UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
SUN NETWORK GROUP, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.0001 par value per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
86681R 10 5
-------------
(CUSIP Number)
April 30, 2004
--------------------------------------------------------------------------------
(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)
*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 the
disclosures provided in a prior cover page.
The information required in 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 ("Act") 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).
Page 2 of 12
_____________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
AJW Qualified Partners, LLC
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_____________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 7,000,000 (See Item 4)
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH 7,000,000 (See Item 4)
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,000,000 (See Item 4)
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.5% (based on 88,450,315 shares outstanding on April 2, 2004, as reported
in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares reported
hereunder)
__________________________________________________________________________
12 TYPE OF REPORTING PERSON
OO
_____________________________________________________________________________
Page 3 of 12
_____________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
New Millennium Capital Partners II, LLC
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_____________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,000,000 (See Item 4)
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH 2,000,000 (See Item 4)
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000,000
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.8% (based on 88,450,315 shares outstanding on April 2, 2004, as reported
in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares reported
hereunder)
__________________________________________________________________________
12 TYPE OF REPORTING PERSON
OO
_____________________________________________________________________________
Page 4 of 12
_____________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
AJW Partners, LLC
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 4,000,000 (See Item 4)
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH 4,000,000 (See Item 4)
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,000,000 (See Item 4)
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7% (based on 88,450,315 shares outstanding on April 2, 2004, as reported
in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares reported
hereunder)
__________________________________________________________________________
12 TYPE OF REPORTING PERSON
OO
_____________________________________________________________________________
Page 5 of 12
_____________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
AJW Offshore, Ltd.
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
_____________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 7,000,000 (See Item 4)
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH 7,000,000 (See Item 4)
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,000,000 (See Item 4)
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.5% (based on 88,450,315 shares outstanding on April 2, 2004, as reported
in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares reported
hereunder)
__________________________________________________________________________
12 TYPE OF REPORTING PERSON
CO
_____________________________________________________________________________
Page 6 of 12
_____________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
SMS Group, LLC
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 4,000,000 (See Item 4)
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH 4,000,000 (See Item 4)
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,000,000 (See Item 4)
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7% (based on 88,450,315 shares outstanding on April 2, 2004, as reported
in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares reported
hereunder)
__________________________________________________________________________
12 TYPE OF REPORTING PERSON
CO
_____________________________________________________________________________
Page 7 of 12
_____________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
AJW Manager, LLC
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_____________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 7,000,000 (See Item 4)
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH 7,000,000 (See Item 4)
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,000,000 (See Item 4)
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.5% (based on 88,450,315 shares outstanding on April 2, 2004, as reported
in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares reported
under hereunder)
__________________________________________________________________________
12 TYPE OF REPORTING PERSON
CO
_____________________________________________________________________________
Page 8 of 12
_____________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
First Street Manager, LLC
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
SHARES 9,000,000 (See Item 4)
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH 9,000,000 (See Item 4)
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,000,000 (See Item 4)
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.3% (based on 88,450,315 shares outstanding on April 2, 2004, as reported
in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares reported
hereunder
__________________________________________________________________________
12 TYPE OF REPORTING PERSON
CO
_____________________________________________________________________________
Page 9 of 12
_____________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Corey Ribotsky
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_____________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 20,000,000 (See Item 4)
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH 20,000,000 (See Item 4)
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000,000 (See Item 4)
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
18.44% (based on 88,450,315 shares outstanding on April 2, 2004, as
reported in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares
reported hereunder)
__________________________________________________________________________
12 TYPE OF REPORTING PERSON
CO
_____________________________________________________________________________
Page 10 of 12
Item 1. Name of the Issuer and Address
(a) Sun Network Group, Inc. ("Sun").
(b) The principal executive offices of Sun are 1440 Coral Ridge Drive, #140,
Coral Springs, FL 33071.
Item 2. Identity, Address, Citizenship, Title of Class of Securities and CUSIP
Number
Items 2(a), (b), (c)
This Schedule 13G ("Statement") is being filed by AJW Partners, LLC, a
Delaware limited liability company ("AJW"), AJW Offshore, Ltd., a Cayman Islands
corporation ("AJW Offshore"), AJW Qualified Partners, LLC, a New York limited
liability company ("Qualified Partners"), and New Millennium Capital Partners
II, LLC, a New York limited liability company ("New Millennium"), SMS Group,
LLC, a Delaware limited liability company ("SMS"), AJW Manager, LLC , a New York
limited liability company ("AJW Manager"), and First Street Manager II, LLC, a
New York limited liability company ("FSMIILLC") and Corey Ribotsy, an individual
residing in New York ("Ribotsky," who together with AJW, AJW Offshore, Qualified
Partners, SMS, AJW Manager, and FSMIILLC shall be referred to collectively as
the "Group"; each member of the Group shall be referred to individually as a
"Member" and collectively as "Members").
The address of principal business office of each of AJW, Qualified
Partners, New Millennium, AJW Manager, SMS, FSMIILLC, and Ribotsky is 1044
Northern Boulevard, Suite 302, Roslyn, New York 11576. The address of principal
business office of AJW Offshore is c/o Admiral Administration Ltd., P.O. Box
32021 SMB, Anchorage Centre, 2nd Floor, Grand Cayman, Cayman Islands, B.W.I.
Item 2(d), (e)
This Statement relates to the Common Stock, $.0001 par value per share, of
Sun (the "Sun Common Stock"). The CUSIP number for the Sun Common Stock is
86681R-10-5.
