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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT
TO RULE 13d-2(a)
(Amendment No. 1)(1)
iiGROUP, INC.
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
449-629-10-4
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(CUSIP Number)
Neil Swartz
7000 W. Palmetto Park Rd #501, Boca Raton, FL 33433
(561) 620-9202
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
12/31/99 1/11/00 1/19/00 4/10/00
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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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box. [ ]
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(1) This Schedule 13D amends the Schedule 13D for MCG Partners, Inc., and for C.
Lawrence Rutstein made on June 30, 1999. This is an original Schedule 13D
filing for Neil Swartz.
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Page 1 of 8
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1 NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MCG Partners, Inc. (IRS Identification Number: 65-0888800)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC
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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 U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | -0-
BENEFICIALLY | | -------------------------------------------------------
OWNED BY | | SHARED VOTING POWER
EACH | 8 | 3,100,006
REPORTING | | -------------------------------------------------------
PERSON WITH | | SOLE DISPOSITIVE POWER
| 9 | -0-
| | -------------------------------------------------------
| | SHARED DISPOSITIVE POWER
| 10 | 3,100,006
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,100,006
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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)
29.0%
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14 TYPE OF REPORTING PERSON
CO
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Page 2 of 8
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1 NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
C. Lawrence Rutstein
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS 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 U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 861,094
BENEFICIALLY | | -------------------------------------------------------
OWNED BY | | SHARED VOTING POWER
EACH | 8 | 1,100,000
REPORTING | | -------------------------------------------------------
PERSON WITH | | SOLE DISPOSITIVE POWER
| 9 | 861,094
| | -------------------------------------------------------
| | SHARED DISPOSITIVE POWER
| 10 | 1,100,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,961,094
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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)
18.3%
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14 TYPE OF REPORTING PERSON
IN
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* Represents Mr. Rutstein's proportionate interest in 3,100,006 shares of the
Issuer's common stock held by MCG Partners, Inc., of which Mr. Rutstein is an
officer and principal shareholder.
Page 3 of 8
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1 NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Neil Swartz
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS 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 U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 300,506
BENEFICIALLY | | -------------------------------------------------------
OWNED BY | | SHARED VOTING POWER
EACH | 8 | 2,000,006
REPORTING | | -------------------------------------------------------
PERSON WITH | | SOLE DISPOSITIVE POWER
| 9 | 300,506
| | -------------------------------------------------------
| | SHARED DISPOSITIVE POWER
| 10 | 2,000,006
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,300,512
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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)
21.0%
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14 TYPE OF REPORTING PERSON
IN
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* Represents Mr. Swartz' proportionate interest in 3,100,006 shares of the
Issuer's common stock held by MCG Partners, Inc., of which Mr. Swartz is an
officer and principal shareholder.
Page 4 of 8
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Item 1. Security and Issuer.
This statement relates to the shares of common stock, par
value $.01, of iiGroup, Inc., a Delaware corporation ( the "Issuer") having its
principal business and the address of its principal office at 7000 West Palmetto
Park Road, Suite 501, Boca Raton, Florida 33433.
Item 2. Identity and Background.
a. MCG Partners, Inc. is the record holder of 3,100,006 shares of
the Issuer's common stock, $.01 par value. C. Lawrence
Rutstein and Neil Swartz are principal shareholders in MCG
Partners, Inc. and they are members of a group with respect to
MCG Partners, Inc.'s shares of common stock of the Issuer.
b. The address of MCG Partners, Inc. is 7000 West Palmetto Park
Road, Suite 501, Boca Raton, Florida 33433.
c. MCG Partners, Inc., was organized to engage in merchant
banking. Mr. Rutstein and Mr. Swartz are principal
shareholders of MCG Partners, Inc. The present principal
occupation of Mr. Rutstein is Vice Chairman of the Board of
Directors of the Issuer. The present principal occupation of
Mr. Swartz is Chief Executive Officer and Chairman of the
Issuer.
d. During the past five years, each of the reporting persons has
not been convicted in a criminal proceeding and is not subject
to a judgment, decree, or final order enjoining future
violations of, or prohibiting or mandating activities subject
to, federal or state securities laws, nor has there been any
finding or violation with respect to any such laws.
e. During the past five years, each of the reporting persons has
not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of
which proceeding any of the reporting persons were or are
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. Both Mr. Rutstein and Mr. Swartz are American citizens.
Page 5 of 8
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Item 3. Source and Amount of Funds or Other Consideration.
MCG Partners, Inc. acquired the shares of the Issuer through
its working capital. Mr. Rutstein acquired shares of the Issuer through his
personal funds. Mr. Swartz acquired the shares of the Issuer through his
personal funds.
Item 4. Purpose of Transaction
The reporting persons hold the common stock to which this
statement relates for purposes of investment and to control the issuer. None of
the reporting persons presently has any plan or proposal which relates to, or
would result in, any transaction of the types described in Item 4(a) through (j)
of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) The following table set for the aggregate number and
percentage of the common stock, $.01 par value, which may,
pursuant to Rule 13d-3 under the Securities and Exchange Act
of 1934, as amended, be deemed to be beneficially owned by
each reporting person.
<TABLE>
<CAPTION>
Shares Percentage Description
Reporting Beneficially Beneficially Of
Person Owned Owned Ownership
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<S> <C> <C>
MCG Partners, Inc. 3,100,006 29.0% Direct
C. Lawrence Rutstein 1,100,000 Ownership interest in MCG
861,094 Direct
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1,961,094 18.3% Aggregate Amount Owned
Neil Swartz 2,000,006 Ownership interest in MCG
300,506 Direct
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2,300,512 21.0% Aggregate Amount Owned
</TABLE>
(b) The power of MCG Partners, Inc. to vote, or to direct the
vote, and the power to dispose, or direct the disposition of,
the 3,100,006 shares of common stock is shared with Mr.
Rutstein and Mr. Swartz, the sole shareholders of MCG
Partners, Inc. Messrs Rutstein and Swartz may be deemed part
of a group with MCG Partners, Inc., with respect their
interest in MCG Partners, Inc.'s shares of common stock of the
Issuer. Both Mr. Rutstein and Mr. Swartz disclaim beneficial
ownership of the interest of MCG Partners, Inc. that is held
by the other. Both Mr. Rutstein and Mr. Swartz disclaim
Page 6 of 8
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beneficial ownership of the shares of common stock of the
Issuer held directly by the other. Both Mr. Rutstein and Mr.
Swartz disclaim beneficial ownership of the shares of common
stock of the Issuer held by any other person.
(c) MCG acquired 66,666 shares of the Issuer's common stock on
December 31, 1999, 533,340 shares of the Issuer's common stock
on January 11, 2000, 2,000,000 shares of the Issuer's common
stock on January 19, 2000, and 500,000 shares of the Issuer's
common stock on April 10, 2000.
(d) Not applicable.
(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.
Page 7 of 8
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SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I
each certify that the information set forth in this statement is true, complete
and correct.
December 18, 2000
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(Date)
MCG PARTNERS, INC.
By: /s/ C. Lawrence Rutstein
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C. Lawrence Rutstein, President
/s/ C. Lawrence Rutstein
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C. Lawrence Rutstein
/s/ Neil Swartz
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Neil Swartz
Page 8 of 8