PC SERVICE SOURCE INC
SC 13G/A, 1998-11-03
COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE
Previous: COMCAST UK CABLE PARTNERS LTD, SC 13G/A, 1998-11-03
Next: USA GROUP SECONDARY MARKET SERVICES INC, 8-K, 1998-11-03



<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   ----------

                                  SCHEDULE 13G
                                 (RULE 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
             TO RULES 13D-1(b) AND (c) AND AMENDMENTS THERETO FILED
                              PURSUANT TO 13d-2(b)

                               (Amendment No. 3)(1)

                             PC SERVICE SOURCE, INC.
                                (Name of Issuer)


                          COMMON STOCK, PAR VALUE $0.01
                         (Title of Class of Securities)

                                   693258-10-5
                                 (CUSIP Number)

                                   ----------

                               SEPTEMBER 30, 1998
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

         [ ]      Rule 13d-1(b)
         [X]      Rule 13d-1(c)
         [ ]      Rule 13d-1(d)

- -----------------

     (1) 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 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>   2

CUSIP NO. 693258-10-5                   13G                    Page 2 of 7 Pages
<TABLE>
<S>     <C>              <C>                                            <C>
- --------------------------------------------------------------------------------
1)       NAME OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Eureka Venture Partners I, Ltd.
         75-2783636
- --------------------------------------------------------------------------------
2)       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP               (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3)       SEC USE ONLY

- --------------------------------------------------------------------------------
4)       CITIZENSHIP OR PLACE OF ORGANIZATION

         Texas
- --------------------------------------------------------------------------------
 NUMBER OF SHARES     5) SOLE VOTING POWER - 0
  BENEFICIALLY        ----------------------------------------------------------
     OWNED            6) SHARED VOTING POWER - 1,331,300 (See Item 4 below)
      BY              ----------------------------------------------------------
     EACH             7) SOLE DISPOSITIVE POWER - 0
  REPORTING           ----------------------------------------------------------
  PERSON WITH:        8) SHARED DISPOSITIVE POWER - 1,331,300 (See Item 4 below)
- --------------------------------------------------------------------------------
9)       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,331,300 shares of the Issuer's $.01 par value common stock (the
         "Shares"). The reporting person has granted options to acquire 79,284
         of the Shares to other parties pursuant to the terms of certain
         options.
- --------------------------------------------------------------------------------
10)      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
         [ ]
- --------------------------------------------------------------------------------
11)      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         23.1% (calculated by dividing (i) the 1,331,300 shares beneficially
         owned by the reporting person by (ii) the 5,760,320 shares outstanding
         as of September 30, 1998.
- --------------------------------------------------------------------------------
12)      TYPE OF REPORTING PERSON - PN

- --------------------------------------------------------------------------------
</TABLE>


<PAGE>   3

CUSIP NO. 693258-10-5                   13G                    Page 3 of 7 Pages
<TABLE>
<S>     <C>              <C>                                            <C>
- --------------------------------------------------------------------------------
1)       NAME OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Eureka Venture Management, Inc.
         75-2783476
- --------------------------------------------------------------------------------
2)       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP               (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3)       SEC USE ONLY

- --------------------------------------------------------------------------------
4)       CITIZENSHIP OR PLACE OF ORGANIZATION

         Texas
- --------------------------------------------------------------------------------
 NUMBER OF SHARES     5) SOLE VOTING POWER - 0
  BENEFICIALLY        ----------------------------------------------------------
     OWNED            6) SHARED VOTING POWER - 1,331,300 (See Item 4 below)
      BY              ----------------------------------------------------------
     EACH             7) SOLE DISPOSITIVE POWER - 0
  REPORTING           ----------------------------------------------------------
  PERSON WITH:        8) SHARED DISPOSITIVE POWER - 1,331,300 (See Item 4 below)
- --------------------------------------------------------------------------------
9)       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,331,300 shares of the Issuer's $.01 par value common stock (the
         "Shares"). The reporting person has granted options to acquire 79,284
         of the Shares to other parties pursuant to the terms of certain
         options.
- --------------------------------------------------------------------------------
10)      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
         [ ]
- --------------------------------------------------------------------------------
11)      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         23.1% (calculated by dividing (i) the 1,331,300 shares beneficially
         owned by the reporting person by (ii) the 5,760,320 shares outstanding
         as of September 30, 1998.
- --------------------------------------------------------------------------------
12)      TYPE OF REPORTING PERSON - CO

