U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549 (March 24, 2004) SCHEDULE 13D
(AMENDMENT NO. 3)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
GFY FOODS, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
36169V-10-2
(CUSIP Number)
Edward Schwalb, President
GFY Foods, Inc.
497 LaSalle Lane
Buffalo Grove, Illinois 60089
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 24, 2004
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13C, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box [ ].
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1. Names of Reporting Persons. S.S or I.R.S. Identification Nos. of Above Persons (entities only): Edward Schwalb
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)________________________________________________________________
(b)________________________________________________________________
3. SEC Use Only:
4. Source of Funds (See Instructions): OO
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
6. Citizenship or Place of Organization: United States
Number of Shares Beneficially Owned by Each Reporting Person With:
7. Sole Voting Power: 1,302,250,000
8. Shared Voting Power: 0
9. Sole Dispositive Power: 1,302,250,000
10. Shared Dispositive Power: 0
11. Aggregate Amount Beneficially Owned by the Reporting Persons (combined):
1,302,250,000
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares: _______
13. Percent of Class Represented by Amount in Row (11): 59.26%
14. Type of Reporting Person: IN
2
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ITEM 1. SECURITY AND ISSUER.
GFY Foods, Inc.
Common Stock, $0.001 par value
497 LaSalle Lane
Buffalo Grove, Illinois 60089
ITEM 2. IDENTITY AND BACKGROUND.
(a) Edward Schwalb
(b) 497 LaSalle Lane, Buffalo Grove, Illinois 60089
(c) Present principal occupation or employment:
Officer and Director
GFY Foods, Inc.
497 LaSalle Lane
Buffalo Grove, Illinois 60089
GFY is an owner and operator of a restaurant
(d, e) During the last five years, Mr. Schwalb has not been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(f) Citizenship:
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Issuer issued to Mr. Schwalb 1,000,000,000 shares of restricted stock under the terms of his employment agreement. The stock was issued for services rendered to the Issuer. Under the terms of his employment agreement, Mr. Schwalb is to maintain a 70% interest in the outstanding common stock of the Registrant.
ITEM 4. PURPOSE OF TRANSACTION.
See Item 3 above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) 1,302,250,000 shares are owned by Edward Schwalb. This amount represents 59.26% of the 2,198,265,161 outstanding shares as of March 24, 2004.