<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Telenetics Corporation
--------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------
(Title of Class of Securities)
87943P408
--------------------------------------------------------
(CUSIP Number)
Michael Armani, President
Telenetics Corporation
2511 Arctic Ocean
Lake Forest, CA 92630
(949) 455-4000
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 14, 1999
--------------------------------------------------------
(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 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
box / /.
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 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).
(Continued on following page(s))
Page 1 of 4 Pages
---
<PAGE>
CUSIP No. 87943P408 13D Page 2 of 4 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Harvey Bibicoff
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) Not Applicable
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only ___________________
- -------------------------------------------------------------------------------
(4) Source of Funds*
PF
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
Not Applicable
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power
by Each Reporting
Person With 703,478
--------------------------------------------------
(8) Shared Voting
Power
Not Applicable
--------------------------------------------------
(9) Sole Dispositive
Power
703,478
--------------------------------------------------
(10) Shared Dispositive
Power
Not Applicable
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
703,478
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
Not Applicable
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
7.27%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 3 of 4 Pages
--- ---
ITEM 1. SECURITY AND ISSUER
Common Stock
Telenetics Corporation, 25111 Arctic Ocean, Lake Forest, CA 92630
ITEM 2. IDENTITY AND BACKGROUND
(a) Name: Harvey Bibicoff
(b) Business address: 1990 Westwood Blvd., #310
Los Angeles, CA 90025
(c) Present principal occupation: President & CEO,
Bibicoff & Associates, Inc.;
corporate marketing and
strategic planning
(d) Not Applicable
(e) Not applicable
(f) Citizenship: USA
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Except for 100,000 shares that were acquired by the reporting person
for services rendered to the issuer pursuant to a Consulting Agreement
dated October 20, 1998 (the "Consulting Agreement") between the
reporting person and the issuer, all shares of the issuer's common
stock were purchased by the reporting person utilizing his checking
account and personal funds.
ITEM 4. PURPOSE OF TRANSACTION
The sole purpose for the reporting person's acquisition of the shares
of the issuers common stock was for investment. The reporting person
has no present plans or proposals which relate to or would result in
any of the events enumerated in subparagraphs (a)-(j) of this item of
Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Number of shares of common stock: 703,478*
Percentage of class of securities: 7.27%
(b) Sole power to vote: 703,478
Shared power to vote: Not Applicable
Sole power to dispose: 703,478
Shared power to dispose: Not Applicable
- --------------
* Includes 71,429 shares of the issuer's Series B Convertible Preferred
stock convertible into the issuer's common stock on a share-for-share
basis; stock purchase warrants presently exercisable for the purchase
of 71,429 shares of the issuer's common stock at $1.875 per share;
warrants for the purchase of 120,000 shares of the issuer's common stock
at $1.00 per share; and options presently exercisable for the purchase of
80,000 shares of the issuer's common stock at $0.25 per share.
<PAGE>
Page 4 of 4 Pages
--- ---
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (Continued)
(c) The reporting person has not had any transactions in the issuer's
common stock, except as described herein. The transactions
described herein occurred over a period from October 12, 1998
through May 28, 1999 and consist of 100,000 shares of common stock
issued to the reporting person for services rendered pursuant to
the Consulting Agreement; 160,000 shares of common stock purchased
by the reporting person at $0.25 per share upon his exercise of
stock options granted to the reporting person pursuant to the
Consulting Agreement; options for the purchase of 80,000 shares of
the issuer's common stock at $0.25 per share which are presently
exercisable; warrants to purchase 120,000 shares of common stock
of the issuer exercisable at $1.00 per share acquired in an exempt
issuer offering; 71,429 shares of Series B Convertible Preferred
stock purchased in an exempt issuer offering for cash
consideration of $133,929 convertible into common stock on a
share-for-share basis, and warrants for the purchase of 71,429
shares of common stock exercisable at a price of $1.875 per share;
and the remaining shares of common stock of the issuer purchased
in open market transaction at various prices.
(d) Not Applicable
(e) Not Applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Pursuant to the Consulting Agreement with the issuer, which was for
a term of twelve months commencing October 15, 1998, the reporting
person was issued (after giving effect to the issuer's 1-for-5
reverse stock split of its common stock) 100,000 shares of the
issuer's common stock for services rendered and options for the
purchase of 240,000 shares of common stock at $0.25 per share. In
addition, the Consulting Agreement provided that if the reporting
person was successful in directly introducing the issuer to a source
of capital, the reporting person would receive a finder's fee of 3
(three) percent of any amount issued if there is another finder to
be compensated or five (five) percent if there is not other finder.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following agreement is filed as an exhibit to this Schedule 13D;
(1) None
(2) None
(3) Consulting Agreement
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.
September 7, 1999
----------------------------------------
(Date)
/s/ HARVEY BIBICOFF
----------------------------------------
(Signature)
----------------------------------------
(Name/Title)
