-----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, I0RqM42Cb9BJ6L7v+NKSWCoc3UIDEnqWxx2nONGdoChHF8ViqkIX24ZOaDHKWOSL DYtNrt+85+jK2ZLfm3eMag== 0001144204-06-000180.txt : 20060104 0001144204-06-000180.hdr.sgml : 20060104 20060104100335 ACCESSION NUMBER: 0001144204-06-000180 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060104 DATE AS OF CHANGE: 20060104 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: APPLIED SPECTRUM TECHNOLOGIES INC CENTRAL INDEX KEY: 0000705868 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 411419457 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-39162 FILM NUMBER: 06504675 BUSINESS ADDRESS: STREET 1: 65 NORWOOD AVENUE CITY: UPPER MONTCLAIR STATE: NJ ZIP: 07043 BUSINESS PHONE: 9737831117 MAIL ADDRESS: STREET 1: 65 NORWOOD AVENUE CITY: UPPER MONTCLAIR STATE: NJ ZIP: 07043 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KI EQUITY PARTNERS III LLC CENTRAL INDEX KEY: 0001340756 IRS NUMBER: 870740285 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 5251 DTC PARKWAY STREET 2: SUITE 1090 CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: 720 889 0131 MAIL ADDRESS: STREET 1: 5251 DTC PARKWAY STREET 2: SUITE 1090 CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 SC 13D 1 v032564_sc13d.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D The Securities Exchange Act of 1934 APPLIED SPECTRUM TECHNOLOGIES, INC. ----------------------------------- (Name of Issuer) Common Stock, $0.001 Par Value ------------------------------ (Title Class of Securities) 038243 30 9 ----------- (CUSIP Number) KI Equity Partners III, LLC 5251 DTC Parkway, Suite 1090 Greenwood Village, CO 80111 (720) 889-0131 -------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 29, 2005 ----------------- (Date of Event Which Requires Filing of This Statement) - -------------------------------------------------------------------------------- (1) Name of Reporting Person / I.R.S. Identification Number KI Equity Partners III, LLC / 87-0740288 - -------------------------------------------------------------------------------- (2) Check the appropriate box if may be deemed member of a group (a) |_| (b) |_| - -------------------------------------------------------------------------------- (3) SEC use only - -------------------------------------------------------------------------------- (4) Source of funds (see instructions) WC - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- (6) Citizenship or place of organization Delaware - -------------------------------------------------------------------------------- Number (7) Sole voting power of shares beneficially 3,781,302 owned by --------------------------------------------------------------- Reporting (8) Shared voting power Person with: 0 --------------------------------------------------------------- (9) Sole dispositive power 3,781,302 --------------------------------------------------------------- (10) Shared dispositive power 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by Reporting Person 3,781,302 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). N/A - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11) 81.25% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions) OO - Limited Liability Company - -------------------------------------------------------------------------------- Item 1. Security and Issuer. (a) Title of Class: Common Stock (b) Name and Address of Issuer: Applied Spectrum Technologies, Inc. 936A Beachland Boulevard, Suite 13 Vero Beach, Florida 32963 (c) Trading Symbol: APSP Item 2. Identity and Background of the Reporting Entity. (a) Name: KI Equity Partners III, LLC (b) Business Address: 5251 DTC Parkway, Suite 1090 Greenwood Village, CO 80111 (c) Occupation: Institutional Investor (d) Conviction: N/A (e) Civil Proceedings: N/A (f) State of Incorporation: Delaware Item 3. Source and Amount of Funds or Other Consideration. The Reporting Entity, on December 29, 2005, acquired 2,281,302 shares of the Issuer's Common Stock from a certain third party in exchange for a purchase price of $175,000. On January 4, 2006, the Reporting Entity acquired 1,500,000 shares of the Issuer's Common Stock from the Issuer for a purchase price of $75,000. The funds used for both of these purchases have been provided from the Reporting Entity's working capital. Item 4. Purpose of Transaction. Reporting Person is making these purchases of Issuer's Common Shares for investment purposes only. The Reporting Person is not a member of a group relating to the Issuer. Other than as described in this Schedule 13D, the Reporting Person is not aware of any plans or proposals which would result in the acquisition by any person of additional securities of Issuer or the disposition of securities of the Issuer; any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; any change in the present board of directors or management of the Issuer, including any place or proposals to change the number or term of directors or to fill any existing vacancies on the Issuer's Board; any material change in the present capitalization or dividend policy of the Issuer; any other material change in the Issuer's business or corporate structure; any changes in Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; causing a class of securities of the Issuer to be delisted from national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the Act; or any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer. (a) Aggregate Number and %: 3,781,302 Common Shares representing 81.25% of the total 4,653,941 outstanding Common Shares of the Issuer. (b) Power to Vote or Dispose of Issuer's Shares: 3,781,302 Common Shares, power over which to vote or dispose of resides with the Reporting Person. (c) Transactions Within Prior 60 Days: No transactions have been effected between the Issuer and the Reporting Person beyond those described in Items 3 and 4 specifically and this Schedule 13D generally. Information contained in Items 3 and 4 above is hereby incorporated by reference. Item 6. Contracts, Arrangements, Understanding or Relationships With Respect to Securities of the Issuer. Other than the foregoing, there are no contracts, arrangements, understandings or relationships not described herein. Item 7. Material to be Filed as Exhibits. None Signature After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies he is Timothy J. Keating, the duly authorized and acting manager of the Reporting Person, and that the information set forth in this Schedule 13D is true, complete and correct. Dated: January 4, 2006 /s/ Timothy J. Keating ---------------------- Timothy J. Keating Manager -----END PRIVACY-ENHANCED MESSAGE-----