SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. )(1)
Applied Cellular Technology, Inc.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Classes of Securities)
037931102
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(CUSIP Number)
Vincent A. Lo Castro
109 Tanglewood Drive
McMurray, Pennsylvania 15317
(412) 941-4416
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(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 30, 1997
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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 [ ].
(Continued on following pages)
(Page 1 of 4 Pages)
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(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 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 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>
CUSIP NO. 037931102 SCHEDULE 13D Page 2 of 4 Pages
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1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Vincent A. Lo Castro
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
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3) SEC USE ONLY
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4) SOURCE OF FUNDS*
SC
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5) CHECK 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 100,000
NUMBER OF SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 550,000
OWNED BY EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER 100,000
PERSON WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 550,000
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11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
650,000
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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)
5.1%
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14) TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 037931102 SCHEDULE 13D Page 3 of 4 Pages
Item 1. Security and Issuer
Common Stock, par value $.001 per share
Applied Cellular Technology, Inc.
Highway 160 & CC, Suite 5
P.O. Box 2067
Nixa, Missouri 65714
(417) 725-9888
Item 2. Identity and Background
(a) Vincent A. Lo Castro
(b) 109 Tanglewood Drive
McMurray, Pennsylvania 15317
(c) Dealer-Principal, All-Star Cadillac
4500 Saw Mill Run Blvd.
Pittsburgh, PA 15236
(d) No
(e) No
(f) USA
Item 3. Source and Amount of Funds or Other Consideration
Consideration for the exchange of 48,000 shares of the Issuer's
preferred stock owned by Mr. Lo Castro and a warrant to purchase 480,000
shares of the Issuer's common stock, held by Mr. Lo Castro and his wife.
Item 4. Purpose of Transaction
(a) Mr. Lo Castro exchanged his shares of preferred stock and the
warrant for shares of the Issuer's common stock in order to make his
investment in the Issuer more liquid.
(b)-(j) None.
Item 5. Interest in Securities of the Issuer:
(a) 650,000 shares of common stock of the issuer representing 5.1% of
the Issuer's outstanding shares of common stock as of August 12,
1997.
(b) Sole power to vote - 100,000 shares.
Shared power to vote - 550,000 shares.
Sole power to dispose - 100,000 shares.
Shared power to dispose - 550,000 shares.
(c) None.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
<PAGE>
CUSIP NO. 037931102 SCHEDULE 13D Page 4 of 4 Pages
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, each of the undersigned certifies that the information
set forth on this statement is true, complete and correct.
September 4, 1997
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(Date)
/s/ Vincent A. Lo Castro
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(Signature)
Vincent A. Lo Castro
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(Name/Title)
