0000914121-05-000178.txt : 20120629
0000914121-05-000178.hdr.sgml : 20120629
20050125203837
ACCESSION NUMBER: 0000914121-05-000178
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050126
DATE AS OF CHANGE: 20050125
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: STEWART ALEXIS GILBERT
CENTRAL INDEX KEY: 0001315483
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
BUSINESS PHONE: 203-840-7113
MAIL ADDRESS:
STREET 1: C/O HEIDI DELUCA
STREET 2: 19 NEWTOWN TPKE
CITY: WESTPORT
STATE: CT
ZIP: 06880
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: MARTHA STEWART LIVING OMNIMEDIA INC
CENTRAL INDEX KEY: 0001091801
STANDARD INDUSTRIAL CLASSIFICATION: PERIODICALS: PUBLISHING OR PUBLISHING AND PRINTING [2721]
IRS NUMBER: 522187059
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-57891
FILM NUMBER: 05548274
BUSINESS ADDRESS:
STREET 1: 20 WEST 43RD STREET
CITY: NEW YORK
STATE: NY
ZIP: 10036
BUSINESS PHONE: 2128278000
MAIL ADDRESS:
STREET 1: 20 WEST 43RD STREET
CITY: NEW YORK
STATE: NY
ZIP: 10036
SC 13D
1
sw704089-13d.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Martha Stewart Living Omnimedia, Inc.
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(Name of Issuer)
Class A Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
573083102
--------------------------------------------------------------
(CUSIP Number)
Dennis J. Block, Esq.
Cadwalader, Wickersham & Taft LLP
100 Maiden Lane
New York, NY 10038
(212) 504-5555
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 6, 2004
--------------------------------------------------------------
(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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other
parties to whom copies are to be sent.
*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 cover 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).
--------------------------- --------------------
CUSIP No. 573083102 SCHEDULE 13D Page 2 of 10
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1 NAMES OF REPORTING PERSONS
Alexis Stewart
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ] (b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 United States
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7 SOLE VOTING POWER
NUMBER OF 26,118 shares of Class A Common Stock (1)
SHARES ---------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY 29,390,460 shares of Class A Common Stock (2)
OWNED BY ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH 26,118 shares of Class A Common Stock (1)
REPORTING ---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON 29,390,460 shares of Class A Common Stock (2)
WITH
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,416,578 shares of Class A Common Stock
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.74% (3)
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14 IN
--------------------------------------------------------------------------------
(1) Includes options to purchase 26,118 shares of Class A common stock, par
value $0.01 per share (the "Class A Common Stock"), of Martha Stewart Living
Omnimedia, Inc. (the "Company") which are exercisable by the Reporting Person
within 60 days of January 21, 2005, but excludes options to purchase 39,177
shares of Class A Common Stock held by the Reporting Person which are not
exercisable within 60 days of January 21, 2005.
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CUSIP No. 573083102 SCHEDULE 13D Page 3 of 10
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(2) Includes 29,390,460 shares of Class A Common Stock which Alexis Stewart may
beneficially own pursuant to (i) a revocable proxy, dated as of October 6, 2004,
whereby Martha Stewart appointed Alexis Stewart as her true and lawful proxy,
attorney-in-fact and agent with respect to all of the securities of the Company
that are owned by Martha Stewart from time to time and a power of attorney,
dated as of October 6, 2004, whereby Martha Stewart appointed Alexis Stewart as
her attorney-in-fact and (ii) a revocable proxy, dated as of October 6, 2004,
whereby the Martha Stewart Family Limited Partnership ("MSFLP") appointed Alexis
Stewart as its true and lawful proxy, attorney-in-fact and agent with respect to
all of the securities of the Company that are owned by MSFLP from time to time.
The 29,390,460 shares of Class A Common Stock include the following: (i) 5,100
shares of Class A Common Stock owned by Martha Stewart, (ii) options to purchase
262,500 shares of Class A Common Stock held by Martha Stewart which are
exercisable within 60 days of January 21, 2005, but excludes options to purchase
37,500 shares of Class A Common Stock held by Martha Stewart which are not
exercisable within 60 days of January 21, 2005, and (iii) 29,122,860 shares of
the Company's Class B common stock, par value $0.01 per share (the "Class B
Common Stock"), each of which is convertible at the option of the holder into
one share of Class A Common Stock, all of which are owned by the MSFLP and
indirectly owned by Martha Stewart as the sole general partner of MSFLP.
