UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Amendment No. 2
SITI-SITES.COM, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
(Title of Class of Securities)
847623303
(CUSIP Number)
Barclay Powers
Siti-Sites.com, Inc.
(f/k/a Spectrum Information Technologies, Inc.)
594 Broadway, Suite 1001
New York, NY 10012
212 965 0013
(Name, address and telephone number of person
authorized to receive notices and communications)
- with a copy to -
Frederic M. Tudor, Esq.
Sills, Cummis, Radin, Tischman, Epstein & Gross, P.A.
One Riverfront Plaza
Newark, New Jersey 07102
973 643 7000
July 11, 2000
(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.
Page 1 of 4
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SCHEDULE 13D
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CUSIP NO. 847623303 Page 2 of 4
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barclay Powers
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)|_|
(b)|X|
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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
U.S.
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7 SOLE VOTING POWER
NUMBER OF 4,818,333
SHARES -----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
REPORTING 0
PERSON -----------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
4,818,333
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,818,333
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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)
32.1%
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14 TYPE OF REPORTING PERSON *
IN
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<PAGE>
Item 1. Security and Issuer.
The name of the issuer with respect to which this Amendment 2 on Schedule
13D is being filed is Siti-Sites.com, Inc., f/k/a Spectrum Information
Technologies, Inc. (hereinafter called the "Issuer"). The address of the
Issuer's principal executive offices is 594 Broadway, Suite 1001, New York, NY
10012. This statement relates to the Issuer's Common Stock, $.001 par value (the
"Common Stock").
Item 2. Identity and Background.
(a) This Schedule 13D is being filed on behalf of Barclay Powers. Mr.
Powers is the son of Lawrence Powers, the Chairman and Chief Executive Officer
of the Issuer.
(b) Barclay Powers' home address and his principal place of business is
665 Walther Way, Los Angeles, CA 90049.
(c) Barclay Powers is a Director of the Issuer.
(d) During the last five years, Mr. Powers has not been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, Mr. Powers has not 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 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) Mr. Powers is a United States citizen.
On June 9, 2000, Lawrence Powers, the Issuer's Chairman and Chief
Executive Officer, through his sole proprietorship Powers & Co., gave Mr.
Powers' son, Barclay Powers 1,000,000 shares of Common Stock and options to
acquire an additional 500,000 shares for $.50 per share, exercisable for five
years. Barclay Powers is also a director of the Issuer.
On July 11, 2000, Lawrence Powers sold Barclay Powers 600,000 shares of
Common Stock. Barclay Powers used his own personal funds for the purchase.
As a result of the above transaction, Barclay Powers owns 3,968,333 shares
of Common Stock and options to acquire an additional 850,000 shares.
Item 5. Interest in Securities of the Issuer.
(a) Barclay Powers directly and beneficially owns 4,818,333 shares of
Common Stock (See Item 2), representing approximately 32.1% of the Common Stock.
(b) Barclay Powers has sole voting and dispositive power with respect to
the shares of Common Stock owned by Barclay Powers.
(c) There have been no transactions in respect of the Common Stock during
the past 60 days which are required to be reported in this Item 5 except as
described in Item 2.
(d) No person other than Barclay Powers has the right to receive or the
power to direct the receipt of dividends from or the proceeds from the sale of
Common Stock owned by Barclay Powers.
(e) Not applicable.
Page 3 of 4
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
None, other than as described in Item 2.
Item 7. Material to be Filed as Exhibits.
None.
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.
Barclay Powers
Date: July 25, 2000 /s/ Barclay Powers
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