------------------------------
OMB APPROVAL
------------
OMB Number: 3235-0145
Expires: October 31, 2005
Estimated average burden
hours per response....11
------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendments No._____ )*
Alliance Distributors Holding Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.001 par value
--------------------------------------------------------------------------------
(Title of Class Securities)
01858P105
------------------------------------
(CUSIP Number)
February 18, 2005
--------------------------------------------------------------------------------
(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
disclosure 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a current
valid OMB control number.
SEC 1745 (3-98) Page 1 of 9 pages
CUSIP No. 01858P105
---------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Jim Corfman
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ...................................................................
---------------------------------------------------------------------
(b) ...................................................................
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC Use Only............................................................
------------------------------------------------------------
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization US.............................
----------------------------------
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 2,850,000.........................
Shares Bene- ----------------------------------------
ficially Owned ---------------------------------------------------------------
by Each 6. Shared Voting Power ................................
Reporting --------------------------------------
Person With: ---------------------------------------------------------------
7. Sole Dispositive Power 2,850,000....................
-----------------------------------
---------------------------------------------------------------
8. Shared Dispositive Power ...........................
---------------------------------
---------------------------------------------------------------
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,850,000
------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) .................................................
------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 6.1%..............
---------------------
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
--------------------------------------------------------------------------------
IN, HC.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
SEC 1745 (3-98) Page 2 of 9 pages
CUSIP No. 01858P105
---------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Corfman Capital, Inc.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ...................................................................
---------------------------------------------------------------------
(b) ...................................................................
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC Use Only............................................................
------------------------------------------------------------
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization California.....................
----------------------------------
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 2,850,000.........................
Shares Bene- ----------------------------------------
ficially Owned ---------------------------------------------------------------
by Each 6. Shared Voting Power ................................
Reporting --------------------------------------
Person With: ---------------------------------------------------------------
7. Sole Dispositive Power 2,850,000....................
-----------------------------------
---------------------------------------------------------------
8. Shared Dispositive Power ...........................
---------------------------------
---------------------------------------------------------------
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,850,000
------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) .................................................
------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 6.1%..............
---------------------
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
--------------------------------------------------------------------------------
CO...........................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
SEC 1745 (3-98) Page 3 of 9 pages
CUSIP No. 01858P105
---------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Theseus Fund, L.P. (f/k/a Minotaur Fund, L.P.)
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ...................................................................
---------------------------------------------------------------------
(b) ...................................................................
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC Use Only............................................................
------------------------------------------------------------
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware.......................
----------------------------------
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 2,850,000.........................
Shares Bene- ----------------------------------------
ficially Owned ---------------------------------------------------------------
by Each 6. Shared Voting Power ................................
Reporting --------------------------------------
Person With: ---------------------------------------------------------------
7. Sole Dispositive Power 2,850,000....................
-----------------------------------
---------------------------------------------------------------
8. Shared Dispositive Power ...........................
---------------------------------
---------------------------------------------------------------
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,850,000
------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) .................................................
------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 6.1%..............
---------------------
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
--------------------------------------------------------------------------------
PN...........................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
.......................................................................
--------------------------------------------------------------------------------
SEC 1745 (3-98) Page 4 of 9 pages
Page 5 of 9
Item 1.
(a) Name of Issuer
Alliance Distributors Holding Inc.
(b) Address of Issuer's Principal Executive Offices
15-15 132nd Street, College Point, New York, 11356
Item 2.
(a) Name of Person Filing
(i) Jim Corfman ("Shareholder")
(ii) Corfman Capital, Inc. ("IA")
(iii) Theseus Fund, L.P. ("Fund")
(collectively, the "Reporting Persons")
IA controls Fund by virtue of its position as the sole general
partner of Fund. Shareholder controls IA by virtue of Shareholder's
position as the sole shareholder of IA.
