SCHEDULE 13D
Reg.§240.13d-101 (Schedule 13D) Information to be Included in Statements
Filed Pursuant to §240.13d-1(a) and Amendments Thereto Filed Pursuant to
§240.13d-2(a)
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1394 (Amendment No. )*
Biosynergy, Inc.
................................................................................
(Name of Issuer)
Common Stock (No Par Value)
................................................................................
(Title of Class of Securities)
090917 105
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(CUSIP Number)
Lauane C. Addis, 180 N. LaSalle St., Suite 3001, Chicago, IL 60601 312-236-4111
................................................................................
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
April 30, 1999
................................................................................
(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 §§240.13d-1(e), 240.13d-1(f) or
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 §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 he 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).
CUSIP No. 090917105
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1) Names of Reporting Persons I.R.S. Identification Nos. Of Above Persons
(entities only)
Stevia Company, Inc. - 36-2967419
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______________________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ..................................................................
(b)...................................................................
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3) SEC Use Only..............................................................
______________________________________________________________________________
4) Source of Funds (See Instructions) Not applicable
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______________________________________________________________________________
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) ...........
______________________________________________________________________________
6) Citizenship of Place of Organization Illinois
.....................................
______________________________________________________________________________
Number of Shares 7) Sole Voting Power .....0.........................
Beneficially Owned ___________________________________________________
by Each Reporting 8) Sharing Voting Power .......0....................
Person With ___________________________________________________
9) Sole Dispositive Power .....0....................
___________________________________________________
10) Shared Dispositive Power ...0...................
______________________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting Person ...0.....
______________________________________________________________________________
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)..
______________________________________________________________________________
13) Percent of Class Represented by Amount in Row (11) ......0%..............
______________________________________________________________________________
14) Type of Reporting Person (See Instructions).......co.....................
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<PAGE>
Item 1 Security and Issuer:
Common Stock (No Par Value)
Biosynergy, Inc.
1940 E. Devon
Elk Grove Village, IL 60007
Item 2(a) Name of Person Filing:
Stevia Company, Inc.
Fred K. Suzuki, President and Director
Lauane C. Addis, Secretary and Director
James F. Schembri, Director
Item 2(b) Principal Business or Residence Address:
1940 E. Devon
Elk Grove Village, IL 60007
Fred K. Suzuki
710 South Kennicott
Arlington Heights, IL 60007
Lauane C. Addis
1819 Orleans Court
Elk Grove Village, IL 60007
James F. Schembri
P.O. Box 250243
West Bloomfield, MI 48325
Item 2(c) Principal Business and Address:
Dormant producer of alternative sweetener
1940 E. Devon
Elk Grove Village, IL 60007
Fred K. Suzuki, President of Biosynergy, Inc.
710 South Kennicott
Arlington Heights, IL 60007
Lauane C. Addis, Attorney at Law
1819 Orleans Court
Elk Grove Village, IL 60007
3
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James F. Schembri, Retired
P.O. Box 250243
West Bloomfield, MI 48325
Item 2(d) Criminal Convictions:
None
Item 2(e) Civil Proceedings:
None
Item 2(f) Citizenship:
Organized under the laws of the State of Illinois.
Fred K. Suzuki - United States
Lauane C. Addis - United States
James F. Schembri - United States
Item 3 Source and Amount of Funds and Other Consideration:
Stevia Company, Inc. owed $64,045.43 to F.K. Suzuki
International, Inc. All 1,900,000 shares of Biosynergy,
Inc. common stock held by the reporting person were
exchanged for satisfaction of such debt.
Fred K. Suzuki - not applicable
Lauane C. Addis - not applicable
James F. Schembri - not applicable
Item 4 Purpose of Transaction:
The reporting person had been judicially dissolved and
was winding up its business.
Fred K. Suzuki - not applicable
Lauane C. Addis - not applicable
James F. Schembri - not applicable
4
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Item 5(a) Aggregate Number and Percentage of Securities:
1,900,000 shares were transferred, representing 13.76%.
After the transaction, the reporting person held no more
securities.
Fred K. Suzuki, Lauane C. Addis, James F. Schembri, solely
in their capacity as directors, and in the case of Lauane
C. Addis as Receiver, have the power to vote or dispose of the
securities. Such power may be excercised on behalf of the
reporting person only.
