-----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, S2Eoghmp7HbH+kIyVaasAJkIYrLAJ6/XZtc5AaS6TbNVwyw0pE7BYADKTckMymN+ eHhe1wYQzP9Umh7vd+6flg== 0001144204-05-000713.txt : 20050110 0001144204-05-000713.hdr.sgml : 20050110 20050110120450 ACCESSION NUMBER: 0001144204-05-000713 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050110 DATE AS OF CHANGE: 20050110 GROUP MEMBERS: MARK ANGELO GROUP MEMBERS: YORKVILLE ADVISORS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MOBILEPRO CORP CENTRAL INDEX KEY: 0000769592 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 870419571 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37636 FILM NUMBER: 05520058 BUSINESS ADDRESS: STREET 1: 6701 DEMOCRACY BOULEVARD STREET 2: SUITE 300 CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 301-315-9040 MAIL ADDRESS: STREET 1: 6701 DEMOCRACY BOULEVARD STREET 2: SUITE 300 CITY: BETHESDA STATE: MD ZIP: 20817 FORMER COMPANY: FORMER CONFORMED NAME: CRAFTCLICK COM INC DATE OF NAME CHANGE: 20000208 FORMER COMPANY: FORMER CONFORMED NAME: BUYIT COM INC DATE OF NAME CHANGE: 19990504 FORMER COMPANY: FORMER CONFORMED NAME: TECON INC /UT/ DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CORNELL CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0001132874 IRS NUMBER: 134150836 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O MCGUIRE WOODS LLP STREET 2: 9 WEST 57TH STREET SUITE 1620 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125482100 MAIL ADDRESS: STREET 1: 101 HUDSON STREET STREET 2: SUITE 3606 CITY: JERSEY CITY STATE: NJ ZIP: 07302 SC 13D/A 1 v010971_sc13da.txt Page 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 - -------------------------------------------------------------------------------- AMENDMENT NO. 1 TO SCHEDULE 13D Under the Securities Exchange Act of 1934 MOBILEPRO CORP. --------------- (NAME OF ISSUER) Common Stock ------------ (TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER) Mark Angelo Cornell Capital Partners, LP 101 Hudson Street, Suite 3700 Jersey City, New Jersey 07302 (201) 985-8300 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) Copy To: Mark Angelo 101 Hudson Street, Suite 3700 Jersey City, New Jersey 07302 (201) 985-8300 January 10, 2005 ---------------- (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 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_| Page 2 SCHEDULE 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Cornell Capital Partners LP - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,695,000 WITH -------------------------------------------------------- 8 SHARED VOTING POWER -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 32,695,000 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,695,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 3 SCHEDULE 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Yorkville Advisors, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,695,000 (as General Partner of Cornell WITH Capital Partners, LP) -------------------------------------------------------- 8 SHARED VOTING POWER -0- -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 32,695,000 (as General Partner of Cornell Capital Partners, LP) -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,695,000 (as General Partner of Cornell Capital Partners, LP) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 4 SCHEDULE 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Mark Angelo - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,695,000 (as Portfolio Manager of WITH Cornell Capital Partners, LP and President of Yorkville Advisors, LLC) -------------------------------------------------------- 8 SHARED VOTING POWER -0- -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 32,695,000 (as Portfolio Manager of Cornell Capital Partners, LP and President of Yorkville Advisors, LLC) -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,695,000 (as Portfolio Manager of Cornell Capital Partners, LP and President of Yorkville Advisors, LLC) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- Page 5 ITEM 1. SECURITY AND ISSUER. This statement relates to shares of common stock, par value $0.001 per share (the "Shares"), of MobilePro Corp. a Delaware corporation (the "Issuer"). The principal executive office of the Issuer is located at 6701 Democracy - Suite 300 Bethesda, MD 20817. ITEM 2. IDENTITY AND BACKGROUND. (a)-(c), (f). This statement is being filed by Cornell Capital Partners, LP ("Cornell"), Yorkville Advisors, LLC ("Yorkville") and Mark Angelo ("Angelo") (Cornell, Yorkville and Angelo collectively, the "Reporting Persons"). Cornell, a Delaware limited partnership, whose business address is 101 Hudson Street, Suite 3700, Jersey City, New Jersey 07302, is a private equity fund. Yorkville, a Delaware LLC, whose business address is 101 Hudson Street, Suite 3700, Jersey City, New Jersey 07302 is the General Partner of Cornell. Angelo, whose business address is 101 Hudson Street, Suite 3700, Jersey City, New Jersey 07302 is the Portfolio Manager of Cornell Capital Partners, LP and President of Yorkville. Angelo is a citizen of the United States. (d) and (e). During the last five years, no Reporting Person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction in which the Reporting Person was or is the subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The Shares were acquired pursuant to advances pursuant to the Standby Equity Distribution Agreement dated May 13, 2004 for $0.001. ITEM 4. PURPOSE OF TRANSACTION. Cornell acquired the Shares for investment and not with a view to, or for resale in connection with, any distribution thereof, and the Reporting Persons do not have a present intention of selling, granting any participation in, or otherwise distributing the acquired Shares. The Reporting Persons have no present plans or intentions which would result in or relate to any transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a)-(b) As