(3) Based upon a total of 20,665,381 shares of Class A Common Stock outstanding
as of November 5, 2004 as reported in the Company's Quarterly Report on Form
10-Q for the period ended September 30, 2004 and assumes (i) the conversion of
29,122,860 shares of Class B Common Stock, (ii) the exercise of options to
purchase 262,500 shares of Class A Common Stock held by Martha Stewart which are
exercisable within 60 days of January 21, 2005 and (iii) the exercise of options
to purchase 26,118 shares of Class A Common Stock held by the Reporting Person
which are exercisable within 60 days of January 21, 2005, but assumes no other
exercises or conversions of any other derivative or convertible securities
relating to the Company's Class A Common Stock.
--------------------------- --------------------
CUSIP No. 573083102 SCHEDULE 13D Page 4 of 10
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Item 1. Security and Issuer.
This statement relates to shares of Class A common stock, $0.01 par value
per share (the "Class A Common Stock"), of Martha Stewart Living Omnimedia,
Inc., a Delaware corporation (the "Company"). The Company's principal executive
offices are located at 11 West 42nd Street, New York, New York 10036. As
reported in the Company's Form 10-Q for the quarter ended September 30, 2004, as
of November 5, 2004, there were 20,665,381 shares of the Class A Common Stock
outstanding and 29,422,860 shares of the Company's Class B common stock, $0.01
par value per share (the "Class B Common Stock"), outstanding.
Item 2. Identity and Background.
(a) This statement on Schedule 13D is being filed on behalf of Alexis
Stewart, an individual (the "Reporting Person").
(b) The address for the Reporting Person is 19 Newtown Turnpike, 2nd
Floor, Westport, Connecticut 06880, Attn: Heidi DeLuca.
(c) The Reporting Person is a Real Estate Management Consultant.
(d) The Reporting Person has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) The Reporting Person has not, during the last five years, 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.
(f) The Reporting Person is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
No funds were expended by the Reporting Person in connection with the
29,390,460 shares of Class A Common Stock which may be beneficially owned by the
Reporting Person pursuant to (i) a revocable proxy, dated as of October 6, 2004,
whereby Martha Stewart appointed the Reporting Person as her true and lawful
proxy, attorney-in-fact and agent with respect to all of the securities of the
Company that are owned by Martha Stewart from time to time and a power of
attorney dated as of October 6, 2004, whereby Martha Stewart appointed the
Reporting Person as her attorney-in-fact and (ii) a revocable proxy, dated as of
October 6, 2004, whereby the Martha Stewart Family Limited Partnership ("MSFLP")
appointed the Reporting Person as its true and lawful proxy, attorney-in-fact
and agent with respect to all of the securities of the Company that are owned by
MSFLP from time to time.
No funds were expended by the Reporting Person in connection with the
options to purchase 26,118 shares of Class A Common Stock held by the Reporting
Person.
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CUSIP No. 573083102 SCHEDULE 13D Page 5 of 10
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Item 4. Purpose of Transaction.
The Reporting Person does not have any current intention, plan or proposal
with respect to: (a) the acquisition by any person of additional securities of
the Company, or the disposition of securities of the Company; (b) an
extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Company or any of its subsidiaries; (c) a sale or
transfer of a material amount of assets of the Company or any of its
subsidiaries; (d) any change in the present board of directors or management of
the Company, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board; (e) any material
change in the present capitalization or dividend policy of the Company; (f) any
other material change in the Company's business or corporate structure; (g)
changes in the Company's charter, bylaws or instruments corresponding thereto or
other actions which may impede the acquisition of control of the Company by any
person; (h) causing a class of securities of the Company to be delisted from a
national securities exchange, if any, or cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association; (i) a class of equity securities of the Company becoming eligible
for termination of a registration pursuant to Section 12(g)(4) of the Act; or
(j) any action similar to any of those enumerated above.
Notwithstanding the foregoing, the Reporting Person retains the right to
change her investment intent, to acquire additional securities from time to time
or to sell or otherwise dispose of all of part of the securities beneficially
owned by her in any manner permitted by law.
Item 5. Interest in Securities of the Issuer.
(a) As of the date hereof, the Reporting Person beneficially owns
29,416,578 shares of Class A Common Stock. This number includes (A) options to
purchase 26,118 shares of Class A Common Stock held by the Reporting Person
which are exercisable within 60 days of January 21, 2005, (B) 5,100 shares of
Class A Common Stock owned by Martha Stewart, (C) options to purchase 262,500
shares of Class A Common Stock held by Martha Stewart which are exercisable
within 60 days of January 21, 2005, and (D) 29,122,860 shares of the Company's
Class B Common Stock owned by MSFLP, each of which is convertible at the option
of the holder into one share of Class A Common Stock. This number excludes (A)
options to purchase 39,177 shares of Class A Common Stock held by the Reporting
Person which are not exercisable within 60 days of January 21, 2005 and (B)
options to purchase 37,500 shares of Class A Common Stock held by Martha Stewart
which are not exercisable within 60 days of January 21, 2005.
