SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
World Access, Inc.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
98141A1
(CUSIP Number)
*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 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).
Page 1 of 27 Pages
<PAGE>
CUSIP NO. 98141A1 13G Page 2 of 27 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Geocapital Ventures
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not applicable
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,928 shares (includes 126,000 shares issuable upon exercise
of warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
Not applicable
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 98141A1 13G Page 3 of 27 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Geocapital II, L.P.
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not applicable
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,928 shares (includes 126,000 shares issuable upon exercise
of warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
Not applicable
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 98141A1 13G Page 4 of 27 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Clearman, Lieber & Company
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not applicable
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 27,906 shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 27,906 shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,728,834 shares (includes 126,000 shares issuable upon exercise
of warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
Not applicable
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.7%
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 98141A1 13G Page 5 of 27 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Softven Management
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not applicable
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 39,626 shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 39,626 shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,740,554 shares (includes 126,000 shares issuable upon exercise
of warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
Not applicable
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.8%
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 98141A1 13G Page 6 of 27 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BVA Associates
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not applicable
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,928 shares (includes 126,000 shares issuable upon exercise
of warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
Not applicable
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 98141A1 13G Page 7 of 27 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen J. Clearman
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not applicable
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,928 shares (includes 126,000 shares issuable upon exercise
of warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
Not applicable
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 98141A1 13G Page 8 of 27 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles Federman
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not applicable
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,928 shares (includes 126,000 shares issuable upon exercise
of warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
Not applicable
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 98141A1 13G Page 9 of 27 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Irwin Lieber
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not applicable
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,928 shares (includes 126,000 shares issuable upon exercise
of warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
Not applicable
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 98141A1 13G Page 10 of 27 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James J. Harrison
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not applicable
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,700,928 shares (includes 126,000 shares
issuable upon exercise of warrants)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,928 shares (includes 126,000 shares issuable upon exercise
of warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
Not applicable
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer:
World Access, Inc. (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
945 E. Paces Ferry Road, Suite 2240, Atlanta, GA 30326.
Item 2(a). Name of Persons Filing:
This statement is being filed by Geocapital Ventures ("Geo
Ventures"), Geocapital II, L.P. ("Geocapital II"), Clearman,
Lieber & Company ("CL & Co."), Softven Management ("Softven"),
BVA Associates ("BVA"), and Stephen J. Clearman, Charles
Federman, Irwin Lieber and James J. Harrison. CL & Co. and BVA
are the general partners of Geo Ventures. Messrs. Clearman,
Lieber and Harrison are the general partners of CL & Co. Mr.
Federman is the managing partner of BVA. BVA and Messrs.
Clearman, Lieber and Harrison are the general partners of
Softven, the sole general partner of Geocapital II. Geo
Ventures, Geocapital II, CL & Co., Softven, BVA, and Messrs.
Clearman, Federman, Lieber and Harrison are sometimes referred to
collectively herein as the "Reporting Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of Geo Ventures,
Geocapital II, CL & Co., Softven, BVA and Messrs. Clearman and
Federman is One Bridge Plaza, Fifth Floor, Fort Lee, New Jersey
07024. The address of the principal business office of Mr. Lieber is
c/o Geocapital Corporation, 767 Fifth Avenue, 45th Floor, New York,
NY 10153. The address of the principal business office of Mr.
Harrison is 777-80 San Antonio Road, Palo Alto, CA 94303.
Item 2(c). Citizenship:
Geo Ventures is a New York limited partnership. CL & Co.
is a New York general partnership. Geocapital II is a Delaware
limited partnership. Softven and BVA are Delaware general
partnerships. Messrs. Clearman, Federman, Lieber and Harrison
are all United States citizens.
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
98141A1
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) [ ] Broker or Dealer registered under Section 15 of the
Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19)
of the Act.
Page 11 of 27 pages
<PAGE>
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Act of 1940.
(e) [ ] Investment Adviser registered under Section 203 of
` the Investment Advisers 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 Rule 13d-1(b)(1)(ii)(F) of the Act.
(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
of the Act.
Not applicable.
Item 4. Ownership:
(a) Amount Beneficially Owned: Each of the Reporting Persons
with the exception of CL & Co. and Softven may be deemed to own
beneficially 1,700,928 shares of Common Stock. CL & Co. may be
deemed to own beneficially 1,728,834 shares of Common Stock. Softven
may be deemed to own beneficially 1,740,554 shares of Common Stock.
Geo Ventures is the record owner of 643,028 shares of Common
Stock and presently exercisable warrants to purchase 63,000 shares
of Common Stock (collectively, the "Geo Ventures Shares");
Geocapital II is the record owner of 931,900 shares of Common Stock
and presently exercisable warrants to purchase 63,000 shares of
Common Stock (collectively, the "Geocapital II Shares"). By virtue
of the affiliate relationships between Geo Ventures and Geocapital
II, Geo Ventures and Geocapital II may each be deemed to own
beneficially both the Geo Ventures Shares and the Geocapital II
Shares, a total of 1,700,928 shares (the "Geocapital Shares").
As the general partners of Geo Ventures, CL & Co. and BVA may
each be deemed to own beneficially all of the shares of Common Stock
that Geo Ventures may be deemed to own beneficially. As managing
partner of BVA, Mr. Federman may be deemed to own beneficially all
of the shares of Common Stock that Geo Ventures may be deemed to own
beneficially. As general partners of CL & Co., Messrs. Clearman,
Harrison and Lieber may be deemed to own beneficially all of the
shares of Common Stock that Geo Ventures owns beneficially. As the
sole general partner of Geocapital II, Softven may be deemed to own
beneficially all of the shares of Common Stock that Geocapital II
may be deemed to own beneficially. As general partners of Softven,
BVA and Messrs. Clearman, Lieber and Harrison may each be deemed to
own beneficially all of the shares of Common Stock that Geocapital
II may be deemed to own beneficially. As managing partner of BVA,
Mr. Federman may be deemed to own beneficially all of the shares of
Common Stock that Geocapital II may be deemed to own beneficially.
Therefore, each Reporting Person, with the exception of CL & Co.
and Softven, may be deemed to own beneficially a total of
1,700,928 shares. In addition to the 1,700,928 Geocapital Shares,
CL & Co. is the owner of record of 27,906 shares and may be
deemed to own beneficially a total of 1,728,834 shares. In
addition to the 1,700,928 Geocapital Shares, Softven is the owner
of record of 39,626 shares and may be deemed to own beneficially
1,740,554 shares.
(b) Percent of Class: 10.5% for all Reporting Persons except CL &
Co. and Softven; 10.7% for CL & Co.; and 10.8% for Softven. The
foregoing percentages are calculated based on the 16,163,069
shares reported to be outstanding in the Company's Quarterly
Report on Form 10-Q for the quarter ended September 30, 1996.
Page 12 of 27 pages
<PAGE>
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0 shares for
all Reporting Persons excpet CL & Co. and Softven;
27,906 shares for CL & Co.; and 39,626 shares for
Softven.
(ii) Shared power to vote or to direct the vote: 1,700,928
shares for all Reporting Persons except CL & Co. and
Softven; 1,728,834 shares for CL & Co.; and 1,740,554
shares for Softven.
(iii) Sole power to dispose or to direct the disposition of: 0
shares for all Reporting Persons except CL & Co. and
Softven; 27,906 shares for CL & Co.; and 39,626 shares
for Softven.
(iv) Shared power to dispose or to direct the disposition of:
1,700,928 shares for all Reporting Persons except CL &
Co. and Softven; 1,728,834 shares for CL & Co.; and
1,740,554 shares for Softven.
Each Reporting Person expressly disclaims beneficial ownership of
any shares of Common Stock of World Access, Inc., except in the case
of Geo Ventures, for the 643,028 shares it owns of record, in
the case of Geocapital II, for the 931,900 shares it owns of record,
in the case of CL & Co., for the 27,906 shares it owns of record,
and, in the case of Softven, for the 39,626 shares it owns of
record.
