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OMB APPROVAL
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OMB Number: 3235-0145
UNITED STATES Expires: August 31, 1999
SECURITIES AND EXCHANGE COMMISSION Estimated average burden
Washington, D.C. 20549 hours per form .......14.90
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
Orion Acquisition Corp. II
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title Class of Securities)
685924 102
- --------------------------------------------------------------------------------
(CUSIP Number)
MDB Capital Group LLC
100 Wilshire Boulevard
17th Floor
Santa Monica, California 90401
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 16, 1999
- --------------------------------------------------------------------------------
(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(b)(3) or (4), check the following box |_|.
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).
Page 1 of 14 Pages
<PAGE>
SCHEDULE 13D
- ---------------------- ---------------------------
CUSIP No. 685924102 Page 2 of 14 Pages
- ---------------------- ---------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
MDB Capital Group LLC
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC - Working Capital
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of California
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
5,375
NUMBER OF -----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 5,375
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,375
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ---------------------- ---------------------------
CUSIP No. 685924102 Page 3 of 14 Pages
- ---------------------- ---------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Anthony DiGiandomenico
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF - Personal Funds
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
41,225
NUMBER OF -----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,375(1)
EACH -----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 41,225
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,375(1)
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,600
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
(1) Held in trading account of MDB Capital Group LLC of which Reporting Person
is a member and an operating officer.
<PAGE>
SCHEDULE 13D
- ---------------------- ---------------------------
CUSIP No. 685924102 Page 4 of 14 Pages
- ---------------------- ---------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
James D. Bowyer
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF - Personal Funds
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
56,400(1)
NUMBER OF -----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,375(2)
EACH -----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 56,400 (1)
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,375(2)
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,775
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
(1) Includes 43,400 shares held in the James D. Bowyer Pension Plan of which
Reporting Person is the sole trustee.
(2) Held in trading account of MDB Capital Group LLC of which Reporting Person
is a member and an operating officer.
<PAGE>
SCHEDULE 13D
- ---------------------- ---------------------------
CUSIP No. 685924102 Page 5 of 14 Pages
- ---------------------- ---------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Christopher A. Marlett
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF - Personal Funds
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
126,000
NUMBER OF -----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,375(1)
EACH -----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 126,000
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,375(1)
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
131,375
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.8%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
(1) Held in trading account of MDB Capital Group LLC of which Reporting Person
is a member and an operating officer.
<PAGE>
SCHEDULE 13D
- ---------------------- ---------------------------
CUSIP No. 685924102 Page 6 of 14 Pages
- ---------------------- ---------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Dyana Williams Marlett
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF - Personal Funds
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
68,000
NUMBER OF -----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 68,000
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,000
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.6%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ---------------------- ---------------------------
CUSIP No. 685924102 Page 7 of 14 Pages
- ---------------------- ---------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Leonard Rothstein
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF - Personal Funds
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
20,000
NUMBER OF -----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 20,000
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ---------------------- ---------------------------
CUSIP No. 685924102 Page 8 of 14 Pages
- ---------------------- ---------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
William C. Fioretti
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF - Personal Funds
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
70,000
NUMBER OF -----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 70,000
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,000
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.9%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Item I. Securities and Issuer
The class of equity securities to which this statement relates is the
Common Stock, $.01 par value, of Orion Acquisition Corp. II ("Company"), a
Delaware corporation, whose principal executive offices are located at 100
Wilshire Boulevard, 17th Floor, Santa Monica, California 90401.
Item II. Identity and Background
This statement is filed on behalf of MDB Capital Group LLC ("MDB"),
Christopher A. Marlett ("C. Marlett"), James D. Bowyer ("J. Bowyer"), Anthony
DiGiandomenico ("DiGiandomenico"), Dyana Williams Marlett ("D. Marlett"),
Leonard Rothstein ("Rothstein") and William C. Fioretti ("Fioretti"). MDB, C.
Marlett, J. Bowyer, DiGiandomenico, D. Marlett, Rothstein and Fioretti are
collectively referred to as the "Reporting Persons."
MDB's business address is 401 Wilshire Boulevard, Suite 1050, Santa
Monica, California 90402. MDB is a registered broker-dealer and investment firm.
C. Marlett, J. Bowyer and DiGiandomenico are the members of the limited
liability company, MDB. D. Marlett is the Chief Operating Officer of MDB. Each
of C. Marlett, J. Bowyer, DiGiandomenico, D. Marlett and Rothstein is a
full-time employee of MDB and each of their business addresses is the same as
that of MDB. C. Marlett and D. Marlett are husband and wife.
The business address of Fioretti is 6333 North Highway 161, Suite 350,
Irving, Texas 75038. Fioretti is the President of Agritech, Inc., a firm in the
bio-agricultural business.
MDB is a limited liability company organized and existing under the
laws of the State of California. Each of the Reporting Persons who is an
individual is a citizen of the United States.
