UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)*
Amplidyne Inc.
----------------
(Name of Issuer)
Common Stock, par value $.0001 per share
----------------------------------------
(Title of Class of Securities)
032103103
--------------
(CUSIP Number)
Harris Freedman
1241 Gulf of Mexico Drive
Long Boat Key, FL 34228
(941) 387-8388
with a copy to:
Scott E. Lerner, Esq.
Dechert
30 Rockefeller Plaza
New York, NY 10112
(212) 698-3537
-------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
April 2, 1998
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.
-------------------
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter 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).
<PAGE>
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
1
Bridge Ventures, Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS / /
5 REQUIRED PURSUANT TO ITEMS 2(d) or 2(E)
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
6
Florida
--------------------------------------------------------------------------------
Number of SOLE VOTING POWER
Shares
Beneficially 7 167,389 shares
owned by
each --------------------------------------------------------
reporting 8 SHARED VOTING POWER
person with 0 shares
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
167,389
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
167,389 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.2%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
1
<PAGE>
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
1
S.M.A.C.S. Holdings Corp.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS / /
5 REQUIRED PURSUANT TO ITEMS 2(d) or 2(E)
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
6
Florida
--------------------------------------------------------------------------------
Number of SOLE VOTING POWER
Shares
Beneficially 7 225,000 shares
owned by
each --------------------------------------------------------
reporting 8 SHARED VOTING POWER
person with 0 shares
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
225,000 shares
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
225,000 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
3.0%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
2
<PAGE>
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
1
Bridge Ventures, Inc. Defined Benefit Pension Plan and Trust
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
--------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS / /
5 REQUIRED PURSUANT TO ITEMS 2(d) or 2(E)
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
6
Not applicable
--------------------------------------------------------------------------------
Number of SOLE VOTING POWER
Shares
Beneficially 7 0 shares
owned by
each --------------------------------------------------------
reporting 8 SHARED VOTING POWER
person with 0 shares
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
EP
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
3
<PAGE>
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
1
Bridge Ventures, Inc. Employee Benefit Plan
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
--------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS / /
5 REQUIRED PURSUANT TO ITEMS 2(d) or 2(E)
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
6
Not applicable
--------------------------------------------------------------------------------
Number of SOLE VOTING POWER
Shares
Beneficially 7 50,000 shares
owned by
each --------------------------------------------------------
reporting 8 SHARED VOTING POWER
person with 0 shares
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
50,000 shares
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
Less than 1%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
EP
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
4
<PAGE>
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
1
Harris Freedman
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS / /
5 REQUIRED PURSUANT TO ITEMS 2(d) or 2(E)
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
6
United States of America
--------------------------------------------------------------------------------
Number of SOLE VOTING POWER
Shares
Beneficially 7 442,389 shares
owned by
each --------------------------------------------------------
reporting 8 SHARED VOTING POWER
person with 0 shares
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
442,389 share
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
442,389 share
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.9%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
5
<PAGE>
Item 1. Security and Issuer.
--------------------
This Statement on Schedule 13D (this "Statement") relates to the common
stock, par value $.0001 per share (the "Common Stock"), of Amplidyne Inc., a
Delaware corporation (the "Issuer"), and is being filed pursuant to Rule 13d-1
under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The
address of the principal executive office of the Issuer is 59 LaGrange Street,
Raritan, New Jersey 08869.
Item 2. Identity and Background.
------------------------
(a) This Statement is filed by (1) Bridge Ventures, Inc., a Florida
corporation ("BVI"), (2) S.M.A.C.S Holdings Corp., a Florida corporation
("SHC"), (3) Bridge Ventures, Inc. Defined Benefit Pension Plan and Trust
("BVIDBP"), (4) Bridge Ventures, Inc. Employee Benefit Plan ("BVIEP") and (5)
Harris Freedman, an individual (collectively, the "Reporting Persons").
(b) The principal business address of BVI, SHC, BVIDBP and BVIEP is
1241 Gulf of Mexico Drive, Long Boat Key, FL 34228. Mr. Freedman's principal
business address is c/o Bridge Ventures, Inc., 1241 Gulf of Mexico Drive, Long
Boat Key, FL 34228.
