Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Stedman Trent
 2. Date of Event Requiring Statement (Month/Day/Year)
08/14/2008		 3. Issuer Name and Ticker or Trading Symbol
BITSTREAM INC [BITS]
(Last)
(First)
(Middle)
799 CENTRAL AVE, SUITE 350, 		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HIGHLAND, IL 60035		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Class A Common Stock, par value $.01 per share 957,962
I
See footnotes (1), (2) and (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Stedman Trent
799 CENTRAL AVE, SUITE 350
HIGHLAND, IL 60035		     X    
Millennium Group LLC
799 CENTRAL AVE
SUITE 350
HIGHLAND, IL 60035		     X    
NV North American Opportunity Fund
799 CENTRAL AVE, SUITE 350
HIGHLAND, IL 60035		     X    
HPP GP LLC
799 CENTRAL AVE, SUITE 350
HIGHLAND, IL 60035		     X    
Highland Park Partners Fund LP
799 CENTRAL AVE, SUITE 350
HIGHLAND, IL 60035		     X    

Signatures

/s/ Trent Stedman 08/25/2008
**Signature of Reporting Person Date
NV North American Opportunity Fund By: Millennium Group LLC, its General Partner /s/ Trent Stedman, Member 08/25/2008
**Signature of Reporting Person Date
Millennium Group LLC /s/ Trent Stedman, Member 08/25/2008
**Signature of Reporting Person Date
Highland Park Partners Fund LP By: HPP GP LLC, its General Partner /s/ Trent Stedman, Sole Member 08/25/2008
**Signature of Reporting Person Date
HPP GP LLC /s/ Trent Stedman, Sole Member 08/25/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
DATE OF EVENT REQUIRING STATEMENT: On August 14, 2008, the Issuer filed a Form 10-Q with the Securities and Exchange
 Commission ("SEC"), in which the Issuer reported that it had 9,520,337 shares of Class A Common Stock issued and outstanding
 as of August 11,  2008.  The Issuer also reported in the  Form 10-Q that during the six month period ended June 30, 2008, it
 had repurchased 697,700 shares of Common Stock.  As a result of this repurchase, the beneficial ownership of the Issuer's
 total outstanding Class A Common Stock by the reporting Persons exceeds 10%.
(1) NV North American Opportunity Fund directly beneficially owns 746,862 shares of Class A Common Stock.  Millennium Group
 LLC is the investment manager of NV North American Opportunity Fund.  Highland Park Partners Fund LP directly beneficially
 owns 208,900 shares of Class A Common Stock. HPP GP LLC is the general partner of NV North American Opportunity Fund.
 Trent Stedman directly beneficially owns 2,200 shares of Class A Common Stock in a personal trading account. (2) Trent
 Stedman is a member of Millennium Group LLC, the investment manager of NV North American Opportunity Fund. Trent Stedman is
 also the sole member of HPP GP LLC, the general partner of Highland Park Partners Fund LP.  Trent Stedman, by virtue of his
 relationship to NV North American Opportunity Fund, Millennium Group LLC, Highland Park Partners Fund LP, and HPP GP LLC,
 may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the shares of Class A
 Common Stock which NV North American Opportunity Fund, Millennium Group LLC, Highland Park Partners Fund LP, and HPP GP LLC
 own. (3) The percentage of beneficial ownership of 10.1% (or 957,962 shares of Class A Common Stock) is based on the
 following: (i) 9,520,337 shares of Class A Common Stock were outstanding as of August 11, 2008 (as set forth on the
 Issuer's Form 10-Q, filed on August 14, 2008 with the SEC).

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