<PAGE> 1
1 REPORTING PERSON
Alta Limited
8 Church St., 3rd Floor, St. Helier, Jersey JE4 8WQ, Channel Islands
Alta Stichting Foundation (beneficial owner)
Weena 340, 3012 NJ, Rotterdam, The Netherlands
2 ISSUER NAME
Envision Development Corp. (EDV)
3 TAX ID (NA)
4 STATEMENT FOR: May 2000
5 AMENDMENT: NA
6 RELATIONSHIP: 10% owner
7 FILING: Form filed by more than One Reporting Person
<TABLE>
<CAPTION>
TABLE 1 - NON-DERIVATIVE SECURITIES
- -----------------------------------------------------------------------------------------------------------------
1 2 3 4 5 6 7
TITLE OF SECURITY DATE CODE SECURITIES ACQUIRED TOTAL SH. D/I NATURE
- ----------------- ---- ---- ------------------- --------- --- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common (Alta) 11/22/99 P 952,900 A $ 8.62 952,900 D --
Common (Foundation)(1) 11/22/99 P 952,900 A $ 8.62 952,900 I Charitable
Foundation
owns
corporation
Common (Alta)(2) 12/13/99 P 2,500,000 A NA 3,452,900 D
options
Common (Foundation)(2) 12/13/99 P 2,500,000 A NA 3,452,900 I see above
options
Common (Alta-Acq.
On Options)(3) 1/17/00 J 792,667 A $ 6.00 2,245,567 D
Common (Foundation)(3) 1/17/00 J 792,667 A $ 6.00 2,245,567 I see above
Common (Alta) 4/13/00 J4 1,745,567 D NA 500,000 D
Common (Foundation) 4/13/00 J4 1,745,567 D NA 500,000 I see above
Common (Alta) 4/13/00 J4 1,745,567 A NA 2,245,567 D
Common (Foundation) 4/13/00 J4 1,745,567 A NA 2,245,567 I see above
Common (Alta) 5/10/00 J5 V 190,000 A $ 8.00 1,935,567 D
Common (Foundation) 5/10/00 J5 V 190,000 A $ 8.00 1,935,567 I see above
</TABLE>
<TABLE>
<CAPTION>
TABLE II - DERIVATIVE SECURITIES
- --------------------- -------------------------------------------------------------------
1 DERIVATIVE SECURITY 2 EX PX 3 DATE 4 TX CODE 5 SECS A 5 SECS D 6 EXERSABLE
- --------------------- ------- ------ --------- -------- -------- -----------
<S> <C> <C> <C> <C> <C> <C>
See Options (p. 1):
Options (Alta) $ 6.00 12/13/99 .00 J(2) 0 2,500,000 immed
Options (Foundation) $ 6.00 12/13/99 .00 J(2) 0 2,500,000 immed
Options (Alta) $ 8.00 1/17/00 .00 J(3) 0 2,000,000 immed
Options (Foundation) $ 8.00 1/17/00 .00 J(3) 0 2,000,000 immed
Options (Alta) $ 8.00 5/10/00 .00 J(5) V 0 500,000 immed
Options (Foundation) $ 8.00 5/10/00 .00 J(5) V 0 500,000 immed
</TABLE>
<TABLE>
<CAPTION>
TABLE II - DERIVATIVE SECURITIES
- --------------------- -------------------------------------------------------------------
1 DERIVATIVE SECURITY 6 EXPIR 7 TITLE & AMT 8 PX 9 TOTAL NO. 10 D/I 11 NATURE
- --------------------- ------- ------------- ---- ----------- ------ ---------
<S> <C> <C> <C> <C> <C> <C>
See Options (p. 1):
Options (Alta) 2,500,000 common 2,500,000 D
Options (Foundation) 2,500,000 common 2,500,000 I owns corp
Options (Alta) 2,000,000 common NA 500,000 D
Options (Foundation) 2,000,000 common NA 500,000 I owns corp
Options (Alta) 500,000 common NA - D
Options (Foundation) 500,000 common NA - I owns corp
</TABLE>
(1) Foundation is a charitable foundation that owns Alta Limited
(2) Options for 2,000,000 shares are exercisable at $6.00 per share; options
for 500,000 shares are exercisable at $8.00 per share
(3) 2,500,000 options exercised for 792,667 shares, 500,000 options
retained, balance extinguished. See Table 2 above.
(4) Simultaneous non-pecuniary exchange with ZERO.NET in initial
capitalization reflects ownership share in ZERO.NET.
(5) Options for 190,000 shares were exercised; balance extinguished,
resulting in a decrease in beneficial ownership of 310,000 shares.
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SIGNERS:
Alta Limited
By: /s/ Diane Stanley, Director Dated May 16, 2000
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Diane Stanley
Alta Stitching Foundation
By: /s/ Diane Stanley, Director Dated May 16, 2000
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Diane Stanley
