3 1 f3_tfi.txt FORM 3 BY WILLIAM TAY OMB APPROVAL OMB NUMBER: 3235-0104 FORM 3 EXPIRES: DECEMBER 31, 2001 ESTIMATED AVERAGE BURDEN HOURS PER RESPONSE 0.5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 1. Name and Address of Reporting Person Tay William (Last) (First) (Middle) 1422 Chestnut Street, Suite #410, 4th floor (Street) Philadelphia Pennsylvania 19102 (City) (State) (Zip) 2. Date of Event Requiring Statement (Month/Day/Year) 04/23/01 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Issuer Name and Ticker or Trading Symbol Teldar Financial, Inc. (Common Stock: Not Traded) 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( X ) Director ( X ) 10% Owner ( X ) Officer (give title below) ( ) Other (specify below) Mr. William Tay is the Chairman of the Board of Directors, President, Chief Executive Officer, Secretary and Treasurer. 6. If Amendment, Date of Original (Month/Day/Year) 7. Individual or Joint/Group Filing (Check applicable line) ( X ) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person Page 1 Table I - Non-Derivative Securities Beneficially Owned

Table II - Derivative Securities Beneficially Owned (e.g, puts, calls, warrants, options, convertible securities)

Explanation of Responses: ------------------------- 1) DotCom Internet Ventures Ltd. is controlled by Mr. William Tay. 5,000,000 common shares are owned by DotCom Internet Ventures Ltd. /s/ William Tay May 7, 2001 ------------------------------- ----------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note. File three copies of this form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2

TELDAR FINANCIAL INC 3