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:
Not applicable. Geocapital Ventures, Geocapital II, L.P., Clearman,
Lieber & Company, BVA Associates, Softven Management and Messrs.
Clearman, Federman, Lieber and Harrison expressly disclaim
membership in a "group" as defined in Rule 13d-5(b)(1).
Item 9. Notice of Dissolution of Group:
Not applicable.
Item 10. Certification:
Not applicable.
Page 13 of 27 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its or his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: February 13, 1997
GEOCAPITAL VENTURES
By: Clearman, Lieber & Company
By: *
-----------------------------
Stephen J. Clearman
General Partner
CLEARMAN, LIEBER & COMPANY
By: *
-----------------------------
Stephen J. Clearman
General Partner
GEOCAPITAL II, L.P.
By: Softven Management
By: *
-----------------------------
Stephen J. Clearman
General Partner
SOFTVEN MANAGEMENT
By: *
-----------------------------
Stephen J. Clearman
General Partner
BVA ASSOCIATES
By: *
-----------------------------
Charles Federman
Managing Partner
*
- -----------------------------
Stephen J. Clearman
Page 14 of 27 pages
<PAGE>
*
- -----------------------------
Charles Federman
*
- -----------------------------
Irwin Lieber
*
- -----------------------------
James J. Harrison
*By:/s/Richard A. Vines
-----------------------------
Richard A. Vines
Attorney-in-Fact
- -------------------------------------------------------------------------------
This Schedule 13G was executed by Richard A. Vines pursuant to a Power of
Attorney which was previously filed with the Securities and Exchange Commission
as Exhibit 2 to a Schedule 13D for NETCOM On-Line Communication Services, Inc.
on February 15, 1995, a copy of which is attached hereto as Exhibit 2.
Page 15 of 27 pages
<PAGE>
Exhibit 1
AGREEMENT
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of stock of World Access, Inc.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
EXECUTED this 13th day of February, 1997.
GEOCAPITAL VENTURES
By: Clearman, Lieber & Company
By: *
------------------------------
Stephen J. Clearman
General Partner
CLEARMAN, LIEBER & COMPANY
By: *
-------------------------------
Stephen J. Clearman
General Partner
GEOCAPITAL II, L.P.
By: Softven Management
By: *
------------------------------
Stephen J. Clearman
General Partner
SOFTVEN MANAGEMENT
By: *
-------------------------------
Stephen J. Clearman
General Partner
Page 16 of 27 pages
<PAGE>
BVA ASSOCIATES
By: *
-------------------------------
Charles Federman
Managing Partner
*
- -------------------------------
Stephen J. Clearman
*
- -------------------------------
Charles Federman
*
- -------------------------------
Irwin Lieber
*
- -------------------------------
James J. Harrison
*By:/s/Richard A. Vines
--------------------------
Richard A. Vines
Attorney-in-Fact
- ------------------------------------------------------------------------------
This Agreement was executed by Richard A. Vines pursuant to a Power of Attorney
which was previously filed with the Securities and Exchange Commission as
Exhibit 2 to a Schedule 13D for NETCOM On-Line Communication Services, Inc. on
February 15, 1995, a copy of which is attached hereto as Exhibit 2.
Page 17 of 27 pages
<PAGE>
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Richard A. Vines his true and lawful
attorney-in-fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any and
all regulations promulgated thereunder, and to file the same, with all exhibits
thereto, and any other documents in connection therewith, with the Securities
and Exchange Commission, and with any other entity when and if such is mandated
by the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact full power and authority to
do and perform each and every act and thing necessary, desirable or appropriate,
fully to all intents and purposes as he might or could do in person, thereby
ratifying and confirming all that said attorney-in-fact, or his substitutes, may
lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 9th
day of February, 1995.
/s/ Stephen J. Clearman
---------------------------------
Stephen J. Clearman
---------------------------------
Irwin Lieber
---------------------------------
James J. Harrison
---------------------------------
Lawrence W. Lepard
---------------------------------
Charles Federman
<PAGE>
STATE OF NEW JERSEY )
) ss.:
COUNTY OF )
On this 9th day of February, 1995, before me personally appeared Stephen
J. Clearman to me known and known to me to be the individual described in, and
who executed the foregoing certificate, and he thereupon duly acknowledged to me
that he executed the same.
