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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
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THERMO-MIZER ENVIRONMENTAL CORP.
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(Name of Issuer)
COMMON
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(Title of Class of Securities)
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
883578 102
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(CUSIP Number)
9-11-97
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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 / /.
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).
(Continued on following page(s))
Page 1 of 3 Pages
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CUSIP No. 883578 102 13D Page 2 of 3 Pages
ARCADIA MUTUAL FUND, INC.
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
N.A. Foreign Investors
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
Approximately 250 Fund Investors
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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
NASSAU, BAHAMAS
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Number of Shares (7) Sole Voting
Beneficially Owned Power 2,538,071
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power
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(9) Sole Dispositive
Power 2,538,071
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(10) Shared Dispositive
Power
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,538,071
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
43%
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(14) Type of Reporting Person*
5% holder
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 3 Pages
ITEM 1. SECURITY AND ISSUER
ThermoMizer Environmental Corp.
528 Oritan Avenue
Ridgefield, NJ 07657
Phone: (201) 941-5805 Fax: (201) 941-5821
2. Identity and Background
This statement is being filed on behalf of Arcadia Mutual Fund, Inc. (the
"Reporting Person"). The Reporting Person is a corporation organized in
Nassau, Bahamas for the pupose of investing in convertible securities. The
principal business address of the Reporting Person is 55 Frederick St. Box CB
13039, Nassau Bahamas. The reporting person consists of approximately 250
investors, none of which individually owns 5%. The Reporting Person has not,
during the last five years, been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors). The Reporting Person
has not, during the last five years, been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction which resulted in a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violations with respect to such laws.
3. Source and Amount of Funds or Other Consideration
As of the date hereof, the Reporting Person, the 250 investors of the fund
are deemed in aggregate to beneficially own 2,538,071 Shares. All of the
Shares were acquired or may be acquired through the conversion of convertible
debenture securities of the Issuer held by the Reporting Person. The
debentures were purchased for an aggregate purchase price of $500,000.00. No
funds were borrowed to purchase any of the Shares.
4. Purpose of Transactions
The Shares deemed to be beneficially owned by the Reporting Person were
acquired for, and are being held for, investment purposes. The Reporting
Person has no plan or proposal that relates to, or would result in, any of
the actions enumerated in Item 4 of the instructions to Schedule 13D.
5. Interest in Securities of Issuer
As of the date hereof, the Reporting Person is deemed to be the beneficial
owner of 2,538,071. Based on the Issuer's filing on Form 10-Q on
October 31, 1997, there were 3,396,000 Shares outstanding. Therefore, the
Reporting Person is deemed beneficially own 43% of the outstanding Shares.
The Reporting Person has the power to vote, direct the vote, dispose of or
direct the disposition of all the Shares that he is deemed to beneficially
own.
ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
The Reporting Person has no contract, arrangement, understanding or
relationship with any person with respect to the Shares.
