424B3 1 prospectusno6.htm PROSPECTUS SUPPLEMENT Prospectus Supplement filed pursuant to Rule 424

Prospectus Supplement No. 6 filed pursuant to
Rule 424(b)(3)
Registration Statement No. 333-89546

31,971,713 Shares

Summus, Inc. (USA)

Common Stock

(par value $.001 per share)

_______________________

This Prospectus Supplement No. 6 supplements and amends the prospectus dated July 22, 2002 and the prospectus supplements dated October 2, 2002, December 12, 2002, March 10, 2003, May 1, 2003 and May 30, 2003 relating to the resale of up to 31,971,713 shares of common stock of Summus, Inc. (USA).

The section entitled "Selling Shareholders" on page 67 of the prospectus dated July, 22, 2002 and the prospectus supplements dated October 2, 2002, December 12, 2002, March 10, 2003, May 1, 2003 and May 30, 2003 is hereby deleted and replaced in its entirety as follows.

 

 

 

 

 

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus.  Any representation to the contrary is a criminal offense.

_______________________

The date of this prospectus supplement is June 12, 2003.

 


 

SELLING SHAREHOLDERS

The following table sets forth information regarding the beneficial ownership of shares of common stock by the selling shareholders as of the date of this prospectus, and the number of shares of common stock covered by this prospectus.  Except as otherwise noted below, none of the selling shareholders has held any position or office, or has had any other material relationship with us or any of our affiliates within the past three years.

From July 2000 to July 16, 2002, Summus, Inc. has raised capital through private placements to accredited investors; issued shares and warrants in settlement of amounts due to vendors; and issued shares and warrants in settlement of litigation. The shares in the private placements that were sold to the selling shareholders in this prospectus were at prices ranging from  $0.50 to $4.62.  In connection with the sale of each of these shares of Summus, Inc. common stock, we generally issued two (2) warrants to purchase additional shares of our common stock . These warrants ranged in exercise price from $0.53 to $5.25 per share, may be exercised six months after their issuance, and expire five years after their issuance The number of shares and warrants issued to vendors and issued in settlement of litigation were determined through arms-length negotiations with those parties.

Summus, Inc. issued $500,000 of its 6% Convertible Debentures (the "Debentures") to Palisaides Equity Fund, L.P. and Alpha Capital AGB on July 19, 2002. All of these debentures have been converted into common stock of Summus.  This principal amount of these Debentures were converted into our common stock at a conversion rate of $0.29 per share. In connection with the issuance of the Debentures, we also issued 1,724,138 warrants to purchase shares of our common stock. 862,069 of these warrants are exercisable at $0.47 per share, and 862,069 of these warrants are exercisable at $0.59 per share. These warrants expire three years after their issuance.

Each of the selling shareholders in this prospectus and Summus, Inc. also executed an agreement in which Summus, Inc. agreed to register the shares and shares underlying the warrants held by the selling shareholders in a registration statement on Form S-1 covering the resale of the common shares sold to the selling shareholders and the shares underlying the warrants.  Summus, Inc. also agreed to pay all reasonable expenses incurred in connection with the registration statement, of which this prospectus is a part.

Stuart Diamond served as Chairman of High Speed Net Solutions, Inc., Summus, Inc.’s predecessor, from February 2001 until July 2001.  Michael Cimino served as President and Chief Executive Officer of High Speed from April 1999 until August 1999.  Douglas May was an officer of our wholly-owned subsidiary, Douglas May & Co., Inc. from June 30, 2000 until September 19, 2001.  Richard F. Seifert served as Co-Chief Executive Officer from February 2001 until November 2001and as Executive Vice President of Corporate Development from November 2001 until July 8, 2002.  Mr. Seifert has been and remains a director of Summus since February 1999.   David C. Cox, Trey Fecteau, I. James Folds, Gregory E. Gilbert, Bruce Goldfarb, David C. Millikan, Van Ernst Jakobs and HPC Capital Management  received shares and warrants in the last these years in connection with their assistance to Summus, Inc. in its capital raising activities. 

The number of shares of common stock that may be actually purchased by certain selling shareholders under the warrants and the number of shares of common stock that may be actually sold by each selling shareholder will be determined by such selling shareholder.  Because certain selling shareholders may purchase all, some or none of the shares of common stock which can be purchased under the warrants and each selling shareholder may sell all, some or none of the shares of common stock which each holds, and because the offering contemplated by this prospectus is not currently being underwritten, no estimate can be given as to the number of shares of common stock that will be held by the selling shareholders upon termination of the offering.  The information set forth in the following table regarding the beneficial ownership after resale of shares is based on the assumption that each selling shareholder will purchase the maximum number of shares of common stock provided for by the warrants  owned by the selling shareholder and each selling shareholder will sell all of the shares of common stock owned by that selling shareholder and covered by the prospectus.   

