UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Flexxtech Corporation
_________________________________________________________________________
(Name of Issuer)
Common Stock .001 Par Value
_________________________________________________________________________
(Title of Class of Securities)
33938v 40 6
_________________________________________________________________________
(CUSIP Number)
Michael Novielli 100 Mill Plain Road, Danbury, CT 06811 203-791-3838
_________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 17, 2003
_________________________________________________________________________
(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 Section;240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section;240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting persons
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 (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).
Persons who respond to the collection of information contained in this form
are not required to respond unless the form displays a currently valid OMB
control number.
SEC 1746 (11-02)
CUSIP No.33938v406
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Douglas H. Leighton
____________________________________________________________________________
2.Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X}
(b)
____________________________________________________________________________
3.SEC Use Only
____________________________________________________________________________
4.Source of Funds (See Instructions): OO
____________________________________________________________________________
5.Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
_____________________________________________________________________________
6. Citizenship or Place of Organization: US
_____________________________________________________________________________
7. Sole Voting Power: 0
Number of _____________________________________________________________
Shares Bene-
ficially by 8. Shared Voting Power: 1,500,000 (as Managing partner in
Owned by Each Dutchess Private Equities Fund, LP and
Reporting Dutchess Advisors, LLC)
Person with _____________________________________________________________
Owned by Each
9. Sole Dispositive Power: 0
______________________________________________________________
10. Shared Dispositive Power: 1,500,000 (as Managing partner in
Dutchess Private Equities Fund, LP and
Dutchess Advisors, LLC)
______________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting
Person : 1,500,000
_______________________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
_______________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11):
Approximately 15%
________________________________________________________________________________
14. Type of Reporting Person (See Instructions): IN
________________________________________________________________________________
CUSIP No.33938v406
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Michael A Novielli
____________________________________________________________________________
2.Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b)
____________________________________________________________________________
3.SEC Use Only
____________________________________________________________________________
4.Source of Funds (See Instructions): OO
____________________________________________________________________________
5.Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
_____________________________________________________________________________
6. Citizenship or Place of Organization: US
_____________________________________________________________________________
7. Sole Voting Power: 0
Number of _____________________________________________________________
Shares Bene-
ficially by 8. Shared Voting Power: 1,500,000 (as Managing partner in
Owned By Dutchess Private Equities Fund,
Reporting LP and Dutchess Advisors, LLC)
Person With _____________________________________________________________
9. Sole Dispositive Power: 0
______________________________________________________________
10. Shared Dispositive Power: 1,500,000 (as Managing partner in
Dutchess Private Equities Fund, LP and
Dutchess Advisors, LLC)
______________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting
Person : 1,500,000
_______________________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
_______________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11):
Approximately 15%
________________________________________________________________________________
14. Type of Reporting Person (See Instructions): IN
________________________________________________________________________________
CUSIP No.33938v406
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Dutchess Private Equities Fund, LP
____________________________________________________________________________
2.Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b)
____________________________________________________________________________
3.SEC Use Only
____________________________________________________________________________
4.Source of Funds (See Instructions): OO
____________________________________________________________________________
5.Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
_____________________________________________________________________________
6. Citizenship or Place of Organization: Delaware
_____________________________________________________________________________
7. Sole Voting Power: 0
Number of _____________________________________________________________
Shares Bene-
ficially by 8. Shared Voting Power: 1,500,000 (as Managing partner in
Owned By Dutchess Advisors, Ltd.
Reporting ______________________________________________________________
Person With 9. Sole Dispositive Power: 0
_____________________________________________________________
10. Shared Dispositive Power: 1,500,000
With Dutchess Advisors, Ltd.
______________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting
Person : 1,500,000
_______________________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
_______________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11):
Approximately 15%
________________________________________________________________________________
14. Type of Reporting Person (See Instructions): PN
________________________________________________________________________________
CUSIP No.33938v406
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Dutchess Advisors, Ltd.
