SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.__1_________)*
Laminating Technologies, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
513525105
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[XX] 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 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 5 pages
<PAGE>
CUSIP No. 513525105 13G Page 2 of 5 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. Morton Davis
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 319,465
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 319,465
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
319,465
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No.513525105 13G Page 3 of 5 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D.H. Blair Capital Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 214,745
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
214,745
- ----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
214,745
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO.
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 4 of 5 Pages
Item 1. (a) Name of Issuer:
Laminating Technologies, Inc.
(b) Address of Issuer's Principal Executive Offices:
7730 Roswell Road
Atlanta, GA 30350-4862
Item 2. (a) Name of Person Filing:
J. Morton Davis and D.H. Blair Capital Corp. ("Blair
Capital") (1). The filing parties previously filed their
agreement to file this statement on behalf of them.
(b) Address of Principal Business Office:
Mr. Davis' and Blair Capital's business address
address is 44 Wall Street, New York, New York 10005.
(c) Citizenship:
Mr. Davis is a United States citizen. Blair Capital
is incorporated in the State of Delaware.
(d) Title of Class of Securities:
Common Stock, $.01 par value ("shares")
(e) CUSIP Number:
513525105
Item 3. Not applicable.
Item 4. Ownership.
(a) (b) As of December 31, 1998 Mr. Davis beneficially owns 319,465 shares
or 9.7% of the Issuer's shares as follows: (i) 52,360 shares underlying a Unit
Purchase Option ("UPO") to purchase 13,090 Units (2) consisting of 13,090 shares
and 39,270 shares underlying 13,090 Class A Warrants and 26,180 Class B
Warrants, owned by Mr. Davis, (ii) 52,360 shares underlying a UPO to purchase
13,090 Units (2) owned by D.H. Blair Investment Banking Corp. and (iii) 214,745
shares owned by D.H. Blair Capital Corp.
As of December 31, 1998, Blair Capital is the beneficial
owner of 214,745 shares or 6.7% of the Issuer's shares issued
and outstanding as indicated in (iii) above.
(c) Mr. Davis has sole power to vote or to direct the vote,
to dispose or to direct the disposition of those shares owned by
Blair Capital and Blair Investment.
____________________________________________________________________________
(1) J. Morton Davis is the sole shareholder and Chairman of the Board of Blair
Capital and D.H. Blair Investment Banking Corp, ("Blair Investment"), a
Broker Dealer.
(2) Each Unit consists of one share, one Class A Warrant and one Class B
Warrant. Each Class A Warrant entitles the holder to purchase one share of
stock and one Class B Warrant at an exercise price of $6.50, exercisable
prior to October 9, 2001. Each Class B Warrant entitles the holder to purchase
one share at $8.75, exercisable prior to October 9, 2001.
<PAGE>
Page 5 of 5 Pages
Item 10. Certification.
By signing below we certify that, to the best of our 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 or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief,
we certify that the information set forth in this statement is true,
complete and correct.
Date: February 10, 1999
By: /s/ J. Morton Davis
-------------------------------
J. Morton Davis
Date: February 10, 1999
D.H. Blair Capital Corp.
By: /s/ David Nachamie
-------------------------------
David Nachamie
Treasurer