(c) Mr. Freedman is a private investor and the corporate secretary,
majority stockholder and a controlling person of each of BVI and SHC. BVI and
SHC are private companies which provide strategic-alliance services to emerging
technology companies in the private and public markets. BVIDBP and BVIEP are
employee benefit plans. Mr. Freedman and his wife are trustees for such plans.
Mr. Freedman served as Vice President - Strategic Alliances of the Issuer from
July 1996 until December 31, 1998.
(d)-(e) During the last five years, none of the Reporting Persons (i)
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) has been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, Federal
or State securities laws or finding any violation with respect to such laws.
(f) Mr. Freedman is a citizen of the United States of America. BVI and
SHC are each Delaware corporations.
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
On April 2, 1998, by virtue of Mr. Freedman's beneficial ownership of
warrants to purchase 61,666 shares of Common Stock that were scheduled to become
exercisable on June 1, 1998, Mr. Freedman, after aggregating such shares with
other shares beneficially owned by Mr. Freedman prior to and as of such date,
was the beneficial owner of approximately 5.5% of the Issuer's then issued and
outstanding Common Stock.
On March 31, 1999, Mr. Freedman received from the Issuer an aggregate
of 24,000 shares of Common Stock for an aggregate consideration of $30,000 and
donated an aggregate of 24,000 shares of Common Stock as a gift.
6
<PAGE>
Between March 31, 1999 and August 16, 2000, BVI has (i) purchased (a)
in the open market an aggregate of 123,889 shares of Common Stock for an
aggregate consideration of approximately $507,065 and (b) through the exercise
of warrants an aggregate of 150,000 shares of Common Stock for an aggregate
consideration of approximately $262,500, (ii) sold in the open market an
aggregate of 71,500 shares of Common Stock for an aggregate consideration of
approximately $464,850 and (iii) donated as a gift an aggregate of 40,000 shares
of Common Stock. See Exhibit I.B. to this Statement for a list of all
acquisitions and dispositions of Common Stock made by BVI during such period.
Between July 14, 1998 and May 9, 2000, SHC has (i) purchased (a) in the
open market an aggregate of 180,000 shares of Common Stock for an aggregate
consideration of approximately $559,920 and (b) through the exercise of stock
options an aggregate of 185,000 shares of Commons Stock for an aggregate
consideration of approximately $323,750 and (ii) sold in the open market an
aggregate of 217,100 shares of Common Stock for an aggregate consideration of
approximately $1,334,700. See Exhibit I.C. to this Statement for a list of all
acquisitions and dispositions of Common Stock made by SHC during such period.
Between September 25, 1998 and May 3, 2000, BVIDBP has (i) purchased in
the open market an aggregate of 191,700 shares of Common Stock for an aggregate
consideration of approximately $878,611, and (ii) sold in the open market an
aggregate of 191,700 shares of Common Stock for an aggregate consideration of
approximately $706,685. See Exhibit I.D. to this Statement for a list of all
acquisitions and dispositions of Common Stock made by BVIDBP during such period.
Between July 14, 2000 and July 31, 2000, BVIEP has purchased in the
open market an aggregate of 50,000 shares of Common Stock for an aggregate
consideration of approximately $160,850. See Exhibit I.E. to this Statement for
a list of all acquisitions and dispositions made by BVIEP during such period.
The funds used by BVI, SHC, BVIDBP and BVIEP to purchase the shares of
Common Stock described above were obtained from the working capital of BVI and
SHC. None of the Reporting Persons acquired beneficial ownership of any of the
Common Stock with borrowed funds.
Item 4. Purpose of Transaction.
----------------------
The Reporting Persons have acquired the Common Stock for investment
purposes.
