sec document

-----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, S+rvtmlLLgqg1HKnhrlHEuvhYigY5g1UFipswMfvOaA+Jd/YRGhmnRp6bv9MzXJS UFhuqpVKnos0/Qn8FosbAA== 0000921895-05-000080.txt : 20050119 0000921895-05-000080.hdr.sgml : 20050119 20050119172450 ACCESSION NUMBER: 0000921895-05-000080 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050119 DATE AS OF CHANGE: 20050119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WARP TECHNOLOGY HOLDINGS INC CENTRAL INDEX KEY: 0001125052 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 880467845 STATE OF INCORPORATION: NV FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78304 FILM NUMBER: 05537117 BUSINESS ADDRESS: STREET 1: 535 WEST 34 STREET, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: (212) 962-9277 FORMER COMPANY: FORMER CONFORMED NAME: ABBOTT MINES LTD DATE OF NAME CHANGE: 20000927 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHEATLEY PARTNERS L P CENTRAL INDEX KEY: 0001019868 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 80 CUTTERMILL ROAD STREET 2: SUITE 311 CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: 5167730991 SC 13G/A 1 sc13ga104693006_12312004.htm sec document

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 --------------

                                  SCHEDULE 13G

            INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
  RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)

                               (Amendment No. 1)*

                         Warp Technology Holdings, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                    COMMON STOCK, PAR VALUE $.00001 PER SHARE
- ------------------------------------------------------------------------------------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   002840 10 6
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2004
- --------------------------------------------------------------------------------
             (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  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. 002840 10 6                 13G                     Page 2 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                                      Barry Rubenstein
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     United States
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   0 shares
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                23,948 shares (1)
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                0 shares
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                23,948 shares (1)
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     23,948 shares (1)
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     2.4%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     IN
================================================================================

(1) Consists of (a) 6,096 shares of Common Stock and (ii) 2,778 shares of Common
Stock  issuable  upon  exercise of warrants to purchase  shares of Common  Stock
beneficially  held by Seneca Ventures;  (b) (i) 6,470 shares of Common Stock and
(ii) 4,167 shares of Common Stock issuable upon exercise of warrants to purchase
Common  Stock  beneficially  held by Woodland  Venture  Fund;  and (c) (i) 3,048
shares of Common  Stock and (ii)  1,389  shares of Common  Stock  issuable  upon
exercise of warrants to purchase  shares of Common  Stock  beneficially  held by
Woodland  Partners.   Mr.  Rubenstein  disclaims  beneficial  ownership  of  the
securities  held  by  Seneca  Ventures,  Woodland  Venture  Fund,  and  Woodland
Partners, except to the extent of his respective equity interest therein.




- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                     Page 3 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
                                      Wheatley Partners, L.P.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     Delaware
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   0 shares
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                0 shares
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                0 shares
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     0 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     0.0%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     PN
================================================================================






- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                     Page 4 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
                                      Wheatley Foreign Partners, L.P.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     Delaware
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   0 shares
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                0 shares
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                0 shares
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     0 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     0.0%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     PN
================================================================================






- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                     Page 5 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
                                      Wheatley Partners II, L.P.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     New York
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   0 shares
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                0 shares
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                0 shares
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     0 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     0.0%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     PN
================================================================================





- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                     Page 6 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
                                      Irwin Lieber
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     United States
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   4,437 shares (1)
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                0 shares
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                4,437 shares (1)
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     4,437 shares (1)
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     0.5%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     IN
================================================================================

(1) Includes  1,389 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.





- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                     Page 7 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
                                      Barry Fingerhut
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     United States
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   4,437 shares (1)
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                0 shares
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                4,437 shares (1)
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     4,437 shares (1)
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     0.5%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     IN
================================================================================

(1) Includes  1,389 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.





- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                     Page 8 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                                      Brookwood Partners, L.P.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     New York
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   0 shares
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                0 shares
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                0 shares
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     0 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     0.0%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     PN
================================================================================





- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                     Page 9 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                                      Seneca Ventures
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     New York
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   8,874 shares (1)
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                0 shares
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                8,874 shares (1)
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     8,874 shares (1)
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     0.9%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     PN
================================================================================

(1) Consists of (i) 6,096 shares of Common Stock and (ii) 2,778 shares of Common
Stock issuable upon exercise of warrants to purchase shares of Common Stock.




- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                    Page 10 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                                Woodland Venture Fund
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     New York
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   10,637 shares (1)
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                0 shares
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                10,637 shares (1)
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     10,637 shares (1)
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     1.1%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     PN
================================================================================

(1) Consists of (i) 6,470 shares of Common Stock and (ii) 4,167 shares of Common
Stock issuable upon exercise of warrants to purchase shares of Common Stock.





- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                    Page 11 of 20 Pages
- -----------------------                                     --------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                                      Woodland Partners
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OR ORGANIZATION

                     New York
- --------------------------------------------------------------------------------
  NUMBER OF        5      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   4,437 shares (1)
   OWNED BY
     EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   6      SHARED VOTING POWER

                                0 shares
               -----------------------------------------------------------------
                   7      SOLE DISPOSITIVE POWER

                                4,437 shares (1)
               -----------------------------------------------------------------
                   8      SHARED DISPOSITIVE POWER

                                0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     4,437 shares (1)
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES                                                / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                     0.5%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON

                     PN
================================================================================

(1) Consists of (i) 3,048 shares of Common Stock and (ii) 1,389 shares of Common
Stock issuable upon exercise of warrants to purchase shares of Common Stock.





- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                    Page 12 of 20 Pages
- -----------------------                                     --------------------


Item 1.

(a)   Name of Issuer:  Warp Technology Holdings, Inc.
(b)   Address of Issuer's Principal Executive Offices:
                       535 West 34th Street, 5th Floor, New York, New York 10001

Item 2.

1.    (a) Name of Person Filing: Barry Rubenstein
      (b) Address of Principal Business Office, or if none, Residence:
                      68 Wheatley Road, Brookville, New York 11545
      (c) Citizenship: United States
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number: 002840 10 6

2.    (a) Name of Person Filing: Wheatley Partners, L.P.
      (b) Address of Principal Business Office, or if none, Residence:
                      80 Cuttermill Road, Suite 302, Great Neck, NY 11021
      (c) Citizenship: Delaware
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number: 002840 10 6

3.    (a) Name of Person Filing: Wheatley Foreign Partners, L.P.
      (b) Address of Principal Business Office, or if none, Residence:
                      80 Cuttermill Road, Suite 302, Great Neck, NY 11021
      (c) Citizenship: Delaware
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number: 002840 10 6

4.    (a) Name of Person Filing: Wheatley Partners II, L.P.
      (b) Address of Principal Business Office, or if none, Residence:
                      80 Cuttermill Road, Suite 302, Great Neck, NY 11021
      (c) Citizenship: New York
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number: 002840 10 6

5.    (a) Name of Person Filing: Irwin Lieber
      (b) Address of Principal Business Office, or if none, :
                      80 Cuttermill Road, Suite 302, Great Neck, NY 11021
      (c) Citizenship: United States
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number: 002840 10 6

6.    (a) Name of Person Filing: Barry Fingerhut
      (b) Address of Principal Business Office, or if none, :
                      80 Cuttermill Road, Suite 302, Great Neck, NY 11021
      (c) Citizenship: United States
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number: 002840 10 6





- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                    Page 13 of 20 Pages
- -----------------------                                     --------------------


7.    (a) Name of Person Filing: Brookwood Partners, L.P.
      (b) Address of Principal Business Office, or if none, Residence:
                      68 Wheatley Road, Brookville, New York 11545
      (c) Citizenship: New York
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number:  002840 10 6

8.    (a) Name of Person Filing: Seneca Ventures
      (b) Address of Principal Business Office, or if none, Residence:
                      68 Wheatley Road, Brookville, New York 11545
      (c) Citizenship: New York
      (d) Title of Class of Securities:  Common Stock, par value $.00001 per share
      (e) CUSIP Number:  002840 10 6

9.    (a) Name of Person Filing: Woodland Venture Fund
      (b) Address of Principal Business Office, or if none, Residence:
                      68 Wheatley Road, Brookville, New York 11545
      (c) Citizenship: New York
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number:  002840 10 6

10.   (a) Name of Person Filing: Woodland Partners
      (b) Address of Principal Business Office, or if none, Residence:
                      68 Wheatley Road, Brookville, New York 11545
      (c) Citizenship: New York
      (d) Title of Class of Securities:  Common Stock, par value $.00001 per share
      (e) CUSIP Number:   002840 10 6

      The following  individuals or entities are identified in this Schedule 13G
due to their  relationships  with one or more of the Reporting Persons disclosed
above. The following  persons or entities are not Reporting Persons for purposes
of this Schedule 13G.

