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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Wire One Technologies, Inc.
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(Name of Issuer)
Common Stock, $.0001 par value
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(Title of Class of Securities)
976521104
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(CUSIP Number)
May 2, 2003
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(Date of Event which requires filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Statement
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 in 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. 976521104 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sargon Capital International Fund Ltd.
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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5 SOLE VOTING POWER
NUMBER OF 1,541,500
SHARES -------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING -------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
1,541,500
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,541,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 976521104 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sargon Capital, LLC
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 1,541,500
REPORTING -------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,541,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,541,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
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12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 976521104 13G Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ms. Margaret Chu
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 1,541,500
REPORTING -------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,541,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,541,500
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 976521104 13G Page 5 of 9 Pages
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ITEM 1(A). NAME OF ISSUER:
Wire One Technologies, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
225 Long Avenue
Hillside, New Jersey 07205
ITEM 2(A). NAME OF PERSON FILING.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.
ITEM 2(C). CITIZENSHIP.
Sargon Capital International Fund Ltd. (the "Reporting Person")
c/o Sargon Capital, LLC
6 Louis Drive
Montville, NJ 07045
British Virgin Islands corporation
Sargon Capital, LLC (the "Investment Advisor")
6 Louis Drive
Montville, NJ 07045
Delaware limited liability company
Ms. Margaret Chu ("Ms. Chu")
Manager of the Investment Advisor
6 Louis Drive
Montville, NJ 07045
United States citizen
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.0001 per share
ITEM 2(E). CUSIP NUMBER:
976521104
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
CUSIP No. 976521104 13G Page 6 of 9 Pages
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ITEM 4. OWNERSHIP. As of May 9, 2003:
1. The Reporting Person.
(a) Amount beneficially owned: 1,541,500 shares of Common
Stock.
(b) Percent of Class: 5.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 1,541,500
(ii) shared power to vote or direct the vote: 0
(iii) sole power to dispose or direct the disposition
of: 1,541,500
(iv) shared power to dispose or direct the disposition
of: 0
2. The Investment Advisor - same as Ms. Chu, see below.
3. Ms. Chu.
(a) Amount beneficially owned: 1,541,500 shares of
Common Stock.
(b) Percent of Class: 5.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or direct the vote: 1,541,500
(iii) sole power to dispose or direct the disposition
of: 0
(iv) shared power to dispose or direct the disposition
of: 1,541,500
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not Applicable.
CUSIP No. 976521104 13G Page 7 of 9 Pages
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
By signing below, the Reporting Person certifies that, to the
best of its knowledge and belief, the securities referred to
above were acquired and are held in the ordinary course of
business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any
transaction having that purpose or effect.
CUSIP No. 976521104 13G Page 8 of 9 Pages
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SIGNATURE
After reasonable inquiry and to the best of the Reporting Person's
knowledge and belief, the Reporting Person certifies that the information set
forth in this statement is true, complete and correct.
Dated: May 19, 2003
SARGON CAPITAL INTERNATIONAL FUND LTD.
By: Sargon Capital, LLC,
its Investment Advisor
By: /s/ Margaret Chu
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Name: Margaret Chu
Title: Manager
SARGON CAPITAL, LLC
By: /s/ Margaret Chu
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Name: Margaret Chu
Title: Manager
/s/ Margaret Chu
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Margaret Chu
CUSIP No. 976521104 13G Page 9 of 9 Pages
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EXHIBIT A
JOINT FILING AGREEMENT
This Agreement is filed as an exhibit to Schedule 13G being filed by Sargon
Capital International Fund Ltd., Sargon Capital, LLC and Ms. Margaret Chu in
compliance with Rule 13d-1(k) of the Securities and Exchange Commission, which
requires an agreement in writing indicating that the Schedule 13G to which this
Agreement is attached is filed on behalf of the below-named companies, that they
are each responsible for the timely filing of the Schedule 13G and any
amendments thereto and for the completeness and accuracy of the information
concerning such persons contained therein.
Dated: May 19, 2003
SARGON CAPITAL INTERNATIONAL FUND LTD.
By: Sargon Capital, LLC,
its Investment Advisor
By: /s/ Margaret Chu
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Name: Margaret Chu
Title: Manager
SARGON CAPITAL, LLC
By: /s/ Margaret Chu
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Name: Margaret Chu
Title: Manager
/s/ Margaret Chu
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Margaret Chu