-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J3tUdpPDnN4+XtVaHCYSMO77uFLpeHT/AyYwVuwEYvNuiSkWYVgieN4Y+jqNFJui FrLmLDFUvhmhk1IRGuBSiA== 0000893838-99-000014.txt : 19990209 0000893838-99-000014.hdr.sgml : 19990209 ACCESSION NUMBER: 0000893838-99-000014 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VISUAL EDGE SYSTEMS INC CENTRAL INDEX KEY: 0001015172 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEMBERSHIP SPORTS & RECREATION CLUBS [7997] IRS NUMBER: 133778895 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-49607 FILM NUMBER: 99523991 BUSINESS ADDRESS: STREET 1: 2424 NORTH FEDERAL HIGHWAY STREET 2: SUITE 100 CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 5617507559 MAIL ADDRESS: STREET 1: 2424 NORTH FEDERAL HIGHWAY STREET 2: SUITE 100 CITY: BOCA RATON STATE: FL ZIP: 33431 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BESSEMER GROUP INC CENTRAL INDEX KEY: 0001054074 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 100 WOODBRIDGE CENTER CITY: WOODBRIDGE STATE: NJ ZIP: 07095-1191 BUSINESS PHONE: 9088550800 MAIL ADDRESS: STREET 1: 100 WOODBRIDGE CENTER CITY: WOODBRIDGE STATE: NJ ZIP: 07095-1191 SC 13G/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) VISUAL EDGE SYSTEMS INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 928430107 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 1998 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *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 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 1 of 6 pages CUSIP No. 928430107 13G Page 2 of 7 Pages --------- --- --- - --------------------------------------------- ------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON THE BESSEMER GROUP, INCORPORATED* 13-3093730 - ------------ ------------------------------------------------------------------- 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 SOLE VOTING POWER -0- NUMBER OF ---------- ----------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY -300,000 shs. EACH ---------- ----------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH -0- ---------- ----------------------------------- 8 SHARED DISPOSITIVE POWER 300,000 shs. - ------------ ------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 300,000 shs. - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.1% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC - ------------ ------------------------------------------------------------------- *The shares reported on this page include the shares reported on page 3, as The Bessemer Group, Incorporated is the parent of the other reporting person. *SEE INSTRUCTION BEFORE FILLING OUT! Page 2 of 6 Pages CUSIP No. 928430107 13G Page 3 of 6 Pages --------- --- --- - ------------ ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BESSEMER TRUST COMPANY 22-0770670 - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) X - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - --------------------------------- ---------- ----------------------------------- 5 SOLE VOTING POWER 300,000 shs. NUMBER OF ---------- ----------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- EACH ---------- ----------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 300,000 shs. ---------- ----------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ------------ ------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.1% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* BK - ------------ ------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 3 of 6 Pages CUSIP No. 928430107 13G Page 4 of 6 Pages --------- --- --- Item 1. (a) Name of Issuer: Visual Edge Systems Inc. (b) Address of Issuer's Principal Executive Offices: 2424 North Federal Highway Suite 100 Boca Raton, Florida 33431 Item 2. (a), (b) and (c) Name of Persons Filing, Address of Principal Business ----------------------------------------------------- Office and Citizenship: ----------------------- The Bessemer Group, Incorporated ("BGI"), as a parent holding company, and Bessemer Trust Company ("BTC"). BTC is wholly owned by BGI. BTC is a trust company that manages accounts for the benefit of others. The holder of the securities referred to in this statement is a trust for the benefit of a client of BTC, of which BTC is trustee or co-trustee. BGI and BTC each has its principal business office at 100 Woodbridge Center Drive, Woodbridge, New Jersey 07095-0980. BGI is a corporation organized under the laws of Delaware. BTC is a bank organized under the laws of New Jersey. (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 928430107 Page 4 of 6 Pages CUSIP No. 928430107 13G Page 5 of 6 Pages --------- --- --- Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a), (c) through (f), (h) through (j) not applicable. (b) [X] Bank as defined in ss. 3(a)(6) of the Act, as to BTC. (g) [X] Parent holding company or control person, in accordance with Rule 13d-1(b)(1)(ii)(G), as to BGI. Item 4. Ownership Items 5 through 9 and Item 11 of Pages 2 and 3 of this Statement are incorporated herein by reference. Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class securities, check the following: [X] Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Items 1 and 12 of page 3 of this Statement are incorporated herein by reference. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice of Dissolution of Group Not applicable. Page 5 of 6 Pages CUSIP No. 928430107 13G Page 6 of 6 Pages --------- --- --- Item 10. Certification By signing below, the undersigned certify that, to the best of the knowledge and belief of the undersigned, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of such securities and were not acquired are not held in connection with or as a participant in any transaction having that purpose or effect. Item 11. Signatures After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: February 1, 1999 THE BESSEMER GROUP, INCORPORATED By: /s/ Richard R. Davis ------------------------------ Name: Richard R. Davis, Title: Executive Vice President BESSEMER TRUST COMPANY By: /s/ Richard R. Davis ------------------------------ Name: Richard R. Davis, Title: Executive Vice President Page 6 of 6 Pages -----END PRIVACY-ENHANCED MESSAGE-----