UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
EUROWEB INTERNATIONAL CORP.
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
298801408
(CUSIP Number)
CORCYRA d.o.o.
c/o Elliot H. Lutzker, Esq.
Phillips Nizer LLP
666 Fifth Avenue, New York, New York 10103-0084
(212) 977-9700
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
August 31, 2006
(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), Rule 13d-1(f) or Rule 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(b) for other
parties to whom copies are to be sent.
* 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 disclosures provided in a prior cover page.
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 (the "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).
CUSIP No. 298801408
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
CORCYRA d.o.o. - None
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF (See Item 3)
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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
Republic of Croatia
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7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,326,043*
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,326,043*
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,326,043*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.5% (Based on an outstanding number of shares of common stock of
5,889,074.)
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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*See following page
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CUSIP No. 298801408
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
KSD Pacific, LLC - 20-5478852
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF (See Item 3)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
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7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,326,043*
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,326,043*
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,326,043*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.5% (Based on an outstanding number of shares of common stock of
5,889,074.)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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* See following page
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CUSIP No. 298801408
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
Yossi Attia - None
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF (See Item 3)
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States and Israel (dual citizenship).
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7 SOLE VOTING POWER
50,000
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,326,043*
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 50,000
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,326,043*
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,376,043*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40% (Based on an outstanding number of shares of common stock of
5,889,074.)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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* See following page
-4-
* Pursuant to the Stock Purchase Agreement, dated as of August 31, 2006, a
copy of which is attached to this Statement as Exhibit 1 (the "Purchase
Agreement"), by and among Moshe Har Adir ("Seller"), CORCYRA, d.o.o., a Croatian
company ("CORCYRA") and Shalom Attia ("CORCYRA Director"), on the one hand
("Selling Parties"), and KSD Pacific, LLC, a Nevada limited liability company,
on the other hand ("KSD"), KSD purchased from the Seller all of the issued and
outstanding shares of capital stock of CORCYRA in exchange for $10,830,377, as
is more fully described in the Purchase Agreement.
Item 1. Security and Issuer.
This statement on Schedule 13D, as amended (this "Statement") relates to
the common stock, par value $0.001 per share ("Common Stock") of EuroWeb
International Corp., a Delaware corporation (the "Issuer"). The principal
executive offices of the Issuer are located at 468 N. Camden Drive, Suite
256(i), Beverly Hills, CA 90210.
Item 2. Identity and Background.
(a) This Statement is being filed by CORCYRA, KSD (the sole shareholder of
CORCYRA) and Yossi Attia ("Mr. Attia") (the sole officer and director of CORCYRA
and sole member of KSD).
(b) The business address of CORCYRA, is : Valdabeckiput 118, Pula, Croatia
52100. The business address of KSD and Mr. Attia is 1061 1/2 N. Spaulding
Avenue, West Hollywood, CA 90046.
(c) CORCYRA is currently a designated single asset company and is
reviewing opportunities to merge or acquire one or more ongoing entities in
order to maximize its resources. KSD Pacific, LLC is the sole owner of CORCYRA
and Mr. Attia is the sole officer and director of CORCYRA and sole manager of
KSD; Mr Attia is employed by the Issuer in a business that is unrelated to
CORCYRA or KSD's business, other than its ownership of CORCYRA, is unrelated.
Mr. Attia is chief executive officer and a director of the issuer.
(d)-(e) Neither CORCYRA, KSD nor Mr. Attia has, during the last five
years, been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction resulting in 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 to such laws.
(f) CORCYRA is a Croatia corporation. Mr. Attia is a citizen of the United
States and Israel and resides in California.
Item 3. Source and Amount of Funds or Other Consideration.
Under the terms of the Stock Purchase Agreement, the Seller sold all of
the issued and outstanding shares of capital stock of CORCYRA to KSD in exchange
for $10,830,377 as is more fully described in the such agreement.
Item 4. Purpose of Transaction.
To report a change of ownership of the Issuer's principal shareholder.
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Item 5. Interest in Securities of the Issuer.
(a) CORCYRA owns 2,326,043 shares of Common Stock of the Issuer, or 39.5%
of the Issuer's issued and outstanding shares of Common Stock.
Effective March 22, 2005, the Issuer's board of directors granted Mr.
Attia the option to purchase 100,000 shares of Common Stock at an exercise price
of $3.40 per share under the Issuer's 2004 Incentive Plan. The options vests in
four equal instalments of 25,000 shares of Common Stock, the first having vested
on September 22, 2005, and an additional 25,000 shares vesting within 60 days of
the date of this Statement on September 22, 2006.
(b) Pursuant to Rule 13d-3(d)(1), CORCYRA, Mr. Attia and KSD may be deemed
to have shared disposition and voting power with respect to such 2,326,043
shares of Common Stock of the Issuer.
(c) Other than as provided herein, no other transactions in the Common
Stock of the Issuer were effected by CORCYRA, Har Adir or Attia in the past 60
days.
(d) Not Applicable.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
There are no other contracts, understandings or relationships with respect
to the securities of the Issuer other than: the Purchase Agreement; and that Mr.
Attia is chief executive officer and a member of the Issuer's board of
directors.
Item 7. Materials to be Filed as Exhibits.
Exhibit Number Description
-------------- -----------
1 Stock Purchase Agreement, dated as of August 31, 2006, by and
between Moshe Har Adir, CORCYRA, d.o.o., a Croatian company
and Shalom Attia, on the one hand; and KSD Pacific, LLC, a
Nevada limited liability company, on the other hand.
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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.
Dated: September 5, 2006
CORCYRA D.O.O.
By: /s/ Yossi Attia
--------------------------------------
Yossi Attia, sole officer and director
KSD PACIFIC, LLC
By: /s/ Yossi Attia
--------------------------------------
Yossi Attia, sole member
/s/ Yossi Attia
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Yossi Attia, individually
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