UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
______________________________Golf Ventures, Inc. _____________________________
(Name of Issuer)
_________________________________Common Stock _ ______________
(Title of Class of Securities)
_________________________________381 682 202_ ______________
(CUSIP Number)
*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 on 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 1 of 4 Pages
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SCHEDULE 13G
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CUSIP NO. 381 682 202 Page 2 of 4 Pages
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Leasing Technology Incorporated
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
UTAH
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5 SOLE VOTING POWER
2,582,438
NUMBER OF
SHARES ---------------------------------------
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH NA
REPORTING ---------------------------------------
PERSON
WITH 7 SOLE DISPOSITIVE POWER
531,981
---------------------------------------
8 SHARED DISPOSITIVE POWER
NA
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,582,438
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
66.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4 Pages
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Item 1. Name and Address of Issuer.
(a) This statement relates to Golf Ventures, Inc., a Utah corporation
(the "Company").
(b) The principal executive offices of the Company are located at 102
West 500 South, Suite 400, Salt Lake City, Utah 84101.
Item 2. Identity and Background.
(a) This statement is filed by Leasing Technology Incorporated
("LTI").
(b) The principal business address of LTI is 102 West 500 South, Suite
400, Salt Lake City, Utah 84101.
(c) LTI was organized under the laws of Utah.
(d) This statement relates to the common stock, par value $.001 per
share (the "Common Stock") of the Company.
(e) The CUSIP number of the Company is 381 682 202.
Item 3. Not Applicable.
Item 4. Ownership.
(a) LTI beneficially owns 2,582,438 shares of Common Stock of which
531,981 shares are held of record by LTI. The balance of 2,050,457
shares represents the number of votes attributable to 287,064
shares of the Company's Series B Preferred Stock owned by Banque
SCS Alliance SA which has delivered a proxy to LTI to vote such
shares.
(b)-(c) Items 5-9 and 11 of the cover page of this Schedule 13G, which
relate to the beneficial ownership of shares by LTI, are hereby
incorporated by reference in response to this item. The number of
shares as to which LTI has the sole power to vote or to direct the
vote includes the 2,050,457 votes attributable to the 287,064
shares of Series B Preferred Stock referred to in paragraph (a) of
this Item 4.
Item 5. Not Applicable.
Item 6. Not Applicable.
Item 7. Not Applicable.
Item 8. Not Applicable.
Item 9. Not Applicable.
Item 10. Not Applicable.
Page 3 of 4 Pages
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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.
February 13, 1997
Leasing Technology Incorporated
By:________/s/ Stephen Spencer__
Stephen Spencer
Page 4 of 4 Pages