- 67 -


 

 PRIVATE PLACEMENT SHAREHOLDERS

Shares Beneficially Owned Before Offering

 

Shares Beneficially Owned after Offering

COMPANY / LAST NAME

FIRST NAME

Shares

Warrants

Total

%

Number of
Shares
Being
Offered

Number of
Shares
Underlying
Warrants
Being
Offered

Number of Shares

%

AAA TRUSTS COMPANY, LTD.

A. DE HAAN

529,671

763,342

1,293,013

2.71%

281,671

763,342

248,000

*

ALDRIDGE III

WILLIS H.

11,700

12,000

23,700

*

6,000

12,000

5,700

*

Alex de Waal Financial Consultancy B.V.

Attention Mr. A.V. de Waal

2,500

5,000

7,500

*

2,500

5,000

0

*

ALFRED WILLIAMS & CO.

 

129,756

0

129,756

*

116,756

0

13,000

*

ANDREWS

JAMES D.

5,000

10,000

15,000

*

5,000

10,000

0

*

ASHBY

JAMES N.

15,750

10,000

25,750

*

5,000

10,000

10,750

*

AYERS JERE A.

100,000

200,000

300,000

   

100,000

200,000

0

*

BAILEY

JAMES D. & ELEANOR M. BAILEY JT TEN

99,390

137,600

236,990

*

63,200

137,600

36,190

*

BAILEY

JEROME H.

140,000

280,000

420,000

*

140,000

280,000

0

*

BAKO

JOHN R.

26,460

20,000

46,460

*

0

20,000

26,460

*

BANDY

WILLIAM B.

434,000

750,000

1,184,000

2.48%

310,000

750,000

124,000

*

BARIC MARK

15,000

0

15,000

*

15,000

0

0

*

BARTON

DOUGLAS A.

175,000

150,000

325,000

*

75,000

150,000

100,000

*

BAUMGARTNER

RICHARD

12,333

16,666

28,999

*

8,333

16,666

4,000

*

BEGLE

CURTIS L. & KELLEY L. MEISLER-BEGLE

20,000

40,000

60,000

*

20,000

40,000

0

*

BEHEER

REGENBOOG B. V.

5,000

10,000

15,000

*

5,000

10,000

0

*

BELL

ROBERT A.

20,000

90,000

110,000

*

20,000

90,000

0

*

BEMUS

GEORGE HOWARD

3,571

7,142

10,713

*

3,571

7,142

0

*

BERTHOUD

STEPHEN M.

23,364

27,778

51,142

*

13,889

27,778

9,475

*

BIVENS

THOMAS

234,730

485,460

720,190

1.52%

234,730

485,460

0

*

BODOLAY

JOHN

35,000

80,000

115,000

*

20,000

80,000

15,000

*

BONDS

JAMES L. & VICKY A BONDS

43,950

57,500

101,450

*

22,500

57,500

21,450

*

BONENBERGER

MARK

2,000

4,000

6,000

*

2,000

4,000

0

*

BONENBERGER

RICHARD W. & JERIANNE

419,667

865,834

1,285,501

2.69%

419,667

865,834

0

*

BONENBERGER

ROBERT

264,667

488,834

753,501

1.59%

230,667

488,834

34,000

*

BONENBERGER

TRACY

2,000

4,000

6,000

*

2,000

4,000

0

*

Bottinga

S.F.T.

250

500

750

*

250

500

0

*

BOXER

BRIAN

140,000

260,000

400,000

*

80,000

260,000

60,000

*

BRAAM

HENDRIKA & FRANKE N. I. SCHEPER

12,425

327,850

340,275

*

12,425

327,850

0

*

-68-


 

 

 PRIVATE PLACEMENT SHAREHOLDERS

Shares Beneficially Owned Before Offering

 

Shares Beneficially Owned after Offering

COMPANY / LAST NAME

FIRST NAME

Shares

Warrants

Total

%

Number of
Shares
Being
Offered

Number of
Shares
Underlying
Warrants
Being
Offered

Number of Shares

%

BRIDGES JR.

HAROLD A.