      Affiliates  of  Wheatley   Partners,   L.P.,   but  who  do  not  directly
beneficially own shares of Common Stock of the Issuer.

11.   (a) Name of Person Filing: Jonathan Lieber
      (b) Address of Principal Business Office, or if none, :
                      80 Cuttermill Road, Suite 302, Great Neck, NY 11021
      (c) Citizenship: United States
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number:  002840 10 6

12.   (a) Name of Person Filing: Seth Lieber
      (b) Address of Principal Business Office, or if none, :
                      80 Cuttermill Road, Suite 302, Great Neck, NY 11021
      (c) Citizenship: United States
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number:  002840 10 6




- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                    Page 14 of 20 Pages
- -----------------------                                     --------------------


13.   (a) Name of Person Filing: Wheatley Partners, LLC
      (b) Address of Principal Business Office, or if none, Residence:
                      80 Cuttermill Road, Suite 302, Great Neck, NY 11021
      (c) Citizenship: Delaware
      (d) Title of Class of Securities:  Common Stock, par value $.00001 per share
      (e) CUSIP Number:  002840 10 6

      Affiliates of Barry Rubenstein,  but who do not directly  beneficially own
shares of Common Stock of the Issuer.

14.   (a) Name of Person Filing: Marilyn Rubenstein
      (b) Address of Principal Business Office, or if none, Residence:
                      68 Wheatley Road, Brookville, New York 11545
      (c) Citizenship: United States
      (d) Title of Class of Securities: Common Stock, par value $.00001 per share
      (e) CUSIP Number:  002840 10 6

15.   (a) Name of Person Filing: Woodland Services Corp.
      (b) Address of Principal Business Office, or if none, Residence:
                      68 Wheatley Road, Brookville, New York 11545
      (c) Citizenship: New York
      (d) Title of Class of Securities:  Common Stock, par value $.00001 per share
      (e) CUSIP Number:    002840 10 6

      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:

           /x/  Not Applicable

      (a) / /  Broker or dealer registered under Section 15 of the Exchange Act.

      (b) / /  Bank as defined in section 3(a)(6) of the Exchange Act.

      (c) / /  Insurance  company as defined in section 3(a)(19) of the Exchange
               Act.

      (d) / /  Investment  company  registered under section 8 of the Investment
               Company Act.

      (e) / /  An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

      (f) / /  An employee  benefit plan or endowment  fund in  accordance  with
               Rule 13d-1(b)(1)(ii)(F).

      (g) / /  A parent  holding  company or control  person in accordance  with
               Rule 13d-1(b)(1)(ii)(G).

      (h) / /  A savings  association  as defined in Section 3(b) of the Federal
               Deposit Insurance Act;

      (i) / /  A  church  plan  that  is  excluded  from  the  definition  of an
               investment  company  under  Section  3(c)(14)  of the  Investment
               Company Act.




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CUSIP No. 002840 10 6                 13G                    Page 15 of 20 Pages
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      (j) / /  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

      Item 4.  Ownership  - The  number of shares of Common  Stock  shown  below
      reflect  the  1:100  reverse  stock  split  effected  by the  Issuer as of
      November  18,  2004  (the  "Reverse  Stock  Split").  The  percentages  of
      beneficial  ownership  shown  below are based on  97,111,483  (or  971,115
      post-Reverse  Stock  Split)  shares  of  Common  Stock  outstanding  as of
      November  3, 2003 as  reported in the  Issuer's  quarterly  report for the
      period ended September 30, 2003 on Form 10-QSB.

      1.  Barry Rubenstein
          (a)  Amount Beneficially Owned: 23,948 shares.
          (b)  Percent of Class: 2.4%.
          (c)  Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 0 shares.
               (ii)  shared power to vote or direct the vote: 23,948 shares.
               (iii) sole power to dispose or direct the disposition of: 0 shares.
               (iv)  shared power to dispose or direct the disposition of: 23,948 shares.

