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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
CENTURY BUSINESS SERVICES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
458 875 10 1
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(CUSIP Number)
December 31, 1998
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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)
[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 the
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).
Page 1 of 5 Pages
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SCHEDULE 13G
CUSIP No. 458 875 10 1 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph E. LoConti
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 4,695,569
OWNED BY ------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON WITH None
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7 SOLE DISPOSITIVE POWER
4,695,569
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8 SHARED DISPOSITIVE POWER
None
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,695,569
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.4%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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This filing on Schedule 13G supersedes the filings on Schedule 13D, as amended,
and initially filed on or about October 25, 1996, and is filed as a consequence
to amendments to Rule 13d-1 effective February 17, 1998.
Item 1.
(a) Issuer: Century Business Services, Inc.
(b) Principal executive office: 6480 Rockside Woods Blvd., South, Suite 330
Cleveland, Ohio 44131
Item 2.
(a) Person filing: Joseph E. LoConti
(b) Principal business office: 10055 Sweet Valley Drive, Valley View, Ohio 44125
(c) Citizenship: United States of America
(d) Class: Common Shares
(e) CUSIP: 458 875 10 1
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
(a) [ ] Broker or Dealer
(b) [ ] Bank
(c) [ ] Insurance Company
(d) [ ] Investment Company
(e) [ ] Investment Adviser
(f) [ ] Employee Benefit Plan, Pension Fund or Endowment Fund
(g) [ ] Parent Holding Company
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act
(j) [ ] Group
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Item 4. Ownership.
(a) Amount beneficially owned as of December 31, 1998: 4,695,569 Shares
(b) Percent of class: 6.4%
(c) (i) Sole power to vote or direct vote: 4,695,569 (includes warrants
and options to acquire 461,200 shares)
(ii) Shared power to vote or direct vote: None
(iii) Sole power to dispose or direct disposition: 4,695,569 (includes warrants
and options to acquire 461,200 shares)
(iv) Shared power to dispose or direct disposition: None
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
Item 8. Identification and Classification of Members of the Group: Not Applicable
Item 9. Notice of Dissolution of Group: Not Applicable
Page 4 of 5 Pages
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Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired for the purpose of
with the effect of changing or influencing the control of the issuer of such
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purposes 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.
February 12 , 1999
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Date
/s/ Joseph E. LoConti
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Joseph E. LoConti
Page 5 of 5 Pages
