UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
CAPRIUS, INC.
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(Name of Issuer)
Common Stock, $ .01 par value
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(Title of Class of Securities)
14066K107
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(CUSIP Number)
Noah Klarish & Associates, P.C.
230 Park Avenue, 32nd Floor
New York, NY 10169 (212) 973-1111
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 31, 1998
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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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Check the following box is a fee is being paid with this statement |_|. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
* 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).
<PAGE>
SCHEDULE 13D
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CUSIP No. 14066K107 Page 2 of 6 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Albert Investment Strategies, Inc.
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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
WC, PF
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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
Florida
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7 Sole Voting Power (includes 407,064 shares held by
Number of Albert Investment Associates, L.P.
Shares 607,564 and 200,500 shares held by various
Beneficially accounts over which Albert
Owned By Investments Strategies, Inc. has
Each voting power)
Reporting --------------------------------------------------------
Person 8 Shared Voting Power
With
0
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9 Sole Dispositive Power (includes 407,064 shares held by
Albert Investment Associates,
607,564 L.P. and 200,500 (includes
407,064 shares held by Albert
Investment Associates, L.P. and
200,500 shares held by various
accounts over which Albert
Investments Strategies, Inc. has
discretionary authority)
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10 Shared Dispositive Power shares held by various
accounts over which Albert
200,500 Investments Strategies, Inc.
has discretionary authority
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
607,564
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
8.26%
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14 Type of Reporting Person
CO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
This statement relates to the Common Stock, $.01 par value per share
(the "Common Stock"), of Caprius, Inc., a Delaware corporation (the "Issuer").
The Issuer maintains its principal executive office at 46 Jonspin Road,
Wilmington, MA 01887.
Item 2. Identity and Background.
(a) This statement is filed by (i) Albert Investment Strategies,
Inc., a Florida corporation ("Albert Investment Strategies"), with respect to
shares of the Issuer's Common Stock held in investment accounts over which
Albert Investment Strategies has discretionary authority, and (ii) Albert
Investment Associates, L.P., a Delaware limited partnership (the "Albert
Partnership") with respect to shares of the Issuer's Common Stock held by it.
Albert Investment Strategies and the Albert Partnership shall sometimes be
collectively referred to herein as the "Reporting Person."
(b) The Reporting Person filed an initial Schedule 13D for an event
of July 10, 1998 (the "Initial Schedule"). Except to the extent set forth in
this Amendment, the information in the Initial Schedule remains unchanged.
Item 3. Source and Amount of Funds or Other Consideration.
Albert Investment Strategies has discretionary authority over
accounts which own 200,500 shares of the Issuer's Common Stock for which such
accounts paid a total of $320,995.13 from the personal funds of the beneficial
owners of such accounts. The Albert Partnership directly owns 407,064 shares of
the Issuer's Common Stock for which it paid $626,937.16 from its working
capital.
Item 5. Interest in Securities of the Issuer.
(a) The number of shares of the Issuer's Common Stock and the
percentage of the outstanding shares (based upon 7,358,934 shares outstanding as
reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
March 31, 1998) directly beneficially owned by each Reporting Person is as
follows:
Percentage of
Name Number of Shares Outstanding Shares
- ---- ---------------- ------------------
Albert Partnership 407,064 5.5%
Albert discretionary accounts 200,500 2.7%
<PAGE>
(b) Albert Investments Strategies has sole power to vote and dispose
or to direct the disposition of 607,564 shares of the Issuer's Common Stock.
(c) See Appendix I annexed hereto.
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<PAGE>
Signatures
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: July 31, 1998
ALBERT INVESTMENTS STRATEGIES, INC.
By: /s/ Ira Albert
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Ira Albert, President
ALBERT INVESTMENT ASSOCIATES, L.P.
By: ALBERT INVESTMENT STRATEGIES, INC.
By: /s/ Ira Albert
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Ira Albert, President
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<PAGE>
APPENDIX 1
TRANSACTIONS IN CAPRIUS, INC
COMMON STOCK WITHIN THE PAST 60
DAYS OTHER THAN THOSE PREVIOULSY
REPORTED IN INITIAL SCHEDULE 13D
--------------------------------
All transactions were open market purchases and the commissions are
included in the price of the shares.
1. Albert Investment Associates, L.P.
No. of
Trade Shares Cost of
Date Purchased Price Per Share Purchases
---- --------- --------------- ---------
7/21/98 2,000 $1.81 $ 3,668.75
7/22/98 1,000 1.84 1,867.50
7/24/98 5,000 1.63 8,228.75
7/28/98 20,000 1.69 34,154.50
7/30/98 15,000 1.67 25,147.50
7/31/98 10,000 1.73 17,516.25
7/31/98 5,000 1.63 8,228.75
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58,000 $98,812.00
2. Other Discretionary Accounts
Trade No. of Shares Price Per Cost of
Date Purchased Share Purchases
---- --------- ----- ---------
7/21/98 40,000 $1.81 $72,500.00
7/30/98 5,000 1.63 8,125.00
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45,000 $80,625.00
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