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FORM 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a)
of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Statement Trading Symbol of Original
ERHC Investment Group LLC
c/o Corporate Builders
- ---------------------------------------- (Month/Day/Year) Environmental Remediation (Month/Day/Year)
(Last) (First) (Middle) 5/14/99 Holding Corporation "ERHC"
(OTCBB)
777 South Flagler Drive, Suite 909 ------------------------------
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(Street) ---------------------------- 5. Relationship of Reporting 7. Individual or Joint/
3. IRS or Social Security Person to Issuer Group Filing (Check
Number of Reporting (Check all applicable) Applicable Line)
X
Person (Voluntary) ___ Director ___ 10% Owner __ Form filed by One
West Palm Beach, Florida 33401 ___ Officer ___ Other Reporting Person
X
- -------------------------------------- ---------------------------- (give title below) (specify below) __ Form filed by More
(City) (State) (Zip) than One Reporting
--------------------------- Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
Common stock, par value $.0001 per share (Instr. 4) Indirect (I) Ownership (Instr. 4)
See Attachment (Instr. 5) See Attachment
See Attachment
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*If the form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) (Bulletin No. 177, 10-15-97)
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<TABLE>
<CAPTION>
FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
------------------------------------------------- (D) or
Date Expira- Amount or Indirect (I)
Exercis- tion Title Number (Instr. 5)
able Date of Shares
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Explanation of Responses:
See Attachment
**Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------------ ----------
Violations. **Signature of Reporting Person Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note. File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure. (Bulletin No. 177, 10-15-97)
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Attachment to Form 3 Page 1 of 5
Reporting Person: ERHC Investment Group LLC
c/o Corporate Builders
777 South Flagler Drive, Suite 909
West Palm Beach, Florida 33401
Date of Event
Requiring Statement: May 14, 1999
Issuer: Environmental Remediation Holding Corporation
"ERHC"(OTCBB)
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Additional Reporting Persons
The initial statement of beneficial ownership of securities to which
this is attached is filed on behalf of: ERHC Investment Group LLC, a limited
liability company organized under the laws of the State of Delaware ("Investment
Group I"); ERHC Investment Group II LLC, a limited liability company organized
under the laws of the State of Delaware ("Investment Group II"); ERHC Investment
Group A LLC, a limited liability company organized under the laws of the State
of Delaware ("Investment Group A"); Samoa LLC, a limited liability company
organized under the laws of the State of Delaware ("Samoa"); Ernest D. Chu, an
individual citizen of the United States of America; Rene Eichenberger, an
individual citizen of Switzerland; Daniel Levin, an individual citizen of
Switzerland and Israel; Gregg Srinivasan, an individual citizen of the United
States of America; Howard D. Talks, an individual citizen of the United States
of America; and Noreen G. Wilson, an individual citizen of the United States of
America (Investment Group I, Investment Group II, Investment Group A, Samoa,
Messrs. Chu, Eichenberger, Levin, Srinivasan, and Talks, and Ms. Wilson are
collectively referred to herein as "Reporting Persons").
All of the membership interests in each of Investment Group I and
Investment Group II are held by Samoa, Messrs. Chu, Eichenberger, and Talks, and
Ms. Wilson. All of the voting membership interests in Investment Group A are
held by Investment Group II. All of the membership interests in Samoa are held
by Messrs. Levin and Srinivasan.
Mr. Talks is the sole managing member of each of Investment Group I and
Investment Group II. Investment Group II is the sole managing member of
Investment Group A. Messrs. Levin and Srinivasan are the sole managing members
of Samoa. None of Investment Group I, Investment Group II, Investment Group A,
or Samoa have any other managers, directors, or executive officers.
The sole purpose and business of each of Investment Group I, Investment
Group II, and Investment Group A are acquiring, owning, holding, offering for
sale, selling, assigning, pledging, financing, refinancing, and otherwise
dealing with shares of common stock, par value $.0001 per share (the "Common
Stock") of Environmental Remediation Holding Corporation ("Issuer"), and the
principal business and principal
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Attachment to Form 3 Page 2 of 5
Reporting Person: ERHC Investment Group LLC
c/o Corporate Builders
777 South Flagler Drive, Suite 909
West Palm Beach, Florida 33401
Date of Event
Requiring Statement: May 14, 1999
Issuer: Environmental Remediation Holding Corporation
"ERHC"(OTCBB)
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executive offices of each such person are located at c/o Corporate Builders, 777
South Flagler Drive, Suite 909, West Palm Beach, Florida 33401. The sole purpose
and business of Samoa are acquiring, owning, holding, offering for sale,
selling, assigning, pledging, financing, refinancing, and otherwise dealing with
the shares of or other equity interests in, among other companies, Investment
Group I and Investment Group II, and the principal business and principal
executive offices of such person are located at c/o Levin & Srinivasan LLP, 1776
Broadway, New York, New York 10019. Mr. Chu's present principal occupation is as
a financial consultant, and his principal business address is c/o Corporate
Builders, 777 South Flagler Drive, Suite 909, West Palm Beach, Florida 33401.
Mr. Eichenberger's present principal occupation is as a financial consultant,
and his principal business address is c/o Corporate Builders, 777 South Flagler
Drive, Suite 909, West Palm Beach, Florida 33401. Mr. Levin's present principal
occupation is as an attorney, and his principal business address is c/o Levin &
Srinivasan LLP, 1776 Broadway, New York, New York 10019. Mr. Srinivasan's
present principal occupation is as an attorney, and his principal business
address is c/o Levin & Srinivasan LLP, 1776 Broadway, New York, New York 10019.
