26, 1999.
________________________________________________________________________________
Item 4. Purpose of Transaction.
(a) Stock issued in lieu of payment of old liabilities in conjunction with
the Calvo Settlement Agreement filed as an exhibit to the annual report on Form
10-KSB for period ended December 31, 1998 filed on May 26, 1999.
(b) Pursuant to terms of consulting agreement with Issuer The Yankee
Companies, Inc., has the right to acquire substantial additional securities of
the Issuer. The Yankee Companies, Inc., consulting agreement is filed as an
exhibit to the Issuer's annual report on Form 10-KSB for period ended December
31, 1998 filed on May 26, 1999.
(c) Not Applicable
(d) Not Applicable
(e) Not Applicable
(f) Not Applicable
(g) Not Applicable
(h) Not Applicable
(i) Not Applicable
(j) Not Applicable
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer.
(a) 635,000 9.4%
(b) Sole voting and dispositive power 635,000
(c) None other than as discussed in this report
(d) Not Applicable
(e) Not Applicable
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None other than as described in the Issuer's annual report on Form 10-KSB for
period ended December 31, 1998 filed on May 26, 1999, such disclosure being
incorproated by reference.
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
None other than as incoporated by reference to the Issuer's annual report on
Form 10-KSB for period ended December 31, 1998 filed on May 26, 1999.
________________________________________________________________________________
<PAGE>
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.
June 3, 1999
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(Date)
/s/ Leonard M. Tucker /s/
----------------------------------------
(Signature)
Leonard M. Tucker, President
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(Name/Title)
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
