-----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, Q1xuDbmA1AIYkKXGekQz8Y5mI6yXWGjmJZQmREGnEJNpOBGrdjHQrjWnKTpEmFSV yisqZHlFU0CLekJP2YgSSw== 0001005477-97-001038.txt : 19970411 0001005477-97-001038.hdr.sgml : 19970411 ACCESSION NUMBER: 0001005477-97-001038 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970410 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HEALTHCARE ACQUISITION CORP CENTRAL INDEX KEY: 0000944763 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 650572565 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50431 FILM NUMBER: 97577603 BUSINESS ADDRESS: STREET 1: 200 E BROWARD BLVD STREET 2: P O BOX 1900 CITY: FT LAUERDALE STATE: FL ZIP: 33302 BUSINESS PHONE: 9547612908 MAIL ADDRESS: STREET 1: 200 E BROWARD BLVD STREET 2: P O BOX 1900 CITY: FT LAUERDALE STATE: FL ZIP: 33302 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WOODLAND PARTNERS CENTRAL INDEX KEY: 0000936898 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 39 WOODLAND ROAD CITY: ROSLY STATE: NY ZIP: 11576 BUSINESS PHONE: 5166271032 MAIL ADDRESS: STREET 1: 68 WHEATLEY RD CITY: BROOKVILLE STATE: NY ZIP: 11545 SC 13D/A 1 AMENDMENT NO. 3 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* HEALTHCARE ACQUISITION CORP. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.001 PAR VALUE - -------------------------------------------------------------------------------- (Title of Class of Securities) 421923103 - -------------------------------------------------------------------------------- (CUSIP Number) Copy to: Stephen A. Cohen, Esq. Seneca Ventures Morrison Cohen Singer & Weinstein, LLP 68 Wheatley Road 750 Lexington Avenue Brookville, New York 11545 New York, New York 10022 Telephone (516) 626-3070 Telephone (212) 735-8600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) March 19, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following space __. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). (Continued on following page(s)) CUSIP No. 421923103 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Woodland Partners - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power 13,000 shares .6% ----------------------------------------------------------------- Number of 8 Shared Voting Power Shares 191,100 shares 9.1% Beneficially ----------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 13,000 shares .6% Reporting ----------------------------------------------------------------- Person 10 Shared Dispositive Power With 191,100 shares 9.1% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 204,100 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 9.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 421923103 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Barry Rubenstein - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* PF, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 51,100 shares 2.4% Shares ----------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 153,000 shares 7.3% Each ----------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 51,100 shares 2.4% With ----------------------------------------------------------------- 10 Shared Dispositive Power 153,000 shares 7.3% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 204,100 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 9.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 421923103 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Marilyn Rubenstein - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* PF, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 20,000 shares 1.0% ----------------------------------------------------------------- Number of 8 Shared Voting Power Shares 184,100 shares 8.8% Beneficially ----------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 20,000 shares 1.0% Reporting ----------------------------------------------------------------- Person 10 Shared Dispositive Power With 184,100 shares 8.8% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 204,100 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 9.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 421923103 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Woodland Venture Fund - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 50,000 shares 2.4% Shares ----------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 154,100 shares 7.3% Each ----------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 50,000 shares 2.4% With ----------------------------------------------------------------- 10 Shared Dispositive Power 154,100 shares 7.3% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 204,100 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 9.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 421923103 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Seneca Ventures - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 50,000 shares 2.4% Shares ----------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 154,100 shares 7.3% Each ----------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 50,000 shares 2.4% With ----------------------------------------------------------------- 10 Shared Dispositive Power 154,100 shares 7.3% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 204,100 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 9.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 421923103 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Woodland Services Corp. