SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. __________ )(2)
Viseon, Inc.
(Name of Issuer)
Common Stock
(Title of Class of
Securities)
928297 10 0
(CUSIP Number)
Viseon, Inc. Attention: John Harris
8700 N.
Stemmons Freeway, #310, Dallas, Texas 75247
(Name, Address and Telephone Number
of Person
Authorized to Receive Notices and
Communications)
October 8, 2001
(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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box o.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER
___________________________________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Digital Investors, L.L.C. 88-0489429
___________________________________________________________________________________________________________
2 CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
o
(b)
ý
___________________________________________________________________________________________________________
3 SEC
USE ONLY
___________________________________________________________________________________________________________
4 SOURCE
OF FUNDS*
PF
___________________________________________________________________________________________________________
5 Check
Box If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) o
___________________________________________________________________________________________________________
6 CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
NUMBER
OF |
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7 SOLE VOTING POWER |
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2,877,415 |
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8 SHARED VOTING POWER |
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2,877,415 |
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9 SOLE DISPOSITIVE POWER |
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2,877,415 |
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10 SHARED DISPOSITIVE POWER |
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___________________________________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,877,415
___________________________________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
o
___________________________________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.7%
___________________________________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
00
___________________________________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING
OUT!
Item 1. Security and Issuer.
Viseon Common Stock, $0.01
par value
Viseon, Inc.
8700 N. Stemmons Freeway, #310
Dallas, Texas 75247
Item 2. Identity and Background.
Reporting Person |
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Member |
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Member |
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Person
controlling |
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(a) |
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Digital Investors, L.L.C. |
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Digital Trust I |
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Digital Trust II |
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Albert B. Greco, Jr. |
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(b) |
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Digital Investors, L.L.C. |
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16901 N Dallas |
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16901 N Dallas |
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16901 N Dallas |
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2620 S. Maryland |
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Pkwy Suite 230 |
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Pkwy Suite 230 |
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Pkwy Suite 230 |
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Parkway, #309, Las Vegas |
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Addison, Texas |
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Addison, Texas |
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Addison, Texas |
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Nevada 89109 |
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75001 |
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75001 |
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75001 |
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(c) |
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Limited Liability Holding |
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Trust |
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Trust |
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Individual Trustee |
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Company -- Digital |
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Investors, L.L.C. |
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(Same as above) |
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(Same as above) |
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(Same as above) |
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2620 S. Maryland |
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Parkway, #309, Las Vegas |
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Nevada 89109 |
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(d) |
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None |
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None |
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None |
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None |
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(e) |
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None |
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None |
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None |
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None |
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(f) |
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N/a |
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N/a |
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N/a |
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USA citizen |
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Item 3. Source and Amount of Funds or Other Consideration.
With respect to Reporting Person -- (Digital Investors, L.L.C.):
All funds used in making purchases in Viseon, Inc. Common Stock have been from capital infused into the limited liability Company by its beneficial owners.
With respect to Digital Trust I:
n/a
With respect to Digital Trust II:
n/a
With respect to Person Controlling Members -- (Albert B. Greco, Jr.):
Personal Funds
Item 4. Purpose of Transaction.
With respect to Reporting Person -- (Digital Investors, L.L.C.):
The purpose of Digital Investors, L.L.C.'s acquisition of Viseon, Inc.'s common stock has been for investment.
(a) Reporting person plans to purchase an additional 2,314,285 shares of the Issuer and receive warrants to purchase an additional 800,000 shares of the Issuer in accordance with the terms of a Stock Purchase Agreement and related amendment to such agreement between Reporting Person and Issuer attached herein as Exhibits A and C.
(b) None
(c) None
(d) Issuer plans to increase its Board of Directors by a total of three persons nominated by the Reporting Person in accordance with the terms of a Stock Purchase Agreement between Reporting Person and Issuer attached herein as Exhibit A. One such person, John C. Harris, has already been appointed to the Board effective April 9, 2001.
(e) None
(f) None
(g) None
(h) None
(i) None
(j) None
With respect to Digital Trust I:
a.-j. n/a
With respect to Digital Trust II:
a.-j. n/a
With respect to Person Controlling Members - (Albert B. Greco, Jr.):
a.-j. n/a
Item 5. Interest in Securities of the Issuer.
With respect to Reporting Person -- (Digital Investors, L.L.C.): |
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(a) |
Aggregate number of shares owned |
2,877,415 shares |
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Percentage beneficially owned |
24.7% |
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(b) |
Sole power to vote |
2,877,415 shares |
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Sole power to dispose |
2,877,415 shares |
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(c) |
Transaction summary, last 60 days: |
On October 8, 2001, reporting person purchased warrants to purchase 655,000 shares of common stock at a price if $ .75 per share, from a private party. |
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(d) |
None |
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(e) |
Not Applicable |
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With respect to Digital Trust I: |
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(a) |
Aggregate number of shares owned |
2,877,415 |
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Percentage beneficially owned |
24.7% |
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(b) |
Sole power to vote |
2,877,415 |
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Sole power to dispose |
2,877,415 |
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(c) |
Transaction Summary, last 60 days: |
n/a |
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(d) |
n/a |
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(e) |
n/a |
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With respect to Digital Trust II: |
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(a) |
Aggregate number of shares owned |
2,877,415 |
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Percentage beneficially owned |
24.7% |
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(b) |
Sole power to vote |
2,877,415 |
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Sole power to dispose |
2,877,415 |
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(c) |
Transaction Summary, last 60 days: |
n/a |
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n/a |
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(e) |
n/a |
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With respect to Person Controlling Members -- (Albert B. Greco, Jr.): |
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(a) |
Aggregate number of shares owned |
2,877,415 |
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Percentage beneficially owned |
24.7% |
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(b) |
Sole power to vote |
2,877,415 |
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Sole power to dispose |
2,877,415 |
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(c) |
Transaction summary, last 60 days: |
n/a |
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(d) |
n/a |
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(e) |
n/a |
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
With respect to Reporting Person -- (Digital Investors, L.L.C.):
Reporting person has entered into a Stock Purchase Agreement and a related First Amendment to Stock Purchase Agreement in which reporting person plans to purchase an additional 2,314,285 shares of Issuer's common stock at $.35 per share and receive warrants to purchase an additional 800,000 shares of common stock at $.75 per share.
