sc13g
 

     
 
OMB APPROVAL
  
 
OMB Number: 3235-0145
  
 
Expires: February 28, 2009
  
 
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
(Amendment No. )*

China Security and Surveillance Technology, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
G21161 10 7
(CUSIP Number)
April 4, 2006
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o 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 disclosures 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).

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.

Person Authorized to Receive Notices and Communications:
Taylor H. Wilson, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5000
 
 

 

                     
CUSIP No.
  
G21161 10 7 
   Page  
2 
   of   
9 

 

           
1   NAMES OF REPORTING PERSONS:
The Pinnacle Fund, L.P., a Texas limited partnership
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    75-2512784
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   þ
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Texas
       
  5   SOLE VOTING POWER:
     
NUMBER OF   2,441,666
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   2,441,666
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  2,441,666
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  9.956%(1)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN
(1) Based on 24,524,667 shares of common stock outstanding as reported in China Security and Surveillance Technology, Inc.’s Report on Form 6-K filed with the Securities and Exchange Commission on April 5, 2006.

 

                     
CUSIP No.
  
G21161 10 7 
   Page  
3 
   of   
9 

 

           
1   NAMES OF REPORTING PERSONS:
Pinnacle China Fund, L.P., a Texas limited partnership
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    20-3358646
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   þ
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Texas
       
  5   SOLE VOTING POWER:
     
NUMBER OF   2,441,667
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   2,441,667
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  2,441,667
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  9.956%(1)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN
(1) Based on 24,524,667 shares of common stock outstanding as reported in China Security and Surveillance Technology, Inc.’s Report on Form 6-K filed with the Securities and Exchange Commission on April 5, 2006.

 

                     
CUSIP No.
  
G21161 10 7 
   Page  
4 
   of   
9 

 

           
1   NAMES OF REPORTING PERSONS:
Barry M. Kitt
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   þ
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   4,883,333
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   4,883,333
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  4,883,333
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  19.91%(1)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
(1) Based on 24,524,667 shares of common stock outstanding as reported in China Security and Surveillance Technology, Inc.’s Report on Form 6-K filed with the Securities and Exchange Commission on April 5, 2006.

 

                     
CUSIP No.
  
G21161 10 7 
   Page  
5 
   of   
9 
             
Item 1(a)   Name of Issuer:
 
            
    China Security and Surveillance Technology, Inc.
 
            
Item 1(b)   Address of Issuer’s Principal Executive Offices:
 
            
    Rooms 3505-06, 35th Floor
    Edinburgh Tower, The Landmark
    15 Queen’s Road Central, Hong Kong
 
            
Item 2(a)   Names of Persons Filing:
 
            
    The Pinnacle Fund, L.P.
    Pinnacle China Fund, L.P.
    Barry M. Kitt
 
            
Item 2(b)   Address of Principal Business Office:
 
            
    4965 Preston Park Blvd.
    Suite 240
    Plano, Texas 75093
 
            
Item 2(c)   Citizenship:
 
            
    See Item 4 of each cover page.
 
            
Item 2(d)   Title of Class of Securities:
 
            
    Common Stock, par value $0.01 per share
 
            
Item 2(e)   CUSIP No:
 
            
    G21161 10 7

 

 

                     
CUSIP No.
  
G21161 10 7 
   Page  
6 
   of   
9 
             
Item 3   Status of Persons Filing:
 
            
 
  (a)   o   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
 
  (b)   o   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
 
  (c)   o   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
 
  (d)   o   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
 
  (e)   o   An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
  (f)   o   An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
  (g)   o   A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
  (h)   o   A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
  (i)   o   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)   o   Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 
            
Item 4   Ownership:
 
            
    (a)   This statement is filed on behalf of The Pinnacle Fund, L.P. (“Pinnacle”), Pinnacle China Fund, L.P. (“Pinnacle China”) and Barry M. Kitt. Pinnacle Advisers, L.P. (“Advisers”) is the general partner of Pinnacle. Pinnacle Fund Management, LLC (“Management”) is the general partner of Advisers. Mr. Kitt is the sole member of Management. Pinnacle China Advisers, L.P. (“China Advisers”) is the general partner of Pinnacle China. Pinnacle China Management, LLC (“China Management”) is the general partner of China Advisers. Kitt China Management, LLC (“China Manager”) is the manager of China Management. Mr. Kitt is the sole member of China Manager. As of April 5, 2006, Pinnacle was the beneficial owner of 2,441,666 shares of common stock of China Security and Surveillance Technology, Inc. (“Common Stock”) and Pinnacle China was the beneficial owner of 2,441,667 shares of Common Stock.
 
            
        Mr. Kitt may be deemed to be the beneficial owner of the shares of Common Stock held by Pinnacle and Pinnacle China. Mr. Kitt expressly disclaims beneficial ownership of all shares of Common Stock held by Pinnacle and Pinnacle China.
 
            
    (b)   Percent of Class:
 
            
        See Item 11 of each cover page.

 

 

                     
CUSIP No.
  
G21161 10 7 
   Page  
7 
   of   
9 
             
    (c)   Number of shares as to which each person has:
  (i)   sole power to vote or to direct the vote:
See Item 5 of each cover page.
  (ii)   shared power to vote or to direct the vote:
See Item 6 of each cover page.
  (iii)   sole power to dispose or to direct the disposition of:
See Item 7 of each cover page.
  (iv)   shared power to dispose or to direct the disposition of:
See Item 8 of each cover page.
     
Item 5
  Ownership of 5% or Less of a Class:
 
    
 
  Not applicable.
 
    
Item 6
  Ownership of More than 5% 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 or Control Person:
 
    
 
  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:
 
    
 
  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

 

 

                     
CUSIP No.
  
G21161 10 7 
   Page  
8 
   of   
9 
     
 
  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.

 

 

                     
CUSIP No.
  
G21161 10 7 
   Page  
9 
   of   
9 
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.
Date: April 5, 2006
         
    THE PINNACLE FUND, L.P.
 
        
 
  By:   Pinnacle Advisers, L.P., its general partner
 
        
 
  By:   Pinnacle Fund Management, LLC, its general partner
 
        
 
  By:   /s/ Barry M. Kitt
 
       
 
      Barry M. Kitt, its sole member
 
        
 
        
    PINNACLE CHINA FUND, L.P.
 
        
 
  By:   Pinnacle China Advisers, L.P., its general partner
 
        
 
  By:   Pinnacle China Management, LLC, its general partner
 
        
 
  By:   Kitt China Management, LLC, its manager
 
        
 
  By:   /s/ Barry M. Kitt
 
       
 
      Barry M. Kitt, its sole member
 
        
 
        
    /s/ Barry M. Kitt
     
    Barry M. Kitt

 

 

EXHIBITS
     
Exhibit 1
  Joint Filing Agreement, dated April 5, 2006, by and between The Pinnacle Fund, L.P., Pinnacle China Fund, L.P. and Barry M. Kitt.