SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Bluefin Capital LLC (Last) (First) (Middle) ONE NORTH CLEMATIS STREET SUITE 300 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol TALON INTERNATIONAL, INC. [ TALN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/19/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.001 per share	11/19/2007		J(1)		250,000	A	(1)	1,750,000(1)(3)(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Warrant (right to buy)	$0.95	11/19/2007		S(2)			700,000	(2)	06/27/2012	Common Stock	700,000	(2)	0(2)(3)(4)	D
Common Stock Warrant (right to buy)	$1.05	11/19/2007		S(2)			700,000	(2)	06/27/2012	Common Stock	700,000	(2)	0(2)(3)(4)	D
Common Stock Warrant (right to buy)	$1.14	11/19/2007		S(2)			700,000	(2)	06/27/2012	Common Stock	700,000	(2)	0(2)(3)(4)	D
Common Stock Warrant (right to buy)	$0.75	11/19/2007		P(2)		2,100,000		11/19/2007	06/27/2012	Common Stock	2,100,000	(2)	2,100,000(2)(3)(4)	D

1. Name and Address of Reporting Person* Bluefin Capital LLC (Last) (First) (Middle) ONE NORTH CLEMATIS STREET SUITE 300 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ComVest Capital, LLC (Last) (First) (Middle) ONE NORTH CLEMATIS STREET SUITE 300 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* COMVEST CAPITAL MANAGEMENT LLC (Last) (First) (Middle) ONE NORTH CLEMATIS STREET SUITE 300 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ComVest Group Holdings, LLC (Last) (First) (Middle) ONE NORTH CLEMATIS STREET SUITE 300 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* FALK MICHAEL (Last) (First) (Middle) ONE NORTH CLEMATIS STREET SUITE 300 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. As consideration for Amendment No. 2 to the Revolving Credit and Term Loan Agreement, dated as of June 27, 2007, as amended by Amendment No. 1, dated July 30, 2007 (collectively, the "Loan Agreement"), by and between the Reporting Person and Talon International, Inc. (the "Issuer"), the Issuer agreed to issue to the Reporting Person 250,000 shares of its common stock and to reduce the exercise price of warrants held by the Reporting Person (described in Note 2 below).

2. The reported transactions involve the amendment of three Warrants (the "Original Warrants"), issued by the Issuer to the Reporting Person on June 27, 2007, which resulted in the deemed cancellation of the Original Warrants and the deemed issuance of a replacement warrant. The Original Warrants were amended such that the exercise price per share with respect to all of the warrant shares was reduced to $0.75.

3. The Reporting Person is a Delaware limited liability company. The managing member of the Reporting Person is ComVest Capital, LLC ("ComVest"), a Delaware limited liability company, the managing member of which is ComVest Capital Management, LLC ("Management"). ComVest Group Holdings, LLC ("CGH") is the managing member of Management and Michael Falk ("Falk") is the Chairman and principal member of CGH. ComVest, Management, CGH and Falk, all of whom maintain offices at the same address as the Reporting Person, are filing this Form 4 jointly with the Reporting Person. As of the date hereof, the Reporting Person directly beneficially owns 3,850,000 securities (including 1,750,000 non-derivative securities and 2,100,000 derivative securities). ComVest, as managing member of the Reporting Person, indirectly beneficially owns such securities. (Continued in footnote 4)

4. Management and CGH, as the managing members of ComVest and Management, respectively, indirectly beneficially own such securities. Falk, by virtue of his status as Chairman and principal member of CGH, may be deemed to have indirect beneficial ownership of the securities owned by the Reporting Person. However, Falk disclaims any beneficial ownership of such securities, and the filing of this Form 4 shall not be deemed an admission that Falk is, for purposes of Section 16 of the Securities Exchange Act or otherwise, the beneficial owner of any securities covered by this Form 4.

	Bluefin Capital, LLC By: ComVest Capital, LLC, its managing member By: /s/ Cecilio M. Rodriguez	02/13/2008
	ComVest Capital, LLC By: ComVest Capital Management LLC, its managing member By: /s/ Cecilio M. Rodriguez	02/13/2008
	ComVest Capital Management LLC By: /s/ Cecilio M. Rodriguez	02/13/2008
	ComVest Group Holdings, LLC By: /s/ Cecilio M. Rodriguez	02/13/2008
	/s/ Michael S. Falk	02/13/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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