SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
EDT Learning, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
26841E 10 7
(CUSIP Number)
Barry W. Blank
P.O. Box 32056
Phoenix, AZ 85064
(602) 230-0200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 29, 2002
(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 240.13d-1(e), 240.13d(f), or 240.13d(g), check the
following box [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on 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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1
--------------------- -------------------
CUSIP NO. 26841E 10 7 SCHEDULE 13D Page 2 of 9 Pages
--------------------- -------------------
1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barry W. Blank
--------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------
6 CITZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------
7 SOLE VOTING POWER
2,290,900
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY N/A
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,290,900
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
N/A
---------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,290,900 (includes 190,000 shares that may be issued on exercise of
warrants received as commission by Mr. Barry W. Blank in his capacity as an
affiliate of the Placement Agent, Murphy & Durieu, 72,400 shares of EDT's
Common Stock and the right to buy 2,000,000 shares upon conversion of a
Convertible Redeemable Subordinated Note and attached Warrant owned by the
Barry W. Blank Trust and 28,500 shares owned by the Barry W. Blank, IRA)
--------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.17%
--------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------
--------------------- -------------------
CUSIP NO. 26841E 10 7 SCHEDULE 13D Page 3 of 9 Pages
--------------------- -------------------
1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barry W. Blank
--------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------
6 CITZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------
7 SOLE VOTING POWER
190,000
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY N/A
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 190,000
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
N/A
---------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
190,000
--------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.01%
--------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------
--------------------- -------------------
CUSIP NO. 26841E 10 7 SCHEDULE 13D Page 4 of 9 Pages
--------------------- -------------------
1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Barry W. Blank Trust
--------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------
6 CITZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------
7 SOLE VOTING POWER
2,072,400
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY N/A
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,072,400
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
N/A
---------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,072,400
--------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.01%
--------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------
--------------------- -------------------
CUSIP NO. 26841E 10 7 SCHEDULE 13D Page 5 of 9 Pages
--------------------- -------------------
1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Barry W. Blank IRA
--------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------
6 CITZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------
7 SOLE VOTING POWER
28,500
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY N/A
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 28,500
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
N/A
---------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,500
--------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.15%
--------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------
--------------------- -------------------
CUSIP NO. 26841E 10 7 SCHEDULE 13D Page 6 of 9 Pages
--------------------- -------------------
ITEM 1. SECURITY AND ISSUER.
The title and class of equity securities to which this Statement relates is
the common stock, $0.001 par value per share, (the "Common Stock") of EDT
Learning, Inc., a Delaware corporation (EDT).
The address of the principal executive offices of EDT Learning, Inc. is
2999 N. 44th Street, Suite 650, Phoenix, AZ 85018.
ITEM 2. IDENTITY AND BACKGROUND.
This Schedule is filed on behalf of Barry W. Blank, the Barry W. Blank
Trust and the Barry W. Blank IRA (referred individually as "Reporting Person"
and collectively as, the Reporting Persons). The names, residences or business
addresses and principal occupation of the Reporting Persons are set forth below.
None of the Reporting Persons has been convicted in a criminal proceedings
(excluding traffic violations or similar misdemeanors) in the past five years.
In the past five years, none of the Reporting Persons has 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. Barry W. Blank is a citizen of the United States.
REPORTING PERSONS PRINCIPAL ADDRESS PRINCIPAL OCCUPATION/BUSINESS
----------------- ----------------- -----------------------------
Barry W. Blank P.O. Box 32056
Phoenix, AZ 85064 Investor
The Barry W. Blank IRA P.O. Box 32056
Phoenix, AZ 85064 N/A
The Barry W. Blank Trust P.O. Box 32056
Phoenix, AZ 85064 N/A
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The shares purchased by Barry W. Blank were purchased with personal funds.
--------------------- -------------------
CUSIP NO. 26841E 10 7 SCHEDULE 13D Page 7 of 9 Pages
--------------------- -------------------
ITEM 4. PURPOSE OF TRANSACTION.
The acquisition of shares of Common Stock of EDT is for investment purposes
only. The Reporting Persons have no plans or proposals which relate to, or could
result in, any of the matters referred to in paragraphs (a) through (i),
inclusive, of Item 4 of Schedule 13D. Such entities and persons may, at any time
and from time to time, review or reconsider their position with respect to any
of such matters, but have no present intention of doing so.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The contents of the cover page of this Statement are incorporated into
this Item 5 for each Reporting Person. Under SEC rules and as of the date of
this filing, Barry W. Blank IRA beneficially owns 28,500 Common Shares, Barry W.
Blank Trust owns 2,072,400 Common Shares, and Barry W. Blank owns 190,000 Common
Shares.
The Common Shares beneficially owned by Barry W. Blank IRA are comprised of
28,500 shares of Common Stock which were purchased in the open market.
The Common Shares beneficially owned by Barry W. Blank Trust are comprised
of 72,400 shares of Common Stock which were purchased in the open market,
1,000,000 shares of Common Stock which are issuable upon conversion of a 12%
Convertible Subordinated Note with a conversion price for such conversion at a
price per share equal to $1.00 and 1,000,000 shares of Common Stock which are
issuable upon the exercise of warrants at an exercise price of $3.00 per share.
The Common Shares beneficially owned by Barry W. Blank are comprised of
190,000 shares of Common Stock issuable upon exercise of Warrants which entitle
him to subscribe for 3.8 units and purchase from the Company at the exercise
price of Sixty Thousand Dollars ($60,000) per Unit with each unit consisting of:
(i) an unsecured convertible redeemable subordinated note in the principal
amount of $50,000 which is convertible into the Company's common stock, at a
price of $1.00 per share, and (ii) a warrant to purchase 50,000 shares of Common
Stock with an exercise price of $3.00 per share of Common Stock. These warrants
were received by Mr. Barry W. Blank in his capacity as an affiliate of the
Placement Agent, Murphy Durieu, in the public placement offering of the Company
in 2002.
(b) No transaction in the Common Shares was effected by a Reporting Person
since the last filing or within the past 60 days.
(c) No other person other than the Reporting Persons has the right to
receive or the power to direct the receipt of dividends from, or proceeds from
the sale of, the Common Shares beneficially owned by the Reporting Persons.
--------------------- -------------------
CUSIP NO. 26841E 10 7 SCHEDULE 13D Page 8 of 9 Pages
--------------------- -------------------
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
The Reporting Person is an affiliate of Murphy & Durieu, the Placement
Agent for EDT's Convertible Note offering. The Placement Agent received a
commission equal to 10%. Based on the knowledge of the Reporting Persons there
are no other contracts, arrangements, understandings or relationships (legal or
otherwise) among any Reporting Persons and any other person with respect to any
securities of EDT.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
--------------------- -------------------
CUSIP NO. 26841E 10 7 SCHEDULE 13D Page 9 of 9 Pages
--------------------- -------------------
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: September 26, 2002 Barry W. Blank
By: /s/ Barry W. Blank
------------------------------------
Barry W. Blank
The Barry W. Blank IRA
By: /s/ Barry W. Blank
------------------------------------
Barry W. Blank
The Barry W. Blank Trust
By: /s/ Barry W. Blank
------------------------------------
Barry W. Blank