The Reporting Persons do not have any plans or proposals, other than
those described in this Item 4, which relate to or would result in any of the
actions or transactions specified in clauses (a) through (j) of Item 4 of
Schedule 13D. The Reporting Persons may from time to time discuss among
themselves and with other persons market conditions and other factors concerning
their investment in the Issuer, as well as specific actions that might be taken
in light of prevailing circumstances with respect to such interests. The
Reporting Persons reserve the right from time to time to acquire or dispose of
shares of the Common Stock.
7
<PAGE>
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a)-(b) Based on the Issuer's quarterly report on Form 10-QSB for the
quarter ended September 30, 2000, filed on November 17, 2000, there was issued
and outstanding, as of September 30, 2000, 7,453,841 shares of Common Stock. A
list of the issued and outstanding shares of Common Stock as of select dates
relevant to the time periods described in Item 3 of this Statement is attached
as Exhibit II to this Statement.
Currently, as the majority stockholder and a controlling person of each
of BVI and SHC and by virtue of Mr. Freedman's relationship to BVIDBP and BVIEP
(as described in Item 2 of this Statement), Mr. Freedman may be deemed to have
the power to vote or direct the vote of, and the power to dispose of or direct
the disposition of, an aggregate of 442,389 shares of Common Stock representing
approximately 5.9% of the issued and outstanding shares of Common Stock.
Of such 442,389 shares of Common Stock, BVI is the direct beneficial
owner of an aggregate of 167,389 shares, representing approximately 2.2% of the
issued and outstanding shares of Common Stock; SHC is the direct beneficial
owner of an aggregate of 225,000 shares, representing 3.0% of the issued and
outstanding shares of Common Stock; and BVIEP is the direct beneficial owner of
an aggregate of 50,000 shares of Common Stock, representing less than 1% of the
issued and outstanding shares of Common Stock.
Each of BVI, SHC, BVIDBP and BVIEP hereby disclaims that it has any
beneficial ownership of the securities owned, directly or indirectly, by any
other Reporting Person.
(c) The date, number of shares and price per share for all purchases of
Common Stock made by BVI from April 27, 1999 through August 16, 2000; SHC from
July 14, 1998 through May 9, 2000; BVIDBP from September 25, 1998 through May 3,
2000; and BVIEP from July 14, 2000 and July 31, 2000, are shown on Exhibit I to
this Statement, which is incorporated herein by reference. All such purchases,
except as otherwise noted in Item 3 or Exhibit I were made by the Reporting
Persons in the open market on the Nasdaq Small Cap Market. Other than as set
forth on Exhibit I to this Statement, the Reporting Persons have not effected
any transactions involving any shares of Common Stock during the past 60 days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to the Securities of the Issuer.
----------------------------------------------------------------------
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) among the persons named in Item 2 of this Statement or
between such persons and any other person with respect to any securities of
Issuer, including but not limited to, transfer or voting of any such securities,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss, or the giving or withholding
of proxies.
8
<PAGE>
Item 7. Material To Be Filed as Exhibits
--------------------------------
Exhibit I Acquisitions and Dispositions of Common Stock
Exhibit II Issued and Outstanding Common Stock of Amplidyne, Inc.
Exhibit III Joint Filing Agreement, dated as of November 30, 2000, among the
Reporting Persons.
9
<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
Reporting Persons, the Reporting Persons certify that the information set forth
in this Statement is true, complete and correct.
Date: November 30, 2000 BRIDGE VENTURES, INC.
By: /s/ Harris Freedman
-----------------------------------
Name: Harris Freedman
Title: Secretary
S.M.A.C.S. HOLDINGS CORP.
By: /s/ Harris Freedman
-----------------------------------
Name: Harris Freedman
Title: Secretary
BRIDGE VENTURES, INC. DEFINED BENEFIT
PENSION PLAN AND TRUST
By: /s/ Harris Freedman
-----------------------------------
Name: Harris Freedman
Title: Trustee
BRIDGE VENTURES, INC. EMPLOYEE BENEFIT
PLAN
By: /s/ Harris Freedman
-----------------------------------
Name: Harris Freedman
Title: Trustee
HARRIS FREEDMAN
/s/ Harris Freedman
---------------------------------------
Attention: Intentional misstatements or omissions of fact constitute
federal criminal violations (see 18 U.S.C. 1001).
