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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event) June 28, 1999
FIRST COLONIAL VENTURES, LTD.
(Exact name of registrant as specified in its charter)
UTAH BDC 814-178 87-0421903
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
6033 West Century Boulevard, Suite 280, Los Angeles, CA 90045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (310) 642-0200
6151 West Century Boulevard, Suite 1018, Los Angeles, CA 90045
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS:
The Company has filed an election with the Securities and Exchange
Commission under the Investment Company Act of 1940 to withdraw its election
to be treated as a business development company. The Company has changed the
nature of its business so as to cease to be a business development company.
The Company will now be involved in the communications industry.
In keeping with the Company's new business, the Company's shareholders
at a special meeting held on June 28, 1999. The effective date of the name
change and the change of legal domicile was July 30, 1999.
The Company's common stock continues to be quoted on the OTC Bulletin
under the new trading symbol NCVM, effective August 11, 1999.
FIRST COLONIAL VENTURES, LTD.
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(REGISTRANT)
BY: /s/
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Murray W. Goldenberg
Chairman
