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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
Under the Securities Exchange Act of 1934
HEALTHCARE IMAGING SERVICES, INC.
---------------------------------
(Name of Issuer)
Shares of Common Stock
----------------------
(Title of Class of Securities)
421939-109
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(CUSIP Number for Common Stock)
Check the following box if a fee is being paid with this
statement. [ ] (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting
beneficial ownership of more than 5% of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of 5% or less of such
class. (See Rule 13d-7)
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CUSIP No. 421939-109 for Common Stock
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1) Name of Reporting Person: Biltmore Securities, Inc.,
--------------------------
2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [X]
3) SEC Use Only
4) Citizenship or Place of Organization: Biltmore Securities,
Inc. is a Delaware
corporation
Number of 5) Sole Voting Power: 750,000 shares of Common
Shares Stock issuable upon
Beneficially exercise of an Option to
Owned by Each purchase the Issuer's
Reporting Common Stock.
Person With
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CUSIP No. 421939-109 for Common Stock
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6) Shared Voting Power: None.
7) Sole Dispositive Power: 750,000 shares of Common
Stock issuable upon
exercise of an option to
purchase the Issuer's
Common Stock.
8) Shared Dispositive Power: None.
9) Aggregate Amount Beneficially Owned by Each Reporting
Person:
750,000 shares of Common Stock issuable upon exercise of an option to
purchase the Issuer's Common Stock.
10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9): 8.47% of Common
Stock based on 8,856,474 shares of Common Stock outstanding as of November 11,
1997 assuming exercise of the option to purchase 750,000 shares of Common Stock.
12) Type of Reporting Person (See Instructions): BD
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CUSIP No. 421939-109 for Common Stock
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ITEM 1(a): NAME OF ISSUER
- ---------- --------------
Healthcare Imaging Services, Inc.
ITEM 1(b): ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
- ---------- -----------------------------------------------
200 Schulz Drive, Middletown, NJ 07701
ITEM 2(a): NAME OF PERSON FILING
- ---------- ---------------------
Biltmore Securities, Inc.
ITEM 2(b): ADDRESS OF PRINCIPAL BUSINESS OFFICE
- ---------- ------------------------------------
6700 North Andrews Avenue, Ste. 500, Fort Lauderdale, FL 33309
ITEM 2(c): CITIZENSHIP
- ---------- -----------
Biltmore Securities, Inc. is a corporation formed under the laws
of Delaware.
ITEM 2(d): TITLE OF CLASS OF SECURITIES
- ---------- ----------------------------
Common Stock.
ITEM 2(e): CUSIP NUMBER
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421939-109
ITEM 3: If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [X] Broker or dealer registered under Section 15 of the
Act;
(b) [ ] Bank as defined in Section 3(a)(b) of the Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act;
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act;
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CUSIP No. 421939-109 for Common Stock
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(e) [ ] Investment Advisor registered under Section 203 of
the Investment Advisors Act of 1940;
(f) [ ] Employee Benefit Plan, Pension Fund which
is subject to the provisions of the Employee
Retirement Income Security Act of 1974 or Endowment
Fund; see 13d- 1(b)(1)(ii)(F);
(g) [ ] Parent Holding Company, in accordance Rule 13d-
1(b)(ii)(G); see Item 7;
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
ITEM 4: OWNERSHIP
- ------- ---------
(a) Amount Beneficially owned: 750,000 shares of Common Stock
issuable upon exercise of an option to purchase the Issuer's
Common Stock.
(b) Percent of Class: 8.47% of Common Stock based on 8,856,474
shares of Common Stock outstanding as of November 11, 1997,
assuming exercise of the option to purchase 750,000 shares of
Common Stock.
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote: 750,000
shares of Common Stock issuable upon exercise of an
option to purchase the Issuer's Common Stock.
(ii) Shared power to vote or to direct the vote: None
(iii) Sole power to dispose or to direct the disposition
of: 750,000 shares of Common Stock issuable upon
exercise of an option to purchase the Issuer's Common
Stock.
(iv) Shared power to dispose or to direct the disposition
of: None
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
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CUSIP No. 421939-109 for Common Stock
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owner of more than five percent of the class of securities, check the
following [ ].
ITEM 6: OWNERSHIP OF MORE THAN 5% 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
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Not Applicable
ITEM 10: CERTIFICATION
- -------- -------------
By signing below, the undersigned certify that, to the best of their
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purpose of effect.
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CUSIP No. 421939-109 for Common Stock
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: December 31, 1997
BILTMORE SECURITIES, INC.
/s/ Richard B. Bronson
-------------------------
By: Richard B. Bronson
Title: President
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