CUSIP No. 83083D 10 7 |
Page 2 of
4
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1
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NAME OF REPORTING
PERSONS: Steven G.
Mihaylo
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP(a) x
(See
Instructions)(b) o
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS (See Instructions)
PF
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5
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CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e) o
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE
VOTING POWER
4,000,000
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8
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SHARED
VOTING POWER
0
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9
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SOLE
DISPOSITIVE POWER
4,000,000
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10
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SHARED
DISPOSITIVE POWER
0
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,000,000
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12
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions) o
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.5%
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14
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TYPE
OF REPORTING PERSON*
IN
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CUSIP No. 83083D 10 7 |
Page 3 of
4
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Item
1.
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Security
and Issuer.
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Item
2.
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Identity
and Background.
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(a)-(c)
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This
Statement is being filed by Steven G. Mihaylo ("Mr. Mihaylo"), an
individual. Mr. Mihaylo's address is P.O. Box 19790, Reno,
Nevada 89511.
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(d)
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During
the last five years, Mr. Mihaylo has not been convicted in a criminal
proceeding (excluding traffic violations or similar
misdemeanors).
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(e)
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During
the last five years, Mr. Mihaylo has not been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to 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.
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(f)
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Mr.
Mihaylo is a citizen of the State of Nevada, United States of
America.
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Item
3.
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Source
and Amount of Funds or Other
Consideration.
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Item
4.
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Purpose
of Transaction.
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(a)
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As
of April 23, 2008, Mr. Mihaylo beneficially owned an aggregate of
4,000,000 shares of Common Stock, representing approximately 8.5% of the
outstanding common stock of the Issuer (based on 46,853,397 shares of
common stock outstanding as of April 23, 2008, as reported to Mr. Mihaylo
by the Issuer).
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(b)
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Mr.
Mihaylo has the sole power to vote or direct the vote and sole power to
dispose of and direct the disposition of the
Shares.
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CUSIP No. 83083D 10 7 |
Page 4 of
4
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(c)
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During
the sixty-day period preceding the filing of this Schedule 13D, there were
no transactions in the Issuer’s shares of common stock other than as
follows: the purchase on April 23, 2008 by the Steven G.
Mihaylo Trust of 4,000,000 shares of common stock from the Issuer in a
non-brokered private placement at $0.08 per share for total payment of
$320,000 to the Issuer.
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(d)
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No
other person is known by Mr. Mihaylo to have the right to receive or power
to direct the receipt of dividends from, or the proceeds from the sale of,
the Shares.
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(e)
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Mr.
Mihaylo continues to be the beneficial owner of more than five percent of
the Issuer’s outstanding shares of common
stock.
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Item
6.
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Contracts,
Arrangements, Understandings or Relationships With Respect to Securities
of the Issuer.
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Item7
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Material
to be Filed as Exhibits.
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Date:
April 24, 2008
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By:
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/s/ Steven G. Mihaylo | |
Steven G. Mihaylo | |||