0001167353-11-000003.txt : 20110518 0001167353-11-000003.hdr.sgml : 20110518 20110518080949 ACCESSION NUMBER: 0001167353-11-000003 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110518 DATE AS OF CHANGE: 20110518 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Debut Broadcasting Corporation, Inc. CENTRAL INDEX KEY: 0001254371 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 880417389 STATE OF INCORPORATION: NV FISCAL YEAR END: 0319 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82883 FILM NUMBER: 11853494 BUSINESS ADDRESS: STREET 1: 1209-16TH AVENUE SOUTH STREET 2: SUITE 200 CITY: NASHVILLE STATE: TN ZIP: 37212 BUSINESS PHONE: 615-866-0530 MAIL ADDRESS: STREET 1: 1209-16TH AVENUE SOUTH STREET 2: SUITE 200 CITY: NASHVILLE STATE: TN ZIP: 37212 FORMER COMPANY: FORMER CONFORMED NAME: CALIFORNIA NEWS TECH DATE OF NAME CHANGE: 20030715 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: River Falls Financial Services, LLC CENTRAL INDEX KEY: 0001470668 IRS NUMBER: 205172680 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5050 W. LEMON STREET CITY: TAMPA STATE: FL ZIP: 33609 BUSINESS PHONE: 813-637-2200 MAIL ADDRESS: STREET 1: 5050 W. LEMON STREET CITY: TAMPA STATE: FL ZIP: 33609 SC 13D/A 1 rffs13da2051311.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 2) Debut Broadcasting Corporation, Inc. ----------------------------------- (Name of Issuer) Common Stock, par value $0.003 per share ---------------------------------- (Title of Class of Securities) 24276 P 101 ----------------------------- (CUSIP Number) Anthony R. Russo 222 Grace Church Street, Suite 300 Porchester, NY 10573 914-305-1266 ------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 29, 2011 ----------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the following box /_/. Note: Schedules filed in paper format shall include a signed original and five copies are to be sent. See Section 240.13d-7 for other parties to whom copies are to be sent. * 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 disclosures provided in a prior cover page. The information required on 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). CUSIP No. 24276 P 101 1 NAME OF REPORTING PERSONS River Falls Financial Services, LLC EIN 20-5172680 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) / / 3 SEC USE ONLY 4 SOURCE OF FUNDS . 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/_/ 6 CITIZENSHIP OR PLACE OF ORGANIZATION NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER: 8 SHARED VOTING POWER: 9 SOLE DISPOSITIVE POWER: 10 SHARED DISPOSITIVE POWER: 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /_/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14 TYPE OF REPORTING PERSON OO This Amendment No. 2 amends and supplements the Schedule 13D originally filed by River Falls Financial Services, LLC on October 1, 2009, as amended by Amendment No. 1 filed on November 19, 2010. Item 1. Security and Issuer. Item 1 is amended and supplemented as follows: Anthony R. Russo replaced Ronald Heineman as Manager of River Falls as of April 29, 2011. Mr. Russo is not currently a record owner or beneficial owner of Debut common stock. However, were River Falls to exercise its purchase rights and own Debut common stock, Mr. Russo would be deemed a beneficial owner of such shares pursuant to his authority to vote and divest such shares on behalf of River Falls. Item 2. Identity and background. Item 2 is supplemented and amended as follows: Mr. Russo's principal business address is at 47 Centre Ave., Little Falls, New Jersey. Mr. Russo's principal employment is as CEO of Natural Clinician, LLC, a national provider of dietary supplements to the professional healthcare and medical services provider markets, at the foregoing address. Mr. Russo is manager of River Falls. Item 4. Purpose of transaction. Item 4 is amended and supplemented as follows: Mr. Russo having replaced Mr. Heineman as Manager of River Falls primarily in connection with prospective management of certain of River Falls' other investments and obligations, the reporting person has no plans requiring disclosure hereunder, including any plans to change the composition of Debut's board of directors. Item 5. Interest in Securities of the Issuer. Item 5(a) is amended and restated as follows: (a) Assuming complete exercise of its conversion/option rights, River Falls would own 7,240,000 shares, or 18% of the Debut common stock. Upon any such exercise Mr. Russo would be deemed a beneficial owner of such shares, owing to Mr. Russo's position as manager of River Falls. 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 18, 2011 RIVER FALLS FINANCIAL SERVICES, LLC BY: /s/ Anthony R. Russo ----------------------- Anthony R. Russo, Manager