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares ----------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 204,100 shares 9.7% Each ----------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With ----------------------------------------------------------------- 10 Shared Dispositive Power 204,100 shares 9.7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 204,100 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 9.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 421923103 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The Marilyn and Barry Rubenstein Family Foundation - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 20,000 shares 1.0% Shares ----------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 184,100 shares 8.8% Each ----------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 20,000 shares 1.0% With ----------------------------------------------------------------- 10 Shared Dispositive Power 184,100 shares 8.8% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 204,100 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 9.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* OO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 421923103 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Brian Rubenstein - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares ----------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 20,000 shares 1.0% Each ----------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With ----------------------------------------------------------------- 10 Shared Dispositive Power 20,000 shares 1.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 20,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 1.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! This statement, dated March 19, 1997, constitutes Amendment No. 3 to the Schedule 13D, dated March 8, 1996, regarding the reporting persons' ownership of Common Stock of Healthcare Acquisition Corp. (the "Issuer"). The Schedule 13D is hereinafter referred to as the "Schedule." All capitalized terms used herein and otherwise undefined shall have the meanings ascribed in the Schedule. This Amendment No. 3 to the Schedule is filed in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the reporting persons. Pursuant to Rule 13d-2, it shall state the information which has materially changed since the filing of the Schedule. ITEM 4. Purpose of Transaction Although the reporting persons could revoke their proxy for the Special Meeting of Stockholders of the Issuer, the reporting persons voted against the proposal to approve the Agreement and Plan of Merger, providing for the merger of Healthcare Acquisition, Inc. and Encore Orthopedics, Inc. (the "Merger"). It was the intention of the reporting persons to comply with the requirements set forth in the Issuer's Joint Proxy/Prospectus in order to convert their shares for cash if the Merger was approved and consummated. ITEM 5. Interests in Securities of Issuer. (a) The following list sets forth the aggregate number and percentage (based on 2,100,000 shares of Common Stock outstanding as reported by the Issuer in its Joint Proxy/Prospectus, dated February 26, 1997) of outstanding shares of Common Stock owned beneficially by each reporting person named in Item 2, as of March 19, 1997: Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(1) Beneficially Owned(1) - ---- ------------------- ------------------- Woodland Partners 204,100(2) 9.7% Barry Rubenstein 204,100(3) 9.7% Marilyn Rubenstein 204,100(4) 9.7% Seneca Ventures 204,100(5) 9.7% Woodland Venture Fund 204,100(6) 9.7% Woodland Services Corp. 204,100(7) 9.7% - ---------- (1) Does not include shares of Common Stock issuable upon the exercise of the Warrants or the Bridge Warrants. (2) Woodland Partners disclaims beneficial ownership of 51,100 shares of Common Stock held in Barry Rubenstein's Rollover IRA account, 20,000 shares of Common Stock owned by Marilyn Rubenstein, 50,000 shares of Common Stock owned by Seneca, 50,000 shares of Common Stock owned by Fund and 20,000 shares of Common Stock owned by the Foundation. (3) 11,700 shares of Common Stock beneficially owned by Barry Rubenstein represents his equity interest in Woodland Partners. Mr. Rubenstein disclaims beneficial ownership of 1,300 shares of Common Stock held by Woodland Partners (which represents his wife's equity interest in Woodland Partners), 20,000 shares of Common Stock owned individually by his wife, Marilyn Rubenstein, 39,000 shares of Common stock owned by Seneca, and 32,971 shares of Common Stock owned by Fund. (4) 1,300 shares of Common Stock represents Mrs. Rubenstein's equity interest in Woodland Partners, and 4,742 shares of Common Stock represents Mrs. Rubenstein's equity interest as a limited partner of Seneca. Mrs. Rubenstein disclaims beneficial ownership of 11,700 shares of Common Stock held by Woodland Partners (which represents her husband's equity interest in Woodland Partners), 51,100 shares of Common Stock held in Barry Rubenstein's Rollover IRA Account, 45,258 shares of Common Stock owned by Seneca, and 50,000 shares of Common Stock owned by Fund. (5) Seneca disclaims beneficial ownership of 13,000 shares of Common Stock owned by Woodland Partners, 51,100 shares of Common Stock held in Barry Rubenstein's Rollover IRA account, 20,000 shares of Common Stock owned individually by Marilyn Rubenstein, 50,000 shares of Common Stock owned by the Fund, and 