Park Street Investments Inc/Adv – ‘SC 13D/A’ on 9/30/98 re: Oasis Resorts International Inc/NV

As of:  Wednesday, 9/30/98   ·   Accession #:  1068734-98-16   ·   File #:  5-52221

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Schedule 13D - Amendment No. 1                         6     29K 
 2: EX-10       Material Contract                                      1      6K 

SC 13D/A   —   Schedule 13D – Amendment No. 1
Document Table of Contents

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

SCHEDULE 13D                
Under the Securities Exchange Act of 1934                 
(Amendment No. 1 )                

Flexweight Corporation                
-----------------------------                 
(Name of Issuer)                

Common Stock, par value $0.10                 
--------------------------------------                
(Title of Class of Securities)                

339385 20 5                 
---------------                 
(CUSIP Number)                

Ken Kurtz, 2133 East 9400 South, Suite 151, Sandy, Utah 84093             
-------------------------------------------------------------             
(Name, address and telephone number of person authorized to receive             
notices and communications)                 

September 17, 1998                  
-------------------                 
(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 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 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 disclosure 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).                 

Potential persons who are 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.                        

SC 13D/A
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SCHEDULE 13D  
CUSIP No.  339385 20 5                                                        
------------------------------------------------------------------------------  
1)   NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE       
PERSON                                                                
Park Street Investments, Inc. ("Park Street")  ---  87-0517103                

------------------------------------------------------------------------------  
2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (A)  (  )      
                                                           (B)  (  )

------------------------------------------------------------------------------  
3)   SEC USE ONLY                                                               

------------------------------------------------------------------------------  
4)   SOURCE OF FUNDS                                                            
OO                                                                            

------------------------------------------------------------------------------  
5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO       
ITEMS 2(d) or 2(e).    (    )                                         

------------------------------------------------------------------------------  
6)   CITIZENSHIP OR PLACE OF ORGANIZATION                                       
Park Street was organized in the State of Utah.                               

------------------------------------------------------------------------------  
7)  SOLE VOTING POWER         
NUMBER OF                     -0- (0%)                                          
SHARES                   --------------------------------------------------     
BENEFICIALLY             8)  SHARED VOTING POWER                                
OWNED BY                      975,724 (6.0%)                                    
EACH                     --------------------------------------------------     
REPORTING                9)  SOLE DISPOSITIVE POWER                             
PERSON WITH                   -0- (0%)                                          
                      --------------------------------------------------
10) SHARED DISPOSITIVE POWER  
975,724 (6.0%)      
------------------------------------------------------------------------------  
11)  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               
975,724 Shares  (Directly owned)                                            

------------------------------------------------------------------------------  
12)  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES      
(  )                                                                        

------------------------------------------------------------------------------  
13)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                         
6.0%                                                                        

------------------------------------------------------------------------------  
14)  TYPE OF REPORTING PERSON                                                   
Park Street  ---  CO                                                        

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

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SCHEDULE 13D  
CUSIP No.  339385 20 5                                                        
------------------------------------------------------------------------------  
1)   NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE       
PERSON                                                                
Ken Kurtz  ---  366-64-7232                                                   

------------------------------------------------------------------------------  
2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (A)  (  )      
                                                           (B)  (  )

------------------------------------------------------------------------------  
3)   SEC USE ONLY                                                               

------------------------------------------------------------------------------  
4)   SOURCE OF FUNDS                                                            
OO                                                                            

------------------------------------------------------------------------------  
5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO       
ITEMS 2(d) or 2(e).    (    )                                         

------------------------------------------------------------------------------  
6)   CITIZENSHIP OR PLACE OF ORGANIZATION                                       
Ken Kurtz is a US citizen                                                     

------------------------------------------------------------------------------  
7)  SOLE VOTING POWER         
NUMBER OF                     -0- (0%)                                          
SHARES                   --------------------------------------------------     
BENEFICIALLY             8)  SHARED VOTING POWER                                
OWNED BY                      975,724 (6.0%)                                    
EACH                     --------------------------------------------------     
REPORTING                9)  SOLE DISPOSITIVE POWER                             
PERSON WITH                   -0- (0%)                                          
                      --------------------------------------------------
10) SHARED DISPOSITIVE POWER  
975,724 (6.0%)      
------------------------------------------------------------------------------  
11)  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               
975,724 Shares  (Indirectly owned through Park Street Investments, Inc.)    

------------------------------------------------------------------------------  
12)  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES      
(  )                                                                        

------------------------------------------------------------------------------  
13)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                         
6.0%                                                                        

------------------------------------------------------------------------------  
14)  TYPE OF REPORTING PERSON                                                   
Ken Kurtz  --- IN                                                             

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

SC 13D/A
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Item 1.  Security and Issuer                                                    

This statement relates to common stock, par value $0.10 per share, of           
Flexweight Corporation ("Common Stock").  Flexweight Corporation ("Flexweight"  
or "Issuer") is a Kansas corporation with principal executive offices at 915    
North Wells Avenue, Wendover, Nevada 89883.                                     

Item 2.  Identity and Background                                                

(a)  This statement is filed by Park Street Investments, Inc., a Utah           
corporation ("Park Street") and Ken Kurtz, an individual and sole     
officer/director and shareholder of Park Street.                      

(b)  The business address for both Park Street and Ken Kurtz is 2133 East       
9400 South, Suite 151, Sandy, Utah 84093.                             

