-----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, VBDIlud005By8UnJsopSufODhC9fR74/+4o3L7v3eyP1flIdQMeynQXz09+WpudX vZ13vG4ztwEUuzAx+gxxcQ== 0000935836-05-000143.txt : 20050505 0000935836-05-000143.hdr.sgml : 20050505 20050504183403 ACCESSION NUMBER: 0000935836-05-000143 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050505 DATE AS OF CHANGE: 20050504 GROUP MEMBERS: JEFFREY H. PORTER GROUP MEMBERS: PORTER CAPITAL MANAGEMENT CO. GROUP MEMBERS: PORTER PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DDS TECHNOLOGIES USA INC CENTRAL INDEX KEY: 0001099217 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 134253546 STATE OF INCORPORATION: NV FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78226 FILM NUMBER: 05800700 BUSINESS ADDRESS: STREET 1: 150 EAST PALMETTO PARK ROAD STREET 2: SUITE 510 CITY: BOCA RATON STATE: FL ZIP: 33432 BUSINESS PHONE: 561-750-4450 MAIL ADDRESS: STREET 1: 150 EAST PALMETTO PARK ROAD STREET 2: SUITE 510 CITY: BOCA RATON STATE: FL ZIP: 33432 FORMER COMPANY: FORMER CONFORMED NAME: FISHTHEWORLD HOLDINGS INC DATE OF NAME CHANGE: 20020620 FORMER COMPANY: FORMER CONFORMED NAME: FISHTHEWORLD COM INC DATE OF NAME CHANGE: 20020522 FORMER COMPANY: FORMER CONFORMED NAME: ASTURIAS INDUSTRIES INC DATE OF NAME CHANGE: 19991117 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PORTER CAPITAL MANAGEMENT CO CENTRAL INDEX KEY: 0000942829 IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 100 SHORELINE STREET 2: STE 211B CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153324466 MAIL ADDRESS: STREET 1: 100 SHORELINE STREET 2: STE 211B CITY: MILL VALLEY STATE: CA ZIP: 94941 SC 13G 1 ddstehc13g.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

OMB Number: 3235-0145

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Estimated average burden

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. ___________)

 

DDS Technologies USA, Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

23316W

(CUSIP Number)

 

April 12, 2005

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ ] Rule 13d-1(b)

[X] 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).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

 

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Jeffrey H. Porter

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) __X___

(b) ______

3. SEC Use Only

4. Citizenship or Place of Organization U.S.A.

Number of

Shares

Beneficially

Owned by

Each Reporting

Person With:

5. Sole Voting Power 160,661

6. Shared Voting Power 1,577,191

7. Sole Dispositive Power 160,661

8. Shared Dispositive Power 1,577,191

9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,737,852

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 8.6%

12. Type of Reporting Person (See Instructions)

IN

HC

________

 

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Porter Capital Management Co.

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) __X___

(b) ______

3. SEC Use Only

4. Citizenship or Place of Organization California

Number of

Shares

Beneficially

Owned by

Each Reporting

Person With:

5. Sole Voting Power 0

6. Shared Voting Power 1,577,191

7. Sole Dispositive Power 0

8. Shared Dispositive Power 1,577,191

9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,577,191

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 7.9%

12. Type of Reporting Person (See Instructions)

CO

IA

________

 

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Porter Partners, L.P.

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) _____

(b) __X___

3. SEC Use Only

4. Citizenship or Place of Organization California

Number of

Shares

Beneficially

Owned by

Each Reporting

Person With:

5. Sole Voting Power 0

6. Shared Voting Power 1,066,107

7. Sole Dispositive Power 0

8. Shared Dispositive Power 1,066,107

9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,066,107

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 5.4%

12. Type of Reporting Person (See Instructions)

PN

________

 

Item 1.

(a) Name of Issuer

DDS Technologies USA, Inc.

(b) Address of Issuer's Principal Executive Offices

150 East Palmetto Park Road, Suite 510, Boca Raton, FL 33432

Item 2.

(a) The names of the persons filing this statement are: Jeffrey H. Porter, Porter Capital Management Co. ("Porter Capital") and Porter Partners, L.P. (the "Partnership")
(collectively, the "Filers").

(b) The principal business office of the Filers is located at: 300 Drakes Landing Road, Suite 175, Greenbrae, CA 94904

(c) For citizenship of Filers, see Item 4 of the cover sheet for each Filer.

(d) This statement relates to shares of common stock of the Issuer (the "Stock").

(e) The CUSIP number of the Issuer is: 23316W

Item 3. If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).

(f) [ ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).

(g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G).

(h) [ ] A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).

 

Item 4. Ownership.

See Items 5-9 and 11 of the cover page for each Filer.

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 of securities, check the following [ ].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Porter Capital is an investment adviser whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock. No client, other than the Partnership, separately holds more than five percent of the outstanding Stock.

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.

Porter Capital is an investment adviser and is the general partner of investment limited partnerships, including the Partnership. Mr. Porter is the controlling owner of Porter Capital. The Partnership is filing this Schedule 13G jointly with the other Filers, but not as a member of a group, and expressly disclaims membership in a group. In addition, the filing of this Schedule 13G on behalf of the Partnership should not be construed as an admission that it is, and the Partnership disclaims that it is, the beneficial owner, as defined in Rule 13d-3 under the Securities Exchange Act of 1934, of any of the Stock covered by this Schedule 13G.

Item 9. Notice of Dissolution of Group

Not applicable.

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.

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: May 4, 2005

Porter Capital Management Co.

 

By: /s/Jeffrey H. Porter

Jeffrey H. Porter

Managing General Partner

Porter Partners, L.P.

By: Porter Capital Management Co.

General Partner

By: /s/ Jeffrey H. Porter

Jeffrey H. Porter

Managing General Partner

 

 

/s/ Jeffrey H. Porter

Jeffrey H. Porter

 

 

AGREEMENT REGARDING JOINT FILING

OF STATEMENT ON SCHEDULE 13D OR 13G

The undersigned agree to file jointly with the Securities and Exchange Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G (and any amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection with purchases and sales by the undersigned of securities of any issuer, until such time as the undersigned file with the SEC a statement terminating this Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G. For that purpose, the undersigned hereby constitute and appoint Porter Capital Management Co., a California general partnership, as their true and lawful agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnish to any other person all certificates, instruments, agreements and documents necessary to comply with section 13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended, i n connection with said purchases and sales, and to do and perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally present, until such time as the undersigned file with the SEC a statement terminating this Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.

DATED: May 4, 2005

Porter Capital Management Co.

 

By: /s/ Jeffrey H. Porter

Jeffrey H. Porter

Managing General Partner

Porter Partners, L.P.

By: Porter Capital Management Co.

General Partner

By: /s/ Jeffrey H. Porter

Jeffrey H. Porter

Managing General Partner

 

 

/s/ Jeffrey H. Porter

Jeffrey H. Porter

 

 

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