<PAGE>
Acquisitions and Dispositions
-----------------------------
Exhibit I
---------
A. Combined Schedule of Acquisitions, Dispositions and Shareholdings of
Reporting Persons
-----------------------------------------------------------------------
<TABLE>
<CAPTION>
Shares bought Shares sold
------------- -----------
Balance Estimated
Number Price Beneficially Percentage
Date of Title of per Number of Price owned by of Shares
transaction owner shares share Total shares per share Total Reporting Persons Outstanding
----------- ----- ------ ----- ----- --------- --------- ----- ----------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
06/01/98 SHC 61,666 (A) 247,100 5.5%
07/14/98 SHC 30,000 $1.49 $44,700 277,100 6.2%
09/14/98 SHC 30,000 $1.25 $37,500 307,100 6.8%
09/25/98 BVIDBP 10,000 $1.02 $10,200 317,100 7.0%
03/04/99 BVIDBP 20,000 $1.20 $24,000 337,100 7.2%
03/29/99 BVIDBP - 10,000 $1.69 $16,900 327,100 7.0%
03/29/99 BVIDBP - 20,000 $1.69 $33,800 307,100 6.5%
03/31/99 HF 24,000 $4.00 $30,000 331,100 5.8%
03/31/99 HF 24,000 Gift 307,100 5.4%
03/31/99 BVI 40,000 $1.12 $44,800 347,100 6.1%
03/31/99 BVI 40,000 Gift 307,100 5.4%
03/31/99 BVIDBP 49,000 $1.12 $54,880 356,100 6.3%
04/23/99 BVIDBP 5,000 $4.25 $21,250 361,100 6.4%
04/27/99 BVI - 5,000 $3.31 $16,550 356,100 6.3%
04/29/99 BVI 150,000 - -(B) - 506,100 8.9%
05/25/99 BVIDBP 4,000 $3.40 $13,600 - 510,100 9.0%
06/25/99 BVIDBP 1,700 $2.13 $3,621 - 511,800 9.0%
07/14/99 BVIDBP 3,000 $2.12 $6,360 - 514,800 8.9%
08/16/99 BVIDBP 10,000 $2.00 $20,000 - 524,800 9.1%
08/24/99 SHC - 30,000 $2.00 $60,000 494,800 8.6%
08/24/99 BVIDBP - 5,000 $2.23 $11,150 489,800 8.5%
08/25/99 SHC - 30,000 $3.00 $90,000 459,800 8.0%
09/09/99 SHC - 25,000 $7.00 $175,000 434,800 7.5%
09/09/99 SHC - 47,100 $7.00 $329,700 387,700 6.7%
09/09/99 BVIDBP - 4,000 $1.67 $6,680 383,700 6.6%
09/09/99 BVIDBP - 3,000 $7.70 $23,100 380,700 6.6%
09/10/99 BVIDBP - 5,000 $1.40 $7,000 375,700 6.5%
09/10/99 BVIDBP - 5,000 $14.00 $70,000 370,700 6.4%
09/15/99 BVIDBP - 49,000 $1.38 $67,620 (F) 321,700 5.6%
09/19/99 SHC 185,000 $1.75 $323,750 (D) - 321,700 5.6%
09/19/99 SHC - 25,000 $8.00 $200,000 296,700 5.1%
10/11/99 BVIDBP 25,000 $6.75 $168,750 - 321,700 4.8%
10/12/99 BVI 25,000 $6.78 $169,500 - 346,700 5.2%
10/26/99 BVI - 25,000 $5.93 $148,250 321,700 4.8%
11/03/99 SHC 5,000 $4.60 $23,000 - 326,700 4.9%
<PAGE>
11/03/99 SHC 1,000 $5.75 $5,750 - 327,700 4.9%
11/03/99 SHC 5,000 $5.75 $28,750 - 332,700 5.0%
11/03/99 SHC 20,000 $5.75 $115,000 - 352,700 5.3%
11/23/99 BVIDBP - 1,700 $6.15 $10,455 351,000 5.3%
