UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
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, 2121 W. Oakland Park Blvd. Ft. Lauderdale, FL 33311,
(954)735-2300
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
May 27, 1998
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(Date of Event which Requires the 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 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 cove 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>
SCHEDULE 13D
CUSIP No. 015868 10 2 Page 2 of 4 Pages
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Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
Jason Sherman
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Check the Appropriate Box if a Member of a Group* (a) [ ]
2 (b) [ ]
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3 SEC Use Only
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Source of Funds*
4 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 Sole Voting Power
Shares 7: 150,000 shares
Beneficially
Owned By Shared Voting Power
Each 8:
Reporting
Person Sole Dispositive Power
With 9: 150,000 shares
Shared Dispositive Power
10:
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Aggregate Amount Beneficially Owned By Each Reporting Person
11
150,000 shares
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
[ ]
12
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Percent of Class Represented by Amount in Row (11)
13
1.19%
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Type of Reporting Person*
14 IN
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<PAGE>
page 3 of 4 pages
Item 1. Security and Issuer
Common Stock of Algorhythm Technologies Corporation, 5310 NW 33rd
Avenue, Suite 212 Ft. Lauderdale, FL 33309
Item 2. Identity and Background
a. Jason Sherman.
b. 558402 Arbor Club Way, Boca Raton, FL 33433.
c. Vice President, Treasurer of Issuer, 2121 W. Oakland Park Blvd.,
Ft. Lauderdale, FL 33311.
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 Transaction
The shares were given for investment
a. Additional securities 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 Issuer
a. 150,000 shares - 1.19%
b. Mr. Sherman has sole voting and sole dispositive power of 150,000
shares.
c. On MaY 27, 1998 Mr. Sherman made a gift of 969,889 shares to David
Bawarsky.
d. not applicable
e. May 27, 1998
<PAGE>
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
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.
Dated: June 9, 1998
s/Jason Sherman
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JASON SHERMAN