94,175

110,000

204,175

*

55,000

110,000

39,175

*

BRINK

GERALD & PAMELA A. VANCIL

61,000

60,000

121,000

*

30,000

60,000

31,000

*

BRODSKY P.  A.

RICHARD E.

175,000

0

175,000

*

175,000

0

0

*

Bron

J.L.

1,000

2,000

3,000

*

1,000

2,000

0

*

Brouwer

A.J.P.

52,500

45,000

97,500

*

22,500

45,000

30,000

*

Brouwer

J.A.M.  & Mrs. M.C.W.
   Brouwer-Baaren

3,500

2,000

5,500

*

1,000

2,000

2,500

*

BROWN

HARRY C.

690,500

200,000

890,500

1.89%

145,000

200,000

545,500

1.20%

BRYANT JR.

C. E.

156,000

280,000

436,000

*

115,000

280,000

41,000

*

Buis

A.G.

800

1,600

2,400

*

800

1,600

0

*

BURGIO

JAMES G. & LINDA P.
   BURGIO

100,000

170,000

270,000

*

85,000

170,000

15,000

*

Cassee

 E.P.

17,000

8,000

25,000

*

4,000

8,000

13,000

*

CATANO

JENNIFER

6,500

0

6,500

*

6,500

0

0

*

CIMINO

GINA M.

266,667

533,334

800,001

1.68%

266,667

533,334

0

*

CIMINO

SHARON L.

10,000

20,000

30,000

*

10,000

20,000

0

*

CIMINO, ATBE

GINA M. & MICHAEL M.

125,000

500,000

625,000

1.32%

125,000

500,000

0

*

CLINE

DOUGLAS D.

443,096

886,192

1,329,288

2.78%

443,096

886,192

0

*

COMMCell LP

DAVID LABIAK

45,000

90,000

135,000

*

45,000

90,000

0

*

COX

DAVID C.

33,350

32,700

66,050

*

16,350

32,700

17,000

*

CROPPER

RONALD P.

90,000

0

90,000

*

90,000

0

0

*

D&R HOLDING CO. LLC

DON GONTERMAN

95,000

130,000

225,000

*

65,000

130,000

30,000

*

Daniels

P.J.C.

950

1,000

1,950

*

500

1,000

450

*

DAVIS

MARK J.

14,650

20,000

34,650

*

10,000

20,000

4,650

*

de Bruin

G. & Mrs. A. de Bruinden Boer

55,000

20,000

75,000

*

10,000

20,000

45,000

*

de Graaf

G.  & Mrs. J. de Graaf
   Scheepbouwer

10,000

20,000

30,000

*

10,000

20,000

0

*

de Greef

 W.F.M.  & Mrs. C.C. de
Greef-Wimmers

1,000

2,000

3,000

*

1,000

2,000

0

*

de Groot

 R.

800

1,200

2,000

*

600

1,200

200

*

de Groot

 R.P.

800

1,600

2,400

*

800

1,600

0

*

de Haan

 D.J. 

4,000

5,000

9,000

*

2,500

5,000

1,500

*

de Haan

 M. 

14,350

6,500

20,850

*

3,250

6,500

11,100

*

DE JONG

RON

25,000

72,500

97,500

*

25,000

72,500

0

*

De POORTERE

FRANCIS J. & JACQUELINE
  R. De POORTERE

100,600

180,000

280,600

*

85,000

180,000

15,600

*

DE POORTERE

VINCENT P.

5,000

0

5,000

*

5,000

0

0

*

-69-


 

 PRIVATE PLACEMENT SHAREHOLDERS

Shares Beneficially Owned Before Offering

 

Shares Beneficially Owned after Offering

COMPANY / LAST NAME

FIRST NAME

Shares

Warrants

Total

%

Number of
Shares
Being
Offered

Number of
Shares
Underlying
Warrants
Being
Offered

Number of Shares

%

de Waaijer

 J.A.

1,000

2,000

3,000

*

1,000

2,000

0

*

DEDECKER

DOUGLAS J. & FIDELITY IRA ROLLOVER ACCOUNT

30,550

39,100

69,650

*

5,000

39,100

25,550

*

DEDECKER

DOUGLAS J. & LORNA TROWBRIDGE

38,446

47,500

85,946

*

38,446

47,500

0

*

DENSIESKI TTEE UTD 8-11-93

BENJAMIN R.

50,000

20,000

70,000

*

10,000

20,000

40,000

*

DEVONE

BRIAN S.

7,100

7,200

14,300

*

3,600

7,200

3,500

*

DEVONE

CHRISTOPHER V.