Item 5(b) Transactions Within the Past 60 Days:
F.K. Suzuki International, Inc. acquired 1,900,000 from the
reporting person in exchange for relinquishment of debt
totaling $64,045.43. The reporting person had dissolved
and was liquidating its assets.
Item 5(c) Power to Direct the Receipt of Dividends and Proceeds from
the Sale of the Securities:
The following individuals, as directors, and in the case of
Lauane C. Addis as Receiver, of Stevia Company, Inc. have
the power to direct the receipt of dividends and proceeds
from the sales of the securities:
Fred K. Suzuki
Lauane C. Addis
James F. Schembri
Item 5(e) Date Reporting Person Ceased to be Beneficial Owner of More
than 5%:
As of April 30, 1999, the reporting person ceased to be the
beneficial owner of more than 5% of the securities.
Item 6 Contracts, Arrangements, Understandings or Relationships
With Respect to the Securities of the Issuer:
None
Item 7 Exhibits:
Exhibit E-1 - Exchange Agreement between F.K. Suzuki
International, Inc. and Stevia Company, Inc. dated April 1,
1999.
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.
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STEVIA COMPANY, INC.
April 13, 1999
_____________________ /s/ Lauane Addis /s/
By_______________________________
Date Lauane Addis
6
<PAGE>
EXHIBIT E-1
EXCHANGE AGREEMENT
This Agreement is by and between F.K. Suzuki International, Inc., an
Illinois Corporation ("FKSI") and Stevia Company, Inc., an Illinois
Corporation ("Stevia").
WHEREAS, Stevia has filed a Petition for Judicial Dissolution with
the Circuit Court of Cook County, Illinois ("Dissolution Proceeding");
WHEREAS, Stevia is indebted to FKSI in the amount of $64,045.43
("Stevia Debt");
WHEREAS, Stevia is the holder of 1,900,000 shares of Biosynergy,
Inc. common stock (the "Exchange Shares"), and FKSI is the holder of 2,597,146
shares of Biosynergy, Inc. common stock;
WHEREAS, although Biosynergy, Inc., common stock is traded in the
over-the-counter market, such trades are sporadic and at a low volume;
WHEREAS, as a major shareholder of Biosynergy, Inc. common stock,
FKSI has an interest in protecting its investment in Biosynergy, Inc. and
maintaining the future value of Biosynergy, Inc., common stock; and
WHEREAS, it has been proposed that FKSI accept the Exchange Shares
in full satisfaction of the Stevia Debt.
NOW THEREFORE, in consideration of the mutual promises and covenants
set forth herein, the parties hereto agree as follows:
1. FKSI hereby agrees to accept the Exchange Shares in full
satisfaction and payment of the Stevia Debt, and Stevia hereby agrees to
transfer the Exchanged Shares to FKSI in full payment of the Stevia Debt.
2. The parties acknowledge that the Exchange Shares have not been
registered, and that neither FKSI or Stevia have an right to cause the
registration thereof. In this regard, FKSI hereby accepts the Exchange Shares
as Restricted Shares, as that term is defined in the Securities Act of 1933,
as amended. FKSI hereby represents and covenants that it is acquiring the
Exchange Shares for its own account, and not with a view to redistribute or
otherwise dispose of the Exchange Shares.
3. This Agreement shall be subject to approval of the Circuit Court
of Cook County, Illinois, having jurisdiction over the Dissolution
Proceeding.
4. Upon approval of this Agreement by the Circuit Court of Cook
County having jurisdiction over the Dissolution Proceeding, Stevia shall cause
the Exchanged Shares to be transferred to FKSI. The parties hereto agreed to
execute such instruments, assignments, and other document as necessary to
cause the transfer of the Exchange Shares to FKSI, free and clear of all liens
and encumbrances.
5. This Agreement shall be interpreted under the laws of the State
of Illinois. This Agreement may be modified or amended only by a written
instrument executed by all the parties hereto.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed on this 29th day of April, 1999.
STEVIA COMPANY, INC.
/s/ Lauane C. Addis /s/
____________________________________
By: Lauane C. Addis, Receiver
F.K. SUZUKI INTERNATIONAL, INC.
/s/ Fred K. Suzuki /s/
___________________________________
Fred K. Suzuki, President
/s/ Lauane C. Addis /s/
___________________________________
Lauane C. Addis, Secretary
