SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Endavo Media and Communications, Inc.
(formerly Ceristar, Inc.)
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.001 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
292576105
--------------------------------------------------------------------------------
(CUSIP Number)
Barry Herman
SovCap Equity Partners, Ltd.
Cumberland House, #27 Cumberland Street
P.O. Box N-10818
Nassau, New Providence, The Bahamas
(242) 356-2486
with a copy to:
Michael D. Schwamm, Esq.
Duane Morris LLP
380 Lexington Avenue
New York, NY 10168
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 20, 2004
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the reporting 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 ss.ss. 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 ss.240.13d-7(b) 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
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 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. 292576105 Page 2 of 10
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
SovCap Equity Partners, Ltd.
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds: OO
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Bahamas
--------------------------------------------------------------------------------
7. Sole Voting Power 1,410,779
Number of ---------------------------------------------
Shares Beneficially 8. Shared Voting Power 0
Owned By Each ---------------------------------------------
Reporting Person 9. Sole Dispositive Power 0
With ---------------------------------------------
10. Shared Dispositive Power 1,410,779
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,410,779
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 13.2%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) PN
--------------------------------------------------------------------------------
CUSIP No. 292576105 Page 3 of 10
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
SovCap Investment Management Group, LLC.
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds: OO
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Georgia
--------------------------------------------------------------------------------
7. Sole Voting Power 0
Number of ---------------------------------------------
Shares Beneficially 8. Shared Voting Power 0
Owned By Each ---------------------------------------------
Reporting Person 9. Sole Dispositive Power 0
With ---------------------------------------------
10. Shared Dispositive Power 1,410,779
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,410,779
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 13.2%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
--------------------------------------------------------------------------------
CUSIP No. 292576105 Page 4 of 10
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
Paul Hamm
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds: OO
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
United States
--------------------------------------------------------------------------------
7. Sole Voting Power 1,124
Number of ---------------------------------------------
Shares Beneficially 8. Shared Voting Power 0
Owned By Each ---------------------------------------------
Reporting Person 9. Sole Dispositive Power 1,124
With ---------------------------------------------
10. Shared Dispositive Power 1,410,779
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,411,903
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 13.2%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
--------------------------------------------------------------------------------
CUSIP No. 292576105 Page 5 of 10
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
Peter Martin
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds: OO
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
United States
--------------------------------------------------------------------------------
7. Sole Voting Power 0
Number of ---------------------------------------------
Shares Beneficially 8. Shared Voting Power 0
Owned By Each ---------------------------------------------
Reporting Person 9. Sole Dispositive Power 0
With ---------------------------------------------
10. Shared Dispositive Power 1,410,779
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,410,779
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 13.2%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
--------------------------------------------------------------------------------
CUSIP No. 292576105 Page 6 of 10
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
AlphaWest Capital Partners LLC.
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds: OO
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
7. Sole Voting Power 0
Number of ---------------------------------------------
Shares Beneficially 8. Shared Voting Power 0
Owned By Each ---------------------------------------------
Reporting Person 9. Sole Dispositive Power 0
With ---------------------------------------------
10. Shared Dispositive Power 0
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 0
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) N/A
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
--------------------------------------------------------------------------------
CUSIP No. 292576105 Page 7 of 10
--------------------------------------------------------------------------------
This Amendment No. 1 amends, as set forth below, certain items of the Schedule
13D filed on behalf of SovCap Equity Partners, Ltd. ("SovCap EP"), SovCap
Investment Management Group, LLC ("SovCap IMG"), AlphaWest Capital Partners LLC
("AlphaWest"), Paul Hamm ("Hamm") and Peter Martin ("Martin") with the
Securities and Exchange Commission on August 24, 2004 (the "Statement") with
respect to the Common Stock, par value $0.001 per share (the "Common Stock") of
Endavo Media and Communications, Inc. (formerly Ceristar, Inc.). Except as
amended hereby, the Statement remains in full force and effect.
