-----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, Bidd6GQVRTnf5FxuFrldsg7QDJJW5UoKPpUDC5fFv12PWzRkV4DGgvN/4QzXmo6x 8o/sWDAkZXKG86eNdT33pw== 0001144204-04-001126.txt : 20040210 0001144204-04-001126.hdr.sgml : 20040210 20040210134331 ACCESSION NUMBER: 0001144204-04-001126 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20040210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARADIGM MEDICAL INDUSTRIES INC CENTRAL INDEX KEY: 0000916444 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 870459536 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-51167 FILM NUMBER: 04581103 BUSINESS ADDRESS: STREET 1: 2355 SOUTH 1070 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84119 BUSINESS PHONE: 8019778970 MAIL ADDRESS: STREET 1: 2355 SOUTH 1070 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84119 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRESCENT INTERNATIONAL LTD CENTRAL INDEX KEY: 0001075643 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O GREENLIGHT(SWITZERLAND)SA STREET 2: 84 AVE LOUIS CASAI, 1216 COINTRIN/GENEVA CITY: SWITZERLAND BUSINESS PHONE: 41227917170 MAIL ADDRESS: STREET 1: 2 CHURCH STREET STREET 2: HAMILTON H 11 CITY: BERMUDA STATE: D0 ZIP: 00000 SC 13G 1 paradigm.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- SCHEDULE 13G Information to be included in Statements filed pursuant to Rule 13d-1(b), (c) AND (d) ---------- Paradigm Medical Industries, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 69900Q108 - -------------------------------------------------------------------------------- (CUSIP Number) September 2, 2003 - -------------------------------------------------------------------------------- (Date of event which requires filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) (Continued on following pages) (Page 1 of 10 Pages)
Page 2 of 10 - ------- ----------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Crescent International Ltd. - ------- ----------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - ------- ----------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ------- ----------------------------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Bermuda - ------------------------- ---- ------------------------------------------------------------------------------ NUMBER OF SHARES 5. SOLE VOTING POWER BENEFICIALLY OWNED BY 1,687,443 EACH REPORTING PERSON WITH - ------------------------- ---- ------------------------------------------------------------------------------ 6. SHARED VOTING POWER None. - ------------------------- ---- ------------------------------------------------------------------------------ 7. SOLE DISPOSITIVE POWER 1,687,443 - ------------------------- ---- ------------------------------------------------------------------------------ 8. SHARED DISPOSITIVE POWER None. - -------- ---------------------------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,687,443 - -------- ---------------------------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------- ---------------------------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.75% - -------- ---------------------------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: OO - -------- ----------------------------------------------------------------------------------------------------
Page 3 of 10 - ------- ----------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DMI Trust - ------- ----------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - ------- ----------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ------- ----------------------------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Bahamas - ------------------------- ---- ------------------------------------------------------------------------------ NUMBER OF SHARES 5. SOLE VOTING POWER BENEFICIALLY OWNED BY 1,687,443 EACH REPORTING PERSON WITH - ------------------------- ---- ------------------------------------------------------------------------------ 6. SHARED VOTING POWER None. - ------------------------- ---- ------------------------------------------------------------------------------ 7. SOLE DISPOSITIVE POWER 1,687,443 - ------------------------- ---- ------------------------------------------------------------------------------ 8. SHARED DISPOSITIVE POWER None. - -------- ---------------------------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,687,443 - -------- ---------------------------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------- ---------------------------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.75% - -------- ---------------------------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: OO - -------- ----------------------------------------------------------------------------------------------------
