SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13G
(Amendment No. 1)
Talon International, Inc.
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(Name of Issuer)
Common Stock, $.001 Par Value Per Share
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(Title of Class of Securities)
873774103
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(CUSIP Number of Class of Securities)
December 31, 2007
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| RULE 13d-1(b)
|X| RULE 13d-1(c)
|_| RULE 13d-1(d)
CUSIP NO. 873774103 Page 2 of 9
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1) Name Of Reporting Person
Bluefin Capital, LLC
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2) Check The Appropriate Box If A Member Of A Group (See Instructions)
(a)
(b) |X|
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3) SEC Use Only
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4) Citizenship Or Place Of Organization: Delaware
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NUMBER OF SHARES 5) Sole Voting Power:
0
BENEFICIALLY OWNED -------------------------------------------------------
6) Shared Voting Power:
BY EACH REPORTING 3,850,000 Shares
PERSON WITH -------------------------------------------------------
7) Sole Dispositive Power:
0
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8) Shared Dispositive Power:
3,850,000 Shares
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9) Aggregate Amount Beneficially Owned By Each Reporting Person :
3,850,000 Shares
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10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|
(See Instructions)
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11) Percent of Class Represented by Amount in Row (9):
17.4% of Common Stock
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12) Type of Reporting Person (See Instructions) OO
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CUSIP NO. 873774103 Page 3 of 9
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1) Name Of Reporting Person
ComVest Capital, LLC
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2) Check The Appropriate Box If A Member Of A Group (See Instructions)
(a)
(b) |X|
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3) SEC Use Only
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4) Citizenship Or Place Of Organization: Delaware
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NUMBER OF SHARES 5) Sole Voting Power:
0
BENEFICIALLY OWNED -------------------------------------------------------
6) Shared Voting Power:
BY EACH REPORTING 3,850,000 Shares
PERSON WITH -------------------------------------------------------
7) Sole Dispositive Power:
0
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8) Shared Dispositive Power:
3,850,000 Shares
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9) Aggregate Amount Beneficially Owned By Each Reporting Person :
3,850,000 Shares
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10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|
(See Instructions)
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11) Percent of Class Represented by Amount in Row (9):
17.4% of Common Stock
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12) Type of Reporting Person (See Instructions) OO
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CUSIP NO. 873774103 Page 4 of 9
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1) Name of Reporting Person
ComVest Capital Management LLC
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) |X|
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3) SEC USE ONLY
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4) Citizenship or Place of Organization: Delaware
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NUMBER OF SHARES 5) Sole Voting Power:
0
BENEFICIALLY OWNED -------------------------------------------------------
6) Shared Voting Power:
BY EACH REPORTING 3,850,000 Shares
PERSON WITH -------------------------------------------------------
7) Sole Dispositive Power:
0
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8) Shared Dispositive Power:
3,850,000 Shares
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9) Aggregate Amount Beneficially Owned By Each Reporting Person :
3,850,000 Shares
--------------------------------------------------------------------------------
10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|
(See Instructions)
--------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row (9):
17.4% of Common Stock
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12) Type of Reporting Person (See Instructions) OO
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CUSIP NO. 873774103 Page 5 of 9
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1) Name of Reporting Person
ComVest Group Holdings, LLC
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) |X|
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3) SEC USE ONLY
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4) Citizenship or Place of Organization: Delaware
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NUMBER OF SHARES 5) Sole Voting Power:
0
BENEFICIALLY OWNED -------------------------------------------------------
6) Shared Voting Power:
BY EACH REPORTING 3,850,000 Shares
PERSON WITH -------------------------------------------------------
7) Sole Dispositive Power:
0
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8) Shared Dispositive Power:
3,850,000 Shares
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9) Aggregate Amount Beneficially Owned By Each Reporting Person :
3,850,000 Shares
--------------------------------------------------------------------------------
10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|
(See Instructions)
--------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row (9):
17.4% of Common Stock
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12) Type of Reporting Person (See Instructions) OO
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CUSIP NO. 873774103 Page 6 of 9
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1) Name of Reporting Person
Michael S. Falk
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) |X|
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3) SEC USE ONLY
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4) Citizenship or Place of Organization: USA
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NUMBER OF SHARES 5) Sole Voting Power:
0
BENEFICIALLY OWNED -------------------------------------------------------
6) Shared Voting Power:
BY EACH REPORTING 3,850,000 Shares
PERSON WITH -------------------------------------------------------
7) Sole Dispositive Power:
0
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8) Shared Dispositive Power:
3,850,000 Shares
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9) Aggregate Amount Beneficially Owned By Each Reporting Person :
3,850,000 Shares
--------------------------------------------------------------------------------
10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|
(See Instructions)
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11) Percent of Class Represented by Amount in Row (9):
17.4% of Common Stock
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12) Type of Reporting Person (See Instructions) IN
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Page 7 of 9
ITEM 1(a). Name of Issuer:
Talon International, Inc.