19,000

0

19,000

*

19,000

0

0

*

DEVONE

CHRISTOPHER V. & KAREN M DEVONE

8,334

59,668

68,002

*

8,334

59,668

0

*

DEVONE

LORRAINE E.

10,167

13,334

23,501

*

6,667

13,334

3,500

*

DEVONE, JR.

JAMES L.

7,575

7,200

14,775

*

3,600

7,200

3,975

*

DEVONE, SR.

JAMES L.

12,550

5,000

17,550

*

2,500

5,000

10,050

*

DEWITT

DAVE & ROSE

10,000

20,000

30,000

*

10,000

20,000

0

*

DIAMOND

STUART

602,458

0

602,458

1.27%

88,187

0

514,271

1.14%

DO

KIM QUY

40,740

50,000

90,740

*

25,000

50,000

15,740

*

DRESNER CORPORATE
   SERVICES, INC.
  105,000 0 105,000 * 105,000 0 0

*

DUFFY

DONALD R.

25,500

20,000

45,500

*

10,000

20,000

15,500

*

DUNAVANT

WILLIAM R.

370,000

0

370,000

*

370,000

0

0

*

EDSON

JAMES MARKHAM & LYNN
   M. EDSON JT TEN

13,530

20,000

33,530

*

10,000

20,000

3,530

*

EENKHOORN

PETE

19,500

39,000

58,500

*

19,500

39,000

0

*

EHLING

FRANCIS L.

6,167

8,334

14,501

*

4,167

8,334

2,000

*

EISERT

RYAN

10,000

20,000

30,000

*

10,000

20,000

0

*

ELLIS

ISABEL R.

13,500

24,000

37,500

*

12,000

24,000

1,500

*

ERESOURCE CAPITAL GROUP INC.

 

11,120

120,000

131,120

*

5,560

120,000

5,560

*

FECTEAU

TREY

0

40,000

40,000

*

0

40,000

0

*

FERNYHOUGH

JEFFREY C.

33,333

66,666

99,999

*

33,333

66,666

0

*

FITZGERALD III

HERBERT E.

37,044

45,000

82,044

*

29,772

45,000

7,272

*

FOLDS

I. JAMES

78,850

66,334

145,184

*

36,802

66,334

42,048

*

Fonkert

J.E.  & Mrs. M.J. Fonkert-Renout

2,000

4,000

6,000

*

2,000

4,000

0

*

FRIESINGER

CRAIG

30,467

33,334

63,801

*

16,667

33,334

13,800

*

FROMER

PATRICK

8,000

16,000

24,000

*

8,000

16,000

0

*

GAERTNER

CHRIS

30,000

0

30,000

*

30,000

0

0

*

-70-


 

 PRIVATE PLACEMENT SHAREHOLDERS

Shares Beneficially Owned Before Offering

 

Shares Beneficially Owned after Offering

COMPANY / LAST NAME

FIRST NAME

Shares

Warrants

Total

%

Number of
Shares
Being
Offered

Number of
Shares
Underlying
Warrants
Being
Offered

Number of Shares

%

GARMON

CLAYTON

2,500

5,000

7,500

*

2,500

5,000

0

*

GILBERT

GREGORY E.

119,159

268,318

387,477

*

119,159

268,318

0

*

GILBERT

SUZANNE HARRIS

92,300

184,600

276,900

*

92,300

184,600

0

*

GLEASON

DAVID

8,333

36,666

44,999

*

8,333

36,666

0

*

GOLDFARB

BRUCE

100,000

25,000

125,000

*

100,000

25,000

0

*

GONTERMAN

DONALD C. & DEBRA R. GONTERMAN

35,900

70,000

105,900

*

35,000

70,000

900

*

GREAT COMMISSION, THE

 

55,556

111,112

166,668

*

55,556

111,112

0

*

GRISSOM

LANNY & DIANA GRISSOM JT TEN

120,464

96,000

216,464

*

120,464

96,000

0

*

GUARD

BOYD A.

18,630

2,000

20,630

*

1,000

2,000

17,630

*

HALIFAX ESTATE LIMITED PARTNERSHIP

 

35,550

45,570

81,120

*

0

45,570

35,550

*

HALL FLETCHER

6,250

0

6,250

*

6,250

0

0

*

HALL MAURICE 5,555 0 5,555 * 5,555 0 0

*

HAMMETT

DONALD D.