11/24/99 BVIDBP - 25,000 $5.98 $149,500 326,000 4.9%
12/28/99 BVI 4,000 $4.00 $16,000 322,000 4.8%
12/28/99 SHC - 5,000 $5.00 $25,000 317,000 4.8%
12/29/99 BVI 150,000 $1.75 $262,500 (C) - 317,000 4.6%
01/26/00 BVI - 10,000 $6.99 $69,900 307,000 4.4%
02/02/00 SHC 49,000 $1.39 $67,620 (E) - 356,000 5.1%
02/22/00 BVI 17,889 $5.00 $89,445 - 373,889 5.4%
02/28/00 BVI - 22,500 $8.20 $184,500 351,389 5.1%
03/10/00 SHC - 10,000 $9.00 $90,000 341,389 4.9%
03/16/00 SHC - 10,000 $12.00 $120,000 331,389 4.8%
03/17/00 SHC - 5,000 $9.00 $45,000 326,389 4.7%
03/22/00 SHC 10,000 $9.06 $90,600 - 336,389 4.9%
03/22/00 BVIDBP 10,000 $8.93 $89,300 - 346,389 5.0%
03/24/00 SHC - 10,000 $10.00 $100,000 336,389 4.9%
03/24/00 BVIDBP - 5,000 $4.75 $23,750 331,389 4.8%
03/27/00 BVIDBP - 5,000 $4.75 $23,750 326,389 4.7%
03/29/00 BVIDBP 25,000 $9.08 $227,000 - 351,389 5.1%
03/30/00 BVIDBP 25,000 $8.37 $209,250 - 376,389 5.4%
04/04/00 BVIDBP 4,000 $7.60 $30,400 - 380,389 5.4%
04/25/00 BVI - 5,000 $5.93 $29,650 375,389 5.4%
05/03/00 BVIDBP - 4,000 $4.87 $19,480 371,389 5.3%
05/03/00 BVIDBP - 25,000 $4.87 $121,750 346,389 5.0%
05/03/00 BVIDBP - 25,000 $4.87 $121,750 321,389 4.6%
05/04/00 BVI 10,000 $6.15 $61,500 - 331,389 4.7%
05/04/00 SHC 20,000 $4.95 $99,000 - 351,389 5.0%
05/09/00 SHC 10,000 $4.80 $48,000 - 361,389 5.2%
05/10/00 BVI 10,000 $4.56 $45,600 - 371,389 5.3%
05/19/00 BVI 2,000 $4.40 $8,800 - 373,389 5.3%
06/28/00 BVI 14,000 $5.33 $74,620 - 387,389 5.5%
07/14/00 BVIEP 5,000 $3.28 $16,400 - 392,389 5.3%
07/17/00 BVIEP 20,000 $3.37 $67,400 - 412,389 5.6%
07/20/00 BVIEP 5,000 $3.31 $16,550 - 417,389 5.6%
07/21/00 BVIEP 10,000 $3.18 $31,800 - 427,389 5.7%
07/31/00 BVIEP 10,000 $2.87 $28,700 - 437,389 5.9%
08/16/00 BVI 5,000 $2.56 $12,800 - 442,389 5.9%
-----------------------------------------------------------------------------------------------------------------
1,116,255 $2,722,696 524,300 $2,406,235 442,389 5.9%
=================================================================================================================
(A) Received warrants in December 1995 that vested in 1/3 increments commencing
June 1996.
(B) Received warrants to purchase 150,000 shares
(C) Exercised warrants acquired on 04/29/99 for 150,000 shares.
(D) Exercised warrants for 185,000 shares.
(E) Purchased from a third party (which had purchased such shares from Bridge
Ventures, Inc. Defined Benefit Plan) in a private transaction.
(F) Sold to a third party (which then sold such shares to S.M.A.C.S. Holding
Corp.) in a private transaction.
