-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R95HN0DrSGPLp6JVFHsSd1hHhkcKA8P3Wn3KM3lUcwauAtpzQFrFL8a7yCJZPqTn PHXX474V2sX9jMdOpi7ddA== 0000891554-01-500968.txt : 20010223 0000891554-01-500968.hdr.sgml : 20010223 ACCESSION NUMBER: 0000891554-01-500968 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010214 GROUP MEMBERS: APPLEWOOD ASSOCIATES L P GROUP MEMBERS: APPLEWOOD CAPITAL CORP. GROUP MEMBERS: BARRY FINGERHUT GROUP MEMBERS: BARRY RUBENSTEIN GROUP MEMBERS: IRWIN LIEBER GROUP MEMBERS: JONATHAN LIEBER GROUP MEMBERS: MARILYN RUBENSTEIN GROUP MEMBERS: REBECCA RUBENSTEIN GROUP MEMBERS: SENECA VENTURES GROUP MEMBERS: SETH LIEBER GROUP MEMBERS: THE MARILYN AND BARRY RUBENSTE GROUP MEMBERS: WOODLAND PARTNERS GROUP MEMBERS: WOODLAND SERVICES CORP GROUP MEMBERS: WOODLAND VENTURE FUND SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VIDEO NETWORK COMMUNICATIONS INC CENTRAL INDEX KEY: 0000944310 STANDARD INDUSTRIAL CLASSIFICATION: TELEGRAPH & OTHER MESSAGE COMMUNICATIONS [4822] IRS NUMBER: 541707962 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-53297 FILM NUMBER: 1545771 BUSINESS ADDRESS: STREET 1: 50 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 BUSINESS PHONE: 6033346700 MAIL ADDRESS: STREET 1: 50 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 FORMER COMPANY: FORMER CONFORMED NAME: OBJECTIVE COMMUNICATIONS INC DATE OF NAME CHANGE: 19970122 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: APPLEWOOD ASSOCIATES L P CENTRAL INDEX KEY: 0000885787 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 68 WHEATLEY RD CITY: BROOKVILLE STATE: NY ZIP: 11545 BUSINESS PHONE: 2127358600 SC 13G 1 d24822_sch13g.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Amendment No. 1)* Video Network Communications, Inc. (formerly Objective Communications, Inc.) (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securities) 674421201 (CUSIP Number) December 31, 2000 (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 in 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. 674421201 13G ________________________________________________________________________________ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Wheatley Partners II, L.P. (formerly Applewood Associates, L.P.) ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 150,000 shares 1.4% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 shares 0% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 150,000 shares 1.4% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 0 shares 0% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN ________________________________________________________________________________ 2 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Applewood Capital Corp. ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 150,000 shares 1.4% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 150,000 shares 1.4% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO ________________________________________________________________________________ 3 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Barry Rubenstein ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 798,000 shares 7.5% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 798,000 shares 7.5% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 798,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ________________________________________________________________________________ 4 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Irwin Lieber ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 150,000 shares 1.4% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 150,000 shares 1.4% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ________________________________________________________________________________ 5 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Barry Fingerhut ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 150,000 shares 1.4% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 150,000 shares 1.4% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ________________________________________________________________________________ 6 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Seth Lieber ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 150,000 shares 1.4% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 150,000 shares 1.4% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ________________________________________________________________________________ 7 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Jonathan Lieber ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 150,000 shares 1.4% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 150,000 shares 1.4% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ________________________________________________________________________________ 8 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Seneca Ventures ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 200,000 shares 1.9% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 448,000 shares 4.2% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 200,000 shares 1.9% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 448,000 shares 4.2% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 648,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.1% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN ________________________________________________________________________________ 9 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Woodland Venture Fund ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 345,000 shares 3.2% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 303,000 shares 2.8% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 345,000 shares 3.2% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 303,000 shares 2.8% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 648,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.1% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN ________________________________________________________________________________ 10 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Woodland Partners ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 53,000 shares 0.5% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 595,000 shares 5.6% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 53,000 shares 0.5% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 