Mr. Talks's present principal occupation is as an investor, and his principal
business address is c/o Corporate Builders, 777 South Flagler Drive, Suite 909,
West Palm Beach, Florida 33401. Ms. Wilson's present principal occupation is as
an investor, and her principal business address is 4718 Lillian Avenue, Palm
Beach Gardens, Florida 33418.
Table I, Item 2
Based upon information obtained from Issuer through its counsel: (i)
the total number of shares of Common Stock issued and outstanding as of April
22, 1999, was 52,215,302; and (ii) the total number of shares of Common Stock
outstanding as of April 22, 1999, on a fully-diluted basis assuming the
exercise, conversion, or exchange of all outstanding options, warrants,
convertible or exchangeable securities, and other rights, agreements,
arrangements, or commitments of any kind, nature, or description whatsoever
relating to the capital stock of Issuer or obligating Issuer to issue or sell
any shares of capital stock of, or any other interest in, Issuer was
146,357,210.
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Attachment to Form 3 Page 3 of 5
Reporting Person: ERHC Investment Group LLC
c/o Corporate Builders
777 South Flagler Drive, Suite 909
West Palm Beach, Florida 33401
Date of Event
Requiring Statement: May 14, 1999
Issuer: Environmental Remediation Holding Corporation
"ERHC"(OTCBB)
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Investment Group I is the direct beneficial holder of, and, through
Investment Group I, each other Reporting Person (other than Investment Group II
and Investment Group A) may be deemed to be the indirect beneficial owner of,
62,724,519 shares of Common Stock, representing approximately 50.9 percent of
the total number of shares of Common Stock issued and outstanding (and
approximately 28.8 percent of the total number of shares of Common Stock
outstanding on a fully-diluted basis) as of April 22, 1999; and Investment
Group A is the direct beneficial holder of, and, through Investment Group A,
each other Reporting Person (other than Investment Group I) may be deemed to be
the indirect beneficial owner of, 8,378,204 shares of Common Stock, representing
approximately 6.8 percent of the total number of shares of Common Stock issued
and outstanding (and approximately 3.9 percent of the total number of shares of
Common Stock outstanding on a fully-diluted basis) as of April 22, 1999.
In addition, Messrs. Chu, Eichenberger, and Talks and Ms. Wilson are
the direct or indirect beneficial owners of a further 547,5000, 137,500,
1,427,500 and 11,019,505 shares of Common Stock, respectively, representing 0.4
percent, 0.1 percent, 1.2 percent and 8.9 percent, respectively, of the total
number of shares of Common Stock issued and outstanding (and approximately 0.3
percent, 0.1 percent, 0.7 percent, and 5.1 percent, respectively, of the total
number of shares of Common Stock outstanding on a fully-diluted basis) as of
April 22, 1999. Each other Reporting Person hereby expressly disclaims
beneficial ownership of all of the shares of Common Stock referred to in this
paragraph and held by Messrs. Chu, Eichenberger, or Talks or Ms. Wilson, as the
case may be.
Table I, Items 3 and 4
See "Additional Reporting Persons" and "Table I, Item 2", above.
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Attachment to Form 3 Page 4 of 5
Reporting Person: ERHC Investment Group LLC
c/o Corporate Builders
777 South Flagler Drive, Suite 909
West Palm Beach, Florida 33401
Date of Event
Requiring Statement: May 14, 1999
Issuer: Environmental Remediation Holding Corporation
"ERHC"(OTCBB)
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Signatures
ERHC INVESTMENT GROUP LLC
Dated May 25, 1999: By: /s/ HOWARD D. TALKS
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Howard D. Talks
Managing Member
ERHC INVESTMENT GROUP II LLC
Dated May 25, 1999: By: /s/ HOWARD D. TALKS
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Howard D. Talks
Managing Member
ERHC INVESTMENT GROUP A LLC
By: ERHC INVESTMENT GROUP II LLC
Dated May 25, 1999: By: /s/ HOWARD D. TALKS
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Howard D. Talks
Managing Member
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Attachment to Form 3 Page 5 of 5
Reporting Person: ERHC Investment Group LLC
c/o Corporate Builders
777 South Flagler Drive, Suite 909
West Palm Beach, Florida 33401
Date of Event
Requiring Statement: May 14, 1999
Issuer: Environmental Remediation Holding Corporation
"ERHC"(OTCBB)
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SAMOA LLC
Dated May 25, 1999: By: /s/ DANIEL LEVIN
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Daniel Levin
Member
Dated May 25, 1999: /s/ ERNEST D. CHU
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ERNEST D. CHU
Dated May 25, 1999: /s/ RENE EICHENBERGER
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RENE EICHENBERGER
Dated May 25, 1999: /s/ DANIEL LEVIN
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DANIEL LEVIN
Dated May 25, 1999: /s/ GREGG SRINIVASAN
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GREGG SRINIVASAN
Dated May 25, 1999: /s/ HOWARD D. TALKS
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HOWARD D. TALKS
Dated May 25, 1999: /s/ NOREEN G. WILSON
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NOREEN G. WILSON