Item 1. Security and Issuer
-------------------
The class of equity securities to which this statement relates is the
common stock, par value $.001 per share (the "Common Stock"), of Endavo Media
and Communications, Inc. (formerly Ceristar, Inc.)., a Delaware corporation (the
"Company" or "Endavo"), which has its principal executive offices at 50 West
Broadway, Suite 1100, Salt Lake City, Utah 84119.
Item 3. Source and Amount of Funds or Other Consideration
-------------------------------------------------
On September 20, 2004, SovCap EP exercised its right to convert four
promissory notes in aggregate principal amount of $482,500 (together with
accrued interest and the repayment premium), at a conversion price of $0.0273
per share, and received 19,139,651 shares of Common Stock,. These Notes were
then in Default as a result of non-payment following demand; accordingly the
Conversion Cap was not applicable to these Notes.
On September 23, 2004, AlphaWest received 133,823 shares of Common
Stock in exchange for consulting services pursuant to the terms of a consulting
agreement between the Company and AlphaWest, dated December 15, 2003.
On September 23, 2004, SovCap EP exchanged 34,383,218 shares of Common
Stock for 3,581,585 shares of Series A Convertible Preferred Stock (the "Series
A Preferred Stock"). On the same date, AlphaWest exchanged 430,881 shares of
Common Stock for 44,883 shares of Series A Preferred Stock. The exchange was
made pursuant to an exchange offer made by the Company to all holders of its
common stock. Each share of Series A Preferred Stock has a liquidation
preference of $0.001 per share, is convertible, at any time after 12 months from
issuance, into 9.6 shares of Common Stock, is not entitled to dividends and
votes together with the Common Stock , as a single class, which each share
entitled to such number of votes as the number of shares of Common Stock into
which it is then entitled (without regard to the prohibition on conversion for
the first year). As the Series A Preferred Stock is not currently convertible,
the holder is not deemed to beneficially own the underlying shares of Common
Stock into which the Series A Preferred Stock will be convertible.
On September 23, 2004, the Board of Directors of the Company authorized
a reduction in the total number of shares of Common Stock of the Company at the
ratio of one new share for 16 old shares. Accordingly, the 43,295,677 shares of
Common Stock then issued and outstanding was reduced to 2,705,980.
On October 28, 2004, SovCap EP exercised its right to convert three
promissory notes in aggregate principal amount of $690,000 (together with
accrued interest and the repayment premium), at a conversion price of $0.5745
per share, and received 1,380,285 shares of Common Stock. These Notes were then
in Default as a result of non-payment following demand; accordingly the
Conversion Cap was not applicable to these Notes.
CUSIP No. 292576105 Page 8 of 10
--------------------------------------------------------------------------------
Item 4. Purpose of Transaction
----------------------
The reporting persons continue to hold their shares of capital stock of
the Company for investment purposes and each of the reporting persons has and
continues to reevaluate its plans with respect to its investment in Endavo. As a
result of its ownership of the Common Stock and Series A Preferred, SovCap EP
has the ability to exercise control over the policies of the Company should it
determine to do so in order to protect its investment. However, SovCap EP has
not yet exercised its voting control to effect any change it the structure,
policies or management of the Company; although it has voted to approve certain
amendments to the Company's certificate of incorporation proposed by management.
Except as set forth above, none of the reporting persons currently has any plans
or proposals which related to or would have result in: (a) the acquisition or
disposition by any person of additional securities of Endavo or disposition of
securities of Endavo, (b) an extraordinary corporate transaction, such as a
merger, reorganization or liquidation involving Endavo, (c) a sale or transfer
of a material amount of assets of Endavo or any of its subsidiaries, (d) any
change in the board of directors or management of Endavo, including any plans or
proposals to change the number or term of directors or to fill any existing
vacancies on the board, (e) any material change in the present capitalization or
dividend policy of Endavo, (f) any other material change in Endavo's business or
corporate structure, (g) any change in Endavo's charter, by-laws or instruments
corresponding thereto or other actions which would have impeded the acquisition
of control of Endavo by any person, (h) a class of securities of Endavo to be
delisted from a national securities exchange or cease being authorized to be
quoted in an inter-dealer quotation system of a registered national securities
association, (i) a class of equity securities of Endavo becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934 or (j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
------------------------------------
(a)(i) SovCap EP is currently the beneficial owner of 1,410,779
shares (13.2%) of Common Stock. SovCap EP also holds 3,581,585 shares of Series
A Preferred Stock. SovCap EP has sole voting power but shares dispositive power
with SovCap IMG, its investment manager, with respect to the securities of the
Company owned by SovCap EP.