50,000

100,000

150,000

*

50,000

100,000

0

*

HARGRAVES

JOHN D. HARGRAVES & ARTHUR L. HARGRAVES & TTEES FBO THE DECEDENTS OF THE HARGRAVES FAMILY TRUST

193,293

336,666

529,959

*

168,333

336,666

24,960

*

HAZELEGER

HENK

17,000

34,000

51,000

*

17,000

34,000

0

*

HAZELEGER

PASCAL W. R.

114,500

6,000

120,500

*

103,000

6,000

11,500

*

HENRIKSON

MARK D.

34,334

45,468

79,802

*

20,334

45,468

14,000

*

HILL JR.

JULIAN J.

2,505

0

2,505

*

2,000

0

505

*

HINTON

JOHN

8,333

16,666

24,999

*

8,333

16,666

0

*

HOLLAND & KNIGHT LLP  

738,636

0

738,636

 *

738,636

 0

0

*

HOLLEMAN

L. WORTH

25,000

50,000

75,000

*

25,000

50,000

0

*

Hoog-Teilingen Investments B.V.

 

1,000

2,000

3,000

*

1,000

2,000

0

*

Houtlosser

R.

15,000

10,000

25,000

*

5,000

10,000

10,000

*

HUGHES

KURTIS D.

38,492

76,984

115,476

*

38,492

76,984

0

*

HUTCHINS

BRENDON

4,878

5,556

10,434

*

2,778

5,556

2,100

*

JABLONSKI

MARION & DOROTHY J JABLONSKI JT TEN

104,000

140,000

244,000

*

62,500

140,000

41,500

*

JABLONSKI

STANLEY W.

36,000

200,000

236,000

*

35,000

200,000

1,000

*

JAMACK LP

 

19,982

39,964

59,946

*

19,982

39,964

0

*

JANICKAS

ARNOLD

10,000

20,000

30,000

*

10,000

20,000

0

*

-71-


 

 PRIVATE PLACEMENT SHAREHOLDERS

Shares Beneficially Owned Before Offering

 

Shares Beneficially Owned after Offering

COMPANY / LAST NAME

FIRST NAME

Shares

Warrants

Total

%

Number of
Shares
Being
Offered

Number of
Shares
Underlying
Warrants
Being
Offered

Number of Shares

%

JARBOE

ANDREW J.

22,222

44,444

66,666

*

22,222

44,444

0

*

JENKINS

TOM A.

28,570

20,000

48,570

*

0

20,000

28,570

*

JOHNS

R. MICHAEL & DEBRA LEE JOHNS

27,000

20,000

47,000

*

10,000

20,000

17,000

*

JOHNSON

JEFFREY B.

54,350

100,000

154,350

*

50,000

100,000

4,350

*

JOHNSON

RONALD

5,000

10,000

15,000

*

5,000

10,000

0

*

Jonkergouw

 A.H.M.  & 

2,000

4,000

6,000

*

2,000

4,000

0

*

Joziasse

 C.  & Mrs. M. Joziasse-Schout

1,000

2,000

3,000

*

1,000

2,000

0

*

KAAT

KEITH L.

61,500

110,000

171,500

*

55,000

110,000

6,500

*

KAPRAL

JAMES

23,000

30,000

53,000

*

15,000

30,000

8,000

*

KASARABADA

VIKRANT

1,846

0

1,846

*

1,846

0

0

*

KRYSTOSEK

RANDALL

15,000

30,000

45,000

*

15,000

30,000

0

*

LEHO

JOSEPH M. & CRYSTAL L LEHO JT TEN

200,000

220,000

420,000

*

100,000

220,000

100,000

*

LEIBMAN

MINDY L.

22,000

44,000

66,000

*

22,000

44,000

0

*

LYNCH

GREGORY A. & JANET L LYNCH JT TEN

40,450

40,000

80,450

*

10,000

40,000

30,450

*

MAINSE

STUART & LESLEY

58,333

116,666

174,999

*

58,333

116,666

0

*

MANAS, d.o.o.  

122,581

0

122,581

*

122,581

0

0

*

MARTIN JACK

2,500

0

2,500

*

2,500

0

0

*

MARVEL

RAYMOND C.

11,500

13,000

24,500

*

6,500

13,000

5,000

*

MATHERS WILLIAM C.

20,000

0

20,000

*

20,000

0

0

*

MAXWELL

BEVERLY ANN

100

200

300

*

100

200

0

*

MAY

DOUGLAS

50,000

0

50,000

*

50,000

0

0

*

MAY

ROBERT V.

