THIS PAPER DOCUMENT IS BEING SUBMITTED PURSUANT TO RULE 101(d) OF REGULATION S-T
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INFORMATION REQUIREMENTS FOR FILINGS UPON ACQUISITION OF
FIVE PERCENT OF A CLASS OF EQUITY SECURITIES SUBJECT TO
THE REPORTING REQUIREMENTS OF THE 1934 ACT
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Innovative Medical Services ("PURE")
----------------------------
(Name of Issuer)
Common Stock
----------------------------------------
(Title of Class of Securities)
45766R 10 9
-------------
(CUSIP Number)
Charles Siddle
5364 N. 31st Place
Phoenix, AZ 85016
(602) 553-1919
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 27, 2002
--------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
CUSIP No. 45766R 10 9
-----------
1 Name of Reporting Person
Colt Communications LLC
Colt Communications LLC Money Purchase Pension Plan
Siddle Family Trust
SPS LLC.
2 Check the Appropriate Box if a Member of a Group a X
-------
b
-------
3 SEC USE ONLY
4 Source of Funds *
WC
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) _
6 Citizenship or Place of Organization
Arizona
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7 Sole Voting Power: Colt Communication LLC 350,000
Colt Communications LLC
Money Purchase Pension Plan 50,000
Siddle Family Trust 25,000
SPS LLC 50,000
8 Shared Voting Power: -0-
9 Sole Dispositive Power: Colt Communication LLC 350,000
Colt Communications LLC
Money Purchase Pension Plan 50,000
Siddle Family Trust 25,000
SPS LLC 50,000
10 Shared Dispositive Power: -0-
11 Aggregate Amount Beneficially Owned by Each Reporting Person:
Colt Communication LLC 350,000
Colt Communications LLC
Money Purchase Pension Plan 50,000
Siddle Family Trust 25,000
SPS LLC 50,000
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
13 Percent of Class Represented by Amount in Row (11): 5.4%
14 Type of Reporting Person:
Colt Communications LLC Limited Liabiltiy Company
Siddle Family Trust Arizona Trust
SPS LLC Limited Liability Company
2
ITEM 1: SECURITY AND COMPANY
------------------------------
Title of Equity securities: Common Stock
Name and Address of Issuer: Innovative Medical Services
1725 Gillespie Way
El Cajon CA 92020
ITEM 2: IDENTITY AND BACKGROUND OF REPORTING PERSONS
----------------------------------------------------
Colt Communications LLC.
5364 N. 31st Place
Phoenix, AZ 85016
a. Name - Charles Siddle
b. Address - 5364 N. 31st Place, Phoenix, AZ 85016
c. Occupation-- Manager
d. Criminal Convictions: None
e. Civil Proceedings enjoining future violations of, or prohibiting
ormandating activities subject to, federal or state securtiies laws:
None
f. Citizenship: US
Colt Communications LLC.
Money Purchase Pension Plan
5364 N. 31st Place
Phoenix, AZ 85016
1.
a. Name - Charles Siddle
b. Address - 5364 N. 31st Place, Phoenix, AZ 85016
c. Occupation-- Manager
d. Criminal Convictions: None
e. Civil Proceedings enjoining future violations of, or prohibiting
ormandating activities subject to, federal or state securtiies laws:
None
f. Citizenship: US
2.
a. Name - Debra Siddle
b. Address - 5364 N. 31st Place, Phoenix, AZ 85016
c. Occupation-- Manager
d. Criminal Convictions: None
e. Civil Proceedings enjoining future violations of, or prohibiting
ormandating activities subject to, federal or state securtiies laws:
None
f. Citizenship: US
3
Siddle Family Trust
5364 N. 31st Place
Phoenix, AZ 85016
1.
a. Name - Charles Siddle
b. Address - 5364 N. 31st Place, Phoenix, AZ 85016
c. Occupation-- Trustee
d. Criminal Convictions: None
e. Civil Proceedings enjoining future violations of, or prohibiting
ormandating activities subject to, federal or state securtiies laws:
None
f. Citizenship: US
SPS LLC
1.
