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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
LEAK-X ENVIRONMENTAL CORPORATION
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
521784-30-6
(CUSIP Number)
Richard L. Schmidt
509 Center Street
Middleburg, PA 17842
(717) 444-3395
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
December 7, 1998
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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 [ ].
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SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 151154309
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard L. Schmidt, SS# ###-##-####
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 145,000
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | |
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 145,000
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| |
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
145,000
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
______________________________________________________________________________
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Item 1. Security and Issuer.
This Statement relates to shares of common stock, $.001 par value (the
"Common Stock"), of Leak-X Corporation, a Delaware corporation (the "Issuer").
The principal executive offices of the Issuer are located at 790 East Market
Street, Suite 270, West Chester, PA 19382.
Item 2. Identity and Background.
(a) This Statement is filed on behalf of Richard L. Schmidt (the
"Reporting Person").
(b) The residence address of the Reporting Person is 509 Center Street,
Middleburg, PA 17842
(c) The principal occupation of the Reporting Person is manufacturer of
prefabricated houses.
(d) During the last five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, the Reporting Person has not been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction resulting in 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) The Reporting Person is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
In a transaction consummated on December 7, 1998, the Reporting Person
acquired 12,500 shares of Common Stock by purchase for cash in an open market
transaction. In a transaction consummated on December 9, 1998, the Reporting
Person acquired 16,000 shares of Common Stock by purchase for cash in an open
market transaction. In a transaction consummated on December 10, 1998, the
Reporting Person acquired 6,000 shares of Common Stock by purchase for cash in
an open market transaction. In a transaction consummated on December 23, 1998,
the Reporting Person acquired 5,000 shares of Common Stock by purchase for cash
in an open market transaction. In a transaction consummated on January 21, 1999,
the Reporting Person acquired 5,500 shares of Common Stock by purchase for cash
in an open market transaction.
Item 4. Purpose of Transaction.
The Reporting Person acquired the shares of Common Stock for investment
purposes and with a view to their resale.
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Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person beneficially owns 145,000 shares of Common
Stock, representing approximately 14.6% of the outstanding shares of Common
Stock of the Issuer.
(b) The Reporting Person has sole voting and dispositive power with
respect to 145,000 shares of Common Stock.
(c) The Reporting Person has not, in the past sixty days, engaged in
any other transactions involving shares of Common Stock of the Issuer.
(d) and (e) N/A.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
N/A
Item 7. Material to be Filed as Exhibits.
N/A
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.
Dated: March 24, 1999 /s/ Richard L. Schmidt
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Richard L. Schmidt
