-----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, Qi5CFQMzANSIvjmDQyHFKh9dlTXv2AZGfciXhXyJagUYsxCQisg/aToCgwwieNYq pkYLDq2oENppmIGN0rpnrQ== 0001047469-02-003979.txt : 20021121 0001047469-02-003979.hdr.sgml : 20021121 20021121165125 ACCESSION NUMBER: 0001047469-02-003979 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021121 GROUP MEMBERS: LOUIS HABASH SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COST U LESS INC CENTRAL INDEX KEY: 0000851368 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 911615590 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55977 FILM NUMBER: 02836407 BUSINESS ADDRESS: STREET 1: 8160 304TH AVENUE SE STREET 2: BLDG 3 SUITE A CITY: PRESTON STATE: WA ZIP: 98005 BUSINESS PHONE: 4256444241 MAIL ADDRESS: STREET 1: 8160 304TH AVENUE SE STREET 2: BLDG 3 SUITE A CITY: PRESTON STATE: WA ZIP: 98005 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ASSI INC CENTRAL INDEX KEY: 0001020339 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 880353609 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5076 SPYGLASS HILL DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89122 BUSINESS PHONE: 7024317232 MAIL ADDRESS: STREET 1: 5076 SPYGLASS HILL DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89122 SC 13D/A 1 a2094455zsc13da.htm SC 13D/A
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)

Cost-U-Less, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

221492 10 1
(CUSIP Number)

Allyn R. Burroughs
3 Civic Plaza, Suite 200
Newport Beach, CA 92660
(Name, address, and telephone number of Person
authorized to Receive Notices and Communications)

November 14, 2002
(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.    o

        Check the following box if a fee is being paid with the statement.    o

CUSIP No.    221492 10 1   13D   Page 2 of 5 Pages

1   NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 ASSI, INC.
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  o
                (b)  o
3   SEC USE ONLY

 		           
4   SOURCE OF FUNDS
 WC
5   CHECK BOX IS DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
                o
6   CITIZENSHIP OR PLACE OF ORGANIZATION
 NEVADA
NUMBER OF
SHARES		   7   SOLE VOTING POWER
 234,100		    
BENEFICIALLY  
OWNED BY
EACH REPORTING		   8   SHARED VOTING POWER
 None		    
PERSON WITH  
        9   SOLE DISPOSITIVE POWER
 234,100		    
       
        10   SHARED DISPOSITIVE POWER
 None		    
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 234,100
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES    
                o
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 6.5%
14   TYPE OF REPORTING PERSON
 CO
CUSIP No.    221492 10 1   13D   Page 3 of 5 Pages

1   NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 LOUIS HABASH
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  o
                (b)  o
3   SEC USE ONLY

 		           
4   SOURCE OF FUNDS
 PF
5   CHECK BOX IS DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
                o
6   CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
NUMBER OF
SHARES		   7   SOLE VOTING POWER
 None		    
BENEFICIALLY  
OWNED BY
EACH REPORTING		   8   SHARED VOTING POWER
 234,100		    
PERSON WITH  
        9   SOLE DISPOSITIVE POWER
 None		    
       
        10   SHARED DISPOSITIVE POWER
 234,100		    
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 234,100
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES    
                o
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 6.5%
14   TYPE OF REPORTING PERSON
 IN


STATEMENT ON SCHEDULE 13D

        This Amendment No. 1 to Schedule 13D is filed by ASSI, Inc., a Nevada corporation ("ASSI"), and Louis Habash ("Habash"), to amend and update the Schedule 13D dated April 5, 2002 (the "Original Schedule 13D"). All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Original Schedule 13D. Items not included in this Amendment are either not amended or not applicable.

        The purpose of this Amendment No. 1 is to reflect the acquisition by ASSI of 50,300 shares of Common Stock of the Company in an open market purchase on November 14, 2002.


Item 3.    Source and Amount of Funds or Other Consideration.

        Item 3 is amended to read as follows:

        ASSI owns 234,100 shares of Common Stock. All funds used by ASSI to purchase the 234,100 shares were working capital funds. Habash, as sole shareholder of ASSI, beneficially owns all of the shares owned by ASSI.


Item 5.    Interest in Securities of the Issuer.

        Item 5 is amended to read as follows:

        (a) As of the date of this Schedule, ASSI was the record and beneficial owner of 234,100 shares of Common Stock, representing approximately 6.5% of the 3,606,376 outstanding shares of Common Stock based upon the information in the Company's Quarterly Report on Form 10-Q for the quarter ended September 29, 2002.

        As sole shareholder of ASSI, Habash beneficially owns all of the shares of Common Stock beneficially owned by ASSI. Burroughs and James are not the beneficial owner of any shares of Common Stock and specifically disclaim any beneficial ownership in the shares of Common Stock beneficially owned by ASSI.

        (b) ASSI has sole power to vote or direct the vote and to dispose or direct the disposition of the 234,100 shares of Common Stock beneficially owned by it. Habash, as sole shareholder of ASSI, shares the power to vote or direct the vote, and to dispose or direct the disposition of, the Common Stock beneficially owned by ASSI.

        (c) On November 14, 2002, ASSI purchased 50,300 shares in an open market transaction at a price of $1.54 per share.

        (d) - - (e) Not applicable.

Page 4 of 5 Pages


SIGNATURES

        After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

Dated: November 20, 2002      
    ASSI, INC.
       

 
 
By:
/s/  LOUIS HABASH      
Louis Habash, President
       

 
 
/s/  LOUIS HABASH      
Louis Habash

Page 5 of 5 Pages



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STATEMENT ON SCHEDULE 13D
SIGNATURES
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