595,000 shares 5.6% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 648,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.1% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN ________________________________________________________________________________ 11 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) The Marilyn and Barry Rubenstein Family Foundation ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 50,000 shares 0.5% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 598,000 shares 5.6% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 50,000 shares 0.5% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 598,000 shares 5.6% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 648,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.1% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO ________________________________________________________________________________ 12 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Marilyn Rubenstein ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 648,000 shares 6.1% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 648,000 shares 6.1% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 648,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.1%% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ________________________________________________________________________________ 13 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Woodland Services Corp. ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 648,000 shares 6.1% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 648,000 shares 6.1% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 648,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.1%% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO ________________________________________________________________________________ 14 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Brian Rubenstein ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 50,000 shares 0.5% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 50,000 shares 0.5% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.5% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ________________________________________________________________________________ 15 of 29 CUSIP No. 674421201 13G ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Rebecca Rubenstein ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 shares 0% _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 50,000 shares 0.5% _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 shares 0% _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 50,000 shares 0.5% ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50,000 shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.5% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ________________________________________________________________________________ 16 of 29 Item 1. (a) Video Network Communications, Inc. (formerly Objective Communications, Inc.) (b) Address of Issuer's Principal Executive Offices 50 International Drive Portsmouth, New Hampshire 03801 Units, each unit consisting of one share of Common Stock and one redeemable stock purchase warrant (the "August 2000 Warrants"). Each warrant entitles the holder to purchase one share of Common Stock, commencing on the date that is one day following the six-month anniversary of the closing of the offering and ending on June 15, 2004, subject to redemption, for an initial exercise price of $4.00 per share. In the event that a registration statement is not declared effective, no later than 120 days after the closing, then on such date and on each monthly anniversary of such date, and until the earlier of the effectiveness of the registration statement or the 19th monthly anniversary of the closing date, the issuer shall issue additional warrants to purchase a number of shares of Common Stock equal to 5% of the number of warrants purchased by the holder in the offering (the "Additional Warrants"). Item 2. 1. (a) Name of Person Filing: Wheatley Partners II, L.P., (formerly Applewood Associates, L.P.) (b) Address of Principal Business Office, or, if none, Residence: 80 Cuttermill Road Great Neck, New York 11021 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 2. (a) Name of Person Filing: Applewood Capital Corp. (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 3. (a) Name of Person Filing: Barry Rubenstein (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: United States. 17 of 29 (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 4. (a) Name of Person Filing: Irwin Lieber (b) Address of Principal Business Office, or, if none, Residence: 825 Third Avenue New York, New York 10022 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 5. (a) Name of Person Filing: Barry Fingerhut (b) Address of Principal Business Office, or, if none, Residence: 825 Third Avenue New York, New York 10022 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 6. (a) Name of Person Filing: Seth Lieber (b) Address of Principal Business Office, or, if none, Residence: 825 Third Avenue New York, New York 10022 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 7. (a) Name of Person Filing: Jonathan Lieber (b) Address of Principal Business Office, or, if none, Residence: 825 Third Avenue New York, New York 10022 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 8. (a) Name of Person Filing: Seneca Ventures (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 18 of 29 9. (a) Name of Person Filing: Woodland Venture Fund (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 10. (a) Name of Person Filing: Woodland Partners (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 11. (a) Name of Person Filing: The Marilyn and Barry Rubenstein Family Foundation (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 12. (a) Name of Person Filing: Marilyn Rubenstein (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 13. (a) Name of Person Filing: Woodland Services Corp. (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 19 of 29 14. (a) Name of Person Filing: Brian Rubenstein (b) Address of Principal Business Office, or, if none, Residence: 36 Barstow Road Great Neck, New York 11021 (c) Citizenship:United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 15. (a) Name of Person Filing: Rebecca Rubenstein (b) Address of Principal Business Office, or, if none, Residence: 300 East 75th Street New York, New York 10021 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: 674421201 Item 3. If this statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b) or (c), check whether the person is a: (a) |_| Broker or dealer registered under section 15 of the Act (15 U.S.C.78o) (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) |_| Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) |_| Investment company as registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) |_| An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with ss.240.13d- 1(b)(1)(ii)(F); (g) |_| A parent holding company or control person in accordance with ss.240.13d- 1(b)(1)(ii)(G); (h) |_| A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) |_| A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). 