      2.  Wheatley Partners, L.P.
          (a)  Amount Beneficially Owned: 0 shares.
          (b)  Percent of Class: 0.0%.
          (c)  Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 0 shares.
               (ii)  shared power to vote or direct the vote: 0 shares.
               (iii) sole power to dispose or direct the disposition of: 0 shares.
               (iv)  shared power to dispose or direct the disposition of: 0 shares.

      3.  Wheatley Foreign Partners, L.P.
          (a) Amount Beneficially Owned: 0 shares.
          (b) Percent of Class: 0.0%.
          (c) Number of shares as to which such person has:
              (i)    sole power to vote or direct the vote: 0 shares.
              (ii)   shared power to vote or direct the vote: 0 shares.
              (iii)  sole power to dispose or direct the disposition of: 0 shares.
              (iv)   shared power to dispose or direct the disposition of: 0 shares.

      4.  Wheatley Partners II, L.P.
          (a) Amount Beneficially Owned: 0 shares.
          (b) Percent of Class: 0.0%.
          (c) Number of shares as to which such person has:
              (i)    sole power to vote or direct the vote: 0 shares.
              (ii)   shared power to vote or direct the vote: 0 shares.
              (iii)  sole power to dispose or direct the disposition of: 0 shares.
              (iv)   shared power to dispose or direct the disposition of: 0 shares.

       5. Irwin Lieber
          (a) Amount Beneficially Owned: 4,437 shares.
          (b) Percent of Class: 0.5%.
          (c) Number of shares as to which such person has:
              (i)    sole power to vote or direct the vote: 4,437 shares.
              (ii)   shared power to vote or direct the vote: 0 shares.
              (iii)  sole power to dispose or direct the disposition of: 4,437 shares.
              (iv)   shared power to dispose or direct the disposition of: 0 shares.



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CUSIP No. 002840 10 6                 13G                    Page 16 of 20 Pages
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       6.  Barry Fingerhut
           (a) Amount Beneficially Owned: 4,437 shares.
           (b) Percent of Class: 0.5%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 4,437 shares.
               (ii)  shared power to vote or direct the vote: 0 shares.
               (iii) sole power to dispose or direct the disposition of: 4,437 shares.
               (iv)  shared power to dispose or direct the disposition of: 0 shares.

       7.  Brookwood Partners, L.P.
           (a) Amount Beneficially Owned: 0 shares.
           (b) Percent of Class: 0.0%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 0 shares.
               (ii)  shared power to vote or direct the vote: 0 shares.
               (iii) sole power to dispose or direct the disposition of: 0 shares.
               (iv)  shared power to dispose or direct the disposition of: 0 shares.

       8.  Seneca Ventures
           (a) Amount Beneficially Owned: 8,874 shares.
           (b) Percent of Class: 0.9%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 8,874 shares.
               (ii)  shared power to vote or direct the vote: 0 shares.
               (iii) sole power to dispose or direct the disposition of: 8,874 shares.
               (iv)  shared power to dispose or direct the disposition of: 0 shares.

       9.  Woodland Venture Fund
           (a) Amount Beneficially Owned: 10,637 shares.
           (b) Percent of Class: 1.1%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 10,637 shares.
               (ii)  shared power to vote or direct the vote: 0 shares.
               (iii) sole power to dispose or direct the disposition of: 10,637 shares.
               (iv)  shared power to dispose or direct the disposition of: 0 shares.

      10.  Woodland Partners
           (a) Amount Beneficially Owned: 4,437 shares.
           (b) Percent of Class: 0.5%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 4,437 shares.
               (ii)  shared power to vote or direct the vote: 0 shares.
               (iii) sole power to dispose or direct the disposition of: 4,437 shares.
               (iv)  shared power to dispose or direct the disposition of: 0 shares.

      The following  individuals or entities are identified in this Schedule 13G
due to their  relationships  with one or more of the Reporting Persons disclosed
above. The following  persons or entities are not Reporting Persons for purposes
of this Schedule 13G.





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CUSIP No. 002840 10 6                 13G                    Page 17 of 20 Pages
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      Affiliates  of  Wheatley   Partners,   L.P.,   but  who  do  not  directly
beneficially own shares of Common Stock of the Issuer:

      11.  Jonathan Lieber
           (a) Amount Beneficially Owned: 0 shares.
           (b) Percent of Class: 0.0%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 0 shares.
               (ii)  shared power to vote or direct the vote: 0 shares.
               (iii) sole power to dispose or direct the disposition of: 0 shares.
               (iv)  shared power to dispose or direct the disposition of: 0 shares.

