UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)*
DIVERSICON HOLDINGS CORP.
(Name of Issuer)
Common Stock, par value $.001 per share
(Title of Class of Securities)
255108 10 2
(CUSIP Number)
Mr. Daniel Catalfumo Eric W. Nodiff, Esq.
290 Wild Street 747 Third Avenue
Staten Island, NY 10314 (718) 477-2333 New York, NY 10017 (212) 759-3300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 2, 1999
(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(e), 13d-1(f) or 13d-1(g), check the following box
|_|.
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
\
(Continued on following pages)
- ----------
(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. 255108 10 2 13D Page 2 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS (ENTITIES ONLY)
Daniel Catalfumo
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
210,000
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,738,000
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
210,000
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
5,738,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,948,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
75.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 255108 10 2 13D Page 3 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS (ENTITIES ONLY)
Richard Rosso
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
210,000
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,738,000
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
210,000
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
5,738,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,948,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
75.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 255108 10 2 13D Page 4 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS (ENTITIES ONLY)
Lucien Vergier
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,700,000
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,700,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,700,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 255108 10 2 13D Page 5 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS (ENTITIES ONLY)
Etienne Vergier
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,700,000
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,700,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,700,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 255108 10 2 13D Page 6 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS (ENTITIES ONLY)
Drel Investments Limited
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Bahamas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,700,000
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,700,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,700,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Statement constitutes Amendment No. 1 to the Statement on Schedule 13D
filed with the Securities and Exchange Commission by Drel Investments Limited,
Daniel Catalfumo, Richard Rosso, Lucien Vergier and Etienne Vergier. The
Schedule 13D, as amended, is referred to herein as the "Schedule 13D." This
Statement is being filed to correct an error in the number of shares of
Diversicon Holdings Corp. (and percentage of beneficial ownership) held by the
reporting persons.
Item 5 is amended and supplemented as follows:
Item 5. Interest in Securities of the Issuer
(a) Items 7-11 and 13 of the cover pages of this Schedule 13D which relate to
beneficial ownership of the Company's securities by the Reporting Persons are
hereby incorporated by reference in response to this item. The percentages of
ownership referred to in this Schedule 13D are based upon 7,909,000 shares of
Common Stock of the Company outstanding on April 2, 1999.
As of April 2, 1999, Drel beneficially owned within the meaning of Rule
13d-3 under the Securities Exchange Act of 1934, and owns of record, 3,700,000
shares of Common Stock of the Company, constituting approximately 46.8% of the
Company's issued and outstanding Common Stock.
As of April 2, 1999, Mr. Catalfumo and Mr. Rosso may each be deemed to be
the beneficial owner of up to 5,948,000 shares of Common Stock of the Company,
constituting approximately 75.2% of the Company's issued and outstanding Common
Stock. Such shares include (i) the 3,700,000 shares owned of record by Drel
(included due to the relationship of said individuals to Drel described in Item
1 above, and the voting arrangement among the Reporting Individuals described in
Item 6 below), (ii) 2,038,000 shares owned of record by BBS Holdings, LLC
("BBS"), a Delaware limited liability company (included due to Mr. Catalfumo and
Mr. Rosso each being a Manager of BBS, each having an indirect 10% membership
interest in BBS, and each being a party (through affiliated entities) to an
Operating Agreement that provides that BBS will vote all of its stock of the
Company in favor of Mr. Catalfumo and Mr. Rosso as directors of the Company, and
(iii) 210,000 shares owned directly by each of Mr. Catalfumo. Mr. Catalfumo and
Mr. Rosso have both included all of such shares in Items 8, 10, and 11 of the
Cover Page. However, Mr. Catalfumo and Mr. Rosso both disclaim beneficial
ownership of (i) 2,775,000 (75%) of the shares owned by Drel and (ii) 1,834,200
(90%) of the shares owned by BBS, and this report shall not be deemed an
admission that either of said individuals is the beneficial owner of such shares
for purposes of Section 16 or for any other purpose.
As of April 2, 1999, Mr. L. Vergier and Mr. E. Vergier may each be deemed
to be the beneficial owner of up to 3,700,000 shares of Common Stock of the
Company, constituting approximately 46.8% of the Company's Common Stock. Such
shares are comprised of the 3,700,000 shares owned of record by Drel (included
due to the relationship of said individuals to Drel described in Item 1 of the
Schedule 13D, and the voting arrangement among the Reporting Individuals
described in Item 6 of the Schedule 13D). Mr. L. Vergier and Mr. E. Vergier have
both included all of such shares in Items 8, 10, and 11 of the Cover Page.
However, Mr. L. Vergier and Mr. E. Vergier both disclaim beneficial ownership of
2,775,000 (75%) of the shares owned by Drel, and this report shall not be deemed
an admission that either or said individuals is the beneficial owner of such
shares for purposes of Section 16 or for any other purpose.
<PAGE>
(b) Mr. Catalfumo and Mr. Rosso each have sole voting power and sole disposition
power of 210,000 shares. Mr. L. Vergier and Mr. E. Vergier to not have sole
voting power or sole disposition power with respect to any shares.
Mr. Catalfumo and Mr. Rosso both have shared power to vote or to direct the
vote and shared power to dispose or to direct the disposition of 5,738,000
shares, comprised of the shares of Common Stock of the Company owned by Drel
(3,700,000 shares) and owned by BBS (2,038,000 shares).
Mr. L. Vergier and Mr. E. Vergier both have shared power to vote or to
direct the vote and shared power to dispose or to direct the disposition of
3,700,000 shares, comprised of the shares of Common Stock of the Company owned
by Drel.
(c) On April 2, 1999, the Company entered into a Common Stock Subscription
Agreement with Drel pursuant to which Drel acquired 3,700,000 shares of the
Company's Common Stock, par value $.001 (the "Shares") for a purchase price of
$1,850,000 ($.50 per share). See Item 3 of the Schedule 13D.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Date: April 16, 1999
Drel Investments Limited
By: /s/ Daniel Catalfumo
---------------------------
Daniel Catalfumo
/s/ Daniel Catalfumo
---------------------------
Daniel Catalfumo
/s/ Richard Rosso
---------------------------
Richard Rosso
/s/ Lucien L. Vergier
---------------------------
Lucien L. Vergier
/s/ Etienne Vergier
---------------------------
Etienne Vergier