Page 4 of 10 - ------- ----------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GreenLight (Switzerland) SA - ------- ----------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - ------- ----------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ------- ----------------------------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Switzerland - ------------------------- ---- ------------------------------------------------------------------------------ NUMBER OF SHARES 5. SOLE VOTING POWER BENEFICIALLY OWNED BY 1,687,443 EACH REPORTING PERSON WITH - ------------------------- ---- ------------------------------------------------------------------------------ 6. SHARED VOTING POWER None. - ------------------------- ---- ------------------------------------------------------------------------------ 7. SOLE DISPOSITIVE POWER 1,687,443 - ------------------------- ---- ------------------------------------------------------------------------------ 8. SHARED DISPOSITIVE POWER None. - -------- ---------------------------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,687,443 - -------- ---------------------------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------- ---------------------------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.75% - -------- ---------------------------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: OO - -------- ----------------------------------------------------------------------------------------------------
Item 1(a). Name of Issuer. Paradigm Medical Industries, Inc. ("PMED") Item 1(b). Address of Issuer's Principal Executive Offices. 2355 South 1070 West Salt Lake City, UT 84119 Item 2(a). Names of Person Filing. (i) Crescent International Limited ("Crescent") (ii) DMI Trust ("DMI") (iii) GreenLight (Switzerland) SA ("GreenLight") Item 2(b). Address of Principal Business Office, or if none, Residence. As to Crescent: Clarendon House 2 Church Street Hamilton H 11 Bermuda As to DMI: Norfolk House P.O. Box N-7139 Bahamas As to GreenLight: 84, av. Louis Casai CH-1216 Cointrin, Geneva Switzerland Item 2(c). Citizenship. As to Crescent: Bermuda As to DMI: Bahamas As to GreenLight: Switzerland Item 2(d). Title of Class of Securities. Common Stock, $.001 par value. Item 2(e). CUSIP Number. 69900Q108 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check whether the person filing is a: Not applicable. Item 4. Ownership. The information contained in Items 5 though 11 on the cover pages hereto is incorporated herein by reference. The 1,687,443 shares of Common Stock beneficially owned by Crescent includes 294,118 shares of Common Stock which Crescent has the current right to purchase pursuant to a warrant held by Crescent. DMI may be deemed to be a beneficial owner of the shares of Common Stock of PMED beneficially owned by Crescent by reason of the ownership by DMI of 100 percent of the capital stock of Crescent. GreenLight serves as principal investment manager to Crescent, and as such has been granted investment discretion over investments including the PMED Common Stock. As a result of its role as investment manager to Crescent, GreenLight may be deemed to be the beneficial owner, as defined in Rule 13d-3 under the Act, of PMED Common Stock held by Crescent. However, GreenLight does not have the right to receive any dividends from, or the proceeds from the sale of, the PMED Common Stock held by Crescent and disclaims any ownership associated with such rights. Accordingly, for the purposes of this Statement: (i) Crescent is reporting that it has the power solely to vote or direct the vote and the power to dispose or direct the disposition of, the total of 1,687,443 shares of Common Stock beneficially owned by it; (ii) DMI is reporting that it shares the power to vote or direct the vote and the power to dispose or direct the disposition of, the total of 1,687,443 shares of Common Stock beneficially owned by it; and (iii) GreenLight is reporting that it shares the power solely to vote or direct the vote and the power to dispose or direct the disposition of, the total of 1,687,443 shares of Common Stock beneficially owned by it. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction which could have that purpose or effect. 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. Date: February 5, 2004 CRESCENT INTERNATIONAL LIMITED By: GreenLight (Switzerland) SA, as Attorney-in-Fact By: /s/ Mel Craw ------------------------------------------ Name: Mel Craw Title: Authorized Signatory By: /s/ Maxi Brezzi ------------------------------------------ Name: Maxi Brezzi Title: Authorized Signatory DMI TRUST By: GreenLight (Switzerland) SA, as Attorney-in-Fact By: /s/ Mel Craw ------------------------------------------ Name: Mel Craw Title: Authorized Signatory By: /s/ Maxi Brezzi ------------------------------------------ Name: Maxi Brezzi Title: Authorized Signatory GREENLIGHT (SWITZERLAND) SA By: /s/ Mel Craw ------------------------------------------ Name: Mel Craw Title: Managing Director By: /s/ Maxi Brezzi ------------------------------------------ Name: Maxi Brezzi Title: Director Exhibit Index 99.1 Agreement of Joint Filing - Filed herewith 99.2 Power of Attorney - Filed herewith 99.3 Power of Attorney - Filed herewith EX-99.1 3 ex99_1.txt EXHIBIT 99.1 AGREEMENT OF JOINT FILING Crescent International Limited, DMI Trust and GreenLight (Switzerland) SA agree that the schedule 13G to which this Agreement is attached, and all