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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
MonsterDaata.com, Inc.
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
611743105
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(CUSIP Number of Class of Securities)
Joseph P. Wynne
ComVest Capital Partners, LLC
830 Third Avenue
New York, New York 10022
(212) 829-5839
(Name, Address and Telephone Number of Person
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Authorized to Receive Notices and Communications)
Copies to:
Yaacov M. Gross, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, NY 10019
(212) 728-8000
June 9, 2000
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(Date of Event which Requires
Filing of this Schedule)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following: [ ]
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SCHEDULE 13D
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CUSIP No. 611743105 Page 2 of 14 Pages
------------------- ------------------
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1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
COMVEST CAPITAL PARTNERS, LLC (13-4068973)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(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 PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF
SHARES 6,000,000
BENEFICIALLY
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,000,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,000,000
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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)
39.2%
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14 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
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CUSIP No. 611743105 Page 3 of 14 Pages
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1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
COMMONWEALTH ASSOCIATES, L.P. (13-3467952)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(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 PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF
SHARES 1,500,000
BENEFICIALLY
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,500,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,500,000
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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)
9.8%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
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CUSIP No. 611743105 Page 4 of 14 Pages
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1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
COMMONWEALTH ASSOCIATES MANAGEMENT CORP. (13-3468747)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(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 PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF
SHARES 1,500,000
BENEFICIALLY
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,500,000
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,500,000
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
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CUSIP No. 611743105 Page 5 of 14 Pages
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1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICHAEL S. FALK
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(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 PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF
SHARES 7,500,000
BENEFICIALLY
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
7,500,000
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
7,500,000
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.9%
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14 TYPE OF REPORTING PERSON*
IN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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This Schedule 13D is being filed on behalf of ComVest Capital Partners, LLC
("ComVest"), a limited liability company organized under the laws of Delaware,
Commonwealth Associates L.P., a limited partnership organized under the laws of
New York ("Commonwealth"), Commonwealth Associates Management Corp., a
corporation organized under the laws of New York ("CAMC") and Michael S. Falk,
relating to the common stock, par value $.01 per share (the "Common Stock"), of
MonsterDaata.com Inc., a Delaware corporation (the "Issuer"). Unless the context
otherwise requires, references herein to the "Common Stock" are to the Common
Stock of MonsterDaata.com Inc., par value $.01 per share.
Item 1. Security and Issuer.
This statement on Schedule 13D relates to the Common Stock of the Issuer,
and is being filed pursuant to Rule 13d-1 under the Securities Exchange Act of
1934, as amended (the "Exchange Act"). The address of the principal executive
offices of the Issuer is 115 Stevens Avenue, Valhalla, New York 10595.
Item 2. Identity and Background.
(a) This statement is filed jointly by ComVest, Commonwealth, CAMC and
Michael S.Falk (the "Reporting Persons"). Robert Priddy, Keith Rosenbloom and
Basil Ascuitto are directors, and Mr. Falk is Chairman, of CAMC. Messrs. Falk,
Priddy and Rosenbloom are the managers of ComVest. Mr. Falk is also the
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controlling equity owner of both CAMC and ComVest. Joseph Wynne is the Chief
Financial Officer.
(b) The business address for all of the Reporting Persons and the other
individuals identified in Item 2(a) other than Mr. Priddy is 830 Third Avenue,
New York, New York 10022. Mr. Priddy is a principal of RMC Capital, 1640 Powers
Ferry, Suite 125, Marietta, Georgia 30067, an investment firm.
(c) The principal business of ComVest is investing in and administering
ownership of securities. The principal business of Commonwealth is Venture
Capital and Merchant Banking. CAMC is the general partner of Commonwealth.
Michael S.Falk is the Chairman and controlling equity owner of CAMC. Keith
Rosenbloom and Basil Asciutto are employees, directors and shareholders of CAMC.
Robert Priddy is a director and shareholder of CAMC. Messrs. Falk, Priddy and
Rosenbloom are the managers and principal members of ComVest. Joseph Wynne is
the Chief Financial Officer of CAMC.
(d) None of the Reporting Persons or any of the other individuals
identified in Item 2(a) has, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) None of the Reporting Persons or any of the other individuals
identified in Item 2(a) has, during the last five years, been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of
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such proceeding was or is 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) Each of the individuals referred to in paragraph (a) above is a United
States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
The total amount of funds required by ComVest to purchase 6,000,000 shares
of Common Stock was $60,000, and was furnished from the working capital of
ComVest. The total amount of funds required by Commonwealth to purchase
1,500,000 shares of Common Stock was $15,000, and was furnished from the working
capital of Commonwealth.
Item 4. Purpose of Transaction.