The Reporting Person may be deemed to own an aggregate of 58.74% of the
Company's Class A Common Stock, which is calculated based on a total of
20,665,381 shares of Class A Common Stock outstanding as of November 5, 2004 as
reported in the Company's Quarterly Report on Form 10-Q for the period ended
September 30, 2004 and assumes (A) the conversion of 29,122,860 shares of Class
B Common Stock, (B) the exercise of options to purchase 262,500 shares of Class
A Common Stock held by Martha Stewart which are exercisable within 60 days of
January 21, 2005 and (C) the exercise of options to purchase 26,118 shares of
Class A
--------------------------- --------------------
CUSIP No. 573083102 SCHEDULE 13D Page 6 of 10
--------------------------- --------------------
Common Stock held by the Reporting Person which are exercisable within 60 days
of January 21, 2005, but assumes no other exercises or conversions of any other
derivative or convertible securities relating to the Company's Class A Common
Stock.
(b) The table below sets forth for the Reporting Person, the numbers of
shares of Class A Common Stock for which there is sole power to vote or to
direct the vote, shared power to vote or direct the vote, or sole or shared
power to dispose or to direct the disposition.
Reporting
Person
------
Sole Power to Vote/
Direct Vote 26,118
Shared Power to
Vote/ Direct Vote 29,390,460
Sole Power to
Dispose/ Direct
Disposition 26,118
Shared Power to
Dispose/ Direct
Disposition 29,390,460
(c) There have been no purchases or sales of the Company's Class A Common
Stock by the Reporting Person within the last sixty days, except for the
following:
-------------------------------------------------
Date Transaction Shares Price
-------------------------------------------------
12/14/04 Acquire* 300,000 $0
-------------------------------------------------
12/14/04 Sell 3,900 $27.30
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12/14/04 Sell 900 $27.26
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12/14/04 Sell 1,000 $27.31
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12/14/04 Sell 200 $27.34
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12/14/04 Sell 1,000 $26.73
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12/14/04 Sell 1,000 $26.70
-------------------------------------------------
12/14/04 Sell 1,100 $26.75
-------------------------------------------------
12/14/04 Sell 1,300 $26.76
-------------------------------------------------
12/14/04 Sell 100 $26.77
-------------------------------------------------
12/14/04 Sell 500 $26.78
-------------------------------------------------
12/14/04 Sell 200 $26.79
-------------------------------------------------
12/14/04 Sell 200 $26.80
-------------------------------------------------
12/14/04 Sell 1,000 $26.83
-------------------------------------------------
12/14/04 Sell 300 $26.84
-------------------------------------------------
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CUSIP No. 573083102 SCHEDULE 13D Page 7 of 10
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-------------------------------------------------
Date Transaction Shares Price
-------------------------------------------------
12/14/04 Sell 100 $26.85
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12/14/04 Sell 1,000 $26.86
-------------------------------------------------
12/14/04 Sell 700 $26.87
-------------------------------------------------
12/14/04 Sell 800 $26.88
-------------------------------------------------
12/14/04 Sell 1,200 $26.89
-------------------------------------------------
12/14/04 Sell 400 $26.90
-------------------------------------------------
12/14/04 Sell 300 $26.91
-------------------------------------------------
12/14/04 Sell 500 $26.93
-------------------------------------------------
12/14/04 Sell 600 $26.94
-------------------------------------------------
12/14/04 Sell 500 $26.95
-------------------------------------------------
12/14/04 Sell 1,700 $26.97
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12/14/04 Sell 2,400 $26.98
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12/14/04 Sell 2,200 $26.99
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12/14/04 Sell 19,500 $27.00
-------------------------------------------------
12/14/04 Sell 500 $27.01
-------------------------------------------------
12/14/04 Sell 1,100 $27.02
-------------------------------------------------
12/14/04 Sell 1,000 $27.03
-------------------------------------------------
12/14/04 Sell 500 $27.04
-------------------------------------------------
12/14/04 Sell 800 $27.05
-------------------------------------------------
12/14/04 Sell 700 $27.06
-------------------------------------------------
12/14/04 Sell 500 $27.12
-------------------------------------------------
12/14/04 Sell 600 $27.13
-------------------------------------------------
12/14/04 Sell 1,000 $27.14
-------------------------------------------------
12/14/04 Sell 4,100 $27.15
-------------------------------------------------
12/14/04 Sell 100 $27.17
-------------------------------------------------
12/14/04 Sell 1,900 $27.18
-------------------------------------------------
12/14/04 Sell 200 $27.19
-------------------------------------------------
12/14/04 Sell 14,700 $27.20
-------------------------------------------------
12/14/04 Sell 200 $27.21
-------------------------------------------------
12/14/04 Sell 300 $27.22
-------------------------------------------------
12/14/04 Sell 1,900 $27.23
