SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b)(c) and (d) and AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
(Amendment No. _)1
DCAP Group, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
233065 10 1
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(CUSIP Number)
August 6, 2003
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(Date of Event Which Requires Filing of this Statement)
Check 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)
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1The 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 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 to all other provisions of the Act (however, see the Notes).
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CUSIP NO. 233065 10 1 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
(ENTITIES ONLY)
AIA Acquisition Corp.
23-2885341
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP*
(a) [ ]
(b) [ X ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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5 SOLE VOTING POWER
1,808,000
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NUMBER OF -------------- ------------------------------------------
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING -------------- ------------------------------------------
PERSON ---------------------------------------------------------
WITH
7 SOLE DISPOSITIVE POWER
1,808,000
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8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,808,000
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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
12.8%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
Item 1(a) Name of Issuer:
DCAP Group, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1158 Broadway
Hewlett, New York 11557
Item 2(a) Name of Person Filing:
AIA Acquisition Corp.
Item 2(b) Address of Principal Business Office or, if none, Residence:
2787 Market Street
Upper Darby, PA 19082
Item 2(c) Citizenship:
Pennsylvania
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
233065 10 1
Item 3 Type of Reporting Person:
Not Applicable
Item 4 Ownership.
Item 4(a) Amount Beneficially Owned:
As of August 6, 2003, AIA Acquisition Corp. beneficially owned 1,808,000
shares of Common Stock of Issuer, which are issuable upon the conversion of
currently convertible shares of Series A Preferred Stock of Issuer (the
"Preferred Stock"). The number of shares of Common Stock of Issuer issuable upon
the conversion of the Preferred Stock was fixed on August 6, 2003.
Item 4(b) Percent of Class:
12.8% beneficially owned by AIA Acquisition Corp. Calculation of percentage
of beneficial ownership is based on 12,353,402 shares of Issuer's Common Stock
outstanding on July 31, 2003 as reported by Issuer in its Quarterly Report filed
on Form 10-QSB for the period ended June 30, 2003, plus 1,808,000 shares of
Issuer Common Stock issuable upon the conversion of the Preferred Stock.
Item 4(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,808,000
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of: 1,808,000
(iv) shared power to dispose or to direct the disposition of: -0-
Items 5-9. Not applicable.
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 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.
September 18, 2003
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Date
AIA Acquisition Corp.
By:/s/ Barry Lefkowitz
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Name: Barry Lefkowitz
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Title: Vice President
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