future amendments to such Schedule 13G, shall be filed on behalf of each of them. This Agreement is intended to satisfy the requirements of Rule 13d-l (k)(l) under the Securities Exchange Act of 1934, as amended. This agreement may be executed in any number of counterparts, each of which shall be deemed to be in original, but all of which together shall constitute one and the same instrument. Date: February 5, 2004 CRESCENT INTERNATIONAL LIMITED By: GreenLight (Switzerland) SA, as Attorney-in-Fact By: /s/ Mel Craw ------------------------------------------- Name: Mel Craw Title: Authorized Signatory By: /s/ Maxi Brezzi ------------------------------------------- Name: Maxi Brezzi Title: Authorized Signatory DMI TRUST By: GreenLight (Switzerland) SA, as Attorney-in-Fact By: /s/ Mel Craw ------------------------------------------- Name: Mel Craw Title: Authorized Signatory By: /s/ Maxi Brezzi ------------------------------------------- Name: Maxi Brezzi Title: Authorized Signatory GREENLIGHT (SWITZERLAND) SA By: /s/ Mel Craw ------------------------------------------- Name: Mel Craw Title: Managing Director By: /s/ Maxi Brezzi ------------------------------------------- Name: Maxi Brezzi Title: Director EX-99.2 4 ex99_2.txt EXHIBIT 99.2 POWER OF ATTORNEY CRESCENT INTERNATIONAL LTD. of Hamilton, Bermuda, a company incorporated in the Islands of Bermuda (the "principal") hereby makes, constitutes and appoints GREENLIGHT (SWITZERLAND) SA, acting through any authorized officer, as its agent and attorney-in-fact for the purpose of executing in its name all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic or governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities or other investments, and any other documents relating to or ancillary thereto, including but not limited to, all documents relating to filings with the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and the rules and regulations promulgated thereunder, including without limitation all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act, including without limitation, any acquisition statements on Schedule 13D, or Schedule 13G, and any amendments thereto, any joint filing agreements pursuant to Rule 13d-l(k), and any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5. All past acts of the attorney -in-fact in furtherance of the foregoing are hereby ratified and confirmed. This power of attorney shall be valid from the date hereof until revoked by Crescent International Limited. AND the Principal further declares that all and every of the acts, deeds and things done by the Attorney for the aforesaid purposes shall be good, valid and effectual as if the same had been signed, sealed and delivered, given, made or done by the Principal and the Principal undertakes at all times hereafter to ratify and confirm whatsoever the Attorney shall lawfully do or cause to be done by virtue of this POWER OF ATTORNEY and the Principal further declares that this POWER OF ATTORNEY shall be irrevocable for the purposes aforesaid. IN WITNESS WHEREOF the Common Seal of CRESCENT INTERNATIONAL LIMITED was hereunto affixed this 10th day of February, 2003 at the City of Hamilton in the Islands of the Bermuda in the presence of: By: /s/ C.F.A. Cooper ------------------------------------- Name: C.F.A. Cooper Title: Director By: /s/ E. John Thompson ------------------------------------- Name: E. John Thompson Title: Director EX-99.3 5 ex99_3.txt EXHIBIT 99.3 POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that DMI TRUST hereby makes, constitutes and appoints GREENLIGHT (SWITZERLAND) SA, acting through any authorized officer, as its agent and attorney-in-fact for the purpose of executing in its name all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic or governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to Crescent International Limited's acquisition, ownership, management or disposition of securities or other investments, and any other documents relating to or ancillary thereto, including but not limited to, all documents relating to Crescent International Limited's filings with the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and the rules and regulations promulgated thereunder, including without limitation all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act, including without limitation, any acquisition statements on Schedule 13D, or Schedule 13G, and any amendments thereto, any joint filing agreements pursuant to Rule 13d-l(k), and any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5. All past acts of the attorney-in-fact in furtherance of the foregoing are hereby ratified and confirmed. This power of attorney shall be valid from the date hereof until revoked by DMI TRUST. IN WITNESS WHEREOF the undersigned has executed this instrument as of the 10th day of February, 2003. DMI TRUST By: /s/ Khalid Abdulla-Janahi ----------------------------------------- Name: Khalid Abdulla-Janahi Title: Authorized Signatory By: /s/ Graham Walker ----------------------------------------- Name: Graham Walker Title: Authorized Signatory -----END PRIVACY-ENHANCED MESSAGE-----