UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Global Yacht Services, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
37943A-10-9
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(CUSIP Number)
Mitch Keeler, 7710 Hazard Center Drive, Suite E-415,
San Diego, California 92108
(619)990-0976
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 28, 2004
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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 Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] 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 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.
37943A-10-9
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1. Names of Reporting Persons. I.R.S. Identification
Nos. of above persons (entities only).
Carib Ventures, Inc.
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
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(b) -------
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3. SEC Use Only
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4. Citizenship or Place of Organization
British West Indies
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Number of 5. Sole Voting Power 0
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Shares ---------------------------------------------------------------
Beneficially 6. Shared Voting Power
Owned by
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Each 7. Sole Dispositive Power 0
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Reporting ---------------------------------------------------------------
Person 8. Shared Dispositive Power
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With
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9. Aggregate Amount Beneficially Owned by Each Reporting
Person 0
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10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
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11. Percent of Class Represented by Amount in Row (9) 0%
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12. Type of Reporting Person (See Instructions)
CO
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Item 1.
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(a) Name of Issuer: Global Yacht Services, Inc.
(b) Address of Issuer's Principal Executive 7710 Hazard Center Drive, Suite E-415, San Diego, California 92108
Offices:
Item 2.
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(a) Name of Person Filing: Carib Ventures, Inc.
(b) Address of Principal Business Office, or Caribbean Place, Suite #3, P.O. Box 599
if none, Residence: Providenciales, Turks & Caicos Islands, BWI
(c) Citizenship BWI
(d) Title and Class of Securities: Common Stock
(e) CUSIP Number: 37943A-10-9
Item 3.
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If this statement is filed pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
(d) [ ] Investment company registered under section 8 of the Investment Company
Act of 1940 (15 U.S.C 80a-8).
(e) [ ] An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with ss.
240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3);
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
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Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 0 .
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(b) Percent of class: 0% .
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0 .
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(ii) Shared power to vote or to direct the vote .
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(iii) Sole power to dispose or to direct the disposition of 0 .
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(iv) Shared power to dispose or to direct the disposition of .
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Item 5. Ownership of Five Percent or Less of a Class
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If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ x ].
Item 6.Ownership of More than Five Percent on Behalf of Another Person.
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The director of Carib-Ventures Inc. is Sterling Directors Ltd. and Keith Burant.
As such, Mr. Burant has the power to direct the receipt of dividends from, or
the proceeds from the sale of, such securities.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control Person.
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Not Applicable.
Item 8. Identification and Classification of Members of the Group
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Not applicable.
Item 9. Notice of Dissolution of Group
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Not applicable.
Item 10. Certification
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By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above 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.
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.
March 8, 2004
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Date
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Signature
/s/ Keith Burant / Director
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Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
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 for other
parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations
(See 18 U.S.C. 1001)