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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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HITK Corporation
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(Name of Issuer)
Common Stock, $0.001 par value
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(Title of Class of Securities)
404195109
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(CUSIP Number)
John Gitlin
3008 Falls Church Lane
Mesquite, Texas 75149, (972) 289-0392
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 3, 2000
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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 Section 240.13d-1(e), Section 240.13d-1(f) or Section
240.13d-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 Section 240.13d-7(b) 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).
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SCHEDULE 13D
CUSIP No. 404195109 Page 2 of 4 Pages
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(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John Gitlin
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS*
Attorney fees owed to reporting person by issuer.
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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(7) SOLE VOTING POWER
500,000
NUMBER OF --------------------------------------------------
SHARES (8) SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY --------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 500,000
PERSON --------------------------------------------------
WITH (10) SHARED DISPOSITIVE POWER
-0-
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9%
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- -
(14) TYPE OF REPORTING PERSON*
IN
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- -
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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Page 3 of 4 Pages
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Item 1. SECURITY AND ISSUER.
This Schedule 13D (this "Filing") relates to the Common Stock, $0.001
par value ("HITK Corporation Common Stock"), and voting and other contractual
rights relating thereto, of HITK Corporation, a Delaware corporation
(the "Company"), which has its principal executive offices located at 68
Schraalenburg Road, Harrington Park, NJ 07640. The purpose of this Filing is to
reflect the beneficial ownership of HITK Corporation Common Stock by John
Gitlin.
Item 2. IDENTITY AND BACKGROUND.
(a) Mr. John J. Gitlin ("Mr. Gitlin")
(b) 3008 Falls Church Lane, Mesquite, Texas 75149.
(c) Vice President of HITK Corporation.
(d) Mr. Gitlin has not, during the last five years, been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) Mr. Gitlin has not, during the last five years, been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or
is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation
with respect to such laws.
(f) Mr. Gitlin is a citizen of the United States.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Mr. Gitlin represented HITK Corporation following the confirmation of
the Company's plan of reorganization and agreed to defer payment of his fees at
the request of the Company during the pendency of the Company's consummation of
its plan under Chapter 11 of the Bankruptcy Code. The purchase price for the
500,000 shares of stock issued to Mr. Gitlin in the amount of $7,500.00 was
applied against the outstanding fees owed to him by the issuer.
Item 4. PURPOSE OF TRANSACTION.
The person signing this Filing does not have any specific plans or
proposals which relate to or would result in any extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries; a sale or transfer of a material amount of
assets of the Company or any of its subsidiaries; any change in the present
board of directors or management of the Company; any change in the present
capitalization or dividend policy of the Company; any other material change in
the Company's business or corporate structure; changes in the Company's charter,
bylaws or instruments corresponding thereto or other actions which may impede
the acquisition of control of the Company by any person; causing a class of
securities of the Company to be delisted from a national securities exchange or
to cease to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; a class of securities of the Company
becoming eligible for termination or registration pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934, as amended; or any action similar to any
of those enumerated above; but such persons reserve the right to propose or
undertake or participate in any of the foregoing actions in the future.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Mr. Gitlin is deemed to beneficially own 500,000 shares of HITK
Corporation Common Stock or 9% of the issued and outstanding shares of the
Company's stock. The percentage calculations are based upon 3,346,630 shares of
HITK Corp. Common Stock issued and outstanding as of January 3, 2000, as
reported by American Stock Transfer and Trust Co., the transfer agent for the
issuer plus a total of 2,100,000 shares which were issued on January 3, 2000 by
HITK Corp., including the 500,000 shares to Mr. Gitlin. The total number of
shares reported by American Stock Transfer and Trust Co. includes all issued and
outstanding shares under the name HITK Corporation as well as all shares still
held in the name of High Technology Capital Corporation the predecessor name of
the issuer.
(b) Mr. Gitlin may be deemed to have sole voting and dispositive power
over 500,000 shares of HITK Corporation Common Stock.
(c) None
(d) None.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
January 4, 2000
/s/ John J. Gitlin
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John J. Gitlin