/s/ Margaret Ehrlich
---------------------------------
Notary Public
My Commission Expires: Margaret Ehrlich
----------------
NOTARY PUBLIC OF NEW JERSEY
MY COMMISSION EXPIRES MAY 25, 199?
STATE OF NEW YORK )
) ss.:
COUNTY OF )
On this day __ of February, 1995, before me personally appeared Irwin
Lieber to me known and known to me to be the individual described in, and who
executed the foregoing certificate, and he thereupon duly acknowledged to me
that he executed the same.
----------------------------------
Notary Public
My Commission Expires:______________
<PAGE>
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Richard A. Vines his true and lawful
attorney-in-fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any and
all regulations promulgated thereunder, and to file the same, with all exhibits
thereto, and any other documents in connection therewith, with the Securities
and Exchange Commission, and with any other entity when and if such is mandated
by the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact full power and authority to
do and perform each and every act and thing necessary, desirable or appropriate,
fully to all intents and purposes as he might or could do in person, thereby
ratifying and confirming all that said attorney-in-fact, or his substitutes, may
lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 9th
day of February, 1995.
---------------------------------
Stephen J. Clearman
/s/ Irwin Lieber
---------------------------------
Irwin Lieber
---------------------------------
James J. Harrison
---------------------------------
Lawrence W. Lepard
---------------------------------
Charles Federman
<PAGE>
STATE OF NEW JERSEY )
) ss.:
COUNTY OF )
On this ___ day of February, 1995, before me personally appeared Stephen
J. Clearman to me known and known to me to be the individual described in, and
who executed the foregoing certificate, and he thereupon duly acknowledged to me
that he executed the same.
----------------------------------
Notary Public
My Commission Expires:______________
STATE OF NEW YORK )
) ss.:
COUNTY OF ROCKLAND )
On this 9th day of February, 1995, before me personally appeared Irwin
Lieber to me known and known to me to be the individual described in, and who
executed the foregoing certificate, and he thereupon duly acknowledged to me
that he executed the same.
/s/ Jeanne E. Flaherty
----------------------------------
Notary Public
My Commission Expires: 4/30/95
Jeanne E. Flaherty
Notary Public, State of New York
No. 4615696
Qualified in Rockland County
Term Expires April 30, 1995
<PAGE>
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Richard A. Vines his true and lawful
attorney-in-fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any and
all regulations promulgated thereunder, and to file the same, with all exhibits
thereto, and any other documents in connection therewith, with the Securities
and Exchange Commission, and with any other entity when and if such is mandated
by the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact full power and authority to
do and perform each and every act and thing necessary, desirable or appropriate,
fully to all intents and purposes as he might or could do in person, thereby
ratifying and confirming all that said attorney-in-fact, or his substitutes, may
lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 9th
day of February, 1995.
---------------------------------
Stephen J. Clearman
---------------------------------
Irwin Lieber
/s/ James J. Harrison
---------------------------------
James J. Harrison
---------------------------------
Lawrence W. Lepard
---------------------------------
Charles Federman
<PAGE>
CALIFORNIA ALL PURPOSE ACKNOWLEDGMENT No.5907
================================================================================
State of California
County of Santa Clara
On 2/9/95 before me, Patricia R. Gekas, Notary Public
----------- -----------------------------------------------------
DATE NAME, TITLE OF OFFICER-E.G.,"JANE DOE, NOTARY PUBLIC"
personally appeared James J. Harrison
----------------------------------------------------
NAME(S} OF SIGNER(S)
|X| personally known to me - OR - |_| proved to me on the basis of
satisfactory evidence to be the person
whose name, is subscribed to the within
instrument and acknowledged to me that
[SEAL} he executed the same in his authorized
capacity, and that by his signature, on
the instrument the person, or the entity
upon behalf of which the person acted,
executed the instrument.
WITNESS my hand and official seal.
