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"
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- Peter Lynch
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SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the
Securities Exchange Act of 1934
Telecomm
Sales Network, Inc.
(Name
of
Issuer)
Common
Stock, par value $0.0001
(Title
of
Class of Securities)
None
(CUSIP
Number)
Anthony
L. Summerlin
3103
Cabarrus Drive
Greensboro,
North Carolina 27407
(336)
294-3158
(Name,
Address and Telephone Number of
Person
Authorized to Receive Notices
and
Communications)
with
a
copy to:
James
F.
Verdonik, Esq.
Daniels
Daniels & Verdonik, P.A.
1822
NC
Highway 54 East, Suite 200
Durham,
North Carolina 27713
(919)
544-5444
June
21,
2005
(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 that 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: |_|
| Schedule 13D |
Page
2 of 5
|
|
1
|
NAMES
OF REPORTING PERSONS:
S.S.
OR I.R.S. IDENTIFICATION NOS. OF ABOVE
Anthony
L. Summerlin
|
||
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a)
o
(b)
o
|
||
|
3
|
SEC
USE ONLY
|
||
|
4
|
SOURCE
OF FUNDS:
PF
|
||
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e):
o
|
||
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION:
UNITED
STATES
|
||
|
NUMBER
OF SHARES
BENEFICIALLY OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER:
1,000,000
|
|
|
8
|
SHARED
VOTING POWER:
0
|
||
|
9
|
SOLE
DISPOSITIVE POWER:
1,000,000
|
||
|
10
|
SHARED
DISPOSITIVE POWER:
0
|
||
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,000,000
See Item 5(a)
|
||
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES:
o
See
Item 5(a)
|
||
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
24.27%
|
||
|
14
|
TYPE
OF REPORTING PERSON:
IN
|
||
-2-
Schedule
13D
Item
1.
Security and
Issuer.
This statement on Schedule 13D (this “Schedule
13D”)
relates to the Common Stock, par value $0.0001 per share (the “Common
Stock”),
of
Telecomm Sales Network, Inc., a Delaware corporation (the “Company”).
The
principal executive office of the Company is located at 8621 Gleneagles Drive,
Raleigh, North Carolina 27613.
Item
2.
Identity and Background.
(a) This
Schedule 13D is being filed on behalf of Anthony L. Summerlin (the “Reporting
Person”).
(b) The
business address of the Reporting Person is c/o Telecomm Sales Network, Inc.,
in
further c/o Skye Source, LLC, 8621 Gleneagles Drive, Raleigh, North Carolina
27613.
(c) The
Reporting Person is a director of the Company and its Vice President -
Operations.
(d) The
Reporting Person has not, during the five years prior to the date of this
Schedule 13D, been convicted in a criminal proceeding.
(e) The
Reporting Person has not, during the five years prior to the date of this
Schedule 13D, been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction, as a result of which the Reporting Person 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.
(f) The
Reporting Person is a citizen of the United States of America.
Item
3. Source and Amount
of
Funds or Other Consideration.
The
Reporting Person acquired the shares of Common Stock of the Company for an
aggregate purchase price of $100, paid from his personal funds.
Item
4. Purpose of
Transaction.
The Reporting Person acquired the shares of Common Stock of the Company for
investment purposes.
(a) Except
as
set forth below in this paragraph (a), the Reporting Person does not have any
plans or proposals that relate to, or would result in, the acquisition by any
person of additional securities of the Company or the
disposition of securities of the Company.
-3-
The
securities of the Company held by the Reporting Person constitute a significant
portion of the Reporting Person’s total personal net worth. One of the Reporting
Person’s investment goals is diversification, which would require some sales of
the securities of the Company by the Reporting Person. Accordingly, the
Reporting Person may, from time to time, make decisions to sell securities
of
the Company based upon then-prevailing market conditions.
(b) The
Reporting Person does not have any plans or proposals that relate to or would
result in an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries.
The Company will, however, be evaluating acquiring all or parts of other
companies as part of its business strategy and may from time to time do such
acquisitions.
(c) The
Reporting Person does not have any plans or proposals that relate to or would
result in a sale or transfer of a material amount of assets of the Company
or
any of its subsidiaries.
(d) The
Reporting Person does not have any specific plans to change the present Board
of
Directors or management of the Company. The Company, however, has a goal to
increase the number of independent directors and to add experienced management.
The Company will, therefore, be evaluating suitable candidates from time to
time.
(e) The
Reporting Person does not have any plans or proposals that relate to or would
result in any material change in the present capitalization or dividend policy
of the Company, except that the Company may from time to time sell additional
securities to raise capital.
(f)
The
Reporting Person does not have any plans or proposals that relate to or would
result in any other material change in the Company’s business or corporate
structure.
(g) The
Reporting Person does not have any plans or proposals that relate to or would
result in changes in the Company’s charter, bylaws or instruments corresponding
thereto or other actions that may impede the acquisition of control of the
Company by any person.
(h) <
/font> The
Reporting Person does not have any plans or proposals that relate to or would
result in causing a class of securities of the Company to be delisted from
a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association.
(i)
The
Reporting Person does not have any plans or proposals that relate to or would
result in a class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended.
-4-
(j)
The
Reporting Person does not have any plans or proposals that relate to or would
result in any action similar to any of those enumerated above.
Item
5. Interest in
Securities of the Issuer.
(a) The
Reporting Person beneficially owns 1,000,000 shares of Common Stock, which,
based on the Company’s most recent Form SB-2 registration statement, represents
approximately 24.27% of the issued and outstanding shares of Common Stock.
(b) The
Reporting Person has sole power to vote or to direct the vote and sole power
to
dispose or to direct the disposition of all the shares of Common Stock reported
in Item 5(a) of this Schedule 13D. No other person has the right to receive
or
the power to direct the receipt of dividends from, or the proceeds from the
sale
of, such shares of Common Stock.
(c)
The
Reporting Person acquired all the shares reported herein in a private purchase
on August 26, 2004 for $100, utilizing the Reporting Person’s own
funds.
(d) Not
applicable.
(e)
Not
applicable.
Item
6. Contracts,
Arrangements, Understandings or Relationships with Respect to the Securities
of
the Issuer.
Except as disclosed in this Schedule 13D, the Reporting Person does not have
any
other contracts, arrangements, understandings or other relationships with
respect to the securities of the Company.
Item
7. Material
to be Filed as Exhibits.
None.
SIGNATURE
After
reasonable inquiry and to the best knowledge and belief of the undersigned,
the
undersigned certifies that the information set forth in this Statement is true,
complete and correct.
Dated:
June 29, 2005
| /s/ Anthony L. Summerlin |
-5-