SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Color Imaging, Inc.
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(Name of Issuer)
$0.01 par value per share
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(Title of Class of Securities)
196245 10 4
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(CUSIP Number)
Robert F. Dow, Esq.
2800 One Atlantic Center
1201 West Peachtree Street
Atlanta, Georgia 30309-3450
404-873-8500
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 7, 2005
(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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss. 240.13d-7(b) 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).
CUSIP NO. 196245 10 4 PAGE 2 of 5
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1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons
Sueling Wang
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2 Check the Appropriate Box if a Member of a Group (a) [X]
(b) [_]
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3 SEC Use Only
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4 Source of Funds
00
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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
Taiwan, R.O.C.
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7 Sole Voting Power
1,340,347(1)
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8 Shared Voting Power
471,204(2)
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9 Sole Dispositive Power
1,340,347(1)
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10 Shared Dispositive Power
471,204(2)
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,811,551(1)(2)
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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)
13.97 percent
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14 Type of Reporting Person
IN
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(1) Includes 375,000 shares subject to options that are currently exercisable.
(2) Includes 141,204 shares held by the spouse of the reporting person, and
330,000 shares held by his children. The reporting person disclaims
beneficial ownership of these shares.
CUSIP NO. 196245 10 4 PAGE 3 of 5
ITEM 1. SECURITY AND ISSUER
This statement relates to the common stock, $0.01 par value, per share, of
Color Imaging, Inc., a Delaware corporation ("Color Imaging"). The principal
executive office of Color Imaging is located at:
4350 Peachtree Industrial Boulevard
Suite 100
Norcross, Georgia 30071
ITEM 2. IDENTITY AND BACKGROUND
(a) This Statement on Schedule 13D is being filed by Dr. Sueling Wang,
President and Director of the Issuer. The business address of Dr.
Sueling Wang is Color Imaging, Inc., 4350 Peachtree Industrial Blvd.,
Suite 100, Norcross, Georgia 30071.
(b) The business address of Dr. Sueling Wang is Color Imaging, Inc., 4350
Peachtree Industrial Blvd., Suite 100, Norcross, Georgia 30071.
(c) The reporting person is a Director of Color Imaging, Inc. and Vice
Chairman of the Board. The address of Sueling Wang is 3450 Peachtree
Industrial Blvd, Suite 100, Norcross, GA 30071 USA
(d) During the past five years, the reporting person has not been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the past five years, the reporting person was not a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person was or is subject to a
judgment, decree or final order enjoining future violations of or
prohibiting or mandating activity subject to federal or state
securities laws or finding any violation with respect to such laws.
(f) The reporting person above is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Dr. Wang's spouse used personal funds to purchase 1,000 shares at $2.125 per
share of common stock on October 3, 2000. Dr. Wang acquired 50,000 shares of
common stock and warrants to purchase 50,000 shares of common stock from the
Issuer in a private transaction on December 1, 2001 in exchange for $100,000.
The Issuer granted to Dr. Wang additional warrants to purchase 450,000 shares of
common stock based on the amount of his total investment. Dr. Wang exercised
these warrants on December 11, 2001. Dr. Wang used personal funds to acquire the
above securities from the Issuer. On May 18, 2004, the Issuer granted options to
purchase 100,000 shares of common stock, at $0.54 per share, to the reporting
person. On June 7, 2005, Dr. Wang's son gifted 270,000 shares to Jui-Chi Wang,
reducing Dr. Wang's indirect beneficially owned shares.
ITEM 4. PURPOSE OF TRANSACTION
See Item 3 above. Dr. Wang acquired such securities in order to increase his
equity ownership in the Issuer and for personal use.
(a)-(j) None.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) See Item 7-13 of cover page.
(b) Sueling Wang has the sole power to vote and dispose of 1,340,347
shares of common stock of the Issuer. Dr. Wang shares voting power
with respect to 471,204 shares of common stock, representing: (a)
141,204 shares of common stock beneficially held by Dr. Wang's wife,
CUSIP NO. 196245 10 4 PAGE 4 of 5
Yik-Li Sih, and (b) 330,000 shares of common stock beneficially held
by his four children, with his wife and four children. Dr. Wang
disclaims beneficial ownership of such 471,204 shares.
The residential address of Yik-li Sih is 1105 Ascott Valley Drive, Duluth,
Georgia 30096. Ms. Sih's principal occupation is real estate investor.
During the last five years, Ms. Sih has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), nor has Ms.
Sih 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. Ms. Sih is a U.S. citizen.
The residence address for Daniel Wang, Michael Wang, Elizabeth Wang, and
Justin Wang is 1105 Ascott Valley Drive, Duluth, Georgia 30096. Daniel Wang,
Michael Wang and Elizabeth Wang are college students and Justin Wang is a minor.
During the last five years, Daniel Wang, Michael Wang, Elizabeth Wang, and
Justin Wang have not been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors), nor have Daniel Wang, Michael Wang,
Elizabeth Wang, and Justin Wang 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.
Daniel Wang, Michael Wang, Elizabeth Wang, and Justin Wang are U.S. citizens.
(c) See Item 3. No other transactions in Color Imaging securities have
been effected by the reporting person within the last sixty days.
(d) No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sales of, the
securities of Color Imaging.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
CUSIP NO. 196245 10 4 PAGE 5 of 5
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: June 9, 2005
/s/ Sueling Wang
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Sueling Wang