a. Name - Lee Ann Newcomb
b. Address - 7322 East Bent Tree Drive, Scottsdale, AZ 85255
c. Occupation-- Manager
d. Criminal Convictions: None
e. Civil Proceedings enjoining future violations of, or prohibiting
ormandating activities subject to, federal or state securtiies laws:
None
f. Citizenship: US
Item 3: SOURCE OF FUNDS OR OTHER CONSIDERATION
----------------------------------------------
Working capital of the reporting person. No funds were borrowed from any
source. The amount of consideration for 335,000 shares was $176,950 in cash
provided to the issuer, business development consulting services provided to the
issuer for $65,000 and $50,000 paid to a 3rd party for the purchase fo 25,000
shares.
Item 4: PURPOSE OF TRANSACTION
------------------------------
The acquisition of the shares from the issuer was for investment.
4
There are no plans or proposals of the reporting person which may or would
result in the following:
(a) The acquisition by any person of additional securities of the issuer,
or the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the issuer or any
of its subsidiaries;
(d) Any change in the present board of directors or management of the
issuer, including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy
of the issuer;
(f) Any other material change in the issuer's business or corporate
structure, including but not limited to, if the issuer is a registered
closed-end investment company, any plans or proposals to make any
changes in its investment policy for which a vote is required by
section 13 of the Investment Company Act of 1940;
(g) Changes in the issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control
of the issuer by any person;
(h) Causing a class of securities of the issuer to be de-listed from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national
securities association;
(i) A class of equity securities of the issuer becoming eligible for
termination of registration pursuant to section 12(g)(4) of the Act;
or
(j) Any action similar to any of those enumerated above.
ITEM 5: INTEREST IN SECURITIES OF THE COMPANY
---------------------------------------------
(a) Aggregate number and percentage of the class of securities identified
pursuant to Item 1: 475,000/ 5.4%
(b) The number of shares as to which there is sole power to vote or to
direct the vote, sole power to dispose or to direct the disposition,
or shared power to dispose or to direct the disposition:
475,000
(c) The following transactions in the class of securities reported on were
effected by the reporting person during the past sixty (60) days.
5
August 27, 2002, Colt Communications LLC acquired 200,000 shares from the
issuer in settlement of debt in the amount of $100,000
September 18, 2002, Colt Communications LLC acquired 85,000 shares from the
issuer upon the exercise of a stock option with an exercise price of $0.57 per
share.
September 3, 2002, Colt Communications LLC, acquired 25,000 shares from a
private party in consideration of $50,000
September 18, 2002, SPS LLC., acquired 50,000 shares from the issuer upon
exercise of a stock option with an exercise price of $0.57 per share.
September 18,2002, Colt Communications LLC., was issued 65,000 shares in
consideration of a business development consulting services agreement.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE COMPANY
--------------------------------------------------------------------------------
There are no contracts, arrangements, understandings or relationships (legal
or otherwise) among the persons named in Item 2 and between such persons and any
person with respect to any securities of the issuer, including but not limited
to transfer or voting of any of the securities, finder's fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of profits, division of
profits or loss, or the giving or withholding of proxies, naming the persons
with whom such contracts, arrangements, understandings or relationships have
been entered into. Include such information for any of the securities that are
pledged or otherwise subject to a contingency the occurrence of which would give
another person voting power or investment power over such securities except that
disclosure of standard default and similar provisions contained in loan
agreements need not be included.
ITEM 7: MATERIAL TO BE FILED AS EXHIBITS
-----------------------------------------
None
6
SIGNATURES
----------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, correct and
complete.
Date: October 22, 2002
/s/ CHARLES SIDDLE
-----------------------------------
Name/Title: CHARLES SIDDLE, Manager
Colt Communications LLC.
/s/ CHARLES SIDDLE
------------------------------------
Name/Title: CHARLES SIDDLE, Manager
Colt Communications LLC
Money Purchase Pension Plan
/s/ CHARLES SIDDLE
------------------------------------
Name/Title: CHARLES SIDDLE, Trustee
Siddle Family Trust
/s/ LEEANN NEWCOMB
-----------------------------------
Name/Title: LEEANN NEWCOMB, Manager
SPS, LLC
7