SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
4networld.com, Inc.
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(Name of Issuer)
Common Stock, $0.00001 par value per share
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(Title of Class of Securities)
35104P 10 5
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(CUSIP Number)
Steven N. Bronson
900 Third Avenue, Suite 201
New York, New York 10022
(212) 610-2778
with a copy to:
James A. Prestiano, Esq.
317 Madison Avenue, Suite 2310
New York, New York 10017
(212) 949-9696
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 30, 2000
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(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 statement because of Rule 13d-1(b)(3) or (4), check the following
box: [ ]
* 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).
<PAGE>
CUSIP No. 35104P 10 5
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Steven N. Bronson
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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*
PF
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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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7. Sole Voting Power
Number of
Shares 5,063,800
Beneficially ------------------------------------------------------------
Owned By 8. Shared Voting Power
Each
Reporting 0
Person ------------------------------------------------------------
With 9. Sole Dispositive Power
5,063,800
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10. Shared Dispositive Power
0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,063,800
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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)
61.5%
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14 Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 35104P 10 5 SCHEDULE 13D
Item 1. Security and Issuer.
Except as expressly restated and amended below, the Schedule 13D and
amendment thereto, as filed on behalf of Steven N. Bronson, with respect to the
shares of common stock, $.00001 par value (the "Common Stock") of 4networld.com,
Inc., a Delaware corporation, with principal offices located at 900 Third
Avenue, Suite 201, New York, New York 10022 ("Issuer"), remains in full force
and effect.
Item 2. Identity and Background
(a) This Amendment No. 3 to Schedule 13D is being filed on behalf
of Steven N. Bronson.
(b) Mr. Bronson's business address is 900 Third Avenue, Suite 201,
New York, New York 10022.
(c) Mr. Bronson is President of Catalyst Financial LLC
("Catalyst"), a broker-dealer registered under the Act.
(d) During the last five years Mr. Bronson has not been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Mr. Bronson has not, 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 such proceeding was or is subject to a judgment,
decree or final order enjoining further violations of, or prohibiting or
mandating activities subject to the federal or state securities laws or finding
any violation with respect to such laws.
(f) Mr. Bronson is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration
On June 30, 2000 the Issuer granted Mr. Bronson options to purchase
300,000 shares of the Issuer's Common Stock (the "Stock Options") as
compensation for the valuable services Mr. Bronson has performed for the Issuer
over the past three years. The Stock Options are exercisable at $.55, which is
110% of the closing price of the Issuer's Common Stock on June 30, 2000.
<PAGE>
On June 30, 2000, Mr. Bronson acquired 2,000,000 shares of the Issuer's
Common Stock in a private transaction for $.25 per share for a total purchase
price of five hundred thousand dollars ($500,000) (the "Private Transaction").
The purchase price was paid as follows: (1) forgiveness of a certain Promissory
Note, dated May 5, 2000 from the Issuer to Mr. Bronson in the amount of one
hundred thousand dollars ($100,000); and (2) payment by Mr. Bronson of four
hundred thousand dollars ($400,000) to the Company on or before the close of
business June 30, 2000.
Item 4. Purpose of Transaction.
Mr. Bronson was granted the Stock Options as compensation for services
rendered to the Issuer. Mr. Bronson acquired the shares of Common Stock of the
Issuer in the Private Transaction to assist the Issuer in meeting its immediate
and near term financial requirements.
Item 5. Interest in Securities of the Issuer
(a)(b) Mr. Bronson may be deemed to beneficially own an aggregate of
5,063,800 shares of Common Stock, representing approximately 61.5% of the total
shares of the Issuer's Common Stock deemed outstanding. Mr. Bronson possesses
sole voting and dispositive power with respect to such shares of Common Stock.
(c) Not Applicable.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
such securities of the Issuer.
(e) Not Applicable.
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information as set forth in this statement is true, complete
and correct.
Date: July 10, 2000
/S/ Steven N. Bronson
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Steven N. Bronson
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (See 18 U.S.C. Section l001).
