Park Street Investments Inc/Adv – ‘SC 13D’ on 6/16/98 re: Oasis Resorts International Inc/NV

As of:  Tuesday, 6/16/98   ·   Accession #:  1013176-98-25   ·   File #:  5-52221

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              3     19K 

Document Table of Contents

SC 13D
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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. ____ )               

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)               

May 4, 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  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  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).                       

SC 13D
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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)  (  )           
N/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                     352,680 (9.4%)                                    
SHARES                                                                          
BENEFICIALLY            8)  SHARED VOTING POWER                                 
OWNED BY                      -0-                                               
EACH                                                                            
REPORTING               9)  SOLE DISPOSITIVE POWER                              
PERSON WITH                   352,680 (9.4%)                                    

10)  SHARED DISPOSITIVE POWER     
-0-                 

11)       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING                 
PERSON                                                      
352,680                                                     

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

13)       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                    
9.4%                                                        

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

SC 13D
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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") is a Kansas corporation with principal               
executive offices at 2133 East 9400 South, Suite 151, Sandy, Utah               
84093.                                                                          

Item 2.  Identity and Background                                                

(a)       This statement is filed by Park Street Investments,                   
Inc., a Utah corporation ("Park Street").                                       

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

(c)       The principal business of Park Street is providing                    
financial and business consulting services.                                     

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

(e)       During the last five years, Park Street 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)       United States                                                         

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 for expenses                
paid on behalf of the Issuer.                                                   

Item 4.  Purpose of Transaction                                                 

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.                                       

The Issuer entered into a Financial Consulting Agreement with                   
Park Street dated July 1, 1997 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.                 

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.                 

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.                                                    

/s/                                                                             
Ken Kurtz, President                                                            

Dated:        6/2/98                                                            

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed on:		6/16/98
		5/12/98		3
		5/4/98		1		3
		5/1/98		3					8-K,  8-K/A
		4/8/98		3
		8/31/97		3					10KSB
		7/1/97		3
		8/8/96		3
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