/s/Patricia R. Gekas
---------------------------------------
SIGNATURE OF NOTARY
- ------------------------------------OPTIONAL-----------------------------------
Though the data below is not required by law, it may prove valuable to persons
relying on the document and could prevent fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT
|X| INDIVIDUAL
|_| CORPORATE OFFICER Power of Attorney
---------------------------------
- ------------------------------- TITLE OR TYPE OF DOCUMENT
TITLE(S)
|_| PARTNER(S) |_| LIMITED 2
|_| GENERAL ---------------------------------
NUMBER OF PAGES
|_| ATTORNEY-IN-FACT
|_| TRUSTEE(S)
|_| GUARDIAN/CONSERVATOR
|_| OTHER: 2/9/95
------------------------- ---------------------------------
DATE OF DOCUMENT
-------------------------------
-------------------------------
SIGNER IS REPRESENTING:
NAME OF PERSON(S) OR ENTITY(IES}
4 others
- ----------------------------------- ---------------------------------
SIGNER(S) OTHER THAN NAMED ABOVE
- -----------------------------------
- -----------------------------------
================================================================================
(C)1993 NATIONAL NOTARY A5SOCIATION -
8236 Remmet Ave., P.O.Box 7184 - Canoga Park, CA 91308-7184
<PAGE>
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Richard A. Vines his true and lawful
attorney-in-fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any and
all regulations promulgated thereunder, and to file the same, with all exhibits
thereto, and any other documents in connection therewith, with the Securities
and Exchange Commission, and with any other entity when and if such is mandated
by the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact full power and authority to
do and perform each and every act and thing necessary, desirable or appropriate,
fully to all intents and purposes as he might or could do in person, thereby
ratifying and confirming all that said attorney-in-fact, or his substitutes, may
lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 13th
day of February, 1995.
---------------------------------
Stephen J. Clearman
---------------------------------
Irwin Lieber
---------------------------------
James J. Harrison
/s/ Lawrence W. Lepard
---------------------------------
Lawrence W. Lepard
---------------------------------
Charles Federman
<PAGE>
STATE OF CALIFORNIA )
) ss.:
COUNTY OF )
On this ___ day of February, 1995, before me personally appeared James J.
Harrison to me known and known to me to be the individual described in, and who
executed the foregoing certificate, and he thereupon duly acknowledged to me
that he executed the same.
----------------------------------
Notary Public
My Commission Expires:______________
STATE OF NEW JERSEY )
) ss.:
COUNTY OF BERGEN )
On this 13th day of February, 1995, before me personally appeared Lawrence
W. Lepard to me known and known to me to be the individual described in, and who
executed the foregoing certificate, and he thereupon duly acknowledged to me
that he executed the same.
/s/ Anne G. Gilmen
----------------------------------
Notary Public
My Commission Expires: 9-19-95
-----------
<PAGE>
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Richard A. Vines his true and lawful
attorney-in-fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any and
all regulations promulgated thereunder, and to file the same, with all exhibits
thereto, and any other documents in connection therewith, with the Securities
and Exchange Commission, and with any other entity when and if such is mandated
by the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact full power and authority to
do and perform each and every act and thing necessary, desirable or appropriate,
fully to all intents and purposes as he might or could do in person, thereby
ratifying and confirming all that said attorney-in-fact, or his substitutes, may
lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 9th
day of February, 1995.
---------------------------------
Stephen J. Clearman
---------------------------------
Irwin Lieber
---------------------------------
James J. Harrison
---------------------------------
Lawrence W. Lepard
/s/ Charles Federman
---------------------------------
Charles Federman
<PAGE>
STATE OF CALIFORNIA )
) ss.:
COUNTY OF SAN MATEO )
On this 9 day of February, 1995, before me personally appeared Charles
Federman to me known and known to me to be the individual described in, and who
executed the foregoing certificate, and he thereupon duly acknowledged to me
that he executed the same.
/s/ Sylvia A. Yacoub
[SEAL] ----------------------------------
Notary Public
My Commission Expires: 3-21-97
------------
