Edgar Filing: STANFORD VENTURE CAPITAL HOLDINGS INC





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, Section 17(a) of the Public Utility

    Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940



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    1. Name and Address of Reporting Person*


    Stanford Venture Capital Holdings, Inc.
    
    (Last)                      (First)                      (Middle)


    5050 Westheimer Road
    
    
    (Street)
    Houston,    TX   77056
    
    (City)                      (State)                      (Zip)
    



    2. Date of Event
Requiring Statement
    Month/Day/Year


    June 13, 2002
    

    3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)
    





    4. Issuer Name andTicker or Trading Symbol


    Intercallnet, Inc. (ICLN)

    

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


       Director  
    X 10% Owner
       Officer (give title below)    

       Other (specify below)
    

    Description    
    
    

    

6. If Amendment,
    Date of Original
    (Month/Day/Year)


    March 11, 2002


        7. 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)






	

    Series A Convertible Preferred Stock, par value $.0001 per share



1,500,000



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(DE) and
    Expiration Date(ED)
    (Month/Day/Year)
    





      DE     /     ED  



    3. Title and Amount of
    Underlying Securities
    (Instr. 4)






Title     /         Amount or Number of Shares



    4. Conver-
    sion or
    Exercise
    Price of
    Deri-
    vative
    Security



    5. Owner-
ship
Form of
Deriv-
ative
Security:
Direct (D)
or
Indirect (I)

(Instr.5)


    6. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr.5)








Convertible Promissory Note



    6/13/2002 / 6/30/06



Common Stock, par value $0.0001 per share / 1,250,000



$1.20



D



(1)







Warrant



    2/28/02 / 2/27/07



Common Stock, par value $0.0001 per share / 83,334



$1.50



D



(1)







Warrant



    2/28/02 / 2/27/07



Common Stock, par value $0.0001 per share / 83,334



$1.00



D



(1)







Warrant



    2/28/02 / 2/27/07



Common Stock, par value $0.0001 per share / 250,000



$0.85



D



(1)







Warrant



    2/28/02 / 2/27/07



Common Stock, par value $0.0001 per share / 250,000



$0.65



D



(1)







Warrant



    2/28/02 / 2/27/07



Common Stock, par value $0.0001 per share / 250,000



$0.45



D



(1)







Warrant



    2/28/02 / 2/27/07



Common Stock, par value $0.0001 per share / 166,666



$0.25



D



(1)







Warrant



    3/12/02 / 3/12/07



Common Stock, par value $0.0001 per share / 83,334



$1.50



D



(1)







Warrant



    3/12/02 / 3/12/07



Common Stock, par value $0.0001 per share / 83,334



$1.00



D



(1)







Warrant



    3/12/02 / 3/12/07



Common Stock, par value $0.0001 per share / 250,000



$0.85



D



(1)







Warrant



    3/12/02 / 3/12/07



Common Stock, par value $0.0001 per share / 250,000



$0.65



D



(1)







Warrant



    3/12/02 / 3/12/07



Common Stock, par value $0.0001 per share / 250,000



$0.45



D



(1)







Warrant



    3/12/02 / 3/12/07



Common Stock, par value $0.0001 per share / 166,666



$0.25



D



(1)







Warrant



    3/27/02 / 3/27/07



Common Stock, par value $0.0001 per share / 83,332



$1.50



D



(1)







Warrant



    3/27/02 / 3/27/07



Common Stock, par value $0.0001 per share / 83,332



$1.00



D



(1)







Warrant



    3/27/02 / 3/27/07



Common Stock, par value $0.0001 per share / 250,000



$0.85



D



(1)







Warrant



    3/27/02 / 3/27/07



Common Stock, par value $0.0001 per share / 250,000



$0.65



D



(1)







Warrant



    3/27/02 / 3/27/07



Common Stock, par value $0.0001 per share / 250,000



$0.45



D



(1)







Warrant



    3/27/02 / 3/27/07



Common Stock, par value $0.0001 per share / 166,668



$0.25



D



(1)







   



Explanation of Responses: 




     








    (1) These securities are directly beneficially owned by Stanford Venture Capital Holdings, Inc. and may be deemed to be indirectly beneficially owned by R. Allen Stanford. Mr. Stanford disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.JOINT FILER INFORMATION
Name:      Standford Venture Capital Holdings, Inc.
Address:   5050 Westheimer Road
                 Houston, Texas 77056
Designated Filer: Stanford Venture Capital Holdings, Inc.
Issuer and Ticker Symbol: Intercallnet, Inc. (ICLN)
Date of Event Requiring
Statement:         June 13, 2002
Signature:         Stanford Venture Capital Holdings, Inc.
By:             /s/ Yolanda M. Suarez                
                      Yolanda M. Suarez 
                      Secretary
JOINT FILER INFORMATION
Name:          R. Allen Stanford
Address:      c/o Stanford Venture Capital Holdings, Inc.
                   5050 Westheimer Road
                   Houston, Texas 77056
Designated Filer:          Stanford Venture Capital Holdings, Inc.
Issuer and Ticker Symbol: Intercallnet, Inc. (ICLN)
Date of Event Requiring
Statement:            June 13, 2002
Signature:            /s/ R. Allen Stanford                        
                           R. Allen Stanford







    By: 
/s/ Yolanda M. Suarez - Stanford Venture Capital Holdings, Inc.                                                                                                September 30, 2002

** Signature of Reporting Person                                                                                    Date      




    
SEC 2270 (07/02)




    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 4(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).

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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