UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Amendment No.1 to
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Accesstel, Inc.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE.
(Title of Class of Securities)
00433C 30 8
(CUSIP Number)
Louis Sayad
35 Stalter Drive
Wayne, NJ 07470
(973) 882-8861
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 13, 2004
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [_].
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7 for
other parties to whom copies are to be sent.
The information required on 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).
SCHEDULE 13D
CUSIP NO. 00433C 30 8
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Louis Sayad
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7. SOLE VOTING POWER
4,680,000
NUMBER OF
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING
PERSON 9. SOLE DISPOSITIVE POWER
WITH
4,680,000
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10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
4,680,000
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.2%
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14. TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock, par value $.001 per share
(the "Common Stock"), of Accesstel, Inc., a Utah corporation (the "Company" or
the "Issuer"). The Company's principal executive offices are located at 2904
East Shady Lane, Highland Ranch, CO 80126.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This Schedule is being filed by Louis Sayad.
(b) The address of Mr. Sayad is 35 Stalter Drive, Wayne, NJ 07470.
(c) Mr. Sayad is a stockholder of the Company.
(d) During the last five years, Mr. Sayad has not been convicted in any
criminal proceeding (excluding traffic violations and similar
misdemeanors).
(e) During the last five years, Mr. Sayad was not a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
which, as a result of such proceeding, made him subject to a judgment,
decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws
or finding any violation with respect thereto.
(f) Mr. Sayad is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Personal Funds
ITEM 4. PURPOSE OF TRANSACTION.
The acquisition of Global Invest Holdings, Inc. by Accesstel, Inc., in
connection with which Mr. Sayad was issued 4,500,000 shares of Accesstel
Common stock.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) According to the Company's Transfer Agent, there were 30,791,740 shares
of Common Stock outstanding as of October 22, 2004. Mr. Sayad is the
beneficial owner of 4,680,000 shares of Common Stock, which represents
approximately 15.2% of the outstanding shares of the Company's Common
Stock.
(b) Mr. Sayad has the sole power to direct the vote of the 4,680,000 shares
of Common Stock beneficially owned by him and the sole power to direct
the disposition of such shares.
(c) Except as set forth in this Schedule 13D, there have been no sales or
purchases with respect to the Company's shares effected during the past
sixty days by Mr. Sayad.
(d) Not Applicable.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Except as described above and elsewhere in this Schedule 13D, there are no
contracts, arrangements, understandings or relationships (legal or otherwise)
among Mr. Sayad and any other person with respect to any securities of
the Company.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None; not applicable.
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: 10/27/04
/s/ Louis Sayad
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Louis Sayad