-----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, Ti1TiNmGCWRbqTVGH+/VP0sCjBd4WV9dbIz4IX4tazsaL3wLk94jZc8EGK1DgBF4 ApLzyEZveBfVyiCQas+vPQ== 0001144204-05-004713.txt : 20050214 0001144204-05-004713.hdr.sgml : 20050214 20050214172658 ACCESSION NUMBER: 0001144204-05-004713 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050214 DATE AS OF CHANGE: 20050214 GROUP MEMBERS: GREENLIGHT (SWITZERLAND) SA SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VITAL LIVING INC CENTRAL INDEX KEY: 0001145700 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 880485596 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79189 FILM NUMBER: 05612847 BUSINESS ADDRESS: STREET 1: 5080 NORTH 40TH STREET, SUITE 105 CITY: PHOENIX STATE: AZ ZIP: 85018 BUSINESS PHONE: 602-952-9909 MAIL ADDRESS: STREET 1: 5080 NORTH 40TH STREET, SUITE 105 CITY: PHOENIX STATE: AZ ZIP: 85018 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRESCENT INTERNATIONAL LTD CENTRAL INDEX KEY: 0001075643 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O GREENLIGHT(SWITZERLAND)SA STREET 2: 84 AVE LOUIS CASAI, 1216 COINTRIN/GENEVA CITY: SWITZERLAND BUSINESS PHONE: 41227917170 MAIL ADDRESS: STREET 1: 2 CHURCH STREET STREET 2: HAMILTON H 11 CITY: BERMUDA STATE: D0 ZIP: 00000 SC 13G/A 1 v012932_sc13ga.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 - -------------------------------------------------------------------------------- SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT No. 1) - -------------------------------------------------------------------------------- VITAL LIVING, INC. ------------------ (Name of Issuer) COMMON STOCK ------------ (Title of Class of Securities) 92846Y100 --------- (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) (Continued on following pages) (Page 1 of 7 Pages) Page 2 of 7 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Crescent International Ltd. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Bermuda - -------------------------------------------------------------------------------- NUMBER 5. SOLE VOTING POWER OF SHARES BENEFICIALLY 6,421,938 OWNED BY ------------------------------------------------------------------ EACH 6. SHARED VOTING POWER REPORTING PERSON None. WITH ------------------------------------------------------------------ 7. SOLE DISPOSITIVE POWER 6,421,938 ------------------------------------------------------------------ 8. SHARED DISPOSITIVE POWER None. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,421,938 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.10%(1) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: OO - -------------------------------------------------------------------------------- Page 3 of 7 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GreenLight (Switzerland) SA - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Switzerland - -------------------------------------------------------------------------------- NUMBER 5. SOLE VOTING POWER OF SHARES BENEFICIALLY 6,421,938 OWNED BY ------------------------------------------------------------------ EACH 6. SHARED VOTING POWER REPORTING PERSON None. WITH ------------------------------------------------------------------ 7. SOLE DISPOSITIVE POWER 6,421,938 ------------------------------------------------------------------ 8. SHARED DISPOSITIVE POWER None. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,421,938 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.10%(1) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: OO - -------------------------------------------------------------------------------- Page 4 of 7 Pages 1. Based on 79,322,687 shares of Common Stock issued and outstanding as of November 11, 2004 as stated in VTLV's Form 10-QSB/A for the fiscal quarter ended September 30, 2004 and filed on January 7, 2005. Item 1(a). Name of Issuer. VITAL LIVING, INC. ("VTLV") ---- Item 1(b). Address of Issuer's Principal Executive Offices. 5080 North 40th Street Suite 105 Phoenix, Arizona 85018 Item 2(a). Names of Person Filing. (i) Crescent International Ltd. ("Crescent") (ii) GreenLight (Switzerland) SA ("GreenLight") Item 2(b). Address of Principal Business Office, or if none, Residence. As to Crescent: Clarendon House 2 Church Street Hamilton H 11 Bermuda As to GreenLight: 84, av. Louis Casai CH-1216 Cointrin, Geneva Switzerland Item 2(c). Citizenship. As to Crescent: Bermuda As to GreenLight: Switzerland Item 2(d). Title of Class of Securities. Common Stock, par value $0.001 per share (the "Common Stock"). Item 2(e). CUSIP Number. 92846Y100 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check whether the person filing is a: Not applicable. Page 5 of 7 Pages Item 4. Ownership. The information contained in Items 5 though 11 on the cover pages hereto is incorporated herein by reference. The 6,421,938 shares of Common Stock beneficially owned by Crescent includes (i) 2,885,476 shares of Common Stock, (ii) 1,050,637 shares of Common Stock issuable upon conversion of a convertible note held by Crescent, and (iii) 2,485,825 shares of Common Stock issuable upon exercise of a common stock purchase warrant held by Crescent. Crescent is a wholly owned subsidiary of IICG (Bahamas) Limited, a Bahamas corporation residing at Norfolk House 10 Deveaux Street, Nassau, Bahamas. GreenLight is a wholly owned subsidiary of Faisal Finance (Luxembourg) SA ("FFL"), a Luxembourg corporation residing at 3, rue Alexandre Fleming L-1525 Luxembourg. GreenLight serves as the investment manager to Crescent, and as such has been granted investment discretion over investments including the Common Stock. As a result of its role as investment manager to Crescent, GreenLight may be deemed to be the beneficial owner, as defined in Rule 13d-3 under the Securities Exchange Act of 1934, of Common Stock held by Crescent. However, GreenLight does not have the right to receive any dividends from, or the proceeds from the sale of, the Common Stock held by Crescent and disclaims any ownership associated with such rights. Currently, Mel Craw and Maxi Brezzi, in their capacity as managers of GreenLight have delegated authority regarding the portfolio management decisions of Crescent with respect to the VTLV securities owned by Crescent. Neither of such persons has any legal right to maintain such delegated authority. As a result of such delegated authority, Messrs. Craw and Brezzi may be deemed to be the beneficial owners of Common Stock held by Crescent. However, neither of Messrs. Craw or Brezzi has any right to receive any dividends from, or the proceeds from the sale of, the Common Stock held by Crescent and disclaim beneficial ownership of such shares of Common Stock. Accordingly, for the purposes of this Statement: (i) Crescent is reporting that it has the power solely to vote or direct the vote and the power to dispose or direct the disposition of, a total of 6,421,938 shares of Common Stock beneficially owned by it. (ii) GreenLight is reporting that it has the power solely to vote or direct the vote and the power to dispose or direct the disposition of, a total of 6,421,938 shares of Common Stock beneficially owned by it. Page 6 of 7 Pages 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. 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 which could have that purpose or effect. Page 7 of 7 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. Date: February ___, 2005 CRESCENT INTERNATIONAL LIMITED By: GreenLight (Switzerland) SA, as Attorney-in-Fact By: /s/ Mel Craw ------------------------------------------------ Name: Mel Craw Title: Authorized Signatory By: /s/ Maxi Brezzi ------------------------------------------------ Name: Maxi Brezzi Title: Authorized Signatory GREENLIGHT (SWITZERLAND) SA By: /s/ Mel Craw ------------------------------------------------ Name: Mel Craw Title: Managing Director By: /s/ Maxi Brezzi ------------------------------------------------ Name: Maxi Brezzi Title: Director -----END PRIVACY-ENHANCED MESSAGE-----