SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
NoFire Technologies, Inc.
(Name of Issuer)
Common Stock, par value $0.20 per share
(Title of Class of Securities)
654865 10 4
(CUSIP Number)
Sam Oolie 21 Industrial Ave. Upper Saddle River, NJ 07458
201-818-1616
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 30, 2004
(Date of Event which Requires Filing of this Statement)
CUSIP No. ..................................
1.
Names of Reporting Persons. I.R.S. Identification Nos. of above persons
...........Sam Oolie......081-30-0945..................................
2.
Check the Appropriate Box if a Member of a Group
(a)
..............................................................................
(b)
.................X.........................................................
3.
SEC Use Only
...........................................................................
4.
Source of Funds (See Instructions)
..................SC...................................................
5.
Check if Disclosure of Legal Proceedings Is Require
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
..............5,450,000..................................................
8.
Shared Voting Power
..............-0-.................................................
9.
Sole Dispositive Power
..........5,450,000.......................................................
10.
Shared Dispositive Power
..........-0-............................................
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
..................5,450,000............................
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares
) ...........
13.
Percent of Class Represented by Amount in Row (11)
................21.9 %.............................................
..
14.
Type of Reporting Person (See Instructions)
.................IN....................................................
Item 1. Security and Issuer.
The title of the class of equity securities to which this
Statement relates is the Common Stock, par value $0.20 per share (the "Common
Stock"), of NoFire Technologies, Inc. (the "Issuer"). The principal executive
offices of the Issuer are located at 21 Industrial Avenue, Upper Saddle River,
New Jersey 07458.
Item 2. Identity and Background.
(a.): Sam Oolie
(b.): Business address: 21 Industrial Ave. Upper Saddle River, NJ 07458
(c.): Mr. Oolie's principal occupation is an officer of NoFire Technologies,
Inc.. Mr. Oolie is a United States citizen.
(d.) & (e.): During the last five years Mr. Oolie has not been convicted in
any criminal proceeding (excluding traffic violations or similar
misdemeanors), and has not been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction resulting in
his being 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 violations with respect
to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
The entire loan price of $539,000 is from conversion of
short term debt owed by NoFire into long term convertible bond. Exercise of
warrants will come from the same source.
Item 4. Purpose of Transaction.
Mr. Oolie is owed various sums by NFTI for settlements
due to the bankruptcy, deferred salaries, and payments due for services
rendered. These sums are short term liabilities of NFTI, and as such impairs
the ability of NFTI when it seeks to do business with major corporations and
the U S Government and military. In order to improve NFTI's financial
situation Mr. Oolie has agreed to convert a portion of his debt to a long
term convertible bond.
Mr. Oolie does not have any plans or proposals with
respect to any extraordinary corporate transaction involving the Issuer or any
sale of its assets or any change in its Board of Directors, management,
capitalization, dividend policy, charter or by-laws, or any other change in
its business or corporate structure or with respect to the delisting or
deregistration of any of its securities including, without limitation, those
matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
a. Mr. Oolie beneficially owns 1,600,000 shares of the $0.20 per share
par value Common Stock of the Issuer: the only class of shares authorized by
the issuer, a convertible bond which is convertible into 3,850,000 shares and
warrants to purchase 11,550,000 common shares which are not exercisable
within 60 days from this date until said time when the authorized
capitalization is raised to accommodate the conversion of these warrants.
b. Mr. Oolie has the sole power to vote all of the shares noted in
paragraph (a).
c. Mr. Oolie has not made any transactions in the reported shares in the
past 60 days.
d. No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock beneficially owned by Mr. Oolie.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
The only contract between Mr. Oolie and the Company is included in
Exhibit 1 to this respect. Refer to that Exhibit for any and all of the
arrangements and understandings between the parties.
Item 7. Material to be filed as Exhibits.
Exhibit 1. Convertible Bond and Conversion of Debt Agreement
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I hereby certify that the information set forth in this statement is true,
complete and correct.
August 2004 ____________________________
Sam Oolie
C:\admin\docs\13D\Sam Oolie 8-30-04