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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. ______)*
UStel, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
917325
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(CUSIP Number)
Yoel Iny, trustee, 625 N. Crescent Drive, Beverly Hills, CA 90210
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 30, 1996
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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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement /x/. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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).
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SCHEDULE 13D
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CUSIP NO. 917325 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Yoel Iny, as trustee for the TAD 1993 Family Trust
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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 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2 (e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
270,750
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 270,750
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
270,750
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.9%
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14 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
2 of 7
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ITEM 1. SECURITY AND ISSUER
This statement relates to the common stock (the "Common Stock") of UStel, Inc.
(the "Company"). The principal executive offices of the Company are located at
2775 South Rainbow Boulevard, Suite 102, Las Vegas, Nevada 98102.
ITEM 2. IDENTITY AND BACKGROUND
(a) The person filing this statement is Yoel Iny, as trustee for
the TAD 1993 Family Trust, a trust for the benefit of Ronnie Schwartz and his
children (the "Trust").
(b) The business address for the Trust and Mr. Iny is 9301
Wilshire Boulevard, Suite 308, Beverly Hills, California 90210.
(c) Not applicable to the Trust. Mr. Iny is employed in commercial
real estate construction by Great American Homes, Inc., 9301 Wilshire Boulevard,
Suite 308, Beverly Hills, California 90210.
(d)-(e) Not applicable to the Trust or Mr. Iny.
(f) Mr. Iny is a USA citizen, and the trust was established under
the laws of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On June 30, 1996, Mr. Iny replaced Noam Schwartz as trustee of the Trust and
thereby gained beneficial control of 207,750 shares of Common Stock owned by the
Trust. No consideration was given for the change in trustee.
ITEM 4. PURPOSE OF TRANSACTION
To change the trustee to Yoel Iny.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Trust, beneficially owns an aggregate 207,750 shares of
Common Stock which is equal to 16.9% of the outstanding shares of the Company.
Mr. Iny, individually, beneficially owns 29,000 shares of Common Stock which is
1.8% of the outstanding shares of the Company.
(b) Mr. Iny, as trustee of the Trust, has sole power to vote and
sole power to dispose or direct the disposition of 207,750 shares of Common
Stock. Mr. Iny, individually, has sole power to vote and sole power to dispose
or direct the disposition of 29,000 shares of Common Stock.
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(c)-(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
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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.
/s/ Yoel Iny
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Yoel Iny,
Trustee, TAD 1993 Family Trust