U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
ComVest Capital Partners LLC
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(Last) (First) (Middle)
830 Third Avenue
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(Street)
New York, New York 10022
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
March 16, 2000
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
U.S. Wireless Data, Inc. (NASDAQOTC: USWDA)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
________________________________________
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
|_| Form filed by One Reporting Person
|X| Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
Common Stock 7,920,000 D (1)
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</TABLE>
* If the Form is filed by more than one Reporting Person see instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 2
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses: (1) Michael S. Falk ("Falk"), Robert Priddy ("Priddy")
and Keith Rosenbloom ("Rosenbloom") are the Managers and principal members of
ComVest Capital Partners LLC ("ComVest"). Each of Falk, Priddy and Rosenbloom
disclaim beneficial ownership of the shares of common stock held by ComVest
other than that portion which corresponds with each of their membership interest
in ComVest.
ComVest Capital Partners LLC
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** Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
Page 2 of 2
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JOINT FILER INFORMATION
Name: ComVest Capital Partners LLC
830 Third Avenue
New York, New York 10022
Designated Filer: ComVest Capital Partners LLC
Issuer & Ticker Symbol: U.S. Wireless Data, Inc. (NASDAQOTC: USWDA)
Date of Event Requiring: March 16, 2000
Signature:
By: __________________________________
Keith Rosenbloom, Manager
Name: Michael S. Falk
830 Third Avenue
New York, New York 10022
Designated Filer: ComVest Capital Partners LLC
Issuer & Ticker Symbol: U.S. Wireless Data, Inc. (NASDAQOTC: USWDA)
Date of Event Requiring: March 16, 2000
Signature: ____________________________________
Michael S. Falk
Name: Keith Rosenbloom
830 Third Avenue
New York, New York 10022
Designated Filer: ComVest Capital Partners LLC
Issuer & Ticker Symbol: U.S. Wireless Data, Inc. (NASDAQOTC: USWDA)
Date of Event Requiring: March 16, 2000
Signature: ____________________________________
Keith Rosenbloom
Page 3 of 4
<PAGE>
Name: Robert Priddy
RMC Capital
1640 Powers Ferry, Suite 125
Marietta, Georgia 30067
Designated Filer: ComVest Capital Partners LLC
Issuer & Ticker Symbol: U.S. Wireless Data, Inc. (NASDAQOTC: USWDA)
Date of Event Requiring: March 16, 2000
Signature: _____________________________________
Robert Priddy
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