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United States
Securities And Exchange Commission
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 1 )
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Versatility, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
925311 10 2
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(CUSIP Number)
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CUSIP NO. 925311 10 2 13G PAGE 2 OF 4 PAGES
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(1) NAMES OF REPORTING PERSON:
S.S. or I.R.S. IDENTIFICATION NO.:
Noro-Moseley Partners III, L.P. 58-2127221
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
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(8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
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(12) TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Schedule 13G
Item 1(a)
Name of Issuer: Versatility, Inc.
Item 1(b)
Address of Issuer's Principal Executive Offices:
11781 Lee Jackson Memorial Highway
Suite 600
Fairfax, Virginia 22033
Item 2(a)
Name of Person Filing: Noro-Moseley Partners III, L.P.
Item 2(b)
Address of Principal Business Office or, if none, Residence:
9 North Parkway Square, 4200 Northside Parkway, N.W.
Atlanta, Georgia 30327
Item 2(c)
Citizenship: Georgia
Item 2(d)
Title of Class of Securities: Common Stock
Item 2(e)
CUSIP Number: 925311 10 2
Item 3
This statement is not being filed pursuant to Rules 13d-1(b), or 13d-2(b).
Item 4
Ownership:
(a) Amount Beneficially Owned: 0
(b) Percent of Class 0
(c) Number of shares as to which such person has
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
376,468
(iv) Shared power to dispose or to direct the disposition of: 0
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Item 5
Ownership of Five Percent or Less of a Class: The reporting person has ceased
to be the beneficial owner of more than 5% of the class of securities.
Item 6
Ownership of More than Five Percent on Behalf of Another Person: N/A
Item 7
Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company: N/A.
Item 8
Identification and Classification of Members of the Group: N/A
Item 9
Notice of Dissolution of Group: N/A
Item 10
Certification: N/A
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.
12-15-98
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Date
NORO-MOSELEY PARTNERS III, L.P.
By: Moseley & Company III, L.L.C.
General Partner
/s/ Charles D. Moseley, Jr.
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Charles D. Moseley, Jr.
Member
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