1,666

3,333

4,999

*

1,666

3,333

0

*

MCCOY

PAT E.

57,000

87,000

144,000

*

20,000

87,000

37,000

*

MCDONALD

C. W.

26,500

100,000

126,500

*

26,500

100,000

0

*

MCDOWELL

STEVE WAYNE

13,650

17,000

30,650

*

8,500

17,000

5,150

*

MCKEEL

GARY WAYNE & FRANKLIN THOMAS

40,000

80,000

120,000

*

40,000

80,000

0

*

MCKENZIE

GERALDINE

15,000

10,000

25,000

*

5,000

10,000

10,000

*

MCKENZIE TTEE

LARRY & ENGLEWOOD ANIMAL HOSPITAL

188,933

219,666

408,599

*

109,833

219,666

79,100

*

MEISLER

DONALD

145,100

200,000

345,100

*

100,000

200,000

45,100

*

MEISLER

RONALD

46,038

30,000

76,038

*

15,000

30,000

31,038

*

MEISLER

SHELBY

22,000

44,000

66,000

*

22,000

44,000

0

*

MEISLER

WILLIAM S. & EVELYN M. MEISLER

70,000

140,000

210,000

*

70,000

140,000

0

*

-72-


 

 PRIVATE PLACEMENT SHAREHOLDERS

Shares Beneficially Owned Before Offering

 

Shares Beneficially Owned after Offering

COMPANY / LAST NAME

FIRST NAME

Shares

Warrants

Total

%

Number of
Shares
Being
Offered

Number of
Shares
Underlying
Warrants
Being
Offered

Number of Shares

%

Mellegers

 J.  & Mrs. R.M. Mellegers-Plomp

7,500

15,000

22,500

*

7,500

15,000

0

*

MIGLIORINI BARRY

51,875

0

51,875

*

51,875

0

0

*

MILLER

BRIAN

20,000

10,000

30,000

*

5,000

10,000

15,000

*

MILLIKAN

DAVID C.

51,668

3,333

55,001

*

1,668

3,333

50,000

*

Minnen

B.

2,100

4,200

6,300

*

2,100

4,200

0

*

MIZELL

EMMA

25,000

0

25,000

*

5,000

0

20,000

*

MOORE

RONALD BRIEN

26,100

20,000

46,100

*

10,000

20,000

16,100

*

Mulder

J.

1,000

2,000

3,000

*

1,000

2,000

0

*

MURRAY

JOSEPH R.

24,867

33,334

58,201

*

16,667

33,334

8,200

*

NAVENTI JACK

51,875

0

51,875

*

51,875

0

0

*

NESS

GINA M.

200

0

200

*

200

0

0

*

NESSEN

JUDY

32,000

50,000

82,000

*

25,000

50,000

7,000

*

NICHOLSON

ROBERT L.

50,000

70,000

120,000

*

35,000

70,000

15,000

*

NIEUWENHUIJS

NICO

10,000

20,000

30,000

*

10,000

20,000

0

*

NUCKOLS

RICHARD W.

18,052

0

18,052

*

18,052

0

0

*

OLSEN

CHARLES T.

29,857

43,200

73,057

*

21,600

43,200

8,257

*

Paauw and/of J.G. Heijneman

H.K.  & 

2,000

4,000

6,000

*

2,000

4,000

0

*

PENNE & EDMONDS LLP  

337,653

0

337,653

*

337,653

0

0

*

PISCAZZI

JOHN ANTHONY

900

1,000

1,900

*

0

1,000

900

*

PISCAZZI

ROCCO SWANK

13,000

18,000

31,000

*

9,000

18,000

4,000

*

PISCAZZI JR.

JOSEPH JAMES

12,500

18,000

30,500

*

9,000

18,000

3,500

*

PISCAZZI SR.

JOSEPH JAMES

1,500

3,000

4,500

*

1,500

3,000

0

*

PLUSSTATION LLC  

235,000

0

235,000

*

235,000

0

0

*

POND

RANDALL S. & SUSAN POND JT TEN

24,233

48,000

72,233

*

24,000

48,000

233

*

Ponomo Ltd

 

7,750

15,500

23,250

*

7,750

15,500

0

*

RABEN

LARRY & BARBARA RABEN

5,000

10,000

15,000

*

5,000

10,000

0

*

RAEBER

ERIC

741,500

198,419

939,919

2.25%

120,500

198,419

621,000

1.37%

RAINWATER ENTERPRISES LTD

DEFINED BENEFIT PENSION PLAN-ROLLOVER

76,464

0

76,464

*

72,464

0

4,000

*

REAMS

THOMAS S.