- --------------------------------------------------------------------------------
</TABLE>


<PAGE>   4

CUSIP NO. 693258-10-5                   13G                    Page 4 of 7 Pages
<TABLE>
<S>     <C>              <C>                                            <C>
- --------------------------------------------------------------------------------
1)       NAME OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Avery More
- --------------------------------------------------------------------------------
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 of America
- --------------------------------------------------------------------------------
 NUMBER OF SHARES     5) SOLE VOTING POWER - 0
  BENEFICIALLY        ----------------------------------------------------------
     OWNED            6) SHARED VOTING POWER - 1,331,300 (See Item 4 below)
      BY              ----------------------------------------------------------
     EACH             7) SOLE DISPOSITIVE POWER - 0
  REPORTING           ----------------------------------------------------------
  PERSON WITH:        8) SHARED DISPOSITIVE POWER - 1,331,300 (See Item 4 below)
- --------------------------------------------------------------------------------
9)       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,331,300 shares of the Issuer's $.01 par value common stock (the
         "Shares"). The reporting person has granted options to acquire 79,284
         of the Shares to other parties pursuant to the terms of certain
         options.
- --------------------------------------------------------------------------------
10)      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
         [ ]
- --------------------------------------------------------------------------------
11)      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         23.1% (calculated by dividing (i) the 1,331,300 shares beneficially
         owned by the reporting person by (ii) the 5,760,320 shares outstanding
         as of September 30, 1998.
- --------------------------------------------------------------------------------
12)      TYPE OF REPORTING PERSON - IN

- --------------------------------------------------------------------------------
</TABLE>

<PAGE>   5

CUSIP NO. 693258-10-5                   13G                    Page 5 of 7 Pages


                       SECURITIES AND EXCHANGE COMMISSION
                                  SCHEDULE 13G

Item 1(a).        Name of Issuer:

                  PC Service Source, Inc.

Item 1(b).        Address of Issuer's Principal Executive Offices:

                  2350 Valley View Lane
                  Dallas, TX 75243

Item 2(a).        Name of Person Filing:

                  (i)      Eureka Venture Partners I, Ltd.
                  (ii)     Eureka Venture Management, Inc.
                  (iii)    Avery More

Item 2(b).        Address of Principal Business Office or, if none, Residence:

                  (i)-(iii)      2350 Valley View Lane
                                 Dallas, TX  75234

Item 2(c).        Citizenship:

                  (i) and (ii)   Texas
                  (iii)          United States of America

Item 2(d).        Title of Class of Securities:

                  Common Stock, $0.01 par value

Item 2(e).        CUSIP Number.

                  693258-10-5

Item 3. If this Statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
        check whether the person filing is a:

                  Not Applicable

Item 4.  Ownership.

                  (a) Item 9 from each of page 2, 3 and 4 of this Schedule is 
                      incorporated by reference.


<PAGE>   6

CUSIP NO. 693258-10-5                   13G                    Page 6 of 7 Pages


              (a) Item 11 from each of page 2, 3 and 4 of this
                  Schedule is incorporated by reference. 

              (c) Items 5-8 from each of page 2, 3 and 4 of this Schedule are 
                  incorporated by reference.

     All 1,331,300 shares (the "Shares") were acquired by Eureka Venture
Partners I, Ltd. ("Partners I") in connection with the reorganization of Rosetta
Stone Corporation ("Rosetta Stone"). Mr. Avery More has retained the same
ownership interest in Partners I and Eureka Venture Management, Inc., the sole
general partner of Partners I, as he held in Rosetta Stone. Accordingly, the
Amendment is being filed merely to show that the Shares are now held by a
limited partnership controlled by Mr. More.

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

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 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.


<PAGE>   7

CUSIP NO. 693258-10-5                   13G                    Page 7 of 7 Pages

                                   SIGNATURES

     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.

                                          EUREKA VENTURE PARTNERS I, LTD.
                                          By: Eureka Venture Management, Inc.,
                                                 General Partner


Dated:   November 3, 1998                 By: /s/ AVERY MORE
                                              ---------------------------------
                                                Avery More, President


                                          EUREKA VENTURE MANAGEMENT, INC.


Dated: November 3, 1998                   By: /s/ AVERY MORE
                                              ---------------------------------
                                                Avery More, President


Dated: November 3, 1998                       /s/ AVERY MORE
                                              ---------------------------------
                                                 Avery More



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission