UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.__1__ )*
Algorhythm Technologies Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
015868 10 2
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(CUSIP Number)
Jason Sherman, 4330 NW 207th Drive, Miami, FL 33055 (305)625-2332
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 18, 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 [_].
Check the following box if a fee is being paid with the statement [ ]. (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.)
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP No. 015868 10 2 Page 2 of 4 Pages
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<S> <C>
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1 | NAME OF REPORTING PERSON
| S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
| Jason Sherman
|
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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*
|
| N/A
|
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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
|
| US
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Number of | 7 SOLE VOTING POWER 1,119,889 Shares
Shares |
Beneficially |------------------------------------------------------------------------------
Owned by | 8 SHARED VOTING POWER
Each |
Reporting |------------------------------------------------------------------------------
Person | 9 SOLE DISPOSITIVE POWER 1,119,889 Shares
With |
| |------------------------------------------------------------------------------
| 10 SHARED DISPOSITIVE POWER
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11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| 1,119,889 Shares
|
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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)
|
| 11.66%
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14 | TYPE OF REPORTING PERSON*
|
| IN
|
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
<PAGE>
CUSIP No. 015868 10 2 Page 3 of 4 Pages
ITEM 1. SECURITY AND ISSUER
Common stock, Algorhythm Technologies Corporation, (formerly known as
DigiMedia USA, Inc. and thereafter Nitros Franchise Corporation) 4330 NW
207th Drive, Miami, FL 33035.
ITEM 2. IDENTITY AND BACKGROUND
a. Jason Sherman
b. 558402 Arbor Club Way, Boca Raton, FL 33433
c. Vice President of Issuer, 4330 NW 207th Drive, Miami, FL 33055
d. no
e. no
f. U.S.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
There was no consideration. Mr. Sherman gifted the securities set forth in
item 5c to Mr. Bawarsky.
ITEM 4. PURPOSE OF THE TRANSACTION
The shares were given for investment.
a. Additional shares may be purchased for investment.
b. no
c. no
d. no
e. no
f. no
g. no
h. no
i. no
j. no
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
a. 1,119,889 shares, 11.66%.
b. Mr. Sherman has sole voting and dispositive power of 1,119,889
shares.
c. On July 18, 1997 Mr. Sherman made a gift of 1,000,000 shares to
David Bawarsky.
d. not applicable
e. not applicable
<PAGE>
CUSIP No. 015868 10 2 Page 4 of 4 Pages
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
none
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
none
SIGNATURE
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After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: August 1, 1997
By: /s/ Jason Sherman
-----------------------------------
Name: Jason Sherman
Its: Vice President
