-----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, B9FEUGjsJJuChIwdS1oig79EDdLJxPXCKskjwoZB+bzSuFiu5V1rZ3FSkrgw77Xz XGuhgBKE+iac1gTPTwz9Fg== 0001144204-07-048880.txt : 20070911 0001144204-07-048880.hdr.sgml : 20070911 20070911160519 ACCESSION NUMBER: 0001144204-07-048880 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070911 DATE AS OF CHANGE: 20070911 GROUP MEMBERS: ADAM BENOWITZ GROUP MEMBERS: VISION CAPITAL ADVISORS, LLC GROUP MEMBERS: VISION OPPORTUNITY MASTER FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL IMAGING SYSTEMS INC CENTRAL INDEX KEY: 0001070045 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PROFESSIONAL & COMMERCIAL EQUIPMENT & SUPPLIES [5040] IRS NUMBER: 650854589 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79157 FILM NUMBER: 071111140 BUSINESS ADDRESS: STREET 1: 6689 NW 16TH TERRACE STREET 2: -- CITY: FT. LAUDERDALE STATE: FL ZIP: 33309 BUSINESS PHONE: 954-978-9090 MAIL ADDRESS: STREET 1: 6689 NW 16TH TERRACE STREET 2: -- CITY: FT. LAUDERDALE STATE: FL ZIP: 33309 FORMER COMPANY: FORMER CONFORMED NAME: A M S MARKETING INC DATE OF NAME CHANGE: 19990218 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VISION OPPORTUNITY MASTER FUND, LTD. CENTRAL INDEX KEY: 0001349985 IRS NUMBER: 270120759 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O VISION CAPITAL ADVISORS, LLC STREET 2: 20 WEST 55TH STREET, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 849-8228 MAIL ADDRESS: STREET 1: C/O VISION CAPITAL ADVISORS, LLC STREET 2: 20 WEST 55TH STREET, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: Vision Opportunity Master Fund Ltd DATE OF NAME CHANGE: 20060117 SC 13G/A 1 v087461_sc13ga.htm
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549

SCHEDULE 13G/A
(Amendment No. 1)

Under the Securities Exchange Act of 1934
 
International Imaging Systems, Inc.
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
 
00178Q 10 8
 
 
(CUSIP Number)
 
 
                                 August 10, 2007                                    
(Date of Event Which Requires Filing of this Statement)
 
 
 


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
r Rule 13d-1(b)
x Rule 13d-1(c)
r 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).
 
 
 

 
 
 

 
CUSIP No .   00178Q 10 8
 
SCHEDULE 13G
 
Page  2  of 8  Pages

 
1
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Vision Opportunity Master Fund, Ltd. *
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)            ÿ
(b)            ÿ
 
 
3
 
SEC USE ONLY
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF
 SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
 
SOLE VOTING POWER
 
280,000
 
 
6
 
SHARED VOTING POWER
 
0
 
 
7
 
SOLE DISPOSITIVE POWER
 
280,000
 
 
8
 
SHARED DISPOSITIVE POWER
 
0
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
280,000
 
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ]
 
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
18.0%
 
12
 
TYPE OF REPORTING PERSON *
 
CO

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 


 
 
CUSIP No .   00178Q 10 8
 
SCHEDULE 13G
 
Page  3  of 8  Pages

 
1
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Vision Capital Advisors, LLC (formerly known as Vision Opportunity Capital Management, LLC) *
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)            ÿ
(b)            ÿ
 
 
3
 
SEC USE ONLY
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
 SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
 
SOLE VOTING POWER
 
280,000
 
 
6
 
SHARED VOTING POWER
 
0
 
 
7
 
SOLE DISPOSITIVE POWER
 
280,000
 
 
8
 
SHARED DISPOSITIVE POWER
 
0
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
280,000
 
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ]
 
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
18.0%
 
12
 
TYPE OF REPORTING PERSON *
 
IA


 
 
 


 
CUSIP No .   00178Q 10 8
 
SCHEDULE 13G
 
Page  4  of 8  Pages

 
1
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 Adam Benowitz*
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)            ÿ
(b)            ÿ
 