C. Marlett, J. Bowyer, DiGiandomenico, D. Marlett and Fioretti are
officers and/or directors of the Company. These persons took these positions as
a result of stockholder and board action on April 30, 1999. Their positions with
the Company are not as full-time employees.
None of the Reporting Persons has been convicted in any criminal
proceeding (excluding traffic violations or similar misdemeanors) during the
last five years.
None of the Reporting Persons has been a party to any civil proceeding
of a judicial or administrative body of competent jurisdiction resulting in any
judgment, decree or final order enjoining it from engaging in future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws during the
last five years.
Page 9 of 14 Pages
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration
MDB used corporate working capital funds to acquire the Common Stock
reported upon in this Schedule 13D as owned by it. C. Marlett, J. Bowyer,
DiGiandomenico, D. Marlett, Rothstein and Fioretti used personal funds to
acquire the Common Stock reported upon in this Schedule 13D as owned by them.
Each of these persons, if they make future purchases of the Common Stock, will
use their corporate or personal funds, as the case may be. None of the Reporting
Persons has borrowed and does not contemplate borrowing any funds to acquire
Common Stock.
Item 4. Purpose of Transactions
The Common Stock held by MDB was acquired in its trading account. The
acquisitions and dispositions being reported upon in this amendment occurred in
the MDB trading account and were made in the course of trading activities and
market making activities as a registered broker-dealer. The Common Stock
acquired by each of C. Marlett, J. Bowyer, DiGiandomenico, D. Marlett, Rothstein
and Fioretti was acquired as an investment and is being held as an investment.
The Reporting Persons may undertake one or more of the actions set
forth below.
(a) Each of the Reporting Persons may acquire or dispose of additional
securities from time to time in the market or in private transactions. None of
these persons has any agreements to acquire or dispose of any Common Stock at
this time, except as to MDB discussed below.
MDB intends to acquire and dispose of Common Stock on a regular basis
to the extent permitted by law. MDB expects that its holdings of Common Stock in
its trading account will fluctuate over time. MDB may assign shares of Common
Stock in its trading account to its investment account or allocate or sell
shares of Common Stock to C. Marlett, J. Bowyer, DiGiandomenico, D. Marlett,
Rothstein or Fioretti or to other persons in the future. Each of C. Marlett, J.
Bowyer, DiGiandomenico, D. Marlett, Rothstein and Fioretti may sell shares of
Common Stock from time to time, as permitted by law.
(b) The Company was formed for the specific purpose of identifying an
operating business for acquisition and completing a merger or other business
combination with it. Each of the Reporting Persons intends to cause the Company
to continue this business objective. The Reporting Persons have not identified
at this time any business for acquisition and have no agreements or arrangements
for a merger or other business combination.
(c) The Reporting Persons do not intend to cause any additional change
in the current board of directors or management of the Company or change the
number or term of the current directors. There are no vacancies on the current
board of directors of the Company.
(d) The Reporting Persons intend to cause a change in the capital
structure of the Company. The change may be effected by the elimination of some
or all of the outstanding classes of equity securities and/or by modification of
Page 10 of 14 Pages
<PAGE>
outstanding equity securities and the terms of outstanding options and warrants.
These changes may be effected through negotiation and/or shareholder or security
holder action.
(e) The Reporting Persons currently do not intend to make material
changes in the corporate structure, charter, bylaws, or corresponding
instruments other than as described above or take other actions which may impede
the acquisition of control of the Company by any person. Notwithstanding the
foregoing, circumstances may arise where it is advisable to make such changes.
It is expected that in connection with a merger or business combination there
will be changes to the constituent corporate documents of the Company and
introduction of various anti-takeover provisions.
(f) The Reporting Persons do not intend to cause any class of
securities to be delisted from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of a registered
national securities association; or to cause a class of equity securities of the
Company becoming eligible for termination of registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934 except with the consent of the
holders of the class.
Item 5. Interest in Securities of the Issuer
MDB is the owner of 5,375 shares of Common Stock. All of the shares are
held in the trading account of MDB. MDB beneficially owns 0.6% of the
outstanding shares of Common Stock. This amount reflects the difference between
the aggregate acquisitions and dispositions of the Common Stock by MDB in its
trading account during the last 60 days.
DiGiandomenico owns 39,225 shares of Common Stock. DiGiandomenico is
the trustee of American Mgmt. Pension Trust which owns 2,000 shares of Common
Stock. DiGiandomenico has sole voting and dispositive power over these 41,225
shares. DiGiandomenico has shared voting and dispositive power over the 5,375
shares of Common Stock owned by MDB because he is a member of MDB and one of
three operating persons of MDB. DiGiandomenico is deemed to beneficially own
46,600 shares of Common Stock. DiGiandomenico beneficially owns 5.2% of the
outstanding shares of Common Stock.