Item 3. If this statement is filed pursuant to Section 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not Applicable
Item 4. Ownership
Item 4(a), (b)
AJW is the record owner of 4,000,000 shares of Sun Common Stock,
representing approximately 3.7% of Sun's issued and outstanding shares of Sun
Common Stock (based on 88,450,315 shares outstanding on April 2, 2004, as
reported in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares
reported hereunder). Qualified Partners is the record owner of 7,000,000 shares
of Sun Common Stock, representing approximately 6.8% of Sun's issued and
outstanding shares of Sun Common Stock (based on 88,450,315 shares outstanding
on April 2, 2004, as reported in Sun's Annual Report on Form 10-KSB, plus the
20,000,000 shares reported hereunder). New Millennium is the record owner of
2,000,000 shares of Sun Common Stock, representing approximately 1.8% of Sun's
issued and outstanding shares of Sun Common Stock (based on 88,450,315 shares
outstanding on April 2, 2004, as reported in Sun's Annual Report on Form 10-KSB,
plus the 20,000,000 shares reported hereunder). AJW
Page 11 of 12
Offshore is the record owner of 7,000,000 shares of Sun Common Stock,
representing approximately 3.7% of Sun's issued and outstanding shares of Sun
Common Stock (based on 88,450,315 shares outstanding on April 2, 2004, as
reported in Sun's Annual Report on Form 10-KSB, plus the 20,000,000 shares
reported hereunder).
Item 4(c)
Each of AJW, Qualified Partners, AJW Offshore, and New Millennium is the
sole record owner of the securities identified in subsection (a) above.
FSMIILLC, as the sole manager of New Millennium, has shared voting and
dispositive power over the shares of Sun Common Stock owned by New Millennium
with Ribotsky. AJW Manager, LLC, as the sole manager of Qualified Partners, has
shared voting and dispositive power over the Sun Common Stock owned by Qualified
Partners with Ribotsky. SMS Group, LLC, as the sole manager of AJW, has the
shared voting and dispositive power over the Sun Common Stock owned by AJW with
Ribotsky. FSMIILLC, as the sole investment manager of AJW Offshore, has sole
voting and dispositive power over the Sun Common Stock owned by AJW Offshore.
Ribotsky controls FSMIILLC, AJW Manager, and SMS Group.
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities check the following [ ]
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 By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
See Attached Exhibit
Item 9. Notice of Dissolution of a 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 having that purpose or effect.
Page 12 of 12
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.
Dated: May 7, 2004
NEW MILLENNIUM CAPITAL PARTNERS II, LLC
By: First Street Manager II, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
AJW QUALIFIED PARTNERS, LLC
By: AJW Manager, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
AJW PARTNERS, LLC
By: SMS Group, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
AJW OFFSHORE, LTD.
By: First Street Manager II, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
AJW MANAGER, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
SMS GROUP, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
FIRST STREET MANAGER II, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
/s/ Corey S. Ribotsky
--------------------------------
Corey S. Ribotsky
EXHIBIT TO ITEM 8
The members of the Group are New Millennium Capital Partners II, LLC; AJW
Qualified Partners, LLC; AJW Partners, LLC; AJW Offshore, Ltd.; AJW Manager,
LLC; SMS Group, LLC; First Street Manager II, LLC; and Corey Ribotsky.
JOINT FILING AGREEMENT
JOINT FILING AGREEMENT made as of this 7th day of May, 2004 by and among
NEW MILLENNIUM CAPITAL PARTNERS II, LLC, a New York limited liability company
("New Millennium"), AJW QUALIFIED PARTNERS, LLC, a New York limited liability
company ("Qualified Partners"), AJW PARTNERS, LLC, a Delaware limited liability
company ("AJW"), AJW OFFSHORE, LTD. ("AJW Offshore"), a Cayman Islands exempted
limited company, FIRST STREET MANAGER II, LLC, a New York limited liability
company ("FSMIILLC"), AJW MANAGER, LLC, a New York limited liability company
("AJW Manager"), SMS GROUP, LLC, a Delaware limited liability company ("SMS"),
and COREY RIBOTSKY.
WHEREAS, New Millennium, Qualified Partners, AJW and AJW Offshore,
FSMIILLC, AJW Manager, SMS, and Ribotsky collectively beneficially own more than
five (5%) percent of the issued and outstanding common stock, $.0001 par value
of Sun Network Group Inc. ("Sun Common Stock"), a Florida corporation; and
WHEREAS, pursuant to Section 13(g) of the Securities Exchange Act of 1934,
as amended and the rules and regulations promulgated thereunder, the parties
hereto are required to file a Schedule 13G with the Securities and Exchange
Commission ("SEC").
NOW, THEREFORE, the parties agree as follows:
1. NEW Millennium, Qualified Partners, AJW, AJW Offshore, FSMIILLC, AJW
Manager, SMS, and Ribotsky hereby agree to jointly file a Schedule 13G with the
SEC regarding the beneficial ownership of Sun Common Stock and to file any and
all amendments and supplements thereto.
2. This Agreement contains the entire agreement among the parties
concerning the subject matter hereof and may not be amended, modified or changed
except pursuant to a written instrument signed by all parties.
IN WITNESS WHEREOF, the parties have signed this Agreement the day and year
first above written.
NEW MILLENNIUM CAPITAL PARTNERS II, LLC
By: First Street Manager II, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
AJW QUALIFIED PARTNERS, LLC
By: AJW Manager, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
AJW PARTNERS, LLC
By: SMS Group, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
AJW OFFSHORE, LTD.
By: First Street Manager II, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
AJW MANAGER, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
SMS GROUP, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
FIRST STREET MANAGER II, LLC
By: /s/ Corey S. Ribotsky
-------------------------
Corey S. Ribotsky, Manager
/s/ Corey S. Ribotsky
--------------------------------
Corey S. Ribotsky