(ii) SovCap IMG may be deemed to beneficially own the 1,410,779
shares (13.2%) of Common Stock) and the 3,581,585 shares of Series A Preferred
Stock) beneficially owned by SovCap EP as a result of its shared dispositive
power with respect to the securities of the Company owned by SovCap EP. SovCap
IMG does not beneficially own any securities of the Company, other than the
securities of the Company owned by SovCap EP and disclaims beneficial ownership
of the shares held by SovCap EP.
(iii) AlphaWest does not beneficially own and shares of Common
Stock; although it does own 44,883 shares of Series A Preferred Stock. AlphaWest
may be deemed to share voting and dispositive power with respect to these shares
with Hamm, the sole member and manager of AlphaWest.
(iv) Hamm is currently the beneficially owner of 1,124 shares (less
than 0.1%) of Common Stock, Hamm may also be deemed to own the 44,883 shares of
Series A Preferred Stock owned by AlphaWest, of which Hamm is the sole member.
Hamm, as a managing member of SovCap IMG, may be deemed to beneficially own any
shares beneficially owned by SovCap IMG, however Hamm disclaim beneficial
ownership of the shares held by SovCap EP.
(v) Martin, as a managing members of SovCap IMG, may be deemed to
beneficially own any shares beneficially owned by SovCap IMG. Martin does not
beneficially owns any shares of capital stock, other than the shares of Common
Stock owned by SovCap EP, and disclaims beneficial ownership of the shares held
by SovCap EP.
CUSIP No. 292576105 Page 9 of 10
--------------------------------------------------------------------------------
The foregoing percentages are based on 10,717,983 shares of Common
Stock issued and outstanding on November 19, 2004 (as provided by the Company),.
(b) Except as to shares for which the reporting person disclaims
beneficial ownership or as set forth above, each reporting person has the sole
power to vote or direct the vote and the sole power to dispose or to direct the
disposition of the securities reported for it or him.
(c) Except as set for forth above, none of the reporting persons had
any transaction in the Common Stock of the Company since July 29, 2004.
(d) No other person has the right to receive or the power to direct
the receipt of dividends from, and the proceeds of sale of, the securities
reported herein as being beneficially owned by each reporting person.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
---------------------------------------------------------------------
None of the reporting person is a party to any contract, arrangement,
understanding or relationship (legal or otherwise) among the reporting persons
named in Item 2 and between such persons and any person with respect to any
securities of the Company , including but not limited to transfer or voting of
any of the securities, finder's fees, joint ventures, loan or option
arrangements, put or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits
--------------------------------
1. Joint Filing Agreement, dated August 20, 2004, among SovCap Equity
Partners, Ltd., SovCap Investment Management Group, LLC, Paul Hamm, Peter
Martin, and AlphaWest Capital Partners LLC. (Incorporated by reference to the
Schedule 13D, filed by the reporting persons on August 20, 2004).
CUSIP No. 292576105 Page 10 of 10
--------------------------------------------------------------------------------
SIGNATURES
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: November 30, 2004
SOVCAP EQUITY PARTNERS, LTD.
By /s/ BARRY W. HERMAN
-------------------------------
Name: Barry W.; Herman
Title: Director
SOVCAP INVESTMENT MANAGEMENT
GROUP, LLC.
By /s/ PAUL HAMM
-------------------------------
Name: Paul Hamm
Title: Director
/s/ PAUL HAMM
----------------------------------
Paul Hamm
/s/ PETER MARTIN
----------------------------------
Peter Martin
ALPHAWEST CAPITAL PARTNERS LLC.
By /s/ PAUL HAMM
-------------------------------
Name: Paul Hamm
Title: Manager