SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2
American Telecom Services, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
03015P 10 1
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(CUSIP Number)
December 31, 2006
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(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)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
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CUSIP No. 03015P 10 1 13G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
I NET Financial Management, Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) | |
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Taiwan
---------------- ----- ---------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER 674,000 shares of common stock
SHARES ----- ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER 0 shares of common stock
OWNED BY ----- ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 674,000 shares of common stock
REPORTING ----- ---------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER 0 shares of common stock
-------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
674,000 shares of common stock
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.4% of aggregate voting power
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12 TYPE OF REPORTING PERSON
OO
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CUSIP No. 03015P 10 1 13G Page 3 of 7 Pages
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Item 1(a). Name of Issuer:
American Telecom Services, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
2466 Peck Road, City of Industry, CA 90601
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Item 2(a). Name of Person Filing:
I NET Financial Management, Ltd.
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Item 2(b). Address of Principal Business Office or, if None, Residence:
No 17-1, Alley 3, Lane 217, Chung Hsiao E. Road, Sec. 3,
Taipei, Taiwan, R.O.C.
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Item 2(c). Citizenship:
Taiwanese
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Item 2(d). Title of Class of Securities:
Common Stock
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Item 2(e). CUSIP Number:
03015P 10 1
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CUSIP No. 03015P 10 1 13G Page 4 of 7 Pages
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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Exchange
Act;
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) |_| Investment company registered under Section 8 of the
Investment Company Act;
(e) |_| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance
with Rule 13d-1(b)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of
Federal Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
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CUSIP No. 03015P 10 1 13G Page 5 of 7 Pages
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Item 4. Ownership.
(a) Amount beneficially owned:
674,000 shares of common stock*
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(b) Percent of class:
10.4%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 674,000 shares of common
stock* -------------------------
------
(ii) Shared power to vote or to direct the vote 0 shares of common
stock ------------------
-----
(iii) Sole power to dispose or to direct the disposition of 674,000
shares of common stock* -------
-----------------------
(iv) Shared power to dispose or to direct the disposition of 0 shares
of common stock --------
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*I NET Financial Management, Ltd., is 51% owned by Yu Wen Ching, the issuer's
President of Manufacturing and Sourcing, and 49% owned by Bruce Hahn, the
issuer's Chief Executive Officer. Each disclaims beneficial ownership of the
other's interest. Mr. Ching and Mr. Hahn each filed a separate Schedule 13G.
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CUSIP No. 03015P 10 1 13G Page 6 of 7 Pages
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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 on by the Parent Holding
Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
Not Applicable.
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CUSIP No. 03015P 10 1 13G Page 7 of 7 Pages
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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.
February 14, 2007
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I NET Financial Management, Ltd.
By: /s/ Yu Wen Ching
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Yu Wen Ching