ITEM 1(b). Address of Issuer's Principal Executive Offices:
21900 Burbank Blvd., Suite 270, Woodland Hills, CA 91367
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ITEM 2(a). Names of Persons Filing:
Bluefin Capital, LLC ("Bluefin")
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ComVest Capital, LLC ("ComVest")
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ComVest Capital Management LLC ("Management")
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ComVest Group Holdings, LLC ("CGH")
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Michael S. Falk
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ITEM 2(b). Address of Principal Business Office or, if None, Residence:
One North Clematis Street, Suite 300, West Palm Beach, Florida 33401
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ITEM 2(c). Citizenship:
Bluefin, Management, ComVest and CGH are Delaware limited liability
companies.
Michael S. Falk is a U.S. citizen.
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ITEM 2(d). Title of Class of Securities:
Common Stock, $.001 Par Value Per Share
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ITEM 2(e). CUSIP Number: 873774103
ITEM 3. If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is:
The reporting persons are a group for purposes of the filing of this
Schedule 13G.
ITEM 4. Ownership:
(a) Amount beneficially owned by all reporting persons: 3,850,000 Shares
Page 8 of 9
(b) Percent of class: 17.4% of Common Stock (c) Number of shares as to which the
reporting persons have:
(i) sole power to vote or to direct the vote: 0 Shares
(ii) shared power to vote or to direct the vote: 3,850,000 Shares
(iii) sole power to dispose or to direct the disposition: 0 Shares
(iv) shared power to dispose or to direct the disposition: 3,850,000
Shares
ITEM 5. Ownership of five percent or less of a class.
If this statement is being filed to reflect the fact that as of the
date hereof the reporting person has ceased to be the owner of more
than five percent of the class of securities, check the following: |_|.
ITEM 6. Ownership of more than five percent on behalf of another person.
Not applicable.
ITEM 7. Identification and classification of the subsidiary which acquired the
security being reported on by the parent holding company.
Not applicable.
ITEM 8. Identification and classification of members of the group.
The reporting persons are a group for purposes of filing this Schedule
13G. See Exhibit 1 attached hereto.
ITEM 9. Notice of dissolution of group.
Not applicable.
ITEM 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection or
as a participant in any transaction having that purpose or effect.
Page 9 of 9
SIGNATURE
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: February 13, 2008
Bluefin Capital, LLC
By: ComVest Capital, LLC,
its managing member
By: /s/ Cecilio M. Rodriguez
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Cecilio M. Rodriguez
ComVest Capital, LLC
By: ComVest Capital Management LLC,
its managing member
By: /s/ Cecilio M. Rodriguez
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Cecilio M. Rodriguez
ComVest Capital Management LLC
By: /s/ Cecilio M. Rodriguez
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Cecilio M. Rodriguez
ComVest Group Holdings, LLC
By: /s/ Cecilio M. Rodriguez
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Cecilio M. Rodriguez
/s/ Michael S. Falk
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Michael S. Falk, individually