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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
NOCOPI TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock - Par Value .01
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(Title of Class of Securities)
655212207
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(CUSIP Number)
c/o Dr. Michael Feinstein, 537 Apple St., W. Conshohocken, PA 19428
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 4, 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 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(b) for
other parties to whom copies are to be sent.
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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. 655212207 13D Page of Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Randy Ayoob (SS# 007-40-0907)
Alan Rihm (SS# 185-58-4896)
Maury B. Reiter (SS# 200-48-2182)
Michael Solomon (SS# 148-46-1827)
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
Randy Ayoob - PF
Alan Rihm - PF
Maury Reiter - PF
Michael Solomon - PF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
All citizens of United States of America
________________________________________________________________________________
7 SOLE VOTING POWER
Ayoob - 833,333 shares; Rihm - 833,333 shares;
NUMBER OF Reiter - 833,333 shares; Solomon - 1,333,333 shares;
Entrevest I Associates - 3,333,333 shares
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
NONE
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING Ayoob - 833,333 shares; Rihm - 833,333 shares;
Reiter - 833,333 shares; Solomon - 1,333,333 shares;
PERSON Entervest I Associates - 3,333,333 shares
WITH _________________________________________________________________
10 SHARED DISPOSITIVE POWER
NONE
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Ayoob - 833,333 shares; Rihm - 833,333 shares;
Reiter - 833,333 shares; Solomon - 1,333,333 shares;
Entrevest I Associates - 3,333,333 shares
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
Entrevest I Associates, a Pennsylvania general partner [X]
which comprises a Group of the individual reporting persons,
and also has certain warrants to acquire additional shares in
the Issuer representing up to 51% of the Issuer.
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
Randy Ayoob - IN
Alan Rihm - IN
Maury B. Reiter - IN
Michael Solomon - IN
Entrevest I Associates - PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13-D
-------------
Re: Nocopi Technologies, Inc.
CUSIP Number: 655212207
Item 1: Common Stock, par value .01 per share of Nocopi Technologies, Inc.,
537 Apple Street, West Conshohocken, PA 19428
Item 2: Entrevest I Associates, a Pennsylvania general partnership, c/o
350 Sentry Parkway, Bldg. 640, P. O. Box 3037, Blue Bell, PA 19422
Item 3: (1) (a) Randy Ayoob
(b) 7705 West Avenue Elkins Park, PA 19027
(c) Consultant for Global Associates
(d) No convictions
(e) No proceedings
(f) USA
(2) (a) Maury B. Reiter
(b) 303 Pheasant Hill Drive Bryn Mawr, PA 19010
(c) Attorney for Kaplin Stewart Meloff Reiter & Stein, P.C.
350 Sentry Parkway, Bldg. 640
P. O. Box 3037
Blue Bell, PA 19422
(d) None
(e) None
(f) USA
(3) (a) Alan Rihm
(b) 205 Cypress Lane Hatboro, PA 19040
(c) Entrevest LLC 205 Cypress Lane Hatboro, PA 19040
(d) None
(e) None
(f) USA
(4) (a) Michael Solomon
(b) 309 Pheasant Hill Drive Bryn Mawr, PA 19010
(c) Certified Public Accountant for Rudney, Solomon, Cohen &
Felzer, P.C. Rosemont, PA
(d) None
(e) None
(f) USA
Item 3: All reporting persons utilized personal funds for the purpose of
acquiring the securities.
Item 4: Investment. In addition, Entrevest I Associates has certain warrants to
acquire additional shares of stock of the Issuer representing up
to 51% of the issued and outstanding shares of the Issuer. There
are no plans or proposals for any other transactions as
described in Item 4, Schedule D.
Item 5: (a) Randy Ayoob - 833,333 shares (1.8%) with rights to
acquire additional shares which in the aggregate with
the other individuals will total 51%
Maury B. Reiter - 833,333 shares (1.8%) with rights to
acquire additional shares which in the aggregate with
the other individuals will total 51%
Alan Rihm - 833,333 shares (1.8%) with rights to acquire
additional shares which in the aggregate with the other
individuals will total 51%
Michael Solomon - 1,333,333 shares. Mr. Solomon acquired
in a separate and earlier transaction, 500,000 shares
(representing 2.9%).
Entrevest I Associates - This is Group of the
above-named individuals and has the rights to all of the
shares and warrants to acquire shares except the 500,000
shares previously acquired by Michael Solomon, which are
owned separately and outside of the Group.
(b) Each of the individuals are 25% partners of Entrevest I
Associates, a Pennsylvania general partnership.
Entrevest I Associates has acquired 3,333,333 shares of
the Issuer and has certain rights to acquire additional
shares, which in the aggregate will represent 51% of the
issued and outstanding shares of the Issuer. Each of the
individuals has a 25% beneficial interest in Entrevest I
Associates and has the right to control the disposition
of their proportionate number of shares owned by
Entrevest I Associates.
(c) No transaction.
(d) None known.
(e) Not applicable.
Item 6: The only arrangement known is the Partnership Agreement of Entrevest I
Associates, to which all of the individual reporting persons are 25%
partners.