J. Bowyer owns 10,000 shares of Common Stock directly and 46,400 shares
of Common Stock indirectly in the James D. Bowyer Pension Plan of which he is
the sole trustee. J. Bowyer has sole voting and dispositive power over 56,400
shares of Common Stock. J. Bowyer has shared voting and dispositive power over
the 5,375 shares of Common Stock owned by MDB because he is a member of MDB and
one of the three operating persons of MDB. J. Bowyer is deemed to beneficially
own 61,775 shares of Common Stock currently representing 6.9% of the outstanding
shares of Common Stock. The above amounts do not include 3,000 shares of Common
Stock issuable upon exercise of Class A Warrants issued by the Company which are
not exercisable within 60 days.
C. Marlett owns 126,000 shares in the self-directed Christopher A.
Marlett IRA Rollover and Christopher A. Marlett IRA (together the "Marlett
IRA"). C. Marlett has sole voting and dispositive power over 126,000 shares of
Page 11 of 14 Pages
<PAGE>
Common Stock. C. Marlett has shared voting and dispositive power over the 5,375
shares of Common Stock owned by MDB because he is a member of MDB and one of the
three operating persons of MDB. C. Marlett is deemed to beneficially own 131,375
shares of Common Stock. C. Marlett beneficially owns 14.8% of the outstanding
shares of Common Stock. C. Marlett disclaims beneficial ownership of shares of
Common Stock owned by D. Marlett, and those shares are not included in the above
amounts.
D. Marlett owns 65,000 shares of Common Stock directly and is the
custodian for three minors each of which owns 1,000 shares of Common Stock. D.
Marlett has sole voting and dispositive power of the 68,000 shares of Common
Stock which represents 7.6% of the outstanding shares of Common Stock. D Marlett
disclaims beneficial ownership of the shares of Common Stock owned by C.
Marlett, and those shares are not included in the above amounts.
Rothstein owns 20,000 shares of Common Stock directly. Rothstein has
sole voting and dispositive power of the 20,000 shares of Common Stock which
currently represents 2.2% of the outstanding shares of Common Stock.
Fioretti owns 70,000 shares of Common Stock directly. Fioretti has sole
and dispositive power of the 70,000 shares of Common Stock which currently
represents 7.9% of the outstanding shares of Common Stock.
Together the Reporting Persons have the right to vote and to dispose of
an aggregate of 387,000 shares of Common Stock currently representing 43.5% of
the outstanding shares of Common Stock.
The following is the report of purchases made during the 60 days
preceding September 20, 1999, by each of the Reporting Persons, including the
date of the transaction, number of shares of Common Stock acquired, and price
per share. All purchases were effected on the OTC Bulletin Board as open market
purchases.
<TABLE>
Date of Number of
Reporting Person Transaction Shares Acquired / Sold Price
- ---------------- ----------- ------ --------------- -----
<S> <C> <C> <C> <C>
MDB 10/8/99 20,000 S $1.25
MDB 10/29/99 20,000 S $1.25
MDB 10/18/99 13,000 S $1.30
MDB 10/18/99 8,000 S $1.28
MDB 10/18/99 1,000 P $1.25
MDB 12/14/99 20,000 S $1.375
MDB 12/14/99 55,000 S $1.375
MDB 12/16/99 44,000 S $1.25
</TABLE>
Page 12 of 14 Pages
<PAGE>
Item 6. Contracts, Agreements, Understandings or Relationship with
Respect to Securities of Issuer
There are no agreements, contracts or arrangements among the Reporting
Persons with respect to the Common Stock except as disclosed in this Schedule
13D. MDB is a limited liability company of which C. Marlett, J. Bowyer and
DiGiandomenico are the sole members and the three operating persons.
Item 7. Materials to be Filed as Exhibits
(10.1)* Fifth Amended Joint Filing Agreement dated as of August 20,
1999 among MDB Capital Group LLC, Christopher A. Marlett,
James D. Bowyer, Anthony DiGiandomenico, Dyana Williams
Marlett, Leonard Rothstein and William C. Fioretti.
- --------
*Previously filed.
Page 13 of 14 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: December 27, 1999
MDB Capital Group LLC
/s/ Christopher A. Marlett
--------------------------------------------------
By: Christopher A. Marlett, Authorized Signatory
/s/ Christopher A. Marlett
--------------------------------------------------
Christopher A. Marlett
/s/ James D. Bowyer
--------------------------------------------------
James D. Bowyer
/s/ Anthony DiGiandomenico
--------------------------------------------------
Anthony DiGiandomenico
/s/ Dyana Williams Marlett
--------------------------------------------------
Dyana Williams Marlett
/s/ Leonard Rothstein
--------------------------------------------------
Leonard Rothstein
/s/ William C. Fioretti
--------------------------------------------------
William C. Fioretti
Page 14 of 14 Pages
