Skyes Corp – ‘SC 13D’ on 2/11/99 re: Decor Group Inc

As of:  Thursday, 2/11/99   ·   Accession #:  950116-99-188   ·   File #:  5-54273

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              5     23K 

Document Table of Contents

SC 13D
1st Page of 5
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
                                              ----------------------------------
                                            OMB APPROVAL
                                              ----------------------------------
                                              OMB Number:            3235-0145
                                      Estimated average burden
                                              hour per form..............14.90
                                              ----------------------------------

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

SCHEDULE 13D

 Under the Securities Exchange Act of 1934
 (Amendment No. 1 )*

 DECOR GROUP, INC.
--------------------------------------------------------------------------------
(Name of Issuer)

Common Stock
--------------------------------------------------------------------------------
 Title of Class of Securities)

 243592-30-0
--------------------------------------------------------------------------------
(CUSIP Number)

Steven Morse, Esq., Lester Morse P.C.,
111 Great Neck Rd., Great Neck, NY 11021 (516-487-1446) 
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)

February 8, 1999
--------------------------------------------------------------------------------
 (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 which is the subject of this Schedule 13D, and is filing this   
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.       

Check the following box if a fee is being paid with the statement |_|. (A fee is
not required only if the reporting person: (1) has a previous statement on file 
reporting beneficial ownership of more than five percent of the class of        
securities described in Item 1; and (2) has filed no amendment subsequent       
thereto reporting beneficial ownership of five percent or less of such class.)  
(See Rule 13d-7.)                                                               

Note: Six copies of this statement, including all exhibits, should be filed with
the Commission.  See Rule 13d-1(a) for other parties to whom copies are 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      
("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).   

1 

SC 13D
2nd Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 2nd
SCHEDULE 13D
_______________________                                  _______________________

CUSIP No. 243592-30-0                                      Page 2 of 5 Pages  
_______________________                                  _______________________

1      NAME OF REPORTING PERSONS                                        
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS        

Skyes Corp. ID# 11-3269920                      
________________________________________________________________________________

   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)  [ ]
                                                                      (b)  [ ]
________________________________________________________________________________

3      SEC USE ONLY                                                     
________________________________________________________________________________

4      SOURCE OF FUNDS*                                                 
Not Applicable.                                   
________________________________________________________________________________

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED          
          PURSUANT TO ITEM 2(d) OR 2(e)                                    [ ]
________________________________________________________________________________

6      CITIZENSHIP OR PLACE OR ORGANIZATION                             
Delaware                                        
________________________________________________________________________________
|     |                                           
NUMBER OF    |  7  |   SOLE VOTING POWER                                    
SHARES      |     |        200,000                                        
BENEFICIALLY   |_____|__________________________________________________________
OWNED BY     |     |                                                        
EACH        |  8  |   SHARED VOTING POWER                                 
REPORTING     |     |                                                         
PERSON WITH    |_____|__________________________________________________________
|     |                                           
|  9  |   SOLE DISPOSITIVE POWER                  
|     |       200,000                             
               |_____|__________________________________________________________
|     |                                           
| 10  |   SHARED DISPOSITIVE POWER                
|     |                                           
_______________|_____|__________________________________________________________

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       
200,000               
________________________________________________________________________________

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES             
         CERTAIN SHARES*                                                   [ ]
________________________________________________________________________________

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 
10.2%                                           
________________________________________________________________________________

14     TYPE OF REPORTING PERSON*                                          
CO                                              
________________________________________________________________________________
 *SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
 *SEE INSTRUCTIONS BEFORE FILLING OUT!

2 

SC 13D
3rd Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 3rd
SCHEDULE 13D
_______________________                                  _______________________

CUSIP No. 243592-30-0                                      Page 3 of 5 Pages  
_______________________                                  _______________________

Item 1.  Security and Issuer                                                    

      This statement relates to the Common Stock of Decor Group, Inc. (the
"Issuer").  The Issuer's executive office is located at 320 Washington Street,  
Mt. Vernon, NY 10553.                                                           

Item 2.  Identity and Background                                                

Warren Schreiber - Control person of Skyes Corp.    
----------------                                    
(a)  Warren Schreiber                                         

(b)  64 Shelter Lane, Roslyn, New York 11577                  

(c)  Consultant                                               

(d)  Not applicable.                                          

