UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)*
Innopet Brands Corp.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45765C 10 3
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(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed.
|X| Rule13d-1(b)
| | Rule13d-1(c)
|_| Rule13d-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).
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CUSIP NO. 45765C 10 3 13G/A Page 2 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Joseph Stevens & Company, Inc. (successor to Joseph Stevens &
Company, L.P.)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF 450,000 shares of Common Stock. See Item 4.
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
N/A
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH 450,000 shares of Common Stock. See Item 4.
REPORTING
PERSON WITH 8 SHARED DISPOSITIVE POWER
N/A
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,000 shares of Common Stock. See Item 4
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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
7.8% of shares of Common Stock. See Item 4.
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12 TYPE OF REPORTING PERSON*
BD
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<PAGE>
CUSIP NO. 45765C 10 3 13G/A Page 3 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Joseph Sorbara
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 450,800 shares of Common Stock. See Item 4.
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
N/A
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH 450,800 shares of Common Stock. See Item 4.
REPORTING
PERSON WITH 8 SHARED DISPOSITIVE POWER
N/A
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,800 shares of Common Stock. See Item 4
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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
7.8% of shares of Common Stock. See Item 4.
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12 TYPE OF REPORTING PERSON*
IN
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<PAGE>
CUSIP NO. 45765C 10 3 13G/A Page 4 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Steven Markowitz
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 450,800 shares of Common Stock. See Item 4.
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
N/A
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH 450,800 shares of Common Stock. See Item 4.
REPORTING
PERSON WITH 8 SHARED DISPOSITIVE POWER
N/A
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,800 shares of Common Stock. See Item 4
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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
7.8% of shares of Common Stock. See Item 4.
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12 TYPE OF REPORTING PERSON*
IN
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<PAGE>
CUSIP NO. 45765C 10 3 13G/A Page 5 of 11 Pages
ITEM 1(A). NAME OF ISSUER:
Innopet Brands Corp.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1 East Broward Boulevard
Suite 1100
Fort Lauderdale, FL 33301
ITEM 2(A). NAME OF PERSONS FILING:
Joseph Stevens and Company, Inc. (successor to Joseph Stevens &
Company, L.P.), Mr. Joseph Sorbara and Mr. Steven Markowitz
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The principal business address for each of
Joseph Stevens & Company, Inc. and Messrs. Sorbara and Markowitz
is:
c/o Joseph Stevens & Company, Inc.
33 Maiden Lane
New York, New York 10038
ITEM 2(C). CITIZENSHIP:
Joseph Stevens & Company, Inc. is incorporated in the state of
New York. Mr. Sorbara and Mr. Markowitz are United States
citizens
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value per share (the "Common Stock").
ITEM 2(E). CUSIP NUMBER:
45765C 10 3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
(a) |X| Broker or Dealer registered under Section 15 of the
Exchange Act.
(b) |_| Bank as defined in section 3(a)(6) of the Exchange Act.
(c) |_| Insurance Company as defined in section 3(a)(19) of the
Exchange Act.
(d) |_| Investment Company registered under section 8 of the
Investment Company Act.
(e) |_| An investment advisor in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
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CUSIP NO. 45765C 10 3 13G/A Page 6 of 11 Pages
(g) |_| A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
As of December 31, 1999, Joseph Stevens & Company, Inc. owned
warrants ("JSC Warrants") to purchase 225,000 units, each unit
consisting of one share of Common Stock and one redeemable common
stock purchase warrant ("Redeemable Warrants"). Each Redeemable
Warrant entitled the holder to purchase an additional share of
Common Stock. The JSC Warrants were exercisable commencing on
December 5, 1997. Therefore, as of December 31, 1999, Joseph
Stevens & Company, Inc. beneficially owned 450,000 shares of Common
Stock within the meaning of Rule 13d-3 of the Act.
As of December 31, 1999, Mr. Joseph Sorbara owned 400 shares of
Common Stock and 400 Redeemable Warrants. Additionally, Mr. Sorbara
was a controlling shareholder, director and officer of Joseph
Stevens & Company, Inc. as of December 31, 1999. Based upon the
foregoing, as of December 31, 1999, Mr. Sorbara beneficially owned
450,800 shares of Common Stock within the meaning of Rule 13d-3 of
the Act.
As of December 31, 1999, Mr. Steven Markowitz owned 400 shares of
Common Stock and 400 Redeemable Warrants. Additionally, Mr.
