American Resources & Development Co – ‘SC 13G’ on 2/13/97 re: Golf Communities of America Inc

As of:  Thursday, 2/13/97   ·   Accession #:  931731-97-26   ·   File #:  5-49747

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Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                      4     14K 

Document Table of Contents

SC 13G
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

 Under the Securities Exchange Act of 1934

 (Amendment No. )*

______________________________Golf Ventures, Inc. _____________________________ 
(Name of Issuer)

_________________________________Common Stock    _              ______________  
(Title of Class of Securities)

_________________________________381 682 202_                     ______________
(CUSIP Number)  

*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 on 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).                                                                         

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SC 13G
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SCHEDULE 13G

=======================                                =========================
CUSIP NO.  381 682 202                                 Page   2   of   4   Pages
=======================                                =========================

================================================================================

1         NAME OF REPORTING PERSON                                            
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON         

Leasing Technology Incorporated                           

--------------------------------------------------------------------------------

2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a) |_| 
                                                                     (b) |_|

--------------------------------------------------------------------------------

3         SEC USE ONLY                                                        

--------------------------------------------------------------------------------

4         CITIZENSHIP OR PLACE OR ORGANIZATION                                

UTAH                                                      

--------------------------------------------------------------------------------

                                   5           SOLE VOTING POWER
                                       2,582,438
NUMBER OF                                                   
           SHARES                        ---------------------------------------
BENEFICIALLY                                                    
    OWNED BY                         6           SHARED VOTING POWER
EACH                                       NA           
         REPORTING                       ---------------------------------------
PERSON                                                    
         WITH                           7           SOLE DISPOSITIVE POWER
                                     531,981

                                         ---------------------------------------

                                          8           SHARED DISPOSITIVE POWER
                                NA

--------------------------------------------------------------------------------

9          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         
2,582,438                                                 

--------------------------------------------------------------------------------

10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                         |_|
--------------------------------------------------------------------------------

11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                    
66.2%                                                     
--------------------------------------------------------------------------------

12         TYPE OF REPORTING PERSON*                                            
CO                                                        
================================================================================

 *SEE INSTRUCTIONS BEFORE FILLING OUT!

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SC 13G
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Item 1. Name and Address of Issuer.                                             

      (a)     This statement relates to Golf Ventures, Inc., a  Utah corporation
(the "Company").                                    

      (b)     The principal executive offices of the  Company are located at 102
   West 500 South, Suite 400, Salt Lake City, Utah  84101.

Item 2.       Identity and Background.                                          

      (a)     This  statement  is  filed  by   Leasing  Technology  Incorporated
("LTI").                                            

      (b)     The principal business address of LTI is 102 West 500 South, Suite
400, Salt Lake City, Utah  84101.                   

(c)     LTI was organized under the laws of Utah.                   

      (d)     This  statement  relates  to the common stock, par value $.001 per
share (the "Common Stock") of the Company.          

(e)     The CUSIP number of the Company is 381 682 202.             

Item 3.       Not Applicable.                                                   

Item 4.       Ownership.                                                        

      (a)     LTI  beneficially  owns  2,582,438 shares of Common Stock of which
              531,981 shares are held of record by LTI. The balance of 2,050,457
              shares  represents  the  number  of  votes attributable to 287,064
              shares  of  the Company's Series B Preferred Stock owned by Banque
              SCS  Alliance  SA  which has delivered a proxy to LTI to vote such
shares.                                             

      (b)-(c) Items  5-9  and  11  of the cover page of this Schedule 13G, which
              relate to the beneficial  ownership  of  shares by LTI, are hereby
              incorporated by reference in response to this item.  The number of
              shares as to which LTI has the sole power to vote or to direct the
              vote  includes  the  2,050,457  votes  attributable to the 287,064
              shares of Series B Preferred Stock referred to in paragraph (a) of
this Item 4.                                        

Item 5.       Not Applicable.                                                   

Item 6.       Not Applicable.                                                   

Item 7.       Not Applicable.                                                   

Item 8.       Not Applicable.                                                   

Item 9.       Not Applicable.                                                   

Item 10.      Not Applicable.                                                   

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SC 13G
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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 13, 1997                                                               

                                                 Leasing Technology Incorporated

                                                By:________/s/ Stephen Spencer__
                                                             Stephen Spencer

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13G’ Filing		Date		First		Last			Other Filings
Filed on:		2/13/97		4					10QSB
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