(c)  The principal business of Park Street is providing financial and           
business consulting services.  Ken Kurtz is the sole officer/director 
and shareholder of Park Street.                                       

(d)  During the last five years, Park Street and Ken Kurtz have not been        
convicted in a criminal proceeding (excluding traffic violations and  
similar misdemeanors)                                                 

(e)  During the last five years, Park Street and Ken Kurtz was not party to a   
civil proceeding that resulted 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)  Park Street is a Utah corporation.  Ken Kurtz is a U.S. citizen.           

Item 3.  Source and Amount of Funds or Other Consideration                      

On August 8, 1996, Park Street received 97,612 shares of Common Stock of the    
Issuer as compensation by way of engagement fee.  On April 8, 1998 the          
Majority Shareholders of the Issuer effected a 1-for-100 reverse stock split    
on the Company's issued and outstanding Common Stock.                           

On May 4, 1998, Park Street received 349,000 post reverse split shares of       
Common Stock of the Issuer as compensation for consulting services pursuant to  
a Financial Consulting Agreement dated July 1, 1997 and a Reorganization        
Agreement dated May 1, 1998.                                                    

On May 12, 1998, Park Street received 2,703 additional post reverse split       
shares of the Issuer for expenses paid on behalf of the Issuer.                 

On September 16, 1998, Park Street received 300,000 shares of Common Stock of   
the Issuer as a partial payment for work and services provided pursuant to a    
Financial Consulting Agreement dated June 1, 1998 with the Issuer.              

On September 17, 1998, Park Street received an additional 333,333 shares of     
Common Stock of the Issuer in final payment for work and services provided      
pursuant to a Financial Consulting Agreement dated June 1, 1998 with the        
Issuer.                                                                         

Park Street and Ken Kurtz share the voting power on the 975,724 shares (6.0%)   
of Flexweight Corporation.  Park Street directly controls the shares.  Mr.      
Kurtz is the sole officer/director and shareholder of Park Street and           
therefore indirectly controls the shares held by Park Street.                   

SC 13D/A
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Item 4.  Purpose of Transaction                                                 

The purpose of the transactions was to obtain payment for consulting services   
and work performed by Park Street for the benefit and assistance of the         
Issuer.  Also, please see Item 3, "Source and Amount of Funds or Other          
Consideration", above.                                                          

Item 5.  Interest in Securities of the Issuer                                   

(a)  The aggregate number and percentage of class of securities identified      
  pursuant to Item 1 beneficially owned by each person named in Item 2 may
be found in rows 11 and 13 of the cover page.                         

(b)  The powers each person identified in the preceding paragraph has relative  
 to the shares discussed herein may be found in rows 7 through 10 of the
cover page.                                                           

(c)  There were no transactions in the class of securities reported on that     
were effected during the last sixty days aside from those discussed   
herein.                                                               

(d)  No person aside from the reporting persons listed herein has the right to  
   receive or power to direct the receipt of dividends from, or the proceeds
from the sale of, such securities.                                    

(e)  Not Applicable.                                                            

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

On July 1, 1997 the Issuer entered into a Financial Consulting Agreement with   
Park Street for an initial term of two years, whereby Park Street was to        
provide the Issuer with consulting services.  On May 1, 1998 the Issuer and     
its subsidiary Flex Holdings, Inc., a Nevada corporation, signed a              
Reorganization Agreement, whereby Park Street was to be issued 349,000 shares,  
registered under Section S-8 of the Securities Act, as amended.                 

On May 22, 1998 the Issuer signed a Recognition of Services Preformed and       
Receipt of Payment Thereof with Park Street, whereby Park Street recognized     
payment in full under the Financial Consulting Agreement dated July 1, 1997.    

On June 1, 1998 the Issuer entered into a Financial Consulting Agreement with   
Park Street for an initial term of three months, whereby Park Street was to     
provide the Issuer with consulting services.                                    

Item 7.  Material to Be Filed as Exhibits.                                      

Financial Consulting Agreement dated July 1, 1997 by and between Park Street    
Investments, Inc. and Flexweight Corporation, incorporated herein by reference  
from the Issuer's report on Form 10-K for the fiscal year ended August 31,      
1997.                                                                           

Reorganization Agreement dated May 1, 1998 by and between Flexweight            
Corporation, Flex Holdings, Inc. and Oasis Hotel, Resort & Casino - III, Inc.,  
incorporated herein by reference from the Issuer's Current Report on Form 8-K   
dated May 1, 1998.                                                              

Recognition of Services Preformed and Receipt of Payment Thereof dated May 22,  
1998 by and between Park Street Investments, Inc. and Flexweight Corporation    
attached hereto as Exhibit "A" and incorporated herein by reference.            

SC 13D/A
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Financial Consulting Agreement dated June 1, 1998 by and between Park Street    
Investments, Inc. and Flexweight Corporation, incorporated herein by reference  
from the Issuer's Registration Statement filed on Form S-8 dated September 16,  
1998.                                                                           

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.                                                                        

Park Street Investment, Inc.            Ken Kurtz                               

Ken Kurtz                             Ken Kurtz                             
--------------------------------        --------------------------------        
Ken Kurtz, President                    Ken Kurtz, an individual                

Dated:   09/29/98                       Dated:   09/29/98                       

Attention: Intentional misstatements or omissions of fact constitute Federal    
criminal violations (See 18 U. S.C. 1061).                                      

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D/A’ Filing		Date		First		Last			Other Filings
Filed on:		9/30/98							10QSB,  SC 13D/A
		9/17/98		1		4			S-8 POS,  SC 13D
		9/16/98		4		6			S-8
		6/1/98		4		6
		5/22/98		5
		5/12/98		4
		5/4/98		4
		5/1/98		4		5			8-K,  8-K/A
		4/8/98		4
		8/31/97		5					10KSB
		7/1/97		4		5
		8/8/96		4
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