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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
IVC INDUSTRIES, INC.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
45070M101
(CUSIP Number)
Gary J. Knauer
American Claims Evaluation, Inc.
One Jericho Plaza
Jericho, New York 11753
(516) 938-8000
(Name, Address and Telephone Number of Person Authorized to Received Notices
and Communications)
July 21, 2000
(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 the 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).
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SCHEDULE 13D
CUSIP No. 45070M101
1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
American Claims Evaluation, Inc.
EIN #11-2601199
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) (a)___
(b)___
3) SEC USE ONLY
4) SOURCE OF FUNDS
WC
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF 7) SOLE VOTING POWER
SHARES 272,086
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY None
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 272,086
PERSON WITH 10) SHARED DISPOSITIVE POWER
None
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
272,086
1) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
2) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.03%
3) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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American Claims Evaluation, Inc. ("American Claims") hereby amends and
supplements the Schedule 13D originally filed with the Securities and Exchange
Commission (the "SEC") on December 22, 1999, as amended by Amendment No. 1 filed
with the SEC on February 9, 2000 and as further amended by Amendment No. 2 filed
with the SEC on May 25, 2000 (the "Schedule") as follows:
This Schedule relates to the common stock, par value $.01 per share
("Common Stock"), of IVC Industries, Inc., a Delaware corporation (the
"Company").
"Item 4. Purpose of Transaction.
Item 4 of the Schedule is hereby amended by deleting the existing text
and inserting the following text in its stead:
American Claims purchased the shares of Common Stock for
investment and reserves the right to acquire additional shares of Common Stock
or dispose of any or all of its shares of Common Stock.
"Item 5. Interest in Securities of the Issuer.
Item 5(a) of the Schedule is hereby amended by deleting the existing
text and inserting the following text in its stead:
As of July 21, 2000, the aggregate number of the Company's
shares of Common Stock beneficially owned by American Claims
is 272,086, constituting approximately 13.03% of the shares of
Common Stock outstanding, based upon the 2,088,092 shares of
Common Stock reported by the Company to be issued and
outstanding.
Item 5(b) of the Schedule is hereby amended by deleting the existing
text and inserting the following text in its stead:
American Claims has sole power to vote or to direct the vote
and sole power to dispose or to direct the disposition of
272,086 shares of Common Stock.
Item 5(c) of the Schedule is hereby amended by deleting the existing
text and inserting the following text in its stead:
Other than as described below, there were no transactions in
the Company's Common Stock effected by American Claims during
the past sixty days. All of the transactions set forth below
were effected in the open market:
Type of Transaction No. of Shares Trade Date Price Per Share
------------------- ------------- ---------- ---------------
Purchase 1,100 05/30/00 $3.03125
Purchase 5,000 06/29/00 $2.78125
Purchase 100,000 07/21/00 $3.61
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"Item 7. Materials to be filed as Exhibits.
None.
Signature.
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.
Date: July 27, 2000 AMERICAN CLAIMS EVALUATION, INC.
By: /s/ Gary J. Knauer
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Gary J. Knauer
Treasurer, Secretary and
Chief Financial Officer
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