ComVest has agreed to make available to the Issuer a loan in the aggregate
principal amount of up to $1,500,000. ComVest may, at its discretion, fund up to
$1,200,000 of that loan, while Commonwealth may, at its discretion, fund up to
$300,000 of that loan. As of July 19, 2000 ComVest loaned the Issuer $903,000 of
principal amount of 8% senior secured convertible notes (the "Notes"). A form of
such Note is filed as Exhibit 2 to this Schedule 13D. If, during the period that
the principal amount of the Notes is outstanding, the Issuer completes a private
placement of either debt or equity financing in which the Issuer receives in
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the aggregate at least $8 million in gross proceeds (the "Placement"), then at
the option of ComVest or its assignees the Notes may be converted (in whole or
in part) into the securities issued in the Placement on the identical terms and
conditions as investors in the Placement purchase such securities. Also, as long
as any Note remains outstanding, the Issuer agreed that the board of directors
of the Issuer shall consist of seven directors, five of which shall be appointed
by the Issuer, with the consent of ComVest, which consent shall not be
unreasonably withheld.
The Issuer issued to ComVest a warrant (the "Warrant") to purchase
7,500,000 shares of Issuer Common Stock, at an exercise price of $0.01 per
share. The Warrant was fully exercised on June 9, 2000, resulting in ComVest
owning 6,000,000 shares of Issuer's Common Stock and Commonwealth owning
1,500,000 of Issuer's Common Stock.
Other than as set forth above, the Reporting Persons have no present plans
or proposals which relate to, or could result in, any of the matters referred to
in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons
may, at any time and from time to time, renew or reconsider their position and
formulate plans or proposals with respect to any of the matters referred to in
paragraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
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(a)(1) ComVest is the beneficial owner of 6,000,000 shares of Common Stock,
representing approximately 39.8% of the issued and outstanding shares of Common
Stock of the Issuer.
(a)(2) Commonwealth is the beneficial owner of 1,500,000 shares of Common
Stock, representing approximately 9.8% of the issued and outstanding shares of
Common Stock of the Issuer.
(a)(3) Mr. Falk may be deemed to be the beneficial owner of an aggregate of
7,500,000 shares of Common Stock, representing approximately 48.9% of the issued
and outstanding shares of Common Stock of the Issuer. In his capacity as the
chairman and principal equity owner of CAMC, Mr. Falk shares indirect voting and
dispositive power with respect to the securities beneficially owned by
Commonwealth and may be deemed to be the beneficial owner of such securities,
although Mr. Falk disclaims beneficial interest in such securities other than
the portion which corresponds with his equity ownership in CAMC. In his capacity
as a manager and principal member of ComVest, Mr. Falk shares indirect voting
and dispositive power with respect to the securities beneficially owned by
ComVest and may be deemed to be the beneficial owner of such securities,
although Mr. Falk disclaims beneficial interest in such securities other than
that portion which corresponds with his membership interest in ComVest.
(b) Number of shares as to which each such person has:
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(1) Sole power to vote or to direct the vote, and sole power to dispose or
direct the disposition:
Neither ComVest, Commonwealth, CAMC, Mr. Falk, Mr. Priddy, Mr. Rosenbloom
nor Mr. Asciutto has sole power to vote or direct the vote or dispose or direct
the disposition of any of the Issuer's securities.
(2) Shared power to vote or to direct the vote, and shared power to dispose
or direct the disposition:
ComVest and Mr. Falk share voting and disposition powers with respect to
ComVest's 6,000,000 shares. Commonwealth, CAMC, and Mr. Falk share voting and
disposition powers with respect to Commonwealth's 1,500,000 shares.
(c) The following transaction is the only transaction in the shares of
Common Stock of the Issuer that was effected by the Reporting Persons during the
sixty (60) days prior to the date of the filing of this Statement on Schedule
13D:
Date of Purchase Number of Shares of Common Stock Price Per Share
---------------- -------------------------------- ---------------
June 9, 2000 7,500,000 $0.01
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the
Issuer.
11
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The Reporting Persons have entered into an agreement with respect to the
joint filing of this statement, and any amendment or amendments hereto. Item
7. Material to be Filed as Exhibits.
Exhibit 1 - Joint Filing Agreement, dated as of July 12, 2000, by and among
the Reporting Persons.
Exhibit 2 - Form of 8% Senior Secured Convertible Note issued by Issuer.
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: July 20, 2000 ComVest Capital Partners, LLC
By: /s/ Keith Rosenbloom
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Keith Rosenbloom, Manager
Dated: July 20, 2000 Commonwealth Associates, L.P.
By: Commonwealth Associates
Management Corp.
By: /s/ Joseph Wynne
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Joseph Wynne, Chief
Financial Officer
Dated: July 20, 2000 Commonwealth Associates
Management Corp.
By: /s/ Joseph Wynne
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Joseph Wynne, Chief
Financial Officer
Dated: July 20, 2000 /s/ Michael S. Falk
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Michael S. Falk
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