      12.  Seth Lieber
           (a) Amount Beneficially Owned: 0 shares.
           (b) Percent of Class: 0.0%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 0 shares.
               (ii)  shared power to vote or direct the vote: 0 shares.
               (iii) sole power to dispose or direct the disposition of: 0 shares.
               (iv)  shared power to dispose or direct the disposition of: 0 shares.

      13.  Wheatley Partners, LLC
           (a) Amount Beneficially Owned: 0 shares.
           (b) Percent of Class: 0.0%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 0 shares.
               (ii)  shared power to vote or direct the vote: 0 shares.
               (iii) sole power to dispose or direct the disposition of: 0 shares.
               (iv)  shared power to dispose or direct the disposition of: 0 shares.

      Affiliates of Barry Rubenstein,  but who do not directly  beneficially own
shares of Common Stock of the Issuer:

      14.  Marilyn Rubenstein
           (a) Amount Beneficially Owned: 23,948 shares.
           (b) Percent of Class: 2.4%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 0 shares.
               (ii)  shared power to vote or direct the vote: 23,948 shares.
               (iii) sole power to dispose or direct the disposition of: 0 shares.
               (iv)  shared power to dispose or direct the disposition of: 23,948 shares.

      15.  Woodland Services Corp.
           (a) Amount Beneficially Owned: 19,511 shares.
           (b) Percent of Class: 2.0%.
           (c) Number of shares as to which such person has:
               (i)   sole power to vote or direct the vote: 0 shares.
               (ii)  shared power to vote or direct the vote: 19,511 shares.
               (iii) sole power to dispose or direct the disposition of: 0 shares.
               (iv)  shared power to dispose or direct the disposition of: 19,511 shares.



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CUSIP No. 002840 10 6                 13G                    Page 18 of 20 Pages
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      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 [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.

               Not Applicable.

      Item 8.  Identification and Classification of Members of the Group.

               Not Applicable.

      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.

           [The remainder of this page was intentionally left blank.]






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CUSIP No. 002840 10 6                 13G                    Page 19 of 20 Pages
- -----------------------                                     --------------------



                                   SIGNATURES
                                   ----------

            After  reasonable  inquiry  and to the  best  of his  knowledge  and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.


Dated: January 19, 2005

                                         WHEATLEY PARTNERS, L.P.

                                         By: Wheatley Partners LLC,
                                             the General Partner


                                         By: /s/ Irwin Lieber
                                             -----------------------------------
                                             Name:  Irwin Lieber
                                             Title: President

                                         WHEATLEY FOREIGN PARTNERS, L.P.

                                         By: Wheatley Partners LLC,
                                             a General Partner

                                         By: /s/ Irwin Lieber
                                             -----------------------------------
                                             Name:  Irwin Lieber
                                             Title: President

                                         WHEATLEY PARTNERS II, L.P.


                                         By: /s/ Irwin Lieber
                                             -----------------------------------
                                             Irwin Lieber, a General Partner


                                         /s/ Irwin Lieber
                                         ---------------------------------------
                                         Irwin Lieber


                                         /s/ Barry Fingerhut
                                         ---------------------------------------
                                         Barry Fingerhut







- -----------------------                                     --------------------
CUSIP No. 002840 10 6                 13G                    Page 20 of 20 Pages
- -----------------------                                     --------------------


                                         /s/ Barry Rubenstein
                                         ---------------------------------------
                                         Barry Rubenstein


                                         BROOKWOOD PARTNERS, L.P.

                                         By: /s/ Barry Rubenstein
                                             -----------------------------------
                                             Barry Rubenstein, a General Partner


                                         SENECA VENTURES


                                         By: /s/ Barry Rubenstein
                                             -----------------------------------
                                             Barry Rubenstein, a General Partner


                                         WOODLAND PARTNERS


                                         By: /s/ Barry Rubenstein
                                             -----------------------------------
                                             Barry Rubenstein, a General Partner


                                         WOODLAND VENTURE FUND


                                         By: /s/ Barry Rubenstein
                                             -----------------------------------
                                             Barry Rubenstein, a General Partner
-----END PRIVACY-ENHANCED MESSAGE-----