SCHEDULE 13G
CUSIP No. 913100103 Page 1 of 10
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____ )
United TransNet, Inc.
---------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
913100103
---------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ X ]. (A fee
is not required only if the filing 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)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing in 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).
<PAGE>
SCHEDULE 13G
CUSIP No. 913100103 Page 2 of 10
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fleet Venture Resources, Inc.
TIN#: 05-0315508
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Rhode Island
5. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
None.
6. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER.
576,708
7. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER.
None.
8. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER.
576,708
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
576,708
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5%
12. TYPE OF REPORTING PERSON*
CO
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
CUSIP No. 913100103 Page 3 of 10
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fleet Venture Partners III
TIN#: 05-0458971
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
None.
6. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER.
247,161
7. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER.
None.
8. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER.
247,161
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
247,161
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
12. TYPE OF REPORTING PERSON*
PN
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
CUSIP No. 913100103 Page 4 of 10
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fleet Growth Resources, Inc.
TIN#: 05-0401134
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Rhode Island
5. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
None.
6. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER.
247,161
7. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER.
None.
8. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER.
247,161
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
247,161
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
12. TYPE OF REPORTING PERSON*
CO
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
CUSIP No. 913100103 Page 5 of 10
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fleet Private Equity Co., Inc.
TIN#: 05-0471718
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Rhode Island
5. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
None.
6. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER.
823,869
7. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER.
None.
8. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER.
823,869
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
823,869
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.3%
12. TYPE OF REPORTING PERSON*
CO
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
CUSIP No. 913100103 Page 6 of 10
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fleet Financial Group, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Rhode Island
5. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
None.
6. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER.
823,869
7. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER.
None.
8. NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER.
823,869
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
823,869
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.3%
12. TYPE OF REPORTING PERSON*
CO
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
CUSIP No. 913100103 Page 7 of 10
Item 1) Name of Issuer: United TransNet, Inc.
Item 1b) Address of Issuer's Principal Executive Offices:
1080 Holcomb Bridge Road, Building 200,
Suite 140
Roswell, GA 30076
Item 2a) Name of Person Filing: 1) Fleet Venture Resources, Inc.
2) Fleet Venture Partners III
3) Fleet Growth Resources, Inc.
4) Fleet Private Equity Co., Inc.
5) Fleet Financial Group, Inc.
Item 2b) Principal Business Offices: For all entities cited in item 2a)
except as noted:
111 Westminster Street
Providence, RI 02903
5) Fleet Financial Group, Inc.
50 Kennedy Plaza
Providence, RI 02903
Item 2c) Citizenship: as cited in Item 2a): 1) RI Corporation
2) DE Partnership
3) RI Corporation
4) RI Corporation
5) RI Corporation
Item 2d) Class of Securities: Common Stock
Item 2e) CUSIP Number: 913100103
Item 3) Not Applicable
<PAGE>
SCHEDULE 13G
CUSIP No. 913100103 Page 8 of 10
Item 4) Ownership
FLEET VENTURE RESOURCES, INC. owns of record 576,708 shares of Common
Stock.
FLEET VENTURE PARTNERS III owns of record 247,161 shares of Common Stock.
FLEET GROWTH RESOURCES, INC. is the Corporate General Partner of Fleet
Venture Partners III, as such may be deemed to possess indirect beneficial
ownership of the shares of Common Stock deemed beneficially held by Fleet
Venture Partners III.
FLEET PRIVATE EQUITY CO., INC. owns all of the outstanding Common Stock
of Fleet Venture Resources, Inc. and Fleet Growth Resources, Inc., and as such
may be deemed to possess indirect beneficial ownership of the shares of Common
Stock deemed beneficially held by Fleet Venture Resources, Inc. and Fleet Growth
Resources, Inc.
FLEET FINANCIAL GROUP, INC. owns all of the outstanding Common Stock
of Fleet Private Equity Co., Inc., which owns Fleet Venture Resources, Inc.
and Fleet Growth Resources, Inc. and by virtue of the relationships previously
described, may thus be deemed to possess indirect beneficial ownership of the
shares of Common Stock deemed beneficially held by Fleet Venture Resources,
Inc. and Fleet Growth Resources, Inc.
Item 5) Not Applicable
Item 6) Not Applicable
Item 7) Not Applicable
Item 8) See Exhibit A
Item 9) Not Applicable
Item 10) Not Applicable
<PAGE>
SCHEDULE 13G
CUSIP No. 913100103 Page 9 of 10
EXHIBIT A
Identification and Classification of Members of the Group:
Fleet Venture Resources, Inc. CO
Fleet Venture Partners III PN
Fleet Growth Resources, Inc. CO
Fleet Private Equity Co., Inc. CO
Fleet Financial Group, Inc. CO
<PAGE>
SCHEDULE 13G
CUSIP No. 913100103 Page 10 of 10
SIGNATURES
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.
February 14, 1996 FLEET VENTURE RESOURCES, INC.
/s/ Habib Y. Gorgi
-------------------------------
By Habib Y. Gorgi
Its President
