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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
Celerity Solutions, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
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(CUSIP Number)
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 22, 2000
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [_]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
* 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
disclosures provided in a prior cover page.
The information required on 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
<PAGE>
CUSIP No.
________________________________________________________________________________
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Paul Carr
________________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [x]
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Source of Funds (See Instructions)
00, PF
________________________________________________________________________________
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e)
N/A
________________________________________________________________________________
6. Citizenship or Place of Organization
United States
________________________________________________________________________________
7. Sole Voting Power
Number of 3,055,812
Shares _________________________________________________________________
8. Shared Voting Power
Beneficially
0
Owned by
_________________________________________________________________
Each 9. Sole Dispositive Power
Reporting 3,055,812
Person _________________________________________________________________
10. Shared Dispositive Power
With
0
________________________________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,055,812
________________________________________________________________________________
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
N/A
________________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11)
24.96%
________________________________________________________________________________
14. Type of Reporting Person (See Instructions)
Individual
________________________________________________________________________________
<PAGE>
CUSIP No.
________________________________________________________________________________
Item 1. Security and Issuer.
Security: Common Stock of Celerity Solutions, Inc. (the "Company").
Issuer: The Company.
Company's Principal Office: 270 Bridge Street, Suite 301, Dedham, MA
02026.
________________________________________________________________________________
Item 2. Identity and Background.
(a) Name of Person Filing This Statement: Paul Carr
(b) Business Address: 270 Bridge Street, Suite 301, Dedham, MA 02026
(c) Principal Occupation: Paul Carr is the Chief Executive Officer of
Celerity Solutions, Inc.
(d) Criminal Convictions In Past Five Years: None.
(e) Party to a Civil Proceeding in Past Five Years: No.
(f) Citizenship: United States.
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
Paul Carr acquired 750,000 shares of common stock on July 13, 1999 for a
reduction of $300,000 of indebtedness owed to Mr. Carr by the Company. Mr.
Carr acquired 800,000 shares of Common Stock on March 22, 2000 for $400,000
of which $114,788 was paid in cash from personal funds and $285,212 was
paid by reduction of a like amount of indebtedness owed to Mr. Carr by the
Company. The remaining 600,000 shares of Common Stock acquired, reported on
the Form 13D, were beneficially acquired by Mr. Carr by a grant of option
to purchase such shares at an exercise price of $1.09 per shares by the
Company's Board of Directors.
________________________________________________________________________________
Item 4. Purpose of Transaction.
Mr. Carr acquired the securities reported on this Form 13D for investment.
(a) Acquisition of Additional Securities: None.
(b) Extraordinary Corporate Transactions: None.
(c) Sale Or Transfer Of A Material Amount Of Assets: None.
(d) Change in the Board of Directors or Management: None.
(e) Material Change in Present Capitalization of Dividend Policy: None.
(f) Any Other Material Change In The Business Or Corporate Structure:
None
(g) Change in Bylaws, Charter, Etc: None.
(h) Delisting Of A Class of Securities: None.
(i) Securities Eligible For Termination Of Registration: None.
(j) Any Actions Similar To Those Enumerated Above: None.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer.
(a) Aggregate Number of Shares Beneficially Owned: Aggregate number of
outstanding shares beneficially owned by Mr. Carr is 3,055,812, of
which 850,000 represents shares of Common Stock which may be acquired
upon the exercise of stock options.
Percentage of Securities Beneficially Owned: 24.96%
(b) Mr. Carr has sole voting power and sole dispositive power over the
3,055,812 shares reported or beneficially owned by Mr. Carr.
(c) None.
(d) None.
(e) Not applicable.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None.
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
None.
________________________________________________________________________________
<PAGE>
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.
4/11/00
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(Date)
/s/ PAUL CARR
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(Signature)
Paul Carr/CEO
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(Name/Title)
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention. Intentional misstatements or omissions of fact constitute Federal
criminal violations (see 18 U.S.C. 1001)
