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United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
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COMPOSITECH LTD
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Name of Issuer
Common Stock
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Title of Class of Securities
204938 10 4
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CUSIP Number
Check the following space if a fee is being paid with this
statement .
--
(A fee is not required if the filing person: (1) has a
previous statement on file reporting beneficial ownership of
more than five percent of the class of securities described
in Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of
such class.) (see Rule 13d-7).
* 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 the disclosures provided in a prior cover page.
The information required in 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).
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CUSIP NO. 204938 10 4 Page 2 of 5
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1. Name of Reporting Person Social Security Number
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Jonas Medney
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2. Check the Appropriate Box if a Member of a Group
a.
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b.
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3. SEC Use Only
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4. Citizenship or Place of Organization
United States Citizen
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Number of Shares 5. Sole Voting Power
Beneficially Owned 1,268,395
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by Each Reporting 6. Shared Voting Power
Person With -0-
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7. Sole Dispositive Power
1,268,395
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8. Shared Dispositive Power
-0-
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9. Aggregate Amount Beneficially Owned By Each Reporting
Person
1,268,395*
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10. Check if the Aggregate Amount in Row 9 Excludes Certain
Shares*
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11. Percent of Class Represented by Amount in Row 9
20.5%
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12. Type of Reporting Person*
IN
[FN]
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* See Instructions
[FN]
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SCHEDULE 13G
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ITEM 1 (A). NAME OF ISSUER:
COMPOSITECH LTD.
ITEM 1 (B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:
120 Ricefield Lane, Hauppauge, New York 11788
ITEM 2 (A). NAME OF PERSON FILING:
Jonas Medney
ITEM 2 (B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
120 Ricefield Lane, Hauppauge, New York 11788
ITEM 2 (C). CITIZENSHIP:
United States Citizen
ITEM 2 (D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2 (E). CUSIP NUMBERS:
204938 10 4
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-
1(B), OR 13D-2(B), CHECK WHETHER THE PERSON IS
FILING A:
n/a
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned:
1,268,395
(b) Percent of Class:
20.5%
(c) Number of shares as to which such
person has:
(i) sole power to vote or to direct
the
vote:
1,268,395
(ii)shared power to vote or direct
the
vote:
-0-
(iii) sole power to dispose or to
direct
the disposition of:
1,268,395
(iv)shared power to dispose or to
direct
the disposition of:
-0-
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
n/a
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON:
n/a
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
n/a
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP:
n/a
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
n/a
ITEM 10. CERTIFICATION:
n/a
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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.
Date: February 10, 1997
Signature: /s/ Jonas Medney
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Name/Title: Jonas Medney
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Chairman and CEO
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