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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
AGTsports, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
008547101
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(CUSIP Number)
Nicholas F. Albritton, No. 3 Albritton Rd., Alturas, FL 33820
Tel. # 863-537-1343
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filed 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. 008547101 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Albritton, Nicholas F. SSN ###-##-####
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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*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 7 SOLE VOTING POWER
SHARES 3,076,200
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH None
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 3,076,200
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10 SHARED DISPOSITIVE POWER
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,076,200
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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)
8.69
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14 TYPE OF REPORTING PERSON*
IN
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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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RESPONSES TO ITEMS 1-7, SCHEDULE 13D
AMENDMENT NO. 1
Name of Person Filing: Nicholas F. Albritton
Social Security No. ###-##-####
ITEM 1. SECURITY AND ISSUER:
This statement refers to the common stock of AGTsports, Inc. The
address of the principal executive offices of AGTsports, Inc. is 7255 E. Quincy
Ave., #550, Denver, CO 80237.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Nicholas F. Albritton, SSN ###-##-####
(b) Mr. Albritton's business address is No. 3 Albritton Road,
Alturas, FL 33820
(c) Mr. Albritton's present principal occupation is farming. He
is self-employed. His principal address is stated in
subparagraph (b) above.
(d) No.
(e) No.
(f) United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
This amendment to Schedule 13D is being filed to disclose a material
decrease in the percentage of common stock owned by Nicholas F. Albritton. In
March, 2000, Mr. Albritton disposed of 436,700 shares of the issuer's common
stock. Before the disposition, he owned 3,512,900 shares. As of April 1, 2000,
he owned 3,076,200 shares of the issuer's common stock.
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ITEM 4. PURPOSE OF TRANSACTION
(a) None. This amendment No. 1 to Schedule 13D is being filed
because in March, 2000, Mr. Albritton disposed of 436,700
shares of the issuer's common stock, and as of April 1, 2000
owned 3,076,200 shares of the issuer's common stock. He may
continue to dispose of blocks of those shares on a periodic
basis.
(b) None.
(c) None.
(d) None.
(e) None.
(f) None.
(g) None.
(h) None.
(i) None.
(j) None.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of April 1, 2000, Mr. Albritton owned 3,076,200 shares of
the issuer's common stock. Those shares represent 8.69% of the
shares of issuer's outstanding common stock. This percentage
is based on information obtained by Mr. Albritton in March,
2000, through the Securities and Exchange Commission's
website which stated that as of December 31, 1999, 35,404,726
shares of common stock were outstanding.
(b) Mr. Albritton has the sole power to vote and dispose of the
3,076,200 shares.
(c) In March, 2000, Mr. Albritton sold 436,700 shares of the
issuer's common stock in the open market. The trade date of
each transaction, the number of shares involved in each
transaction, and the price per share are shown below:
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<TABLE>
<CAPTION>
TRADE DATE # SHARES SOLD PRICE PER SHARE
- ---------- ------------- ---------------
<S> <C> <C>
03/15/00 6700 .47
03/21/00 5000 .20
03/21/00 15000 .19
03/21/00 10000 .20
03/21/00 5000 .19
03/21/00 15000 .18
03/21/00 10000 .191
03/22/00 10000 .20
03/22/00 10000 .19
03/22/00 20000 .195
03/23/00 10000 .20
03/23/00 20000 .19
03/23/00 20000 .19
03/24/00 30000 .19
03/24/00 20000 .18
03/27/00 50000 .18
03/29/00 150000 .18
03/30/00 10000 .17
03/31/00 5000 .17
03/31/00 15000 .16
</TABLE>
(d) Inapplicable.
(e) Inapplicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Inapplicable.
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: April 4, 2000
/s/ Nicholas F. Albritton
---------------------------------
Nicholas F. Albritton
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