SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Sigma Opportunity Fund LLC (Last) (First) (Middle) C/O SIGMA CAPITAL ADVISORS, LLC 800 THIRD AVENUE, SUITE 1701 (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 01/29/2007	3. Issuer Name and Ticker or Trading Symbol AVATECH SOLUTIONS INC [ AVSO ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,646,518	D(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants (Right to Buy)	06/14/2006	06/14/2010	Common Stock	300,000	$2	D(1)
Warrants (Right to Buy)	01/29/2007	01/29/2011	Common Stock	591,911	$1.5205	D(1)
Warrants (Right to Buy)	01/29/2007	01/29/2011	Common Stock	75,000	$1.5205	I(2)	By Sigma Capital Advisors

1. Name and Address of Reporting Person* Sigma Opportunity Fund LLC (Last) (First) (Middle) C/O SIGMA CAPITAL ADVISORS, LLC 800 THIRD AVENUE, SUITE 1701 (Street) NEW YORK NY 10022 (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* Sigma Capital Advisors, LLC (Last) (First) (Middle) 800 THIRD AVENUE (Street) NEW YORK NY 10022 (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* Sigma Capital Partners, LLC (Last) (First) (Middle) 800 THIRD AVENUE (Street) NEW YORK NY 10022 (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. This Form 3 is filed jointly by Sigma Opportunity Fund, LLC ("Sigma Fund"), Sigma Capital Advisors, LLC ("Sigma Advisors") and Sigma Capital Partners, LLC ("Sigma Partners"). These securities are owned directly by Sigma Fund and may be deemed to be beneficially owned indirectly by Sigma Advisors by virtue of Sigma Advisors being the managing member of Sigma Fund and by Sigma Partners by virtue of Sigma Partners being the sole member of Sigma Advisors. Sigma Advisors and Sigma Partners disclaim beneficial ownership of the shares owned by Sigma Fund except to the extent of their pecuniary interest therein.

2. These securities are owned directly by Sigma Advisors and may be deemed to be beneficially owned indirectly by Sigma Partners by virtue of Sigma Partners being the sole member of Sigma Advisors. Sigma Partners disclaims beneficial ownership of the securities owned by Sigma Advisors except to the extent of its pecuniary interest therein.

	Sigma Opportunity Fund, LLC, By: Sigma Capital Advisors, LLC, By: /s/Thom Waye, Manager	02/08/2007
	Sigma Capital Advisors, LLC, By: /s/Thom Waye, Manager	02/08/2007
	Sigma Capital Partners, LLC, By: /s/Thom Waye, Sole Member	02/08/2007
	** 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 5 (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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