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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Albacore Holdings, Inc. (f/k/a Abiliti Solutions, Inc.)
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(Last) (First) (Middle)
400 Chesterfield Center
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(Street)
Chesterfield MO 63107
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
October 2, 2002
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
43-1463229
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4. Issuer Name and Ticker or Trading Symbol
Daleen Technologies, Inc. (DALN)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
____________________________________________________________________
________________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable line)
|X| Form filed by One Reporting Person
|_| Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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No securities owned(1)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Securities:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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No securities owned(1)
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Explanation of Responses:
1 Abiliti Solutions, Inc. (the "Company") entered into voting agreements with
certain holders of the capital stock of Daleen Technologies, Inc.
("Daleen") beginning on October 2, 2002. Abiliti may have been deemed to be
a member of a 13(d) group with such holders of Daleen capital stock during
the period beginning October 2, 2002 and ending December 20, 2002. These
voting agreements and certain related transactions were reported in the
Company's Schedule 13D filed with the Securities and Exchange Commission on
October 15, 2002. The Company disclaims beneficial ownership of any
securities held by such holders except to the extent of its pecuniary
interest, if any, therein. Each such voting agreement terminated by its
terms on December 20, 2002.
On December 20, 2002, the Company acquired 11,406,284 shares of the Common
Stock of Daleen, 115,681 shares of the Series F Convertible Preferred Stock
of Daleen , and Warrants to acquire 5,660,069 shares of the Common Stock of
Daleen at an exercise price of $0.906 per share, in each case pursuant to
an Asset Purchase Agreement dated October 7, 2002 (the "Asset Purchase
Agreement") between the Company, Daleen and Daleen Solutions, Inc. ("Daleen
Solutions") in exchange for substantially all the assets of the Company and
assumption by Daleen Solutions of certain of the Company's liabilities.
Certain of these shares are subject to escrow pursuant to the terms of the
Asset Purchase Agreement. The Asset Purchase Agreement was filed as Exhibit
99.1 to Current Report on Form 8-K filed by Daleen Technologies, Inc. on
October 11, 2002.
All such shares of Common Stock, Series F Preferred Stock and Warrants
were, immediately subsequent to their acquisition upon the consummation of
the transactions contemplated by the Asset Purchase Agreement, transferred
and assigned to Behrman Capital II L.P. and Strategic Entrepreneur Fund II,
L.P. in partial satisfaction of the Company's promissory notes dated
January 17, 2001. Both the acquisition of these securities on the
consummation of the transactions contemplated by the Asset Purchase
Agreement and their disposition immediately after such consummation are
reported on the Company's Form 4 of even date herewith.
ALBACORE HOLDINGS, INC.
f/k/a Abiliti Solutions, Inc.
/s/ Gordon D. Quick 12/24/02
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Gordon D. Quick, President Date
**Signature of Reporting Person
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.