UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
LASER-PACIFIC MEDIA CORPORATION
---------------------------------------
(Name of Issuer)
Common Stock, Par Value $.0001 per share
----------------------------------------
(Title of Class of Securities)
517923
---------------------------------
(CUSIP Number)
August 1, 2000
---------------------------------
(Date of Event Which Requires Filing of this
Statement)
Check the appropriate box to designate the rule
pursuant to which this Schedule 13G is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*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 the disclosures
provided in a prior cover page.
The information required in the remainder of this
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).
1. NAME OF REPORTING PERSON
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS
(entities only)
Bruce Galloway (for and on behalf of accounts over
which he has control)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
---
(b) X
---
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
5. Sole Voting Power: 322,400
Number of
Shares
Beneficially 6. Shared Voting Power: -0-
Owned By
Each
Reporting 7. Sole Dispositive Power: 322,400
Person
With
8. Shared Dispositive Power: -0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
322,400 (1)
10. CHECK THE BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES
CERTAIN SHARES *
Not Applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately 4.2%
12. TYPE OF REPORTING PERSON*
IN
(1) The Reporting Person disclaims any beneficial
ownership of the shares reported by Digital Creative
Development Corporation and Ralph J. Sorrentino on
this joint Schedule 13G.
1. NAME OF REPORTING PERSON
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS
(entities only)
Digital Creative Development Corporation 13-4102909
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
---
(b) X
---
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5. Sole Voting Power: 93,000
Number of
Shares
Beneficially 6. Shared Voting Power: -0-
Owned By
Each
Reporting 7. Sole Dispositive Power: 93,000
Person
With
8. Shared Dispositive Power: -0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
93,000 (2)
10. CHECK THE BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES
CERTAIN SHARES *
Not Applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately 1.2%
12. TYPE OF REPORTING PERSON*
CO
(2) The Reporting Person disclaims any beneficial
ownership of the shares reported by Bruce Galloway
and Ralph J. Sorrentino on this joint Schedule 13G.
1. NAME OF REPORTING PERSON
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS
(entities only)
Ralph J. Sorrentino
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
---
(b) X
---
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5. Sole Voting Power: 20,300
Number of
Shares
Beneficially 6. Shared Voting Power: -0-
Owned By
Each
Reporting 7. Sole Dispositive Power: 20,300
Person
With
8. Shared Dispositive Power: -0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
20,300 (3)
10. CHECK THE BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES
CERTAIN SHARES *
Not Applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately .3%
12. TYPE OF REPORTING PERSON*
CO
(3) The Reporting Person disclaims any beneficial
ownership of the shares reported by Bruce Galloway
and Digital Creative Development Corporation on this
joint Schedule 13G.
Item 1(a)- Name of Issuer:
Laser-Pacific Media Corporation
Item 1(b)- Address of Issuer's Principal Executive
Offices:
809 N. Cahuenga Blvd.
Hollywood, California 90038
Item 2(a)- Name of Persons Filing:
Bruce Galloway
Digital Creative Development Corporation
Ralph J. Sorrentino
Item 2(b)- Address of Principal Business Office:
Bruce Galloway
1325 Avenue of the Americas
26th Floor
New York, New York 10019
Digital Creative Development Corporation
67 Irving Place North, 4th Floor
New York, New York 10003
Ralph J. Sorrentino
67 Irving Place North, 4th Floor
New York, New York 10003
Item 2(c)- Citizenship (Place of Incorporation):
Bruce Galloway: United States
Digital Creative
Development Corporation: Delaware
Ralph J. Sorrentino: United States
Item 2(d)- Title of Class of Securities:
Common Stock, $.0001 par value
Item 2(e)- Cusip Number:
517923
Item 3- This statement is being filed pursuant
to Rule 13d-1(c).
Item 4(a)- Amount beneficially owned:
Bruce Galloway: 322,400
Digital Creative Development Corporation: 93,000
Ralph J. Sorrentino: 20,300
Item 4(b)- Percent of Class: 5.6%
Item 4(c)- Number of Shares to which the
reporting person has:
(i) sole power to vote or to direct the vote:*
(ii) shared power to vote or to direct the vote: *
(iii) sole power to dispose or to direct the
disposition of: *
(iv) shared power to dispose or to direct the
disposition of: *
* See items 5-11, above
Each of Bruce Galloway, Digital Creative Development
Corporation and Ralph J. Sorrentino expressly
declares that the filing of this statement on
Schedule 13G shall not be construed as an admission
that they are, for the purposes of Section 13(d) or
13(g) of the Securities and Exchange Act of 1934, the
beneficial owners of any securities reported by the
other reporting persons in this statement. The
parties are filing this statement because of the
corporate affiliation among them.
Item 5 - Ownership of Five Percent or Less of
a Class: Not Applicable
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:
This Schedule 13G Statement is being filed on behalf
of the Reporting Persons pursuant to Rule 13d-1(c).
The identity of each of the Item 2 persons is set
forth in Item 2(c) hereof.
Item 9- Notice of Dissolution of Group:
Not Applicable
Item 10- Certification:
By signing below I certify that, to the best of my
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 the securities and were not
acquired in connection with or as a participant in
any transaction having that purpose or effect.
Exhibits.
Exhibit B - Statement Required by Rule 13d-1(f)
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.
/s/ Bruce Galloway
Bruce Galloway
DIGITAL CREATIVE DEVELOPMENT
CORPORATION
By: /s/ Ralph J. Sorrentino
Name: Ralph J. Sorrentino
Title: President
/s/ Ralph J. Sorrentino
Ralph J. Sorrentino
EXHIBIT A TO SCHEDULE 13G
Agreement for Filing Schedule 13G
Pursuant to the requirements of Regulation 13d-1,
Bruce Galloway and Digital Creative Development
Corporation each agree that Schedule 13G filed by
them with regard to Laser-Pacific Media Corporation's
common stock is filed on behalf of each of them.
/s/ Bruce Galloway
Bruce Galloway
DIGITAL CREATIVE DEVELOPMENT CORPORATION
By: /s/ Ralph J. Sorrentino
Name: Ralph J. Sorrentino
Title: President
/s/ Ralph J. Sorrentino
Ralph J. Sorrentino
Cusip No. 517923 Page 11 of Pages
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