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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Palmair, Inc.
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(Last) (First) (Middle)
55 Fredrick Street, Box CB 13039
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(Street)
Nassau, Bahamas
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
AmeriNet Group.com, Inc. ABUY
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
July 99
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5. If Amendment, Date of Original (Month/Year)
Not Applicable
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ ] Officer (give title below) [X] Other (specify below)
7.5% Owner
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
________________________________________________________________________________
Page 1
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
Page 2
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 0.02 7/29/99 P 200,000 12/9/98 12/31/2000 Common 200,000 0.02 0 D
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(a) Charles Scimeca's (former President and Director of the Issuer) option to purchase 200,000 shares has been sold to Palmair, Inc
for $4000.
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</TABLE>
Explanation of Responses:
/s/ Chrisje Gentis-Vermeulen 10/5/99
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Page 3
<PAGE>
Exhibit A
Common Stock Purchase Warrant dated December 9, 1999 is filed as an exhibit
to the Issuer's report on Form 10-QSB for the fiscal quarter ended September 30,
1998.
Exhibit B
ASSIGNMENT & PURCHASE OF COMMON STOCK PURCHASE WARRANT AGREEMENT & INSTALLMENT
AGREEMENT
THIS AGREEMENT ENTERED INTO THIS 15TH DAY OF JULY 1999 BETWEEN CHARLES J.
SCIMECA HEREINAFTER REFERRED TO AS (SELLER) AND PALMAIR, INC., HEREAFTER
REFERRED TO AS (BUYER), FOR VALUABLE CONSIDERATION (SELLER) WILL ASSIGN/SELL HIS
COMMON STOCK PURCHASE WARRANT AGREEMENT ATTACHED INCLUDING ASSIGNMENT FORM AS
EXHIBIT (A) TO (BUYER) AS DESCRIBED IN STOCK TRANSFER & PURCHASE AGREEMENT DATED
JULY 5,1998 ATTACHED AS EXHIBIT (B). (SELLER) HAS RECEIVED FROM (BUYER)
$1,117.00 AS THE FIRST INSTALLMENT TOWARD PURCHASE PRICE AS DESCRIBED IN BUYER'S
LETTER ATTACHED AS EXHIBIT (C). REMAINING PAYMENT OD $2,883.00 WILL BE PAID IN
THREE EQUAL INSTALLMENTS OF $961.00 WITH NO INTEREST PAYABLE SEPTEMBER 1,1999,
OCTOBER 1, 1999 AND NOVEMBER 1,1999. IF THIS AGREEMENT HAS TO BE ENFORCED BY ANY
TYPE OF LEGAL ACTION THE PREVAILING PARTY SHALL BE ENTAILED TO THEIR LEGAL FEES.
PROOF OF AUTHORITY TO EXECUTE THIS AGREEMENT BY BUYER IS ATTACHED AS EXHIBIT
(D).
/S/ Charles J. Scimeca 7/15/99 C. Gentic Vermeulen 7/19/99
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SELLER DATE BUYER DATE
/s/ Carolyn J. Marchback /s/ Jan C. Gentis
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WITNESS WITNESS
Page 4
<PAGE>
Exhibit C
Letter from Palmair
July 5, 1999
Dear Charles:
I would like to exercise my option to purchase the warrant agreement you have to
purchase additional shares of Equity Growth Systems. At this time I do not
actually want to purchase the stock. Is it right that I have until December 31,
2000 or is it the year 2002 to purchase? Please inform me. You owe $1,117.00
from the interest due in the note with Diederich. If you deduct this from the
$4,000.00 due from me to pay for option, I owe you $2,883.00. I will send you
this promptly. Please recommend a lawyer to do all the forms you told me about.
Thank You,
/s/ Chrisje Gentis-Vermeulen
Page 5
<PAGE>
Exhibit D
RESOLUTION:
AUTHORIZE CONTRACT
RESOLVED, That the Corporation enter into a contract with CHARLES J. SCIMECA
for the general purposes of: EXERCISING PURCHASE WARRANT OPTION/EQUITY
GROWTH SYSTEMS
and all upon
such terms and conditions as are set forth in an agreement between the parties
as annexed hereto.
The undersigned hereby certifies that he/she is the duly elected and
qualified Secretary and the custodian of the books and records and seal of
Palmair, Inc. a corporation duly formed pursuant to the laws of the Bahamas and
the forgoing is a true record of a resolution duly adopted at a meeting of the
Board of Directors, and that said meeting was held in accordance with Bahamas
law and the Bylaws of the above-named Corporation on July 6,1999, and that said
resolution is now in full forceand effect without modification or recission.
IN WITNESS WHEREOF, I have executed my name as secretary and have hereunto
affixed the corporation seal of the above-named Corporation this 6 day of
July,1999.
A True Record.
Attest
/s/ Chrisje Gentis-Vermeulen
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Secretary
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