SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
CELEBRITY ENTERTAINMENT, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
150924504
(CUSIP Number)
JULIA K. O'NEILL, FLEMING & O'NEILL
TWO NEWTON PLACE, SUITE 200, NEWTON, MA 02158 (617) 965-8990
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
10/9/96
(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 [ ].
Check the following box if a fee is being paid with this statement [x]. (A fee
is not required only if the reporting 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 less than five percent of such class.
See Rule 13d-7.)
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.
* 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).
CUSIP No. 150924504
1) Name of Reporting Person
S. S. or I. R. S. Identification No. of Above Person
Select International Securities GmbH.
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
3) SEC Use Only<PAGE>
4) Source of Funds (See Instructions)
WC
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
6) Citizenship or Place of Organization
Germany
Number of (7) Sole Voting Power
Shares 1,680,313
Bene-
ficially (8) Shared Voting Power
Owned by 0
Each
Report- (9) Sole Dispositive Power
ing 1,680,313
Person
With (10) Shared Dispositive Power
0
11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,680,313
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
13) Percent of Class Represented by Amount in Row (11)
11%
14) Type of Reporting Person (See Instructions)
CO
SCHEDULE 13D
SELECT INTERNATIONAL SECURITIES GMBH.
Item 1. Security and Issuer
Common Stock
Celebrity Entertainment, Inc.
214 Brazilian Ave.
Suite 400
Palm Beach, Florida 33480
Item 2. Identity and Background
(a) Select International Securities GmbH. (Reporting Person)
(b) Place of organization: Germany
(c) Principal Business: Investment Broker
Address: Graf-Adolf-Str. 108, 40210 Dusseldorf, Germany
(d) No criminal convictions.
(e) Not a party to any of referenced proceedings.
(a) Udo Schieke (Sole Officer and Director of Select International Securities
GmbH.)
(b) Graf-Adolf-Str. 108, 40210 Dusseldorf, Germany
(c) Investment Broker
(d) No criminal convictions.
(e) Not a party to any of referenced proceedings.
(f) German Citizen.
Item 3. Source and Amount of Funds or Other Consideration
Select International Securities GmbH. ("Select") purchased convertible
debentures of the issuer with an aggregate face value of $267,800 for cash
equal to the face value, over a two-month period beginning May 20, 1996. The
debentures were issued pursuant to Regulation S. All of the debentures were
converted on October 9, 1996 into an aggregate 1,680,313 shares of common stock
of the issuer.
Item 4. Purpose of Transaction
Select purchased the debentures for investment purposes.
Item 5. Interest in Securities of the Issuer
(a) Select is the beneficial and direct owner of 1,680,313 shares of common
stock of the issuer, or 11%.
(b) Select has sole power to vote and dispose of all shares owned by it.
(c) No transactions in the securities of the issuer, other than the
transaction reported herein, were effected by the listed persons during the past
sixty days.
(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.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Consent Letter of Shareholder (Exhibit A) is hereby incorporated by reference in
its entirety.
Item 7. Material to be Filed as Exhibits
Exhibit A - Consent Letter of Shareholder
Signatures
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.
11/18/96 Select International Securities GmbH.
Date
By: /s/ Udo Schieke
Udo Schieke, Director
EXHIBIT A TO SCHEDULE 13D
CONSENT LETTER OF SHAREHOLDER
Date: November 5, 1996
Celebrity Entertainment, Inc.
214 Brazilian Ave., Suite 400
Palm Beach, FL 33480
Dear Sirs:
As a shareholder of 1,680,313 shares of common stock of Celebrity
Entertainment, Inc. (the "Company"), representing 11% percent of the voting
shares of the Company, I am writing to request and to consent to the Company's
effectuating a reverse split of its common stock on a one-for-fifty basis, with
one whole share being issued in lieu of any fractional share, as soon as
possible. The number of authorized shares should not change but should remain
at the current level.
Thank you.
Sincerely,
Select International Securities
GmbH.
By: /s/ Udo Schieke
Udo Schieke, Director
