SC 13G 1 vstr13gphr.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No.__)* VALUESETTERS, INC. (Name of Issuer) COMMON STOCK, PAR VALUE $.001 PER SHARE (Title of Class of Securities) 92046U106 (CUSIP Number) December 31, 2015 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ( ) Rule 13d-1(b) (X) 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 the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purposes 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). CUSIP NO. 92046U106 Page 2 of 5 Pages 1. NAMES OF REPORTING PERSON TelcoSoftware.com Corp. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) _ (b) _ 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF 5.SOLE VOTING POWER 48,614,323 SHARES BENEFICIALLY 6.SHARED VOTING POWER None OWNED BY EACH 7.SOLE DISPOSITIVE POWER 48,614,323 REPORTING PERSON WITH 8.SHARED DISPOSITIVE POWER None 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 48,614,323 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ( ) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.6% 12. TYPE OF REPORTING PERSON OO CUSIP NO. 92046U106 Page 3 of 5 Pages 1. NAMES OF REPORTING PERSON Paul H. Riss 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) _ (b) _ 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. NUMBER OF 5. SOLE VOTING POWER 48,614,323 SHARES BENEFICIALLY 6. SHARED VOTING POWER None OWNED BY EACH 7. SOLE DISPOSITIVE POWER 48,614,323 REPORTING PERSON WITH 8. SHARED DISPOSITIVE POWER None 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 48,614,323 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ( ) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.6% 12. TYPE OF REPORTING PERSON IN CUSIP NO. 92046U106 Page 4 of 5 Pages Item 1(a). Name of Issuer: Valuesetters, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 159 Meadow Street, Naugatuck, CT 06770 Item 2(a). Name of Person Filing: TelcoSoftware.com Corp. Paul H. Riss is the President of TelcoSoftware.com Corp. Item 2(b). Address of Principal Business Office: 430 North Street, White Plains, New York 10605 Item 2(c). Citizenship: Telcosoftware.com Corp. is a Delaware corporation Paul H. Riss is a citizen of the United States Item 2(d). Title of Class of Securities: Common Stock, par value $.001 per share Item 2(e). CUSIP Number: 92046U106 Item 3. If this statement is filed pursuant to sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4. Ownership. The responses to Items 5 through 11 on the cover page of this filing are incorporated by reference. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person or Control Person. Not applicable. CUSIP NO. 92046U106 Page 5 of 5 Pages Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. 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 I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held 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 16, 2016 TelcoSoftware.com Corp. By: /s/ Paul H. Riss Paul H. Riss, President /s/ Paul H. Riss Paul H. Riss