Fund beneficial ownership of the Common Stock is direct. IA's
beneficial ownership of the Common Stock is direct as a result of
IA's discretionary authority to buy, sell, and vote shares of such
Common Stock for its investment advisory clients. Shareholder's
beneficial ownership of Common Stock is indirect as a result of its
control of IA. The beneficial ownership of Shareholder is reported
solely because Rules 13d-1(a) and (b) under the Securities Exchange
Act of 1934, as amended, require any person who is "directly or
indirectly" the beneficial owner of more than five percent of any
equity security of a specified class to file a Schedule 13G within
the specified time period. The answers in blocks 5, 7, 9 and 11 above
and in responses to item 4 by Shareholder are given on the basis of
the "indirect" beneficial ownership referred to in such Rule, based
on the direct beneficial ownership of Common Stock by IA and the
relationship of Shareholder to IA referred to above.
Information with respect to each Reporting Person is given solely by
the respective Reporting Person, and no Reporting Person undertakes
hereby any responsibility for the accuracy or completeness of such
information concerning any other Reporting Person.
(b) Address of Principal Business office or, if None, Residence
The principal business office for the Reporting Persons is:
131 Olive Hill Lane, Woodside, CA 94062
Page 6 of 9
(c) Citizenship
(i) US Citizen
(ii) California Corporation
(iii) Delaware limited partnership
(d) Title of Class Securities
Common
(e) CUSIP Number
01858P105
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) |_| Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) |_| Investment company registered under section 8 of the
Investment Company Act (15 U.S.C. 80a-8).
(e) |_| An investment adviser in accordance with
Section 240.13d-1(b)(1)(ii)(E).
(f) |_| An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(ii)(F).
(g) |_| A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G).
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) |_| Group in accordance with Section 240.13d-1(b)(ii)(J).
Item 4. Ownership
Common Stock:
(a) Amount Beneficially Owned: 2,850,000
---------
Page 7 of 9
(b) Percent of Class: 6.1%
----
(c) Number of shares as to which the joint filers have:
(i) sole power to vote or to direct the vote: 2,850,000
---------
(ii) shared power to vote or to direct the vote:
--------
(iii) sole power to dispose or to direct the disposition of: 2,850,000
---------
(iv) shared power to dispose of or to direct the disposition of:
--------
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 securities, check the following |_|.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
n/a
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
n/a
Item 8. Identification and Classification of Members of the Group.
n/a
Item 9. Notice of Dissolution of Group.
n/a
Item 10. Certification:
(b) The following certification shall be included if the statement
is filed pursuant to Section 240.13d-1(c):
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 8 of 9
SIGNATURE
Date: February 22, 2005
Jim Corfman
/s/ Jim Corfman
-------------------------------------------------
Signature
Jim Corfman
Corfman Capital
/s/ Jim Corfman
-------------------------------------------------
Signature
By: Jim Corfman
Its: President
Theseus Fund, L.P.
/s/ Jim Corfman
-------------------------------------------------
Signature
By: Jim Corfman, President, Corfman Capital, Inc.
Its: General Partner
Page 9 of 9
EXHIBIT A
---
Joint Filing Agreement Pursuant to Rule 13d-1
---------------------------------------------
This agreement is made pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1)
under the Securities and Exchange Act of 1934 (the "Act") by and among the
parties listed below, each referred to herein as a "Joint Filer." The Joint
Filers agree that a statement of beneficial ownership as required by Sections
13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their
behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint
filing may thereafter be amended by further joint filings. The Joint Filers
state that they each satisfy the requirements for making a joint filing under
Rule 13d-1.
Date: February 22, 2005
Jim Corfman
/s/ Jim Corfman
-------------------------------------------------
Signature
Jim Corfman
Corfman Capital
/s/ Jim Corfman
-------------------------------------------------
Signature
By: Jim Corfman
Its: President
Theseus Fund, L.P.
/s/ Jim Corfman
-------------------------------------------------
Signature
By: Jim Corfman, President, Corfman Capital, Inc.
Its: General Partner