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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
under the Securities Exchange Act of 1934 (Amendment No. 05 )
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Metro Global Media, Inc.
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(formerly known as South Pointe Enterprises, Inc.)
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(Name of Issuer)
Common Stock, par value $.0001 per share
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(Title and Class of Securities)
591917109
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(CUSIP Number)
Dennis Nichols, 1060 Park Avenue,
Cranston, Rhode Island 02910 (401) 942-7876.
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 5, 1997
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(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 [ ]
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CUSIP No. 591917109
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<S> <C> <C>
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons
Dennis Nichols
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2) Check the Appropriate Box if a Member of a Group
(See Instructions) n/a ........................
(a) ...........................................
(b) ...........................................
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3) SEC Use Only ..................................
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4) Source of Funds (See Instructions) 00 See Item 3
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5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) ..n/a..
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6) Citizenship or Place of Organization ..........
Dennis Nichols, a United States citizen
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Number of (7) Sole Voting Power
shares Bene- 515,700
ficially ---------------------------------------------------------------------
Owned by (8) Shared Voting Power
Each Report- 0
ing Person ---------------------------------------------------------------------
With (9) Sole Dispositive Power
515,700
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(10) Shared Dispositive Power
0
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11) Aggregate Amount Beneficially Owned by Each
Reporting Person Dennis Nichols 515,700
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12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
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13) Percent of Class Represented by Amount in
Row (11) ........ Dennis Nichols 14.54 %
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14) Type of Reporting Person
Dennis Nichols IN
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Item 1. Security and Issuer
This statement relates to the Common Stock, par value $.0001, of
Metro Global Media, Inc. (formerly known as South Pointe
Enterprises, Inc., a Florida corporation. The address of the
Issuer's principal executive office is 1060 Park Avenue, Cranston,
RI 02910.
Item 2. Identity and Background
(a) - (c) Dennis Nichols
1060 Park Avenue
Cranston, Rhode Island 02910
President of Metro, Inc.
(d) Mr. Nichols has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Mr. Nichols has not, during the past five years, 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. Nichols is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
See Item 5.
Item 4. Purpose of Transaction
See Item 5.
Item 5. Interest in Securities of the Issuer
(a) Mr. Nichols is the record and beneficial owner of 515,700
shares of Common Stock of the Issuer, representing 14.54% of
the shares of the Issuer's Common Stock issued and outstanding
at January 31, 1997.
(b) Mr. Nichols has the sole power to vote, or to direct the vote,
and the sole power to dispose, or direct the disposition of all
shares beneficially owned by Mr. Nichols.
(c) On February 5, 1997, Zeon Corporation, formerly the record
owner of 1,236,750 shares of the Issuer's Common Stock,
redeemed Mr. Nichols' 40% interest in Zeon Corporation in
consideration of 40% (494,700) of the
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shares of the Issuer held of record by Zeon Corporation. The
purpose of the transaction was to terminate Mr. Nichols'
ownership interest in Zeon Corporation. As a result of the
transaction, Dennis Nichols became the record holder of
494,700 shares of Common Stock of the Issuer, and Greystone
Associates, L.P became the record owner of 100% of Zeon
Corporation (which is the record owner of 742,050 shares of
the Issuer's Common Stock). As a result of the transaction, Mr.
Nichols will no longer be included in the Zeon Corporation /
Greystone Associates, L.P. / Colby Development Corporation /
Kenneth F. Guarino / Capital Video Corporation Schedule 13D.
Item 6. Contracts, Arrangements, Understanding, or
Relationships with Respect to
Securities of the
Issuer.
There are no contracts, arrangements, understandings or
relationships among the persons named in Item 2 and between such
persons and any other person with respect to any securities of the
Issuer.
Item 7. Material to be Filed as Exhibits
not applicable.
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After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
February 17, 1997
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Date
/s/ Dennis Nichols
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Signature
Dennis Nichols, individually
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Name/Title
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