20 of 29 Item 4. Ownership. 1. Wheatley Partners II, L.P. ("Wheatley Partners II"): (a) Amount Beneficially Owned: 150,000(1) shares. (b) Percent of Class: 1.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 150,000(1)shares. (ii) shared power to vote or to direct the vote: 0 shares. (iii) sole power to dispose or to direct the disposition of: 150,000(1) shares. (iv) shared power to dispose or to direct the disposition of: 0 shares. 2. Applewood Capital Corp.: (a) Amount Beneficially Owned: 150,000(1),(2) shares. Reporting person is a general partner of Wheatley Partners II. (b) Percent of Class: 1.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 150,000(1),(2) shares. (iii) sole power to dispose or to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of: 150,000(1),(2) shares. 3. Barry Rubenstein: (a) Amount Beneficially Owned: 798,000(1),(2),(3),(4),(5),(6) shares. Reporting person is a general partner of Wheatley Partners II, an officer and a director of Applewood Capital Corp., a general partner of Seneca Ventures, Woodland Venture Fund, and Woodland Partners, an officer and director of Woodland Services Corp. and a Trustee of The Marilyn and Barry Rubenstein Family Foundation. Mr. Rubenstein is the husband of Marilyn Rubenstein and the father of Brian Rubenstein and Rebecca Rubenstein. (b) Percent of Class: 7.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 798,000(1),(2),(3),(4),(5),(6) shares. - ------------------------ (1) Includes 150,000 shares of Common Stock owned by Wheatley Partners II, L.P. (2) The reporting person disclaims beneficial ownership of these securities except to the extent of his/her/its equity interest therein. (3) Includes 200,000 shares of Common Stock owned by Seneca Ventures. Does not include shares of Common Stock issuable upon the exercise of the August 2000 Warrants and Additional Warrants. (4) Includes 345,000 shares of Common Stock owned by Woodland Venture Fund. Does not include shares of Common Stock issuable upon the exercise of the August 2000 Warrants and Additional Warrants. (5) Includes 53,000 shares of Common Stock owned by Woodland Partners. (6) Includes 50,000 shares of Common Stock owned by The Marilyn and Barry Rubenstein Family Foundation. Does not include shares of Common Stock issuable upon the exercise of the August 2000 Warrants and Additional Warrants. 21 of 29 (iii) sole power to dispose or to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of: 798,000(1),(2),(3),(4),(5),(6) shares. 4. Irwin Lieber: (a) Amount Beneficially Owned: 150,000(1),(2) shares. Reporting person is a general partner of Wheatley Partners II and an officer and a director of Applewood Capital Corp. (b) Percent of Class: 1.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 150,000(1),(2) shares. (iii) sole power to dispose or to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of: 150,000(1),(2) shares. 5. Barry Fingerhut: (a) Amount Beneficially Owned: 150,000(1),(2) shares. Reporting person is a general partner of Wheatley Partners II, and an officer and a director of Applewood Capital Corp. (b) Percent of Class: 1.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 150,000(1),(2) shares. (iii) sole power to dispose or to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of: 150,000(1),(2) shares. 6. Seth Lieber: (a) Amount Beneficially Owned: 150,000(1),(2) shares. Reporting person is a general partner of Wheatley Partners II, and an officer of Applewood Capital Corp. (b) Percent of Class: 1.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 150,000(1),(2) shares. (iii) sole power to dispose or to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of: 150,000(1),(2) shares. 7. Jonathan Lieber: (a) Amount Beneficially Owned: 150,000(1),(2) shares. Reporting person is a general partner of Wheatley Partners II, and an officer of Applewood Capital Corp. (b) Percent of Class: 1.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 150,000(1),(2) shares. (iii) sole power to dispose or to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of: 150,000(1),(2) shares. 8. Seneca Ventures: (a) Amount Beneficially Owned: 648,000(2),(3),(4),(5),(6) shares. (b) Percent of Class: 6.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 200,000(3) shares. 22 of 29 (ii) shared power to vote or to direct the vote: 448,000(2),(4),(5),(6) shares. (iii) sole power to dispose or to direct the disposition of: 200,000(3) shares. (iv) shared power to dispose or to direct the disposition of: 448,000(2),(4),(5),(6) shares. 9. Woodland Venture Fund: (a) Amount Beneficially Owned: 648,000(2),(3),(4),(5),(6) shares. (b) Percent of Class: 6.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 345,000(4) shares. (ii) shared power to vote or to direct the vote: 303,000(2),(3),(5),(6) shares. (iii) sole power to dispose or to direct the disposition of: 345,000(4) shares. (iv) shared power to dispose or to direct the disposition of: 303,000(2),(3),(5),(6) shares. 10. Woodland Partners: (a) Amount Beneficially Owned: 648,000(2),(3),(4),(5),(6) shares. (b) Percent of Class: 6.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 53,000(5) shares. (ii) shared power to vote or to direct the vote: 595,000(2),(3),(4),(6) shares. (iii) sole power to dispose or to direct the disposition of: 53,000(5) shares. (iv) shared power to dispose or to direct the disposition of: 595,000(2),(3),(4),(6) shares. 11. The Marilyn and Barry Rubenstein Family Foundation (the "Foundation"): (a) Amount Beneficially Owned: 648,000(2),(3),(4),(5),(6) shares. (b) Percent of Class: 6.