   (e)  On September 7, 1995, the Market Surveillance Committee (now
              and hereinafter referred to the Market Regulation Committee "MRC")
           issued a decision in which Warren Schreiber was censured, fined
         $100,000, barred from association with any NASD member in any
            capacity, and assessed costs of $22,104.45. This decision, which
       was appealed to the Securities and Exchange Commission (the
              "Commission"), found that Mr. Schreiber (i) knowingly participated
              at various times in the unregistered distribution of securities of
          a company unrelated to the Issuer in violation of Article III,
             Section 1 of the NASD's Rules of Fair Practice (now and hereafter
       referred to as Conduct Rule 2110); (ii)) knowingly employed
       manipulative and deceptive practices in connection with the
              acquisition of securities to obtain control of a company unrelated
         to the Issuer in violation of Conduct Rule 2110, Article III,
             Section 18 of the Rules, Section 10(b) of the Securities Exchange
             Act and Rule 10b-5 thereunder; (iii) recommended and effected the
           purchase of stock of a company unrelated to the Issuer while in
           possession of material, non-public information, in violation of
              Conduct Rules 2110 and 2120, and Section 10(b) of the Exchange Act
              and Rule 10b-5 thereunder; (iv) engaged in securities transactions
             with or on behalf of customers without disclosing that Castleton,
             Rhodes, Inc. (the "Firm") and the company unrelated to the Issuer
            were under common control, in violation of Conduct Rule 2110 and
              Article III, Section 13 of the Rules (now and hereinafter referred
   to as Conduct Rule 2240, and (v) engaged in an improper
           distribution of equity securities issued by an affiliate of the
        Firm in violation of Conduct Rule 2110 and Schedule E of the
           NASD's By-Laws (now and hereinafter referred to as Conduct Rule
        2720). The Commission found that in its decision, the NASD's
             market surveillance committee made generalized findings as to the
             credibility of a key witness and Mr. Schreiber and that the MRC'S
      decision did not, however, reflect whether the fact-finder
             considered substantial evidence that contradicted these findings.
           The Commission determined that it could not complete its review
              function in this matter until the NASD has provided the Commission
              with clarification of the basis of its credibility determinations.
              The Commission's remand will permit the NASD to discuss explicitly
           the record evidence bearing on witness credibility. In ordering
              the remand the Commission expressed no view on the outcome of this
              proceeding. The SEC ordered that the sanctions imposed by the NASD
be vacated and remanded the proceeding to the NASD. 

(f)  U.S.A.                                                   

3 

SC 13D
4th Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 4th
SCHEDULE 13D
_______________________                                  _______________________

CUSIP No. 243592-30-0                                      Page 4 of 5 Pages  
_______________________                                  _______________________

Skyes Corp.                                         
-----------                                         
(a)  Skyes Corp.                                              

(b)  64 Shelter Lane, Roslyn, NY 11577                        

(c)  Consultant                                               

(d)  Not applicable.                                          

(e)  Not applicable.                                          

(f)  Delaware                                                 

Item 3.  Source and Amount of Funds or Other Consideration                      

Services Rendered.                                            

Item 4.  Purpose of Transactions                                                

        Except as described below, Skyes Corp. has no plans or proposals which
     relate to or would result in the matters described in (a) - (j), it
      being understood that the Skyes Corp. is not an inside person of the
        Issuer and is not in possession of non-public information. Skyes Corp.
       is aware that the Issuer intends to merger with Interiors, Inc., with
Interiors, Inc. as the surviving corporation.                 

    The purpose of Skyes Corp. acquiring shares of Common Stock of the
Issuer is as described below:                                 

        The Issuer and Skyes Corp. entered into an agreement pursuant to which
        Skyes Corp. is providing certain merger and acquisition consulting and
         advisory services to the Issuer in connection with the Issuer's pending
      merger with Interior's Inc. The acquisition of 200,000 shares of the
       Issuer's Common Stock by Skyes Corp. was a fee received in connection
 with the consulting agreement and services provided thereunder.

Item 5.  Interest in Securities of the Issuer                                   

      (a) - (b) As of October 30, 1998, the Issuer has 1,959,171 shares of
    Common Stock outstanding. Of the 1,959,171 shares of Common Stock,
 200,000 are owned by Skyes Corp., which represents 10.2% of the
      outstanding Common Stock. The Skyes Corp. has the sole right to vote
and right to dispose of such Common Stock.                    

Not applicable.                                               

(d) - (e) Not Applicable                                      

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect  
to the Securities of the Issuer                               

None, except for the fees paid in connection with the Issuer's
agreement with Skyes Corp.                                    

4 

SC 13D
Last Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 5th
SCHEDULE 13D
_______________________                                  _______________________

CUSIP No. 243592-30-0                                      Page 5 of 5 Pages  
_______________________                                  _______________________

Item 7.  Materials to be filed as Exhibits                                      

Agreement between Skyes Corp. and the Issuer.                 

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:  February 8, 1999                                                        

Reporting Person:    Skyes Corp.                                                

Signature By: /s/ Warren Schreiber                                              
---------------------------------                   
Warren Schreiber, President                 

5 

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed on:		2/11/99							None on these Dates
		2/8/99		1		5
		10/30/98		4
		9/7/95		3
									List all Filings