7,272

0

7,272

*

7,272

0

0

*

REEPEN

BRUNO & DAVE SILLA

32,085

15,000

47,085

*

7,500

15,000

24,585

*

REIF

CLAIRE

0

50,000

50,000

*

0

50,000

0

*

Rijs

M. 

7,500

9,000

16,500

*

4,500

9,000

3,000

*

ROBBINS

JERRY

8,334

16,668

25,002

*

8,334

16,668

0

*

ROBERTS

CLAYTON J.

50,617

75,334

125,951

*

37,667

75,334

12,950

*

ROYSTER

CARROLL & PAULA M. ROYSTER

20,000

40,000

60,000

*

20,000

40,000

0

*

-73-


 

 PRIVATE PLACEMENT SHAREHOLDERS

Shares Beneficially Owned Before Offering

 

Shares Beneficially Owned after Offering

COMPANY / LAST NAME

FIRST NAME

Shares

Warrants

Total

%

Number of
Shares
Being
Offered

Number of
Shares
Underlying
Warrants
Being
Offered

Number of Shares

%

SCHNEIDER

SCOTT M

10,000

20,000

30,000

*

10,000

20,000

0

*

SCHNYDER

MICHEL

151,080

170,000

321,080

*

85,000

170,000

66,080

*

SCHRADER

ROBERT G.

58,333

116,666

174,999

*

58,333

116,666

0

*

Schut

R.J.H.

1,000

2,000

3,000

*

1,000

2,000

0

*

SEIFERT

RICHARD & RITA SEIFERT

55,556

111,112

166,668

*

55,556

111,112

0

*

SEIFERT

RICK

0

5,341

5,341

*

0

5,341

0

*

SHOOK

LARRY B.

49,000

40,000

89,000

*

20,000

40,000

29,000

*

SINGER

RICHARD G.

35,000

40,000

75,000

*

20,000

40,000

15,000

*

SMITH

BELVIN G.

180,800

360,000

540,800

*

180,000

360,000

800

*

SNS SECURITIES N. V. AMSTERDAM

EGBERT TILLEMMA

90,000

180,000

270,000

*

90,000

180,000

0

*

SPICKARD

MICHAEL M.

18,000

36,000

54,000

*

18,000

36,000

0

*

SPIELMAN

RODNEY

11,010

20,000

31,010

*

10,000

20,000

1,010

*

STAFFORD

JESSE J. & EMOGENE L STAFFORD

10,000

20,000

30,000

*

10,000

20,000

0

*

STEPHANUS

JOHN

122,778

195,556

318,334

*

97,778

195,556

25,000

*

STONE, Trustee of the Thomas J. Stone Revocable Trust

THOMAS J.

20,000

20,000

40,000

*

10,000

20,000

10,000

*

STRATMAN

BRIAN & SHELLEY MEISLER-STRATMAN

20,000

40,000

60,000

*

20,000

40,000

0

*

STRAUGHAN III

H. RANDOLPH & DIANA K. STRAUGHAN JT TEN

70,995

59,000

129,995

*

29,500

59,000

41,495

*

TERBLANCHE

JACQUES

1,000

0

1,000

*

1,000

0

0

*

TERRANOVA  CAPITAL 

PARTNERS, INC.

68,000

0

68,000

*

68,000

0

0

*

THACKER

WILLIAM C.

20,000

40,000

60,000

*

20,000

40,000

0

*

THOMPSON

ANN MATHERLEE

27,777

55,554

83,331

*

27,777

55,554

0

*

THOMPSON

CLIFFORD

80,000

160,000

240,000

*

80,000

160,000

0

*

THOMPSON

RANDOLPH BREWSTER

30,000

60,000

90,000

*

30,000

60,000

0

*

THOMPSON

ROBERT S.

7,300

0

7,300

*

7,300

0

0

*

TRENT TECHNOLOGY FUND LP

DAVID LABIAK

45,000

90,000

135,000

*

45,000

90,000

0

*

TURNER

HARRY W.

80,000

100,000

180,000

*

50,000

100,000

30,000

*

TUSH

WENDI

30,000

0

30,000

*

30,000

0

0

*

TY IRA SEP

MICHAEL R.