 
3
 
SEC USE ONLY
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 U.S. Citizen
NUMBER OF
 SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
 
SOLE VOTING POWER
 
280,000
 
 
6
 
SHARED VOTING POWER
 
0
 
 
7
 
SOLE DISPOSITIVE POWER
 
280,000
 
 
8
 
SHARED DISPOSITIVE POWER
 
0
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
280,000
 
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ]
 
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
18.0%
 
12
 
TYPE OF REPORTING PERSON *
 
IN

* Adam Benowitz, in his capacity as managing member of Vision Capital Advisors, LLC, the investment manager to the Reporting Person, has ultimate dispositive power over the shares held by the Reporting Person.  Mr. Benowitz disclaims beneficial ownership of the shares disclosed herein.

 
 
 

 
CUSIP No.  00178Q 10 8
 
SCHEDULE 13G
 
Page     5 of   8 Pages
 

 
Item 1(a).
Name of Issuer:
   
 
International Imaging Systems, Inc.
 
  
Item 1(b).
Address of Issuer's Principal Executive Offices:
   
 
2419 E. Commercial Blvd., Suite 305
 
Ft. Lauderdale, FL 33308
   
Item 2(a).
Name of Person Filing.
Item 2(b).
Address of Principal Business Office or, if None, Residence.
Item 2(c).
Citizenship.
   
 
Vision Opportunity Master Fund, Ltd.
 
c/o Citi Hedge Fund Services (Cayman) Limited
 
P.O. Box 1748
 
Cayman Corporate Centre
 
27 Hospital Rd, 5th Floor
 
Grand Cayman KY1-1109, Cayman Islands
 
Cayman Islands
   
 
Vision Capital Advisors, LLC
 
20 W. 55 th Street, 5 th Floor
 
New York, New York 10019
 
Delaware Limited Liability Company
   
 
Adam Benowitz
 
20 W. 55 th Street, 5 th Floor
 
New York, New York 10019
 
U.S. Citizen
   

Item 2(d).         Title of Class of Securities:
 
              Common Stock, par value $0.001 per share

Item 2(e).         CUSIP Number:
 
              00178Q 10 8

Item 3.              If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whetherthe person filing is a:
 
              Not Applicable

Item 4.                Ownership.*
 
 
The following is information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1 as of August 10, 2007:

(a)
Amount beneficially owned: 280,000 shares of Common Stock*, of which 90,000 shares of Common Stock are issuable upon exercise of a warrant (based upon 1,556,573 shares of Common Stock outstanding as of August 10, 2007, assuming the issuance of the 90,000 shares of Common Stock underlying the warrant, pursuant to information obtained from the Issuer.)
 
 
 
 
 
 
CUSIP No. 00178Q 10 8
 
SCHEDULE 13G
 
Page     6 of   8 Pages
 
(b)            Percent of Class: 17.99%

(c)            Number of shares as to which such person has:

(i)             sole power to vote or direct the vote:  280,000

(ii)            shared power to vote or direct the vote:   0

(iii)           sole power to dispose or direct the disposition of: 280,000
 
 

 * On August 10, 2007, the Reporting Person acquired (1) 90,000 shares of Common Stock, and (2) a warrant to purchase 90,000 shares of Common Stock in a private placement transaction with the Issuer.

Item 5.       Ownership of Five Percent or Less of a Class.
 
            Not Applicable

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.
 
        Not Applicable

Item 8.      Identification and Classification of Members of the Group.
 
           Not Applicable

Item 9.      Notice of Dissolution of Group.
 
           Not Applicable

 
 
 
 
 
 
CUSIP No.  00178Q 10 8
 
SCHEDULE 13G
 
Page     7 of   8 Pages
 

 
Item 10.           Certification.


By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


 
 
 

 
CUSIP No. 00178Q 10 8
 
SCHEDULE 13G
 
Page     8 of   8 Pages

 
 
 
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.

Dated:  September 11, 2007
    
     
     
 
VISION OPPORTUNITY MASTER FUND, LTD.
      
   By:
/s/ Adam Benowitz
   
Name: Adam Benowitz
   


 
 
 
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