Markowitz was a controlling shareholder, director and officer of
Joseph Stevens & Company, Inc. as of December 31, 1999. Based upon
the foregoing, as of December 31, 1999, Mr.Markowitz beneficially
owned 450,800 shares of Common Stock within the meaning of Rule 13d-3
of the Act.
(b) Percent of Class:
As of December 31, 1999, Joseph Stevens & Company, Inc., was the
beneficial owner of an aggregate of 450,000 shares of Common Stock,
which constituted approximately 7.8% of the shares of Common Stock
outstanding (based upon 5,795,225 shares of Common Stock outstanding
as reported in the Issuer's Form 10-QSB for the quarterly period
ended March 31, 1998).
As of December 31, 1999, Mr. Joseph Sorbara was the beneficial owner
of an aggregate of 450,800 shares of Common Stock, which constituted
approximately 7.8% of the shares of Common Stock outstanding (based
upon 5,795,225 shares of Common Stock outstanding as reported in the
Issuer's Form 10-QSB for the quarterly period ended March 31, 1998).
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CUSIP NO. 45765C 10 3 13G/A Page 7 of 11 Pages
As of December 31, 1999, Mr. Steven Markowitz was the beneficial
owner of an aggregate of 450,800 shares of Common Stock, which
constituted approximately 7.8% of the shares of Common Stock
outstanding (based upon 5,795,225 shares of Common Stock outstanding
as reported in the Issuer's Form 10-QSB for the quarterly period
ended March 31, 1998).
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
As of December 31, 1999, Joseph Stevens & Company, Inc. had sole
power to vote or direct the vote of 450,000 shares of Common
Stock. See Item 4(a) above. As of December 31, 1999, Joseph
Sorbara had sole power to vote or direct the vote of 450,800
shares of Common Stock. See Item 4(a) above. As of December
31, 1999, Steven Markowitz had sole power to vote or direct the
vote of 450,800 shares of Common Stock. See Item 4(a) above.
(ii) Shared power to vote or direct the vote:
Not applicable.
(iii)Sole power to dispose or to direct the disposition of:
As of December 31, 1999, Joseph Stevens & Company, Inc. had
sole power to dispose or to direct the disposition of 450,000
shares of Common Stock. See Item 4(a) above. As of December
31, 1999, Joseph Sorbara had sole power to dispose or to direct
the disposition of 450,800 shares of Common Stock. See Item 4
(a) above. As of December 31, 1999, Steven Markowitz had sole
power to dispose or to direct the disposition of 450,800 shares
of Common Stock. See Item 4(a) above.
(iv) Shared power to dispose or to direct the disposition of:
Not applicable.
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.
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CUSIP NO. 45765C 10 3 13G/A Page 8 of 11 Pages
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any
transaction having that purpose or effect.
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CUSIP NO. 45765C 10 3 13G/A Page 9 of 11 Pages
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.
February 11, 2000
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(Date)
JOSEPH STEVENS & COMPANY, INC.
/s/ Joseph Sorbara
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Joseph Sorbara
Chief Executive Officer
February 11, 2000
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(Date)
/s/ Joseph Sorbara
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(Signature)
Joseph Sorbara
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(Name)
February 11, 2000
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(Date)
/s/ Steven Markowitz
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(Signature)
Steven Markowitz
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(Name)
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CUSIP NO. 45765C 10 3 13G/A Page 10 of 11 Pages
EXHIBIT INDEX
EXHIBIT NO. TITLE: SEQUENTIALLY NUMBERED PAGE
ON WHICH EXHIBIT BEGINS
1. Joint Filing Agreement pursuant 11
to Rule 13d-1(f)(1) under the
Securities Exchange Act of 1934,
as amended, among Joseph Stevens
& Company, Inc., Mr. Joseph
Sorbara and Mr. Steven Markowitz
<PAGE>
CUSIP NO. 45765C 10 3 13G/A Page 11 of 11 Pages
EXHIBIT 1
Joint Filing Agreement pursuant to Rule 13d-1(f)(1) under the
Securities Exchange Act of 1934, as amended.
Each of the undersigned hereby agrees to be included in the
filing of the Schedule 13G dated February 11, 2000 with
respect to the issued and outstanding Common Stock of
Innopet Brands Corp. beneficially owned by each of the
undersigned, respectively.
Dated: February 11, 2000
Joseph Stevens & Company, Inc.
/s/ Joseph Sorbara
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Joseph Sorbara
Chief Executive Officer
/s/ Joseph Sorbara
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Joseph Sorbara
/s/ Steven Markowitz
---------------------------
Steven Markowitz
