UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. ____ )
(Name of Issuer)
Common Stock, par value $0.10
(Title of Class of Securities)
339385 20 5
Ken Kurtz, 2133 East
9400 South, Suite 151, Sandy, Utah84093
(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
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).
CUSIP No. 339385 20 51) 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
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13) TYPE OF REPORTING PERSON
Park Street --- CO
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, Utah84093.
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, Utah84093.
(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 OtherConsideration", 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
(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.
Ken Kurtz, President
Dates Referenced Herein and Documents Incorporated by Reference