UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
SYNERGX SYSTEMS INC.
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(Name of Issuer)
Common Stock, $.001 Par Value
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(Title of Class of Securities)
87160C 10 6
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(CUSIP NUMBER)
Investors Money Management Corporation
289 Avenue Montjoie
Box 13
1180 Brussels
Belgium
(Administrative offices)
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 26, 2002
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(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e)(f) or (g) check the following
box [ ].
The information required in 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 or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act.
SCHEDULE 13D
CUSIP No. 87160C 10 6 Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Investors Money Management Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Liberia
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NUMBER OF 7 SOLE VOTING POWER
SHARES 340,000 shares
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 340,000 shares
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,000 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 87160C 10 6 Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morton Rabin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
NA
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
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NUMBER OF 7 SOLE VOTING POWER
SHARES 340,000 shares
--------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 340,000 shares
--------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,000 shares
---------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 7 Pages
ITEM 1. SECURITY AND ISSUER
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The class of equity securities to which this statement relates are the
shares of common stock, par value $.001 per share (the "Common Stock"), of
Synergx Systems Inc., a Delaware corporation (the "Company"), which has its
principal executive offices at 209 Lafayette Avenue, Syosset, New York 11791.
ITEM 2. IDENTITY AND BACKGROUND
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This statement is filed on behalf of:
(i) Investors Money Management Corporation("IMM")
(ii) Morton Rabin ("Mr. Rabin")
Mr. Rabin owns 100% of the voting stock of IMM. Mr. Rabin and IMM are
referred to collectively as the "Reporting Persons."
Set forth on Schedule A is the information required by Item 2 of Schedule
13D concerning each executive officer, director and control person of each of
the Reporting Persons.
The administrative offices of IMM are at:
289 Avenue Montjoie
Box 13
1180 Brussels, Belgium
Mr. Rabin's office is at:
20 Governor's Cay
Sandyport
Nassau, Bahamas
IMM is a corporation organized under the laws of Liberia; Mr. Rabin is a
citizen of Canada.
Neither of the Reporting Persons and none of the persons listed on Schedule
A has, during the last five years, been convicted in any criminal proceeding and
has not and is not subject to any judgment, decree or final order as a result of
any civil proceeding, 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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Working capital of IMM
ITEM 4. PURPOSE OF THE TRANSACTION
--------------------------
In August, 2002, IMM subscribed to purchase in a private placement from the
Company, 170,000 units ("Units"). Each Unit consists of one share of Common
Stock and one warrant (the "Warrant") to purchase an additional share of Common
Stock at $1.40 for a period of 24 months from closing. The Units, Common Stock,
Warrants and Common Stock issuable upon exercise of the Warrants will be
restricted and may not be sold or transferred without registration under or an
exemption from applicable securities laws. IMM was granted one-time "piggy-back"
registration rights. The transaction provides the Company with proceeds of
$476,000 (assuming exercise of all Warrants) for general corporate purposes with
a particular focus on funding new products, markets,
Page 5 of 7 Pages
business ventures as a complement or supplement to existing operations without
the need to draw on the Company's regular working capital credit facilities.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
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(a) Amount Beneficially Owned:
(i) IMM is the beneficial owner of 340,000 shares of Common Stock, which
represents 16.6% of the Common Stock that would be issued and
outstanding.
(ii) By virtue of his 100% ownership of IMM, Mr. Rabin is the beneficial
owner of 340,000 shares of Common Stock, which represents 16.6% of the
Common Stock that would be issued and outstanding.
(b) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote
IMM 340,000
Mr. Rabin 340,000
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct disposition
IMM 340,000
Mr. Rabin 340,000
(iv) Shared power to dispose or to direct disposition: 0
(c) Other than the transactions detailed in ITEM 4. above, neither Reporting
Person has effected any transactions in the Common Stock in the past 60
days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER ----------------------------------------
See ITEM 4. above.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
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1. Subscription Agreement between IMM and Synergx Systems Inc.
2. Joint Filing Agreement, dated as of September 30, 2002 between IMM and Mr.
Rabin as required by Rule 13d-1(f) (included on the Signature Page to this
Schedule 13D)
Page 6 of 7 Pages
SIGNATURES
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After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct. Pursuant to Rule 13d-1(k)(1), we agree that this statement is filed on
behalf of each of us.
Dated: September 30, 2002
INVESTORS MONEY MANAGEMENT CORPORATION
By:/s/MORTON RABIN
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Morton Rabin, President
MORTON RABIN
/s/MORTON RABIN
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Page 7 of 7 Pages
SCHEDULE A
I. Investors Money Management Corporation
A. Directors
1. IMM has no individual directors
B. Executive Officers
1. Morton Rabin - President
Business Address: 20 Governor's Cay
Sandyport
Nassau, Bahamas
Principal Business Occupation: Investment advisor
Citizenship: Canadian
2. Sheldon Rabin - Secretary and Treasurer
Business Address: 289 Avenue Montejoie
Box 13
1180 Brussels, Belgium
Principal Business Occupation: Investment advisor
Citizenship: Canadian
C. Control Person - Morton Rabin
1. Morton Rabin See above