</TABLE>
<PAGE>
B. Schedule of Acquisitions, Dispositions and Shareholdings of Bridge
Ventures, Inc. (BVI)
-----------------------------------------------------------------------
<TABLE>
<CAPTION>
Shares bought Shares sold
------------- -----------
Balance Estimated
Number Price Beneficially Percentage
Date of Title of per Number of Price owned by of Shares
transaction owner shares share Total shares per share Total BVI Outstanding
----------- ----- ------ ----- ----- --------- --------- ----- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
03/31/99 BVI 40,000 $1.12 $44,800 45,000 0.8%
03/31/99 BVI 40,000 Gift 5,000 0.1%
04/27/99 BVI - 5,000 $3.31 $16,550 0 0.0%
04/29/99 BVI 150,000 - - (B) - 150,000 2.6%
10/12/99 BVI 25,000 $6.78 $169,500 - 175,000 2.6%
10/26/99 BVI - 25,000 $5.93 $148,250 150,000 2.3%
12/28/99 BVI 4,000 $4.00 $16,000 146,000 2.2%
12/29/99 BVI 150,000 $1.75 $262,500 (C) - 146,000 2.2%
01/26/00 BVI - 10,000 $6.99 $69,900 136,000 2.0%
02/22/00 BVI 17,889 $5.00 $89,445 - 153,889 2.2%
02/28/00 BVI - 22,500 $8.20 $184,500 131,389 1.9%
04/25/00 BVI - 5,000 $5.93 $29,650 126,389 1.8%
05/04/00 BVI 10,000 $6.15 $61,500 - 136,389 2.0%
05/10/00 BVI 10,000 $4.56 $45,600 - 146,389 2.1%
05/19/00 BVI 2,000 $4.40 $8,800 - 148,389 2.1%
06/28/00 BVI 14,000 $5.33 $74,620 - 162,389 2.3%
08/16/00 BVI 5,000 $2.56 $12,800 - 167,389 2.2%
-----------------------------------------------------------------------------------------------------------------
423,889 $769,565 111,500 $464,850 167,389 2.2%
=================================================================================================================
(B) Received warrants to purchase 150,000 shares
(C) Exercised warrants acquired on 04/29/99 for 150,000 shares.
</TABLE>
<PAGE>
C. Schedule of Acquisitions, Dispositions and Shareholdings of S.M.A.C.S.
Holdings Corp. (SHC)
-----------------------------------------------------------------------
<TABLE>
<CAPTION>
Shares bought Shares sold
------------- -----------
Balance Estimated
Number Price Beneficially Percentage
Date of Title of per Number of Price owned by of Shares
transaction owner shares share Total shares per share Total SHC Outstanding
----------- ----- ------ ----- ----- --------- --------- ----- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
06/01/98 SHC 61,666 (A) 242,100 5.4%
07/14/98 SHC 30,000 $1.49 $44,700 272,100 6.0%
09/14/98 SHC 30,000 $1.25 $37,500 302,100 6.7%
08/24/99 SHC - 30,000 $2.00 $60,000 272,100 4.7%
08/25/99 SHC - 30,000 $3.00 $90,000 242,100 4.2%
09/09/99 SHC - 25,000 $7.00 $175,000 217,100 3.8%
09/09/99 SHC - 47,100 $7.00 $329,700 170,000 2.9%
09/19/99 SHC 185,000 $1.75 $323,750 (D) - 170,000 2.9%
09/19/99 SHC - 25,000 $8.00 $200,000 145,000 2.5%
11/03/99 SHC 5,000 $4.60 $23,000 - 150,000 2.3%
11/03/99 SHC 1,000 $5.75 $5,750 - 151,000 2.3%
11/03/99 SHC 5,000 $5.75 $28,750 - 156,000 2.3%
11/03/99 SHC 20,000 $5.75 $115,000 - 176,000 2.6%
12/28/99 SHC - 5,000 $5.00 $25,000 171,000 2.6%
02/02/00 SHC 49,000 $1.39 $67,620 (E) - 220,000 3.2%
03/10/00 SHC - 10,000 $9.00 $90,000 210,000 3.0%
03/16/00 SHC - 10,000 $12.00 $120,000 200,000 2.9%
03/17/00 SHC - 5,000 $9.00 $45,000 195,000 2.8%
03/22/00 SHC 10,000 $9.06 $90,600 - 205,000 3.0%
03/24/00 SHC - 10,000 $10.00 $100,000 195,000 2.8%
05/04/00 SHC 20,000 $4.95 $99,000 - 215,000 3.1%
05/09/00 SHC 10,000 $4.80 $48,000 - 225,000 3.2%
-----------------------------------------------------------------------------------------------------------------
426,666 $883,670 197,100 $1,234,700 225,000 3.0%
=================================================================================================================
(A) Received warrants in December 1995 that vested in 1/3 increments commencing
June 1996.
