- Statement of Ownership (SC 13G)
February 14 2012 - 03:58PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
POWER SPORTS FACTORY, INC
___________________________________________________________
(Name
of Issuer)
Common Stock
___________________________________________________________
(Title
of Class of Securities)
739316107
______________________________
(CUSIP
Number)
December 30, 2011
___________________________________________________________
(Date
of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the Rule
pursuant to which this Schedule is filed:
[X] Rule
13d – 1(b)
[ ] Rule
13d – 1(c)
[ ] Rule
13d – 1(d)
* The
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 disclosures provided in a prior cover
page.
The
information required on the remainder of this 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 be subject to all
other provisions of the Act (however, see the Notes .)
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1
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES
ONLY):
Bank
of America Corporation
directly
and on behalf of certain
subsidiaries
56-0906609
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [
]
(b) [ ]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
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5 SOLE VOTING POWER
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6 SHARED VOTING POWER
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4,800,000
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7 SOLE DISPOSITIVE POWER
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8 SHARED DISPOSITIVE POWER
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4,800,000
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,800,000
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10
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions)
[ ]
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.78%
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12
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TYPE
OF REPORTING PERSON (See
Instructions)
HC
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Item
1(a). Name
of Issuer:
POWER
SPORTS FACTORY, INC
Item
1(b). Address
of Issuer’s Principal Executive Offices:
6950 CENTRAL HIGHWAY
PENNSAUKEN
NJ 08109
Item
2(a). Name
of Person Filing:
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Bank
of America Corporation
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Item
2(b). Address
of Principal Business Office or, if None, Residence:
100
North Tryon Street, Floor 25
Bank
of America Corporate Center
Charlotte,
NC 28255
Item
2(c). Citizenship:
Delaware
Item
2(d). Title
of Class of Securities:
Common
Stock
Item
2(e). CUSIP
Number:
739316107
Item
3. If
This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c),
Check Whether the Person Filing is a:
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(a)
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[ ]
Broker or dealer registered under Section 15 of the Exchange
Act.
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(b)
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[ ]
Bank as defined in Section 3(a)(6) of the Exchange
Act.
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(c)
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[ ]
Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
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(d)
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[
] Investment company registered under Section 8 of the
Investment Company Act.
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(e)
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[ ]
An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E).
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(f)
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[
] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
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(g)
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[X]
A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G).
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(h)
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[ ]
A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act.
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(i)
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[ ]
A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company
Act.
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(j)
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[ ]
Group, in accordance with
Rule 13d-1(b)(1)(ii)(J).
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If
this statement is filed pursuant to Rule 13d-1(c), check this
box. [ ]
Item
4. Ownership:
With
respect to the beneficial ownership of the reporting person, see
Items 5 through 11 of the cover page to this Schedule 13G, which
are incorporated herein by reference.
Item
5. Ownership
of 5 Percent or Less of a Class:
If
this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ].
Item
6. Ownership
or More than Five Percent on Behalf of Another Person:
Not
Applicable.
Item
7. Identification
and Classification of the Subsidiary Which Acquired
the
Security Being Reported on by the Parent Holding Company or
Control
Person:
This
statement on Schedule 13G is being filed by Bank of America
Corporation on behalf of itself and its wholly owned subsidiary
Merrill Lynch Pierce Fenner & Smith.
Item
8. Identification
and Classification of Members of the Group:
Not
Applicable.
Item
9. Notice
of Dissolution of Group:
Not
Applicable.
Item
10. Certification:
By
signing below each of the undersigned certifies that, to the best
of such undersigned’s knowledge and belief, the securities referred
to above were acquired and are held in the ordinary course of
business and were not acquired and are not 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.
Dated: February
14, 2012
Bank of America Corporation
By: /s/
Michael Didovic
_____________________
Michael
Didovic
Director