SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
JUNO ACQUISITIONS, INC.
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)
482033 17
(CUSIP Number)
Neoclis Nicolaou, The Cyprus Development Bank Limited,
PO Box 1415, Nicosia, Cyprus; Phone: 011-357-2-457575
(Name, Address, and Telephone Number of Person Authorized to Receive
Notices and Communications)
OCTOBER 10, 1997
(Date of Event which Requires Filings of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisitions 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 <square>.
Check the following box if a fee is being paid with the statement <square>.
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 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 ("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).
CUSIP No. 482033 17 Page 1 of 2 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Cyprus Development Bank Limited
I.R.S. ID No.: n/a
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a <square>
b <square>
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
The shares of Juno Acquisitions, Inc. ("Juno") were acquired as the
result of a share exchange between LK Global Information Systems BV, a
Netherlands corporation, and Juno. LK Global Information Systems BV then
distributed all of its Juno shares to its 352 shareholders, one of whom is The
Cyprus Development Bank Limited, a Cyprus corporation.
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) <square>
6. CITIZENSHIP OR PLACE OF ORGANIZATION
The Cyprus Development Bank Limited is a Cyprus corporation.
7. SOLE VOTING POWER
NUMBER OF 841,250
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON WITH
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
841,250
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
841,250 Series A Convertible Preferred Shares
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
<square>
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.7% of 14,881,690 shares of voting capital stock outstanding as of
October 10, 1997.
14. TYPE OF REPORTING PERSON*
BK
<PAGE>
JUNO ACQUISITIONS, INC.
SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER:
Juno Acquisitions, Inc.
Series A Convertible Preferred Stock, $0.001 par value
(each share of Series A Stock is convertible into one
share of Common Stock, $0.001 per value)
Dr. Lycourgos K. Kyprianou
Chief Executive Officer, Sole Director
Juno Acquisitions, Inc.
3323 Watt Avenue, Suite 150
Sacramento, California 95821
ITEM 2. IDENTITY AND BACKGROUND:
a. The Cyprus Development Bank Limited
b. PO Box 1415
Nicosia, Cyprus
Principal Business Address: 50, Arch Markarios III Ave,
Alpha House, Nicosia, Cyprus
c. Principal Business: Banking
d.e. The Cyprus Development Bank Limited has not been a party to any
criminal or civil proceedings during the last five years.
f. The Cyprus Development Bank Limited is a Cyprus corporation.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
The Cyprus Development Bank Limited acquired the shares of Juno
pursuant to a distribution made by LK Global Information Systems BV, a
Netherlands corporation. Pursuant to the terms of a "Plan And Agreement Of
Reorganization," LK Global Information Systems BV acquired 12,845,000
shares of Juno's voting common stock, par value $0.001 per share, and all
of Juno's preferred stock, par value $0.001 per share (1,925,000 shares),
in exchange for LK Global Information System's issued and outstanding
capital stock, which included 12,845,000 ordinary shares, par value $0.65
per share, and 1,925,000 preference shares, par value $0.65 per share.
ITEM 4. PURPOSE OF TRANSACTION:
The acquisition of the shares of LK Global Information Systems BV was
made for investment purposes. The Cyprus Development Bank Limited then
acquired the shares of Juno pursuant to a distribution made by LK Global
Information Systems BV, a Netherlands corporation, in connection with the
Reorganization cited above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER:
The Cyprus Development Bank Limited holds 841,250 shares of Series A
Convertible Preferred Stock of Juno, representing 5.7% of the 14,881,690
shares of common stock outstanding as of October 10, 1997. The Cyprus
Development Bank Limited has sole power to vote such shares and sole power
to dispose or to direct the disposition of such shares. Apart from the
share exchange referenced herein, there have been no transactions in the
shares of Juno held by The Cyprus Development Bank Limited during the past
sixty days.
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.
Date: November 4, 1997 THE CYPRUS DEVELOPMENT BANK LIMITED
JOHN JOANNIDES
________________________________________
John Joannides, General Manager