20,000 shares of Common Stock owned by the Foundation. (6) Fund disclaims beneficial ownership of 13,000 shares of Common Stock owned by Woodland Partners, 51,100 shares of Common Stock held in Barry Rubenstein's Rollover IRA account, 20,000 shares of Common Stock owned individually by Marilyn Rubenstein, 50,000 shares of Common Stock owned by Seneca, and 20,000 shares of Common Stock owned by the Foundation. (7) 76 shares of Common Stock beneficially owned by Services represents its equity interest in Fund, and 83 shares of Common Stock beneficially owned by Services represents its equity interest in Seneca. Services disclaims beneficial ownership of 13,000 shares of Common Stock owned by Woodland Partners, 51,100 shares of Common Stock held in Mr. Rubenstein's Rollover IRA account, 20,000 shares of Common Stock held individually by Mrs. Rubenstein, 49,924 shares of Common Stock owned by Fund, 49,917 shares of Common Stock owned by Seneca, and 20,000 shares of Common Stock owned by the Foundation. Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(1) Beneficially Owned(1) - ---- --------------------- --------------------- The Marilyn and Barry Rubenstein Family Foundation 204,100(8) 9.7% Brian Rubenstein 20,000(9) 1.0% (b) By virtue of being a general partner of Woodland Partners, Seneca, and Fund, husband of Marilyn Rubenstein and a Trustee of the Foundation, Barry Rubenstein may be deemed to have shared power to vote and to dispose of 153,000 shares of Common Stock representing approximately 7.3% of the outstanding Common Stock. Barry Rubenstein has sole power to vote and dispose of 51,100 shares of Common Stock currently held in his Rollover IRA account, representing approximately 2.4% of the outstanding Common Stock. By virtue of being a general partner of Woodland Partners, wife of Barry Rubenstein, Marilyn Rubenstein may be deemed to have shared power to vote and to dispose of 184,100 shares of Common Stock representing approximately 8.8% of the outstanding Common Stock. Marilyn Rubenstein has sole power to vote and dispose of 20,000 shares of Common Stock, representing approximately 1.0% of the outstanding Common Stock. Woodland Partners has sole power to vote and dispose of 13,000 shares of Common Stock, representing approximately .6% of the outstanding Common Stock, and may be deemed to have shared power to vote and to dispose of 191,100 shares of Common Stock, representing approximately 9.1% of the outstanding Common Stock. Seneca has sole power to vote and dispose of 50,000 shares of Common Stock, representing approximately 2.4% of the outstanding Common Stock, and may be deemed to have shared power to vote and to dispose of 154,100 shares of Common Stock, representing approximately 7.3% of the outstanding Common Stock. Fund has sole power to vote and dispose of 50,000 shares of Common Stock, representing approximately 2.4% of the outstanding Common Stock, and may be deemed to have shared power to vote and to dispose of 154,100 shares of Common Stock, representing approximately 7.3% of the outstanding Common Stock. Services may be deemed to have shared power to vote and to dispose of 204,100 shares of Common Stock, representing approximately 9.7% of the outstanding Common Stock. - ---------- (8) The Foundation disclaims beneficial ownership of 13,000 shares of Common Stock owned by Woodland Partners, 51,100 shares of Common Stock held in Mr. Rubenstein's Rollover IRA account, 20,000 shares of Common Stock owned individually by Marilyn Rubenstein, 50,000 shares of Common Stock owned by Fund, and 50,000 shares of Common Stock owned by Seneca. (9) Consists of 20,000 shares of Common Stock owned by the Foundation. The Foundation has sole power to vote and dispose of 20,000 shares of Common Stock, representing approximately 1.0% of the outstanding Common Stock and may be deemed to have shared power to vote and to dispose of 184,100 shares of Common Stock, representing approximately 8.8% of the outstanding Common Stock. (c) The following is a description of all transactions in shares of Common Stock of the Issuer by the persons identified in Item 2 of this Schedule 13D effected from February 11, 1997 through March 19, 1997, inclusive. Purchase or Number of Shares (s) Purchase or Name of Shareholder Sale Date Purchased or (Sold) Sale Price - ------------------- --------- ------------------- ---------- Barry Rubenstein - Rollover IRA 3/12/97 (1,000) $5.13 3/17/97 (3,000) $5.09 3/19/97 (7,200) $5.13 Woodland Partners 3/14/97 (7,000) $5.09 3/19/97 (5,000) $5.09 The transactions were effected in the over-the-counter market. (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities. (e) Not applicable. Signature After reasonable inquiry and to the best of his or her knowledge and belief, each of the undersigned hereby certifies that the information set forth in this Schedule is true, complete, and correct. Date: April 7, 1997 /s/ Barry Rubenstein --------------------------------------- Barry Rubenstein, individually, as General Partner on behalf of Woodland Partners, Seneca Ventures, and Woodland Venture Fund, as President of Woodland Services Corp., and as Trustee of The Marilyn and Barry Rubenstein Family Foundation /s/ Marilyn Rubenstein --------------------------------------- Marilyn Rubenstein * --------------------------------------- Brian Rubenstein *By: /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). -----END PRIVACY-ENHANCED MESSAGE-----