____________________________________________________________________________
2.Check the Appropriate Box if a Member of a Group (See Instructions)
(a)[x]
(b)
____________________________________________________________________________
3.SEC Use Only
____________________________________________________________________________
4.Source of Funds (See Instructions): OO
____________________________________________________________________________
5.Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
_____________________________________________________________________________
6. Citizenship or Place of Organization: Connecticut
_____________________________________________________________________________
7. Sole Voting Power: 0
Number of _____________________________________________________________
Shares Bene-
ficially by 8. Shared Voting Power: 1,500,000
Owned By With Dutchess Private Equities Fund, LP
Reporting ____________________________________________________________
Person With 9. Sole Dispositive Power: 0
_____________________________________________________________
10. Shared Dispositive Power: 1,500,000 (as Managing partner in
With Dutchess Private Equities Fund, LP
______________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting
Person : 1,500,000
_______________________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
_______________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11):
Approximately 15%
________________________________________________________________________________
14. Type of Reporting Person (See Instructions): CO
________________________________________________________________________________
Item 1. Security and Issuer
Common Stock
Flexxtech Corporation
5777 W Century Blvd Suite 775
Los Angeles, CA 90045
Item 2. Identity and Background
(a) This statement is being filed by Dutchess Private Equities Fund, LP,
("DPE") Dutchess Advisors, LLC. ("DA") Michael A. Novielli ("Novielli")
and Douglas H. Leighton ("Leighton")(herein after referred to as
"Reporting Persons")
(b) DA, DPE and Leighton has principal business at 312 Stuart St, Third
Floor, Boston, MA 02116; Novielli has principal business at 100 Mill
Plain Road, Danbury, CT 06811. Leighton and Novielli are both managing
partner of DA and DPE
(c) Private Equity Fund
(d) No
(e) No
(f) DPE is a Delaware Limited Partnership. DA is a Connecticut Limited
Liability Corporation. Both Novielli and Leighton are citizens of
the United States
Item 3. Source and Amount of Funds or Other Consideration
700,000 shares were issued to DA as part of a consulting agreement
dated April 17, 2003. 800,000 shares were issued to DPE as part
of an investment agreement dated April 17, 2003
Item 4. Purpose of Transaction
DPE had acquired the shares for investment in Company. DA has received
shares for a consulting agreement with the Company
(d) The board has currently been appointed two new board members on behalf
of DPE. Leighton and Theodore J. Smith, Jr. ("Smith") currently serve
on the board of directors. Novielli joined the Company as chairman
of the board.
Item 5. Interest in Securities of the Issuer
(a)- (b)Collectively Reporting Persons own 1,500,000 shares representing
approximately 15% of current issued and outstanding shares. Leighton and
Novielli may be deemed to have a beneficial ownership in the
aforementioned shares as managing partners of DA and DPE
(c) None
(d) None
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
DPE and the Issuer are parties to a Subscription Agreement dated
April
17, 2003. DA and the Issuer are parties to a Consulting agreement
dated April 17, 2003. The Subscription Agreement and Consulting
Agreement were
previously filed by the Issuer on April 23, 2003, as Exhibits 10.3 and 10.6
respectively on Form 8-K.
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.
By DA:
By Leighton:
__________________________________________________________________
Date 6/18/03
/s/ Douglas Leighton
__________________________________________________________________
Signature
Managing Partner
__________________________________________________________________
Name/Title
__________________________________________________________________
Date 6/18/03
Managing Partner
__________________________________________________________________
Name/Title
By Novielli:
__________________________________________________________________
Date 6/18/03
/s/ Michael A. Novielli
__________________________________________________________________
Signature
By DPE
By Leighton:
__________________________________________________________________
Date 6/18/03
/s/ Douglas Leighton
__________________________________________________________________
Signature
Managing Partner
__________________________________________________________________
Name/Title
By Novielli:
__________________________________________________________________
Date 6/18/03
/s/ Michael A. Novielli
__________________________________________________________________
Signature
Managing Partner
__________________________________________________________________
Name/Title
7