UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-54A
NOTIFICATION OF ELECTION TO BE SUBJECT TO SECTION 55
THROUGH 65 OF THE INVESTMENT COMPANY ACT OF 1940 FILED
PURSUANT TO SECTION 54(a) OF THE ACT
The undersigned business development company hereby notifies the
Securities and Exchange Commission that it elects, pursuant to the provisions of
section 54(a) of the Investment Company Act of 1940 (the "Act"), to be subject
to the provisions of sections 55 through 65 of the Act and, in connection with
such notification of election, submits the following information:
Name: SUN NETWORK GROUP, INC.
Address of Principal
Business Office 1440 Coral Ridge Drive, No. 140
Coral Springs, Florida 33071
Telephone Number (954)360-4080
Name and Address of Agent for T. Joseph Coleman
Service and Process Sun Network Group, Inc.
1440 Coral Ridge Drive, No. 140
Coral Springs, Florida 33071
(954) 360-4080
Check one of the following:
[X] The company has filed a registration statement for a class of equity
securities pursuant to Section 12 of the Securities Exchange Act of 1934.
Give the file number of the registration statement or, if the file number
is unknown or has not yet been assigned, give the date on which the
registration statement was filed: 03342498
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[ ] The company is relying on Rule 12g-2 under the Securities Exchange Act of
1934 in lieu of filing a registration statement for a class of equity
securities under that Act.
The file number of the registration as an investment company pursuant to
section 8(a) of the Act, if any, of the company:
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The file number of the registration as an investment company pursuant to
section 8(a) of the Act, if any, of any subsidiary of the company:
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The undersigned company certifies that it is a closed-end company
organized under the laws of the State of Florida and with its principal place of
business in Florida; that it will be operated for the purpose of making
investments in securities described in sections 55(a)(1) through (3) of the
Investment Company Act of 1940; and that it will make available significant
managerial assistance with respect to issuers of such securities to the extent
required by the Act.
Pursuant to the requirements of the Act, the undersigned company has
caused this notification of election to be subject to sections 55 through 65 of
the Investment Company Act of 1940 to be duly signed on its behalf in the City
of Los Angeles, the State of California on this 15th day of March 2005.
/s/ T. Joseph Coleman
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SUN NETWORK GROUP, INC.
By: T. Joseph Coleman
Its: Chief Executive Officer