Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
MULTI-TECH INTERNATIONAL, CORP.
(Name of Issuer)
Common Stock, Par Value $0.001
(Title of Class of Securities)
62544P 10 7
(CUSIP Number)
Jeffrey Revell Reade
c/o Hyperion Holdings
64 Knightsbridge
London, England SW1X
011-44-207-887-6330
Copy to:
William S. Rosenstadt, Esq.
Rubin, Bailin, Ortoli LLP
405 Park Avenue
New York, New York 10022
(212) 888-6680
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
May 6, 2004
(Date of Event which Requires Filing of this Statement)
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purposed 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).
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1. Names of Reporting Persons. S.S or I.R.S. Identification Nos. of above
persons (entities only).
Jeffrey Revell Reade
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) N/A
(b) N/A
3. SEC Use Only
4. Source of Funds (See Instructions) - PF
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) - No
6. Citizenship or Place of Organization -
Citizenship - Australia
Residency - United Kingdom
Number of Shares Beneficially Owned by Each Reporting Person
7. Sole Voting Power - 60,000,000
8. Share Voting Power - None
9. Sole Dispositive Power - 60,000,000
10. Shared Dispositive Power - None
11. Aggregate Amount Beneficially Owned by Each Reporting Person - 60,000,000
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
13. Percent of Class Represented by Amount in Row (11) - 75%
14. Type of Reporting Person (See Instructions) - IN
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Item 1. Security and Issuer
This statement relates to shares of common stock, par value $0.001 per
share, of Multi-Tech International, Corp. (the "Issuer"). The principal
executive offices of the Issuer are located at 9974 Huntington Park Drive,
Strongsville, Ohio 44136-2516.
Item 2. Identity and Background
This statement is being filed by Jeffrey Revell Reade (the "Reporting
Person"), a citizen of the United Kingsom with an address of 64 Knightsbridge,
London, England SW1X.
The Reporting Person is a self employed financier and has not been, to the
best knowledge of the Reporting Person, (i) convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors); or (ii) a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to 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 violation
with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The shares were acquired as a result of stock purchase agreement between
the Reporting Person and the Issuer which was completed on May 6, 2004
("Purchase Transaction").
Item 4. Purpose of Transaction
The Reporting Person entered into the Purchase Transction with the intent
to transfer undetermined business assets at a later date into the Issuer. The
Reporting Person does not presently have any plan or proposal which would relate
to or would result in: a) an acquisition of additional or disposition of the
Issuer's securities, b) a sale or transfer of a material amount of the Issuer's
assets, or c) any action similar to any of those enumerated above. The Reporting
Person may seek to find a company which in his opinion is an appropriate merger
candidate for the Issuer and if so, may seek to change the present board of
directors, issue additional shares of the Issuer's securities and/or change the
Issuer's charter or bylaws.
Item 5. Interest in Securities of the Issuer
(a) and (b)As of May 12, 2004, the Reporting Person held the
sole power to vote and dispose of 60,000,000 shares of the Issuer's common
stock. The Reporting Person has the sole power to vote and dispose of the shares
of Common Stock identified in this Statement.
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(c) The only transaction involving the Reporting Person that
was effected during the past 60 days was the Purchase Transaction.
(d) No other person has the right to receive dividends from,
or the proceeds from the sale of, the shares of the Issuer Common Stock referred
to in this Item 5. To the best knowledge of the Reporting Person, no person, has
the right to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the Issuer Common Stock.
(e) Not applicable.
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
There are no contracts, arrangements or understandings with respect to the
securities of the Issuer.
Item 7. Material to Be Filed as Exhibits
The Stock Purchase Agreement, dated May 6, 2004, to which Issuer and the
Reporting Person are parties.
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.
/s/ Jeffrey Revell Reade
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DATED: May 13, 2004
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