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          FORM 4                      U.S. SECURITIES AND EXCHANGE COMMISSION
---------------------------                   Washington, D.C. 20549
[X]  Check this box
     if no longer subject           STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
     to Section 16. Form 4
     or Form 5 obligations
     may continue. See       Filed pursuant to Section 16(a) of the Securities Exchange
     Instruction 1(b).        Act of 1934, Section 17(a) of the Public Utility Holding
                                    Company Act of 1935 or Section 30(f) of the
(Print or Type Responses)                 Investment Company Act of 1940


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1.   Name and Address of Reporting Person*

     Perlmutter                      Isaac
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    (Last)                          (First)                         (Middle)

     P.O. Box 1028
     Lucerne Station
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                                    (Street)

     Lake Worth                     Florida                         33460-9998
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    (City)                          (State)                          (Zip)

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2.   Issuer Name and Ticker or Trading Symbol

     Ranger Industries, Inc.    (OTC:  RNGR)
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3.   IRS Identification Number of Reporting Person, if an entity (voluntary)


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4.   Statement for Month/Year

     February 2001
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5.   If Amendment, Date of Original (Month/Year)


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6.   Relationship of Reporting Person(s) to Issuer
              (Check all applicable)

     [X]  Director                             [X]  10% Owner
     [_]  Officer (give title below)           [_]  Other (specify below)

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7.   Individual or Joint/Group Filing (Check Applicable Line)

     [X]  Form filed by One Reporting Person
     [_]  Form filed by More than One Reporting Person
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  Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.                                    2.        3.          4.                                    5.            6.        7.
Title of Security                     Trans-    Trans-      Securities Acquired (A)               Amount of     Owner-    Nature of
(Instr. 3)                            action    action      or Disposed of (D)                    Securities    ship      Indirect
                                      Date      Code        (Instr. 3, 4 and 5)                   Beneficially  Form:     Beneficial
                                                Instr. 8)                                         Owned at End  Direct    Owner-
                                      (Month/               ___________________________________   of Month      (D) or    ship
                                      Day/                                                                      Indirect  (Instr. 4)
                                      Year)                                 (A)or                 (Instr. 3     (I)
                                                Code  V          Amount     (D)        Price      and 4)        (Instr.4)
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Common Stock                          02/06/01   S             1,102,100     D     $2.00             0            I        By Pure
                                                                                                                           Group,
                                                                                                                           Inc.
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Common Stock                          02/06/01   S                34,037     D     $2.00             0            I        By
                                                                                                                           Tangible
                                                                                                                           Media,
                                                                                                                           Inc.
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* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.

                           (Print or Type Response)
                                                                          (Over)






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FORM 4 (continued)            Table II -- Derivative Securities Acquired, Disposed of or Beneficially Owned
                                      (e.g., puts, calls, warrants, options, convertible securities)
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1.                  2.       3.       4.       5.            6.            7.                     8.       9.        10.     11.
Title of            Conver-  Trans-   Trans-   Number of     Date Exer-    Title and Amount       Price    Number    Owner-  Nature
Derivative          sion     action   action   Derivative    cisable and   of Underlying          of       of        ship    of
Security            or       Date     Code     Securities    Expiration    Securities             Deriv-   deriv-    Form    In-
(Instr. 3)          Exer-             (Instr.  Acquired (A)  Date          (Instr. 3 and 4)       ative    ative     of      direct
                    cise     (Month/  8)       or Disposed   (Month/Day/                          Secur-   Secur-    Deriv-  Bene-
                    Price    Day/              of(D)         Year)                                ity      ities     ative   ficial
                    of       Year)             (Instr. 3,                                         (Instr.  Bene-     Secur-  Owner-
                    Deriv-                     4 and 5)                                           5)       ficially  ity:    ship
                    ative                                    ___________________________________           Owned     Direct  (Instr.
                    Secur-                                                                                 at End    (D) or  4)
                    ity                                      Date     Expi-               Amount           of        In-
                                                             Exer-    ra-                 or               Month     direct
                                      _____________________  cis-     tion    Title       Number           (Instr.   (I)
                                                             able     Date                of               4)        (Instr.
                                      Code V     (A)  (D)                                 Shares                     4)
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Explanation of Responses:


                          /s/ Isaac Perlmutter                       02/12/01
                          ---------------------------------      --------------
                          ** Signature of Reporting Person             Date

**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space is insufficient, see Instruction 6 for procedure.


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