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 50,000(6) shares. (ii) shared power to vote or to direct the vote: 598,000(2),(3),(4),(5) shares. (iii) sole power to dispose or to direct the disposition of: 50,000(6) shares. (iv) shared power to dispose or to direct the disposition of: 598,000(2),(3),(4),(5) shares. 12. Marilyn Rubenstein: (a) Amount Beneficially Owned: 648,000(2),(3),(4),(5),(6) Reporting person is a general partner of Woodland Partners, a Trustee of the Foundation and an officer of Woodland Services Corp. Marilyn Rubenstein is the mother of Brian Rubenstein and Rebecca Rubenstein. (b) Percent of Class: 6.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 648,000(2),(3),(4),(5),(6) shares. (iii) sole power to dispose or to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of: 648,000(2),(3),(4),(5),(6) shares. 13. Woodland Services Corp.: (a) Amount Beneficially Owned: 648,000(2),(3),(4),(5),(6) shares. Reporting person is a general partner of Seneca Ventures and Woodland Venture Fund. (b) Percent of Class: 6.1% (c) Number of shares as to which such person has: 23 of 29 (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 648,000(2),(3),(4),(5),(6) shares. (iii) sole power to dispose or to direct to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of: 648,000(2),(3),(4),(5),(6) shares. 14. Brian Rubenstein: (a) Amount Beneficially Owned: 50,000(2),(6) shares. Reporting person is a Trustee of the Foundation and the son of Barry and Marilyn Rubenstein. (b) Percent of Class: 0.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 50,000(2),(6) shares. (iii) sole power to dispose or to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of 50,000(2),(6) shares. 15. Rebecca Rubenstein: (a) Amount Beneficially Owned: 50,000(2),(6) shares. Reporting person is a Trustee of the Foundation and the daughter of Barry and Marilyn Rubenstein. (b) Percent of Class: 0.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares. (ii) shared power to vote or to direct the vote: 50,000(2),(6) shares. (iii) sole power to dispose or to direct the disposition of: 0 shares. (iv) shared power to dispose or to direct the disposition of: 50,000(2),(6) shares. Item 5. Ownership of Five 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. |_| Instruction: Dissolution of a group requires a response to this item. Item 6. Ownership of 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. Not Applicable. Item 8. Identification and Classification of Members of the Group. See Exhibit A for Joint Filing Agreement. Exhibit B for Brian Rubenstein - Power of Attorney, was previously filed with Schedule 13G, dated June 15, 1999. 24 of 29 Exhibit C for Rebecca Rubenstein - Power of Attorney, was previously filed with Schedule 13G, dated June 15, 1999. Item 9. Notice of Dissolution of Group. Not Applicable. Item 10. Certification. (b) The following certification shall be included if the statement is filed pursuant to ss.240.13d-1(c): By signing below each party certifies that, to the best of his/her/its 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. 25 of 29 SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. Date: February 14, 2001 WHEATLEY PARTNERS II, L.P. By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a General Partner APPLEWOOD CAPITAL CORP. By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, President /s/ Barry Fingerhut ------------------------------------ Barry Fingerhut /s/ Irwin Lieber ------------------------------------ Irwin Lieber /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein /s/ Seth Lieber ------------------------------------ Seth Lieber /s/ Jonathan Lieber ------------------------------------ Jonathan Lieber WOODLAND PARTNERS By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a General Partner SENECA VENTURES By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a General Partner 26 of 29 WOODLAND VENTURE FUND By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a General Partner WOODLAND SERVICES CORP. By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, President THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a Trustee /s/ Marilyn Rubenstein ------------------------------------ Marilyn Rubenstein * ------------------------------------ Brian Rubenstein * ------------------------------------ Rebecca Rubenstein * /s/ Barry Rubenstein - --------------------------------------- Barry Rubenstein, Attorney-in-Fact Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) 27 of 29 Exhibit A JOINT FILING AGREEMENT In accordance with Rule 13d-1 under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, $0.01 par value per share, of Video Network Communications, Inc. (formerly Objective Communications, Inc.) and that this Agreement be included as an Exhibit to such joint filing. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective as of the 31st day of December, 2000. WHEATLEY PARTNERS II, L.P. By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a General Partner APPLEWOOD CAPITAL CORP. By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, President /s/ Barry Fingerhut ------------------------------------ Barry Fingerhut /s/ Irwin Lieber ------------------------------------ Irwin Lieber /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein /s/ Seth Lieber ------------------------------------ Seth Lieber /s/ Jonathan Lieber ------------------------------------ Jonathan Lieber WOODLAND PARTNERS By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a General Partner 28 of 29 SENECA VENTURES By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a General Partner WOODLAND VENTURE FUND By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a General Partner WOODLAND SERVICES CORP. By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, President THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: /s/ Barry Rubenstein ------------------------------------ Barry Rubenstein, a Trustee /s/ Marilyn Rubenstein ------------------------------------ Marilyn Rubenstein * ------------------------------------ Brian Rubenstein * ------------------------------------ Rebecca Rubenstein * /s/ Barry Rubenstein - ---------------------------------------- Barry Rubenstein, Attorney-in-Fact 29 of 29 -----END PRIVACY-ENHANCED MESSAGE-----