-------------------------------------------------
12/14/04 Sell 3,000 $27.24
-------------------------------------------------
12/14/04 Sell 600 $27.25
-------------------------------------------------
12/14/04 Sell 100 $27.27
-------------------------------------------------
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CUSIP No. 573083102 SCHEDULE 13D Page 8 of 10
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-------------------------------------------------
Date Transaction Shares Price
-------------------------------------------------
12/14/04 Sell 300 $27.26
-------------------------------------------------
12/14/04 Sell 5,700 $27.30
-------------------------------------------------
12/14/04 Sell 500 $27.32
-------------------------------------------------
12/14/04 Sell 20,200 $27.35
-------------------------------------------------
12/14/04 Sell 600 $27.36
-------------------------------------------------
12/14/04 Sell 10,400 $27.37
-------------------------------------------------
12/14/04 Sell 100 $27.38
-------------------------------------------------
12/14/04 Sell 8,900 $27.39
-------------------------------------------------
12/14/04 Sell 29,700 $27.40
-------------------------------------------------
12/14/04 Sell 1,100 $27.41
-------------------------------------------------
12/14/04 Sell 500 $27.43
-------------------------------------------------
12/14/04 Sell 11,600 $27.42
-------------------------------------------------
12/14/04 Sell 9,300 $27.44
-------------------------------------------------
12/14/04 Sell 26,600 $27.45
-------------------------------------------------
12/14/04 Sell 7,300 $27.46
-------------------------------------------------
12/14/04 Sell 500 $27.47
-------------------------------------------------
12/14/04 Sell 11,200 $27.48
-------------------------------------------------
12/14/04 Sell 1,200 $27.49
-------------------------------------------------
12/14/04 Sell 16,900 $27.50
-------------------------------------------------
12/14/04 Sell 5,000 $27.51
-------------------------------------------------
12/14/04 Sell 1,000 $27.52
-------------------------------------------------
12/14/04 Sell 1,200 $27.53
-------------------------------------------------
12/14/04 Sell 100 $27.54
-------------------------------------------------
12/14/04 Sell 1,200 $27.55
-------------------------------------------------
12/14/04 Sell 15,500 $27.56
-------------------------------------------------
12/14/04 Sell 17,900 $27.60
-------------------------------------------------
12/14/04 Sell 300 $27.62
-------------------------------------------------
12/14/04 Sell 600 $27.63
-------------------------------------------------
12/14/04 Sell 500 $27.64
-------------------------------------------------
12/14/04 Sell 2,400 $27.65
-------------------------------------------------
12/14/04 Sell 400 $27.66
-------------------------------------------------
12/14/04 Sell 5,000 $27.68
-------------------------------------------------
12/14/04 Sell 100 $27.69
-------------------------------------------------
12/14/04 Sell 100 $27.70
-------------------------------------------------
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CUSIP No. 573083102 SCHEDULE 13D Page 9 of 10
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-------------------------------------------------
Date Transaction Shares Price
-------------------------------------------------
12/14/04 Sell 500 $27.71
-------------------------------------------------
12/14/04 Sell 1,100 $27.72
-------------------------------------------------
12/14/04 Sell 300 $27.73
-------------------------------------------------
12/14/04 Sell 4,000 $27.74
-------------------------------------------------
12/14/04 Sell 800 $27.75
-------------------------------------------------
12/14/04 Sell 1,000 $27.67
-------------------------------------------------
* These shares of Class A Common Stock were acquired through the
conversion of Class B Common Stock into Class A Common Stock.
(d) Martha Stewart is the record owner of the shares of Class A Common
Stock that the Reporting Person beneficially owns and has the right to receive
or the power to direct the receipt of dividends from or the proceeds from the
sale of such Class A Common Stock.
Except as provided herein, no person other than each respective owner
referred to herein of Class A Common Stock 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 such Class A Common Stock.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
Martha Stewart executed a revocable proxy, dated as of October 6, 2004,
whereby Martha Stewart appointed the Reporting Person as her true and lawful
proxy, attorney-in-fact and agent with respect to all of the securities of the
Company that are owned by Martha Stewart from time to time. Martha Stewart also
executed a power of attorney, dated as of October 6, 2004, whereby Martha
Stewart appointed the Reporting Person as her attorney-in-fact
MSFLP executed a revocable proxy, dated as of October 6, 2004, whereby
MSFLP appointed the Reporting Person as its true and lawful proxy,
attorney-in-fact and agent with respect to all of the securities of the Company
that are owned by MSFLP from time to time.
Item 7. Materials to be Filed as Exhibits.
None.
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CUSIP No. 573083102 SCHEDULE 13D Page 10 of 10
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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: January 21, 2005
/s/ Alexis Stewart
---------------------------
Alexis Stewart