(D) Exercised warrants for 185,000 shares.
(E) Purchased from a third party (which had purchased such shares from Bridge
Ventures, Inc. Defined Benefit Plan) in a private transaction.
</TABLE>
<PAGE>
D. Schedule of Acquisitions, Dispositions and Shareholdings of Bridge
Ventures, Inc. Defined Benefit Plan and Trust (BVIDBP)
-----------------------------------------------------------------------
<TABLE>
<CAPTION>
Shares bought Shares sold
------------- -----------
Balance Estimated
Number Price Beneficially Percentage
Date of Title of per Number of Price owned by of Shares
transaction owner shares share Total shares per share Total BVIDBP Outstanding
----------- ----- ------ ----- ----- --------- --------- ----- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
09/25/98 BVIDBP 10,000 $1.02 $10,200 10,000 0.2%
03/04/99 BVIDBP 20,000 $1.20 $24,000 30,000 0.6%
03/29/99 BVIDBP - 10,000 $1.69 $16,900 20,000 0.4%
03/29/99 BVIDBP - 20,000 $1.69 $33,800 0 0.0%
03/31/99 BVIDBP 49,000 $1.12 $54,880 49,000 0.9%
04/23/99 BVIDBP 5,000 $4.25 $21,250 54,000 1.0%
05/25/99 BVIDBP 4,000 $3.40 $13,600 - 58,000 1.0%
06/25/99 BVIDBP 1,700 $2.13 $3,621 - 59,700 1.1%
07/14/99 BVIDBP 3,000 $2.12 $6,360 - 62,700 1.1%
08/16/99 BVIDBP 10,000 $2.00 $20,000 - 72,700 1.3%
08/24/99 BVIDBP - 5,000 $2.23 $11,150 67,700 1.2%
09/09/99 BVIDBP - 4,000 $1.67 $6,680 63,700 1.1%
09/09/99 BVIDBP - 3,000 $7.70 $23,100 60,700 1.1%
09/10/99 BVIDBP - 5,000 $1.40 $7,000 55,700 1.0%
09/10/99 BVIDBP - 5,000 $14.00 $70,000 50,700 0.9%
09/15/99 BVIDBP - 49,000 $1.38 $67,620 (F) 1,700 0.0%
10/11/99 BVIDBP 25,000 $6.75 $168,750 - 26,700 0.4%
11/23/99 BVIDBP - 1,700 $6.15 $10,455 25,000 0.4%
11/24/99 BVIDBP - 25,000 $5.98 $149,500 0 0.0%
03/22/00 BVIDBP 10,000 $8.93 $89,300 - 10,000 0.1%
03/24/00 BVIDBP - 5,000 $4.75 $23,750 5,000 0.1%
03/27/00 BVIDBP - 5,000 $4.75 $23,750 0 0.0%
03/29/00 BVIDBP 25,000 $9.08 $227,000 - 25,000 0.4%
03/30/00 BVIDBP 25,000 $8.37 $209,250 - 50,000 0.7%
04/04/00 BVIDBP 4,000 $7.60 $30,400 - 54,000 0.8%
05/03/00 BVIDBP - 4,000 $4.87 $19,480 50,000 0.7%
05/03/00 BVIDBP - 25,000 $4.87 $121,750 25,000 0.4%
05/03/00 BVIDBP - 25,000 $4.87 $121,750 0 0.0%
-----------------------------------------------------------------------------------------------------------------
191,700 $878,611 191,700 $706,685 0 0.0%
=================================================================================================================
(F) Sold to a third party (which then sold such shares to S.M.A.C.S. Holding
Corp.) in a private transaction.