Reporting person has entered into an agreement with two of Issuer's directors, Richard F. Craven and Byron G. Shaffer in which such directors have agreed to vote all their shares of Viseon, Inc. in favor of approving all transactions contemplated by the Stock Purchase Agreement between Digital Investors, L.L.C. and Issuer (Exhibit A).
With respect to Digital Trust I: None
With respect to Digital Trust II: None
With respect to Person Controlling Members -- (Albert B. Greco, Jr.): None
Item 7. Material to be Filed as Exhibits.
Exhibit A - Stock Purchase Agreement between Digital Investors, L.L.C. and Viseon, Inc. - previously filed
Exhibit B - Shareholder Voting Agreement between Digital Investors, L.L.C. and Richard F. Craven and Byron G. Shaffer - previously filed
Exhibit C -
First Amendment to Stock Purchase agreement between Digital Investors, L.L.C.
and Vision, Inc.
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.
October 18, 2001
Date
Digital Investors, L.L.C.
/s/ Albert B. Greco, Jr.
By: Albert B. Greco, Jr.
Its: Manager
Digital Trust I
/s/ Albert B. Greco, Jr.
By: Albert B. Greco, Jr.
Its: Trustee
Digital Trust II
/s/ Albert B. Greco, Jr.
By: Albert B. Greco, Jr.
Its: Trustee
Albert B. Greco, Jr, Trustee
/s/ Albert B. Greco, Jr.
By: Albert B. Greco, Jr.
Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).
FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
THIS FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (the Amendment) is dated as of the 1st day of October, 2001, and is by and between Viseon, Inc., a corporation authorized and existing pursuant to the laws of the State of Nevada (successor in interest to RSI Systems, Inc.) (the Company), and Digital Investors, L.L.C., a limited liability company authorized and existing pursuant to the laws of the State of Nevada (the Investor).
W I T N E S S E T H:
WHEREAS, the Company and the Investor entered into that certain Stock Purchase Agreement dated as of the 23rd day of February, 2001 (the Agreement); and
WHEREAS, the First Closing under the Agreement has occurred; and
WHEREAS, the Company and the Investor desire to amend the Agreement to shorten one of the dates applicable to the Second Closing.
NOW, THEREFORE, in consideration of the mutual covenants contained in this Amendment and the Agreement, the Company and the Investor agree as follows:
1. Definitions. Capitalized terms used in this Amendment and not otherwise defined shall have the meanings given to them in the Agreement.
2. Amendment of Agreement.
A. From and after the effective date of this Amendment, Section 1.3(b)(i) of the Agreement is hereby amended by deleting the reference contained therein to ten (10) days and replacing the same with three (3) days.
B. From and after the effective date of this Amendment, Section 1.1(b) is hereby amended by adding at the end of such sentence and ten year warrants to purchase 800,000 shares of Common Stock at an exercise price of $0.75 per share (Warrants).
C. From and after the effective date of this Amendment, the reference to 3,100,000 Shares in Section 1.3(b) is hereby amended by adding thereto and 800,000 Warrants.
D. From and after the effective date of this Amendment, Section 3.2 and Section 5.1(b) shall be deleted.
E. From and after the effective date of this Amendment, Section 1.3(b)(ii) shall be amended to read in its entirety as follows: The Stock Voting Agreement attached hereto as Exhibit C shall be executed by Investor and Messrs. Craven and Schaffer.
F. From and after the effective date of this Amendment, there shall be added to Section 4.1(f) of the Agreement the following sentence, provided, however, that if such registration statement shall not have been declared effective by October 1, 2002, this condition shall be automatically deemed waived by Investor.
G. From and after the effective date of this Amendment, there shall be added to Section 3.7 the following new final sentence: In the event that the condition to closing set forth in Section 4.1(f) is deemed automatically waived as provided therein, the Company shall file, within thirty (30) days following the Second Closing, a registration statement covering all Shares and shares underlying the Warrants issued pursuant to this Agreement.
3. Integration of Amendment and Agreement. From and after the effective date above, the Agreement and this Amendment shall be read as one agreement. Except as set forth in this Amendment, all other terms and conditions of the Agreement are not being modified or amended, and shall remain in full force and effect.
IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its authorized representative and the Investor has caused this Agreement to be executed by its authorized representative.
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COMPANY: |
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VISEON, INC. |
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By |
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Richard Craven |
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Its Chairman |
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INVESTOR: |
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DIGITAL INVESTORS, L.L.C. |
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By |
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Albert B. Greco, Jr. |
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Its Manager |
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