of January 4, 2005 Cornell was the record and beneficial owner 32,695,000 Shares representing 9% of the issued and outstanding Shares. Yorkville, as the General Partner of Cornell and Angelo as the Portfolio Manager of Cornell Capital Partners, LP and President of Yorkville, may be deemed to have a beneficial ownership in the aforementioned Shares. may be deemed to have a beneficial ownership in the aforementioned Shares. Page 6 Cornell has the sole power to vote and to dispose of all of its Shares. Yorkville, as the General Partner of Cornell, has the sole power to direct the vote and/or to direct the disposition of the Shares directly owned by Cornell. Angelo, as the Portfolio Manager of Cornell Capital Partners, LP and President of Yorkville, has the sole power to direct the vote and/or to direct the disposition of the Shares directly owned by Cornell. (c) Except as follows, none of the Reporting Persons has effected, within the last 60 days, any transactions involving the Shares. Within the last 60 days, Cornell has effected the following transactions involving the Shares: On November 4, 2004, sold 435,000 Shares at a price per share of $0.152 On November 5, 2004, sold 92,677 Shares at a price per share of $0.16 On November 5, 2004, sold 600,000 Shares at a price per share of $0.155 On November 8, 2004, sold 200,000 Shares at a price per share of $0.186 On November 8, 2004, sold 890,000 Shares at a price per share of $0.181 On November 9, 2004, sold 600,000 Shares at a price per share of $0.174 On November 9, 2004, sold 110,000 Shares at a price per share of $0.178 On November 10, 2004, sold 150,000 Shares at a price per share of $0.171 On November 10, 2004, sold 605,340 Shares at a price per share of $0.172 On November 11, 2004, sold 150,000 Shares at a price per share of $0.171 On November 12, 2004, sold 600,000 Shares at a price per share of $0.171 On November 12, 2004, sold 500,000 Shares at a price per share of $0.171 On November 12, 2004, sold 300,000 Shares at a price per share of $0.173 On November 16, 2004, sold 100,000 Shares at a price per share of $0.173 On November 16, 2004, sold 600,000 Shares at a price per share of $0.174 On November 17, 2004, sold 600,000 Shares at a price per share of $0.165 On November 18, 2004, sold 1,000,000 Shares at a price per share of $0.161 On November 19, 2004, sold 300,000 Shares at a price per share of $0.159 On November 23, 2004, sold 300,000 Shares at a price per share of $0.151 On November 24, 2004, sold 200,000 Shares at a price per share of $0.159 On November 24, 2004, sold 500,000 Shares at a price per share of $0.157 On November 26, 2004, sold 500,000 Shares at a price per share of $0.172 On November 29, 2004, sold 80,000 Shares at a price per share of $0.174 On November 29, 2004, sold 100,000 Shares at a price per share of $0.17 On November 29, 2004, sold 100,000 Shares at a price per share of $0.168 On November 30, 2004, sold 100,000 Shares at a price per share of $0.165 On November 30, 2004, sold 100,000 Shares at a price per share of $0.168 On December 1, 2004, sold 100,000 Shares at a price per share of $0.164 On December 1, 2004, sold 200,000 Shares at a price per share of $0.165 On December 2, 2004, sold 500,000 Shares at a price per share of $0.177 On December 2, 2004, sold 183,866 Shares at a price per share of $0.170 On December 3, 2004, sold 200,000 Shares at a price per share of $0.176 On December 3, 2004, acquired 11,428,571 Shares at a price per share of $0.175 Page 7 On December 8, 2004, sold 16,414 Shares at a price per share of $0.163 On December 8, 2004, sold 20,000 Shares at a price per share of $0.167 On December 8, 2004, sold 21,216 Shares at a price per share of $0.161 On December 10, 2004, acquired 8,022,544 Shares at a price per share of $0.175 On December 15, 2004, sold 22,544 Shares at a price per share of $0.168 (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Cornell and the Issuer are parties to the following agreements, dated May 13, 2004, relating to the Shares: Standby Equity Distribution Agreement, Registration Rights Agreement, and Placement Agent Agreement. Except as set forth herein, none of the Reporting Persons has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Company, including, without limitation, any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finders fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits and losses or the giving or withholding of proxies. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1 Joint Filing Agreement. Page 8 SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each certifies that the information set forth in this statement is true, complete and correct. Dated: January 10, 2005 REPORTING PERSONS: ----------------- CORNELL CAPITAL PARTNERS, LP By: Yorkville Advisors, LLC Its: General Partner By: /s/ Mark Angelo ----------------------------------------- Name: Mark Angelo Its: Portfolio Manager YORKVILLE ADVISORS, LLC By: /s/ Mark Angelo ----------------------------------------- Name: Mark Angelo Its: Portfolio Manager /s/ Mark Angelo -------------------------------------------- MARK ANGELO Page 9 JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13D referred to below) on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the common stock par value $0.001 per share, of MobilePro Corp., a Delaware corporation, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of January 10, 2005 REPORTING PERSONS: ----------------- CORNELL CAPITAL PARTNERS, LP By: Yorkville Advisors, LLC Its: General Partner By: /s/ Mark Angelo ----------------------------------------- Name: Mark Angelo Its: Portfolio Manager YORKVILLE ADVISORS, LLC By: /s/ Mark Angelo ----------------------------------------- Name: Mark Angelo Its: Portfolio Manager /s/ Mark Angelo -------------------------------------------- MARK ANGELO -----END PRIVACY-ENHANCED MESSAGE-----