</TABLE>
<PAGE>
E. Schedule of Acquisitions, Dispositions and Shareholdings of Bridge
Ventures, Inc. Employee Benefit Plan (BVIEP)
-----------------------------------------------------------------------
<TABLE>
<CAPTION>
Shares bought Shares sold
------------- -----------
Balance Estimated
Number Price Beneficially Percentage
Date of Title of per Number of Price owned by of Shares
transaction owner shares share Total shares per share Total BVIEP Outstanding
----------- ----- ------ ----- ----- --------- --------- ----- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
07/14/00 BVIEP 5,000 $3.28 $16,400 - 5,000 0.1%
07/17/00 BVIEP 20,000 $3.37 $67,400 - 25,000 0.3%
07/20/00 BVIEP 5,000 $3.31 $16,550 - 30,000 0.4%
07/21/00 BVIEP 10,000 $3.18 $31,800 - 40,000 0.5%
07/31/00 BVIEP 10,000 $2.87 $28,700 - 50,000 0.7%
-----------------------------------------------------------------------------------------------------------------
50,000 $160,850 0 $0 50,000 0.7%
=================================================================================================================
</TABLE>
<PAGE>
Exhibit II
----------
Issued and Outstanding Shares of Common Stock of Amplidyne, Inc.*
-----------------------------------------------------------------
----------------------------------------------------------------
Date | No. of Shares
---- | -------------
-----------------------------|----------------------------------
01/23/97 | 2,850,000
-----------------------------|----------------------------------
12/31/97 | 4,460,000
-----------------------------|----------------------------------
03/31/98 | 4,460,000
-----------------------------|----------------------------------
06/30/98 | 4,500,000
-----------------------------|----------------------------------
09/30/98 | 4,500,000
-----------------------------|----------------------------------
12/31/98 | 4,703,333
-----------------------------|----------------------------------
03/31/99 | 5,675,195
-----------------------------|----------------------------------
06/30/99 | 5,770,007
-----------------------------|----------------------------------
09/30/99 | 6,644,079
-----------------------------|----------------------------------
12/31/99 | 6,924,970
-----------------------------|----------------------------------
03/31/00 | 6,989,320
-----------------------------|----------------------------------
06/30/00 | 7,411,591
-----------------------------|----------------------------------
07/20/00 | 7,448,841
-----------------------------|----------------------------------
09/30/00 | 7,453,841
----------------------------------------------------------------
* Based upon information reported in filings made by Amplidyne with the SEC.
<PAGE>
Exhibit III
-----------
JOINT FILING AGREEMENT
The undersigned agree, in accordance with Rule 13d-1(k)(1) under the
Securities and Exchange Act of 1934, as amended, to jointly file with the
Securities and Exchange Commission, on behalf of the undersigned, a Statement on
Schedule 13D, and any subsequent amendments thereto, relating to our ownership
of Common Stock of Rheometric Scientific, Inc.
Date: November 30, 2000 BRIDGE VENTURES, INC.
By: /s/ Harris Freedman
-----------------------------------
Name: Harris Freedman
Title: Secretary
S.M.A.C.S. HOLDINGS CORP.
By: /s/ Harris Freedman
-----------------------------------
Name: Harris Freedman
Title: Secretary
BRIDGE VENTURES, INC. DEFINED
BENEFIT PENSION PLAN AND TRUST
By: /s/ Harris Freedman
-----------------------------------
Name: Harris Freedman
Title: Trustee
BRIDGE VENTURES, INC. EMPLOYEE
BENEFIT PLAN
By: /s/ Harris Freedman
-----------------------------------
Name: Harris Freedman
Title: Trustee
HARRIS FREEDMAN
/s/ Harris Freedman
---------------------------------------
