-----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, G/fdUqmEsZGC7KBeZXctpcyIF55gIHunMLUYGca58TfudAg3IzCZeBWrmKvoMPbz c3hrJkba43gO1yjqGQ5Hpw== 0001437749-10-000783.txt : 20100325 0001437749-10-000783.hdr.sgml : 20100325 20100324194738 ACCESSION NUMBER: 0001437749-10-000783 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100325 DATE AS OF CHANGE: 20100324 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRIST MARK CENTRAL INDEX KEY: 0001269693 FILING VALUES: FORM TYPE: SC 13D/A SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TBC GLOBAL NEWS NETWORK, INC. CENTRAL INDEX KEY: 0001099234 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-VIDEO TAPE RENTAL [7841] IRS NUMBER: 541838089 STATE OF INCORPORATION: NV FISCAL YEAR END: 1209 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78506 FILM NUMBER: 10702931 BUSINESS ADDRESS: STREET 1: 1535 BLACKJACK ROAD CITY: FRANKLIN STATE: KY ZIP: 42134 BUSINESS PHONE: 2705980395 MAIL ADDRESS: STREET 1: 1535 BLACKJACK ROAD CITY: FRANKLIN STATE: KY ZIP: 42134 FORMER COMPANY: FORMER CONFORMED NAME: GAMEZNFLIX INC DATE OF NAME CHANGE: 20040409 FORMER COMPANY: FORMER CONFORMED NAME: POINT GROUP HOLDINGS INCORP DATE OF NAME CHANGE: 20030224 FORMER COMPANY: FORMER CONFORMED NAME: SYCONET COM INC DATE OF NAME CHANGE: 20000119 SC 13D/A 1 crist_sc13da2-032410.htm SCHEDULE 13D, AMENDMENT 2 crist_sc13da2-032410.htm
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)


TBC GLOBAL NEWS NETWORK, INC.
(Name of Issuer)

COMMON STOCK
(Title of Class of Securities)

872184-10-6
(CUSIP Number)
 
Glenn W. McMachen, Sr.
TBC Global News Network, Inc.
130 West Kentucky Avenue
Franklin, Kentucky 42134
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 22, 2010
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13C, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box [  ].

1.  Names of Reporting Persons. S.S or I.R.S. Identification Nos. of Above Persons (entities only):  Mark Crist.

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

(b)


3.  SEC Use Only:


4.  Source of Funds (See Instructions):
     OO

5.  Check if Disclosure of  Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):


 
1

 
 
6.  Citizenship or Place of Organization:  United States

Number of Shares Beneficially Owned by Each Reporting Person With:

7.  Sole Voting Power: 50,050,000
 
8.  Shared Voting Power:  0
 
9.  Sole Dispositive Power:  50,050,000

10. Shared Dispositive Power:  0

11. Aggregate Amount Beneficially Owned by the Reporting Persons (combined): 50,050,000
 
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares: _______
 
13. Percent of Class Represented by Amount in Row (11):  1.17% (as of March 22, 2010)

14.  Type of Reporting Person:  IN
 
ITEM 1.    SECURITY AND ISSUER.

TBC Global News Network, Inc.
Common Stock, $0.001 par value
130 West Kentucky Avenue
Franklin, Kentucky 42134

ITEM 2.    IDENTITY AND BACKGROUND.
 
(a)
Mark Crist.

(b)
10034 East Redfield Drive, Scottsdale, Arizona 85260.
 
 
(c)
Occupation: former director of the Issuer, which is now in the boat business.

(d)
During the last five years, such person has not been convicted in a criminal proceeding.

(e)
During the last five years, such person was a not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction

(f)
Citizenship: United States.

ITEM 3.    SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

On March 22, 2010, Mr. Crist returned 50,050,000 shares of common stock owned by him to the Issuer for cancellation and return to treasury in connection with the transaction described in Item 6 below.
 
 
2

 

ITEM 4.    PURPOSE OF TRANSACTION.

See Item 3 above.

ITEM 5.    INTEREST IN SECURITIES OF THE ISSUER.

(a)
50,050,000 shares owned by Mr. Crist under the beneficial ownership rules of the Securities and Exchange Commission.  This amount represents, as of March 22, 2010, 1.17% of the outstanding common stock of the Issuer.

(b)
Mr. Crist has sole voting and dispositive power with respect to 50,050,000 shares reported.

(c)
Transactions in the class of securities reported on that were effected during the past sixty days or since the most recent filing of Schedule 13D, whichever is less: None.

(d)
No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.

(e)
If applicable, state the date on which the reporting person ceased to be the beneficial owner of more than five percent of the class of securities: March 22, 2010.

ITEM 6.    CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

On March 19, 2010, the Company entered into a Purchase and Sale Agreement (“Agreement”) with Sterling Yacht Sales, Inc., and it stockholders, Glenn W. McMachen, Sr., and Arlene McMachen.  Under the terms of this agreement, the Company is acquiring 100% of the issued and outstanding common stock of Sterling.  In return, the Company will issue restricted shares of Company common stock to Sterling’s stockholders in an aggregate amount resulting in an 82.5% ownership of the Company by those individuals.  Under the terms of the Agreement, all of the then current directors of the Issuer agreed to forfeit and return to the Issuer 50% of their current Company common stock holdings.  As a result, Mr. Crist returned 50,050,000 shares of common stock to the Issuer
 
ITEM  7.    MATERIAL TO BE FILED AS EXHIBITS.

Purchase and Sale Agreement between TBC Global News Network, Inc., on the one hand, and Sterling Yacht Sales, Inc., Glenn W. McMachen, Sr., and Arlene McMachen, on the other hand, dated March 19, 2010 (attached as Exhibit 10 to the Form 8-K filed on March 24, 2010).
 
 
3

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the above information set forth in this statement is true, complete and correct.
 
    Mark Crist  
       
Date: March 24, 2010   
 
/s/ Mark Crist  

 
4
-----END PRIVACY-ENHANCED MESSAGE-----