UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Display Technologies, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
25469V102
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(CUSIP Number)
July 30, 1999
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(Date of Event Which Requires Filing This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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CUSIP NO. 25469V102 13G Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
Raymond James Capital Partners, 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
Delaware
________________________________________________________________________________
|
| 5. SOLE VOTING POWER
|
| 1,262,857
|________________________________________________________________
NUMBER OF |
SHARES | 6. SHARED VOTING POWER
BENEFICIALLY |
OWNED BY | None
EACH |________________________________________________________________
REPORTING |
PERSON WITH | 7. SOLE DISPOSITIVE POWER
|
| 1,262,857
|________________________________________________________________
|
| 8. SHARED DISPOSITIVE POWER
|
| None
_______________|________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,262,857 shares
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
Not applicable
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.69%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON
PN
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Item 1. (a) NAME OF ISSUER: Display Technologies, Inc. ("Company")
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5029 Edgewater Dr.
Orlando, Florida 32810
Item 2. (a) PERSON FILING: Raymond James Capital Partners, L.P. ("Filer")
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
880 Carillon Parkway
St. Petersburg, Florida 33716
(c) CITIZENSHIP: U.S.A.
(d) TITLE OF CLASS OF SECURITIES: Common Stock
(e) CUSIP NUMBER: 25469V102
Item 3. FILING.
This Schedule is filed pursuant to Rule 13d-1(c).
Item 4. OWNERSHIP.
(a) Amount Beneficially Owned:
On July 30, 1999, the Company, the Filer, and certain other
purchasers entered into a Securities Purchase Agreement
pursuant to which the Filer purchased 40,000 shares of the
Company's Series A Convertible Preferred Stock (the "Preferred
Shares") and warrants to purchase 120,000 shares of the common
stock of the Company (the "Warrants"). The Preferred Shares
are convertible at the option of the Filer into 1,142,857
shares (subject to antidilution adjustment) of common stock at
any time. The Warrants are exercisable at any time prior to
July 30, 2004. Thus, the Filer beneficially owns 1,262,857
shares of the Company's common stock.
(b) Percent of Class: 16.69%
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(c) Number of shares as to which reporting person has:
(i) Sole voting power 1,262,857
(ii) Shared voting power 0
(iii) Sole dispositive power 1,262,857
(iv) Shared dispositive power 0
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not applicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
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Item 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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.
8/5/99
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(Date)
RAYMOND JAMES CAPITAL PARTNERS, L.P.
By: RJC Partners, L.P., its General Partner
By: RJC Partners, Inc., its General Partner
By: /s/ Gary A. Downing
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Gary Downing, President
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