SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 2)*
NOVA COMMUNICATIONS LTD.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
66977X107
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(CUSIP Number)
ROBERT C. LASKOWSKI
PACIFIC BUILDING, 520 SW YAMHILL, SUITE 600
PORTLAND, OR 97204
(503) 241-0780
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 10, 2003
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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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(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 13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 4 Pages)
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* 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 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).
CUSIP No. 66977X107 13D Page 2 of 4 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Palaut Manangement, Inc.
#33-064366
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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*
OO
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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
CALIFORNIA
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7 SOLE VOTING POWER
NUMBER OF
100,000,000
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
100,000,000
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000,000
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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)
40%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 66977X107 13D Page 2 of 4 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Patricia J. Goldenberg
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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*
PF
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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
CALIFORNIA
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7 SOLE VOTING POWER
NUMBER OF
100,000,000
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
100,000,000
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000,000
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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)
40%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 66977X107 13D Page 3 of 4 Pages
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Item 1. Security and Issuer.
Common Stock
Nova Communications Ltd.
370 Amapola Ave., Suite 202
Torrance, CA 90501
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Item 2. Identity and Background.
Patricia Goldenberg
44225 Hazel Canyon
Palm Desert, CA 92260
President of Palaut Management, Inc..
Patricia Goldenberg has not been convicted in any criminal proceeding
during the past five years, nor has Patricia Goldenberg been a party to
a civil proceeding during the past five years of the type described in
Schedule 13D.
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Item 3. Source and Amount of Funds or Other Consideration.
The securities were issued to Palaut Management, Inc. pursuant to the
terms and conditions of an Agreement to Convert Debt with Nova
Communications Ltd. dated April 10, 2003.
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Item 4. Purpose of Transaction.
The purpose of the acquisition was to compensate Palaut Management,
Inc. for past services rendered to Nova Communications Ltd. prior to
the date of the Agreement to Convert Debt.
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Item 5. Interest in Securities of the Issuer.
(a) 100,000,000 shares of common stock representing 40% of the issued and
outstanding common stock of the issuer. The 100,000,000 shares are
owned by Palaut Management, Inc. Patricia Goldenberg is president of
Palaut Management, Inc. There are no other officers of Palaut
Management, Inc.
(b) Sole voting power over 100,000,000 shares.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Not applicable.
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Item 7. Material to be Filed as Exhibits.
99.1 Agreement to Convert Debt between Nova Communications Ltd. and Palaut
Management, Inc, dated April 10, 2003.
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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: April 18, 2003
Palaut Management, Inc.
/s/ PATRICIA J. GOLDENBERG
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(Signature)
Patricia J. Goldenberg, President
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(Name/Title)
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).