SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
ENHANCED SERVICES COMPANY, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
29-331C-20-1
(CUSIP Number)
MARCH 6, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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CUSIP NO. 29-331C-20-1 13G Page 2 of 9 Pages
1 NAME OF REPORTING PERSON NETVEST CAPITAL FUNDING, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A)[ ]
(B)[ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE
NUMBER OF 5 SOLE VOTING POWER 0
SHARES
6 SHARED VOTING POWER 220,000
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER 0
EACH
REPORTING 8 SHARED DISPOSITIVE POWER 220,000
PERSON
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
220,000 Shares
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.6%
12 TYPE OF REPORTING PERSON*
CO
* SEE INSTRUCTIONS BEFORE FILING OUT!
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CUSIP NO. 29-331C-20-1 13G Page 3 of 9 Pages
1 NAME OF REPORTING PERSON NETVEST CAPITAL PARTNERS LP
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A)[ ]
(B)[ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE
NUMBER OF 5 SOLE VOTING POWER 0
SHARES
6 SHARED VOTING POWER 220,000
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER 0
EACH
REPORTING 8 SHARED DISPOSITIVE POWER 220,000
PERSON
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
220,000 Shares
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.6%
12 TYPE OF REPORTING PERSON*
PN
* SEE INSTRUCTIONS BEFORE FILING OUT!
<PAGE>
Page 4 of 9 Pages
STATEMENT FOR SCHEDULE 13G
ITEM 1(A). NAME OF ISSUER:
Enhanced Services Company, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
16000 Barkers Point Lane, Houston Texas 77079
ITEM 2(A). NAME OF PERSONS FILING:
This statement is filed jointly by Netvest Capital Funding, Inc., a
Delaware corporation ("Netvest GP") and Netvest Capital Partners LP, a Delaware
limited partnership ("Netvest LP" and together with Netvest GP, the "Filing
Persons"). Netvest GP is the sole general partner of Netvest LP. Attached as
Exhibit A hereto is the joint filing agreement of the filing persons, filed
pursuant to Rule 13d-1(k)(1)(iii).
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The principal business office of each of the Filing Persons is:
11835 W. Olympic Blvd.
Suite 1090
Los Angeles, California 90064-5001
ITEM 2(C). CITIZENSHIP OR PLACE OF ORGANIZATION:
Netvest GP is a Delaware corporation and Netvest LP is a Delaware limited
partnership.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E). CUSIP NUMBER:
29-331C-20-1
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS. 240.13D-1(b) OR
240.13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
netmast\zulu\sec.13g
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Page 5 of 9 Pages
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the of
the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with ss. 240.13d-1(b)(1)
(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with ss.240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to ss. 240.13d-1(c), check this box [X].
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
(i) Netvest Capital Partners LP ("Netvest LP"): 220,000 shares
(ii) Netvest Capital Funding, Inc. ("Netvest GP"): 220,000 shares
The shares of the issuer are owned of record by Netvest LP. Netvest
GP is the sole general partner of Netvest LP. Under the partnership
agreement of Netvest LP, Netvest GP has the sole power to vote and
dispose of the shares. Accordingly, Netvest GP is also making this
filing because it may be deemed to be the beneficial owner of such
shares under Rule 13d-3.
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Page 6 of 9 Pages
(b) Percent of class: 19.6%*
* Calculated on the basis of 1,126,474 shares outstanding as
disclosed in the issuer's Form 10K for the fiscal year ended
November 30, 1997.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Netvest LP: 0 shares
Netvest GP: 0 shares
Pursuant to a Voting Trust Agreement dated March 6, 1998, the
shares are held in trust by Richard Fisher, Esq. who will vote
the shares after consultation with the respective holders and
in a manner to assure a continued listing of the issuer on the
Nasdaq SmallCap Market.
(ii) Shared power to vote or to direct the vote:
Netvest LP: 220,000 shares
Netvest GP: 220,000 shares
See Item 4(c)(i) above.
(iii) Sole power to dispose or to direct the disposition of:
Netvest LP: 0 shares
Netvest GP: 0 shares
See Item 4(c)(i) above.
(iv) Shared power to dispose or to direct the disposition of
Netvest LP: 220,000 shares
Netvest GP: 220,000 shares
See Item 4(c)(i) above.
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Page 7 of 9 Pages
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
(a) Not applicable.
(b) The following certification shall be included if the statement is
filed pursuant to ss. 240.13d-1(c):
By signing below the undersigned certify that, to the best of their
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a
participant in any transaction have that purpose or effect.
<PAGE>
Page 8 of 9 Pages
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: March 16, 1998 NETVEST CAPITAL FUNDING, INC.
By:/s/ ROSANNA KANDER
Name: Rosanna Kander
Title: Secretary
Dated: March 16, 1998 NETVEST CAPITAL PARTNERS LP
By: NETVEST CAPITAL FUNDING, INC.,
as General Partner
By:/s/ ROSANNA KANDER
Name: Rosanna Kander
Title: Secretary
<PAGE>
Page 9 of 9 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G with respect to
the shares of common stock of Enhanced Services Company, Inc. dated March 16,
1998 is, and any amendments thereto executed by each of us shall be filed on
behalf of each of us pursuant to and in accordance with the provisions of Rule
13d-1(k) under the Securities Exchange Act of 1934, as amended.
Dated: March 16, 1998 NETVEST CAPITAL FUNDING, INC.
By:/s/ ROSANNA KANDER
Name: Rosanna Kander
Title: Secretary
Dated: March 16, 1998 NETVEST CAPITAL PARTNERS LP
By: NETVEST CAPITAL FUNDING, INC.,
as General Partner
By:/s/ ROSANNA KANDER
Name: Rosanna Kander
Title: Secretary
