<PAGE>
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
SEILER POLLUTION CONTROL SYSTEMS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.0001 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
8160291102
- --------------------------------------------------------------------------------
(CUSIP Number)
February 14, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of 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)
================================================================================
<PAGE>
CUSIP No. 8160291102 13G
----------
1. Name of Reporting Person
Dominion Capital Fund, Limited
I.R.S. Identification No. of Above Person (entities only)
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [x]
3. SEC Use Only
4. Citizenship or Place of Organization
Bahamas
Number of Shares 5. Sole Voting Power
Beneficially 402,435 (see Note A)
Owned by Each 6. Shared Voting Power
Reporting Person N/A
With 7. Sole Dispositive Power
402,435 (see Note A)
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned by Each Reporting Person
402,435 (see Note A)
10. Check if the Aggregate Amount in Row 9 Excludes Certain Shares [ ]
<PAGE>
11. Percent of Class Represented by Amount in Row 9
8.7% (see Note A)
12. Type of Reporting Person
CO
ITEM 1 (a) NAME OF ISSUER
SEILER POLLUTION CONTROL SYSTEMS, INC.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
555 Metro Place North, Suite 100, 4th Fl.
Dublin, OH 43017
ITEM 2 (a) NAME OF PERSON FILING
Dominion Capital Fund, Limited
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE
c/o Citco Fund Services, Bahamas Financial Centre, 3rd Floor
Charlotte & Sherley Street
P.O. Box CB-13136
Nassau, Bahamas
(c) CITIZENSHIP
Bahamas
(d) TITLE OF CLASS OF SECURITIES
Common Stock, $.0001 par value
(e) CUSIP NUMBER
8160291102
<PAGE>
ITEM 3 If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in section 3(b) of the
Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c), check this
box [x]
ITEM 4 OWNERSHIP
(a) Amount beneficially owned:
402,435 (see Note A)
(b) Percent of class:
8.7% (see Note A)
<PAGE>
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 402,435 (see Note A)
(ii) Shared power to vote or to direct the vote: N/A
(iii) Sole power to dispose or to direct the disposition of:
402,435 (see Note A)
(iv) Shared power to dispose or to direct the disposition of: N/A
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[ ]
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON
N/A
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
N/A
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9 NOTICE OF DISSOLUTION OF GROUP
See Note B.
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 are not
being 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.
<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.
February 19, 1999
-------------------------------------
(Date)
DOMINION CAPITAL FUND, LIMITED
By: /s/ Nina Ray Carl O'Connell
-------------------------------------
INTER CARIBBEAN SERVICES (BAHAMAS) LTD
DIRECTOR
-------------------------------------
(Name/Title)
<PAGE>
NOTE A
This Form 13G represents ownership of shares of the Common Stock of the Issuer
as follows:
Reporting Person 402,435 shares 8.7%
In addition, the Reporting Person holds $3,207,742 principal amount of the
Issuer's Convertible Debentures due January 28, 2001. Under their terms, the
Debentures are generally convertible into shares of Common Stock of the Issuer,
where conversions are effected at a conversion rate equal to 70% of the average
of the closing bid price of a share of Common Stock of the Issuer during the 5
trading days prior to the conversion.. Such Debentures, however, are not
currently fully convertible into shares of Common Stock of the Issuer by the
Reporting Person, because of a provision in Section 3.2(j) of each of the
Debentures which restricts its right to convert if, the aggregate conversions
would exceed 4.99% of the outstanding shares of Common Stock of the Issuer. Were
such restriction not included in the Debentures, based on current market prices
of such Common Stock at about $.0875 per share, the Reporting Person would be
able to convert the Convertible Debentures into 5,237,130 shares of Common
Stock.
If all of the Debentures were convertible and converted, the Reporting Person's
total shares would then be 5,639,565 and its percentage ownership interest would
then be 57.1%. The exact number of shares which would be issuable to the
Reporting Person upon such conversions can not be specified at this time,
because the actual conversion rate at the time of any given conversion may be
higher or lower.
Reporting Person disclaims any beneficial interest in or voting rights in the
shares of Common Stock of the Issuer held by any other holder of shares of the
Issuer.
The share amounts and prices in this report take into account the 1:6 reverse
stock split effected by issuer on or about October 1, 1998.
<PAGE>
NOTE B
Reporting Person previously filed Schedule 13G together with Sovereign
Partners, L.P. ("Sovereign"), a Delaware limited partnership. Sovereign was
named as the "Reporting Person" in such Schedule 13G. In such filing the parties
specifically stated that "Each of [Sovereign] and [the Reporting Person]
disclaims any intent to act in concert with the other; they may be treated as a
Group solely for definitional purposes of this Form 13G and accordingly are
making this joint filing."
In an amendment to said Schedule 13G, the Reporting Person and
Sovereign stated "To the extent any such Group existed, [Sovereign] and [the
Reporting Person] hereby give notice of dissolution of such Group as of a date
no later than February 14, 1999."
Commencing with the filing of this Schedule 13G, all further filings
with respect to transactions in the security of Issuer referred to in such
previously filed Schedule 13G will be filed, if required, by each of Reporting
Person and Sovereign in their individual capacities.
Dated: February 19, 1999
DOMINION CAPITAL FUND, LIMITED
By: /s/ Nina Ray Carl O'Connell
--------------------------------------
INTER CARIBBEAN SERVICES (BAHAMAS) LTD
DIRECTOR
