SOURCE: Network 1 Financial Group, Inc.

Network 1 Financial Group, Inc. - 10-D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

 

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

Notice of Exempt Offering of Securities

OMB APPROVAL

OMB Number:

3235-0076

Expires:

August 31, 2015

Estimated average burden

hours per response:

4.00


1. Issuer's Identity

CIK (Filer ID Number)

Previous Names

  

None

Entity Type

0001057695

INTERNATIONAL SMART SOURCING INC

CHINAB2BSOURCING COM INC

INTERNATIONAL PLASTIC TECHNOLOGIES INC

International Smart Sourcing, Inc.

ChinaB2BSourcing Com Inc.

International Plastic Technologies, Inc.

X

Corporation

  

Limited Partnership

  

Limited Liability Company

  

General Partnership

  

Business Trust

  

Other (Specify)

Name of Issuer

NETWORK 1 FINANCIAL GROUP, INC.

Jurisdiction of Incorporation/Organization

DELAWARE 

Year of Incorporation/Organization

 

X

Over Five Years Ago

  

Within Last Five Years (Specify Year)

 

  

Yet to Be Formed

 

2. Principal Place of Business and Contact Information

Name of Issuer

NETWORK 1 FINANCIAL GROUP, INC.

Street Address 1

Street Address 2

2 BRIDGE AVENUE 

4TH FLOOR

City

State/Province/Country

ZIP/PostalCode

Phone Number of Issuer

RED BANK

NEW JERSEY

07701

732-758-9001

3. Related Persons

Last Name

First Name

Middle Name

Testaverde

Damon

 

Street Address 1

Street Address 2

 

2 Bridge Avenue 

Suite 241 

 

City

State/Province/Country

ZIP/PostalCode

Red Bank

NEW JERSEY

07701

 

Relationship:

X

Executive Officer

X

Director

  

Promoter

Clarification of Response (if Necessary):


Last Name

First Name

Middle Name

Hunt

Richard

 

Street Address 1

Street Address 2

 

2 Bridge Avenue 

Suite 241 

 

City

State/Province/Country

ZIP/PostalCode

Red Bank

NEW JERSEY

07701

 

Relationship:

X

Executive Officer

X

Director

  

Promoter

Clarification of Response (if Necessary):


Last Name

First Name

Middle Name

Hunt

William

 

Street Address 1

Street Address 2

 

2 Bridge Avenue 

suite 241 

 

City

State/Province/Country

ZIP/PostalCode

Red Bank

NEW JERSEY

07701

 

Relationship:

X

Executive Officer

X

Director

  

Promoter

Clarification of Response (if Necessary):


Last Name

First Name

Middle Name

LaBarbara

Vincent

William

Street Address 1

Street Address 2

 

2 Bridge Avenue 

Suite 241 

 

City

State/Province/Country

ZIP/PostalCode

Red Bank

NEW JERSEY

07701

 

Relationship:

  

Executive Officer

X

Director

  

Promoter

Clarification of Response (if Necessary):


4. Industry Group

  

Agriculture

 

Banking & Financial Services

 

  

Commercial Banking

  

Insurance

  

Investing

X

Investment Banking

  

Pooled Investment Fund

 

 

 

Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?

 

  

Yes

  

No

  

Other Banking & Financial Services

  

Business Services

 

Energy

 

  

Coal Mining

 

  

Electric Utilities

 

  

Energy Conservation

 

  

Environmental Services

 

  

Oil & Gas

 

  

Other Energy

 

Health Care

 

  

Biotechnology

 

  

Health Insurance

 

  

Hospitals & Physicians

 

  

Pharmaceuticals

 

  

Other Health Care

  

Manufacturing

 

Real Estate

 

  

Commercial

 

  

Construction

 

  

REITS & Finance

 

  

Residential

 

  

Other Real Estate

  

Retailing

  

Restaurants

 

Technology

 

  

Computers

 

  

Telecommunications

 

  

Other Technology

 

Travel

 

  

Airlines & Airports

 

  

Lodging & Conventions

 

  

Tourism & Travel Services

 

  

Other Travel

  

Other

5. Issuer Size

Revenue Range 

OR

Aggregate Net Asset Value Range 

  

No Revenues

  

No Aggregate Net Asset Value

  

$1 - $1,000,000

  

$1 - $5,000,000

  

$1,000,001 - $5,000,000

  

$5,000,001 - $25,000,000

  

$5,000,001 - $25,000,000

  

$25,000,001 - $50,000,000

  

$25,000,001 - $100,000,000

  

$50,000,001 - $100,000,000

  

Over $100,000,000

  

Over $100,000,000

X

Decline to Disclose

  

Decline to Disclose

  

Not Applicable

  

Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

  

Rule 504(b)(1) (not (i), (ii) or (iii))

  

Rule 505

  

Rule 504 (b)(1)(i)

X

Rule 506

  

Rule 504 (b)(1)(ii)

  

Securities Act Section 4(6)

  

Rule 504 (b)(1)(iii)

  

Investment Company Act Section 3(c)

 

  

Section 3(c)(1)

  

Section 3(c)(9)  

  

Section 3(c)(2)

  

Section 3(c)(10)

  

Section 3(c)(3)

  

Section 3(c)(11)

  

Section 3(c)(4)

  

Section 3(c)(12)

  

Section 3(c)(5)

  

Section 3(c)(13)

  

Section 3(c)(6)

  

Section 3(c)(14)

  

Section 3(c)(7)

7. Type of Filing

X

New Notice

 

Date of First Sale

2012-10-31

 

  

First Sale Yet to Occur

  

Amendment

 

 

 

 

 

 

 

 

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?

 

  

Yes

X

No

9. Type(s) of Securities Offered (select all that apply)

X

Equity

  

Pooled Investment Fund Interests

  X

Debt

  

Tenant-in-Common Securities

  

Option, Warrant or Other Right to Acquire Another Security

  

Mineral Property Securities

  

Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security

  

Other (describe)

 

 

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?

 

  

Yes

X

No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor

$0

USD

12. Sales Compensation

Recipient

Recipient CRD Number

  

None

Network 1 Financial Securities, Inc.

013577

(Associated) Broker or Dealer

  

None

(Associated) Broker or Dealer CRD Number

  

None

Network 1 Financial Securities, Inc.

013577

Street Address 1

Street Address 2

2 BRIDGE AVENUE 

SUITE 241 

City

State/Province/Country

ZIP/Postal Code

RED BANK

NEW JERSEY

07701

State(s) of Solicitation (select all that apply)
Check “All States” or check individual States

X

All States

  

Foreign/non-US

 

 

 

 


13. Offering and Sales Amounts

Total Offering Amount

$400,500

USD

or

  

Indefinite

Total Amount Sold

$150,000

USD

 

Total Remaining to be Sold

$250,500

USD

or

  

Indefinite

Clarification of Response (if Necessary):

14. Investors

  

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.

 

 

Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:

1

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions

$20,025

USD

X

Estimate

Finders' Fees

$0

USD

X

Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

 

$0

USD

X

Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:

?         Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*

?         Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against it in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of:  (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.

?         Certifying that, if the issuer is claiming a Rule 505 exemption, the issuer is not disqualified from relying on Rule 505 for one of the reasons stated in Rule 505(b)(2)(iii).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer

Signature

Name of Signer

Title

Date

NETWORK 1 FINANCIAL GROUP, INC.

William R. Hunt, Jr.

William R. Hunt, Jr.

Secrtary

2012-09-07

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.