SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _______)*
TTI Industries, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
873051 10 6
(CUSIP Number)
October 29, 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)
* 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 the 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, as amended (the "Exchange
Act"), or otherwise subject to the liabilities of that section of
the Exchange Act but shall be subject to all other provisions of
the Exchange Act (however, see the Notes).
<PAGE>
(1) Name of Reporting Person Speed Release Lock Company
I.R.S. Identification
No. of Above Person N/A
- -----------------------------------------------------------------
(2) Check the Appropriate Box if a (a) [X]
Member of a Group* (b) [ ]
- -----------------------------------------------------------------
(3) SEC Use Only
- -----------------------------------------------------------------
(4) Citizenship or Place of Organization
- -----------------------------------------------------------------
Number of Shares
Beneficially
Owned by Each
Reporting Person
With: (5) Sole Voting Power 447,576
- -----------------------------------------------------------------
(6) Shared Voting Power 0
- -----------------------------------------------------------------
(7) Sole Dispositive Power 447,576
- -----------------------------------------------------------------
(8) Shared Dispositive Power 0
- -----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned
by Each Reporting Person 447,576
- -----------------------------------------------------------------
(10) Check Box if the Aggregate Amount in [ ]
Row (9) Excludes Certain Shares*
- -----------------------------------------------------------------
(11) Percent of Class Represented by 9.9%
Amount in Row (9)
- -----------------------------------------------------------------
(12) Type of Reporting Person* CO
- -----------------------------------------------------------------
<PAGE>
(1) Name of Reporting Person Steve D. Bedowitz
I.R.S. Identification
No. of Above Person N/A
- -----------------------------------------------------------------
(2) Check the Appropriate Box if a (a) [X]
Member of a Group* (b) [ ]
- -----------------------------------------------------------------
(3) SEC Use Only
- -----------------------------------------------------------------
(4) Citizenship or Place of Organization
- -----------------------------------------------------------------
Number of Shares
Beneficially
Owned by Each
Reporting Person
With: (5) Sole Voting Power 0
- -----------------------------------------------------------------
(6) Shared Voting Power 447,576
- -----------------------------------------------------------------
(7) Sole Dispositive Power 0
- -----------------------------------------------------------------
(8) Shared Dispositive Power 447,576
- -----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned
by Each Reporting Person 447,576
- -----------------------------------------------------------------
(10) Check Box if the Aggregate Amount in [ ]
Row (9) Excludes Certain Shares*
- -----------------------------------------------------------------
(11) Percent of Class Represented by 9.9%
Amount in Row (9)
- -----------------------------------------------------------------
(12) Type of Reporting Person* IN
- -----------------------------------------------------------------
<PAGE>
Item 1(a) Name of Issuer:
Terminator Technologies, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
3838 Oak Lawn, Suite 1000
Dallas, Texas 75219
Item 2(a) Name of Person Filing:
Pursuant to Rule 13d-1(k)(1) promulgated under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), this Statement on Schedule 13G is
filed jointly by Speed Release Lock Company ("Speed")
and Steve D. Bedowitz ("Bedowitz"). Speed and Bedowitz
are collectively referred to herein as the "Reporting
Persons." The Reporting Persons have included as
Appendix A to this Statement an agreement in writing
that this Statement is filed on behalf of each of them.
Item 2(b) Address of Principal Business Office or, if none,
Residence:
The address of the Principal Business Office of each of
Speed and Bedowitz is 2444 Walnut Ridge, Dallas, Texas
75229.
Item 2(c) Citizenship:
Speed is a Texas corporation. Steve D. Bedowitz is
a U.S. citizen, resident of the State of Texas.
Item 2(d) Title of Class of Securities:
Common Stock, $.01 par value per share (the
"Common Stock") of the Issuer.
Item 2(e) CUSIP Number:
873051 10 6
<PAGE>
Item 3. This statement is filed pursuant to Rule 13d-1(c).
Item 4. Ownership:
Speed
- -----
(a) Amount Beneficially Owned: 447,576
(b) Percent of Class: 9.9%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the
vote: 447,576
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the
disposition of: 447,576
(iv) shared power to dispose or to direct the disposition
of: 0
Bedowitz
- --------
(a) Amount Beneficially Owned: 447,576
(b) Percent of Class: 9.9%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the
vote: 0
(ii) shared power to vote or to direct the vote: 447,576
(iii) sole power to dispose or to direct the
disposition of: 0
(iv) shared power to dispose or to direct the disposition
of: 447,576
<PAGE>
Item 5. Ownership of 5% or less of a Class:
Not Applicable.
Item 6. Ownership of More than 5% 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.
Item 10. Certifications:
<PAGE>
By signing below, the undersigned certifies that, to the
best of their knowledge and belief, the securities referred to
above were acquired in the ordinary course of business and were
not acquired for the purpose of and do not have the effect of
changing or influencing the control of the Issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purpose or effect.
Date: November 1, 1999
SPEED RELEASE LOCK COMPANY
By: /s/ STEVE D. BEDOWITZ
------------------------------------
Name: Steve D. Bedowitz
----------------------------------
Title: President
---------------------------------
/s/ STEVE D. BEDOWITZ
---------------------------------------
STEVE D. BEDOWITZ
Attention: Intentional misstatements or
omissions of fact constitute Federal
criminal violations (see 18 U.S.C. 1001)
<PAGE>
Appendix A
----------
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities
Exchange Act of 1934, as amended, the persons named below agree
to the joint filing on behalf of each of them of a Statement on
Schedule 13G (including amendments thereto) with respect to the
Common Stock of TTI Industries, Inc. This Joint Filing Agreement
shall be included as an exhibit to such filing. In evidence
thereof, each of the undersigned, being duly authorized where
appropriate, hereby executes this Joint Filing Agreement as of
the 30th day of October, 1999.
SPEED RELEASE LOCK COMPANY
By: /s/ STEVE D. BEDOWITZ
--------------------------------
Name: Steve D. Bedowitz
------------------------------
Title: President
-----------------------------
/s/ STEVE D. BEDOWITZ
-----------------------------------
Steve D. Bedowitz
