SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
REVCARE, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
761331107
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(CUSIP Number)
Cathy Sigalas, Esq., 1001 Nineteenth Street North, Arlington, VA 22209
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 31, 2003
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(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [_].
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 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).
CUSIP No. 761331107 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Friedman, Billings, Ramsey Group, Inc.
54-1837198
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
WC
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
15,000,000
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
15,000,000
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,000,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
HC
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Emanuel J. Friedman
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
WC
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 15,000,000
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
15,000,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,000,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Eric F. Billings
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
WC
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 15,000,000
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
15,000,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,000,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 761331107 13D
________________________________________________________________________________
Item 1. Security and Issuer.
This statemnt relates to the common stock of Revcare, Inc., having its principal
executive office at 5400 Orange Avenue, Suite 200, Cypress, CA 90630.
________________________________________________________________________________
Item 2. Identity and Background.
(a)-(c) The Reporting Person, Friedman, Billings, Ramsey Group, Inc.
(I.R.S. ID 54-1837198 (New FBR Group), is the successor company to Friedman,
Billings, Ramsey Group, Inc. (I.R.S. ID 54-1837743), following the merger of the
latter company with FBR Asset Investment Corporation on March 31, 2003. FBR
Group is a Virginia corporation and holding company for certain asset
management and capital markets businesses, and has elected REIT status. The
shares underlying this filing were purchased by FBR Financial Fund II, which
following the original 13D filing on June 9, 2000 changed its name to FBR
Financial Services Partners (the Fund), and which is managed by FBR
Investment Management, Inc., a wholly owned, indirect subsidiary of FBR Group.
This filing is being made to report New FBR Group's ownership interest in the
Issuer, as successor to the previous Reporting Person in the June 9, 2000
filing. Please see the June 9, 2000 filing for additional information about
the terms of the purchase of these shares.
(d)-(e) During the last five years, Friedman, Billings, Ramsey Group, Inc.
has not been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
Funds for the purchase of the securities were derived from the Reporting
Person's predecessor's working capital. Specifically, $7,500,000 in cash was
paid to the Issuer in consideration for 15,000,000 shares of common stock of the
Issuer.
________________________________________________________________________________
Item 4. Purpose of Transaction.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer.
There are approximately 21,526,909 shares of common stock issued and
outstanding. As of May 14,2004 :
(a) Amount beneficially owned: 15,000,000 Percent of class: 69.8%
(b) The number of shares as to which the Reporting Person has:
(i) Sole power to vote or direct the vote: 15,000,000 shares
(ii) Shared power to vote or direct the vote: none
(iii) Sole power to dispose or direct the disposition of: 15,000,000
shares
(iv) Shared power to dispose or direct the disposition of: none
(c) Recent Transactions: Not applicable
(d) Grants with Respect to Dividents or Sales Proceeds: Not applicable.
(e) Date of Cessation of Five Percent BeneficialOwnership: Not applicable.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
See the Form SC 13D filed June 9, 2000.
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
See the Form SC 13D filed June 9, 2000.
________________________________________________________________________________
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.
FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.
Dated: August 10, 2004
By: /s/ EMANUEL J. FRIEDMAN
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Name: Emanuel J. Friedman
Title: Co-Chairman and Co-CEO
Dated: August 10, 2004
By: /s/ ERIC F. BILLINGS
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Eric F. Billings
Dated: August 10, 2004
By: /s/ EMANUEL J. FRIEDMAN
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Emanuel J. Friedman