10,000

20,000

30,000

*

10,000

20,000

0

*

UNDERWOOD

HARVEY T. & LYNNE UNDERWOOD

105,000

180,000

285,000

*

90,000

180,000

15,000

*

-74-


 

 PRIVATE PLACEMENT SHAREHOLDERS

Shares Beneficially Owned Before Offering

 

Shares Beneficially Owned after Offering

COMPANY / LAST NAME

FIRST NAME

Shares

Warrants

Total

%

Number of
Shares
Being
Offered

Number of
Shares
Underlying
Warrants
Being
Offered

Number of Shares

%

VAN DER MEIJ

PETER

100,000

0

100,000

*

100,000

0

0

*

VAN DER POL

D.J. & BROWN BROTHERS HARRIMAN & CO. (ROBERT MANNO, CORPORATE ACTIONS DEPT.)

8,287

0

8,287

*

8,287

0

0

*

VAN ERNST JAKOBS N. V.

 

217,225

473,532

690,757

1.46%

217,225

473,532

0

*

VAN LOON

AWP

2,000

4,000

6,000

*

2,000

4,000

0

*

VAN LOON

MARTIJN E. J. P.

30,000

60,000

90,000

*

30,000

60,000

0

*

VANSTORY

RICHARD L. & DELORES R VANSTORY

148,000

156,000

504,000

*

148,000

356,000

0

*

VAN'T BLIK

KLAAS

5,000

10,000

15,000

*

5,000

10,000

0

*

VASQUEZ

RICHARD & JACQUELYN L. VASQUEZ

106,000

160,000

266,000

*

80,000

160,000

26,000

*

VEENENDAAL

HERMAN

10,000

20,000

30,000

*

10,000

20,000

0

*

VER DUIN

DARYL J.

10,250

20,000

30,250

*

10,000

20,000

250

*

Verberk

J.C.A.M.

1,100

2,200

3,300

*

1,100

2,200

0

*

VESELAK

MICHAEL

10,000

20,000

30,000

*

0

20,000

10,000

*

VICK, JR.

RUSSELL C.

69,213

14,286

83,499

*

7,143

14,286

62,070

*

VIJVERMAN

GOMAR

200,000

30,000

230,000

*

0

30,000

200,000

*

VISION CORPORATE
CONSULTING

20,000

0

20,000

*

20,000

0

0

*

Visser

R.T.W.  & Mr. W.W.M.W. van den Bosch

3,000

6,000

9,000

*

3,000

6,000

0

*

WADE

MARTHA R.

19,355

18,000

37,355

*

7,000

18,000

12,355

*

WARD

RICHARD G.

58,333

116,666

174,999

*

58,333

116,666

0

*

WHITE

HERBERT L.

87,106

106,666

193,772

*

33,333

106,666

53,773

*

Willems

M.A.L.M.  & 

2,500

2,000

4,500

*

1,000

2,000

1,500

*

WILSON

FORREST

26,911

22,222

49,133

*

11,111

22,222

15,800

*

WOELFEL

FRANCIS & JOAN Y.

50,000

100,000

150,000

*

50,000

100,000

0

*

WRENN JR.

LEWIS M.

23,530

47,060

70,590

*

23,530

47,060

0

*

ZACHER

JAMES A.

29,500

20,000

49,500

*

10,000

20,000

19,500

*

ZIMBALIST

ANDREW

13,889

13,889

27,778

*

13,889

13,889

0

*

ZONNEVELD DE HEER M. RIJS

1,000

2,000

3,000

*

1,000

2,000

0

*

 

  SUB TOTAL

14,267,202

18,558,839

32,826,041

 

9,908,445

18,558,839

4,358,757

9.28%

-75-


 

 

6% CONVERTIBLE DEBENTURE SHAREHOLDERS

Shares Beneficially Owned Before Offering

 

Shares
Beneficially
Owned
after
Offering

COMPANY / LAST NAME

FIRST NAME

Shares

Warrants

Total

%

Number
of
Shares
Being
Offered

Number of
Shares
Underlying
Warrants
Being Offered

Number
of 
Shares

%

ALPHA CAPITAL AG

 

864,828

862,069

1,726,897

4.30%

864,828

862,069

0

*

HPC CAPITAL MANAGEMENT 

 

0

51,724

51,724

*

0

51,724

0

*

PALISAIDES EQUITY             

 

863,739

862,069

1,725,808

4.30%

863,739

862,069

0

*

  SUB TOTAL

1,728,567

1,775,862

3,504,429

 

1,728,567

1,775,862

0

0.00%

TOTAL

15,995,769

20,334,701

36,330,470

 

11,637,012

20,334,701

4,358,757

9.28%

-76-