<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)(*)
Simplex Medical Systems, Inc.
-----------------------------
(Name of Issuer)
Common Stock, $.01 par value
----------------------------
(Title of Class of Securities)
-------------------------------
(CUSIP Number)
Roger Taft
1900 Glades Road, Suite 240
Boca Raton, Florida 33431
(561) 416-7377
--------------------------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
March 5, 1997
-------------
(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
statement 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>
SCHEDULE 13D
CUSIP NO. PAGE 2 OF 17 PAGES
- --------- ------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS
Roger Taft
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(*)
(a) [_]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS(*)
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
323,500
NUMBER OF --------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING PERSON 323,500
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
323,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES(*) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON(*)
IN
- --------------------------------------------------------------------------------
(*)SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP NO. PAGE 3 OF 17 PAGES
- --------- ------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS
Stuart Taft
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(*)
(a) [_]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS(*)
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 416,500
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
416,500
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
416,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES(*) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON(*)
IN
- --------------------------------------------------------------------------------
(*)SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP NO. PAGE 4 OF 17 PAGES
- --------- ------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS
Jason Taft
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(*)
(a) [_]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS(*)
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 100,000
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
100,000
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES(*) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.33%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON(*)
IN
- --------------------------------------------------------------------------------
(*)SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP NO. PAGE 5 OF 17 PAGES
- --------- ------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS
Joel Marcus
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(*)
(a) [_]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS(*)
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 220,000
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
220,000
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
220,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES(*) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON(*)
IN
- --------------------------------------------------------------------------------
(*)SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP NO. PAGE 6 OF 17 PAGES
- --------- ------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS
Larry Marcus
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(*)
(a) [_]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS(*)
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 240,000
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
240,000
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
240,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES(*) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON(*)
IN
- --------------------------------------------------------------------------------
(*)SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
PAGE 7 OF 17 PAGES
ITEM 1. SECURITY AND ISSUER.
--------------------
This Statement on Schedule 13D relates to the Common Stock, par value $.01
per share (the "Shares"), of Simplex Medical Systems, Inc., a Florida
corporation (the "Issuer"). The principal executive offices of the Issuer are
located at 430 Ansin Boulevard, Suite G, Hallandale, Florida 33009.
ITEM 2. IDENTITY AND BACKGROUND.
------------------------
(a)(b) This Statement on Schedule 13D is being filed on behalf of
Roger Taft, 1900 Glades Road, Suite 240, Boca Raton, Florida
33431; Stuart Taft, 37 Franklin Street, Westport, Connecticut
06880; Jason Taft, 111 Drummlin Road, Westport, Connecticut
06880; Joel Marcus, 430 Southeast 7th Avenue, Pompano Beach,
Florida 33060; and Larry Marcus, 676 West Prospect Road, Fort
Lauderdale, Florida, 33309.
(c) Mr. Roger Taft is a principal of Summit Marketing & Public
Relations, Inc. ("Summit"), a financial public relations firm.
Mr. Stuart Taft is a principal of Summit, and Mr. Jason Taft is
a principal of Summit. Mr. Joel Marcus is a certified public
account, and Mr. Larry Marcus is an insurance broker.
(d) During the last five years, neither Mr. Roger Taft, Mr. Stuart
Taft, Mr. Jason Taft, Mr. Joel Marcus nor Mr. Larry Marcus have
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, neither Mr. Roger Taft, Mr. Stuart
Taft, Mr. Jason Taft, Mr. Joel Marcus nor Mr. Larry Marcus was
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. Roger Taft, Mr. Stuart Taft, Mr. Jason Taft, Mr. Joel
Marcus and Mr. Larry Marcus are all citizens of the United
States.
<PAGE>
PAGE 8 OF 17 PAGES
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
--------------------------------------------------
Mr. Roger Taft, Mr. Stuart Taft, Mr. Jason Taft, Mr. Joel Marcus and Mr.
Larry Marcus purchased Shares of Common Stock of the Issuer utilizing each of
their respective personal funds. The Shares were acquired by Mr. Roger Taft, Mr.
Stuart Taft, Mr. Jason Taft, Mr. Joel Marcus and Mr. Larry Marcus for investment
purposes. Each of the aforesaid individuals may, independently, and without
consultation with any of the other aforesaid individuals, seek to acquire
additional Shares, seek to dispose of such Shares in open market or privately
negotiated transactions, or may continue to hold such Shares as an investment,
depending upon the then current financial and business conditions of the Issuer,
general market and economic conditions, the then state of the economy, and also
depending upon each individual's current financial situation.
ITEM 4. PURPOSE OF TRANSACTION.
-----------------------
None of the aforesaid individuals acquired any Shares with reference to any
plans or proposals which they individually might have and which relate to or
would result in (a) the acquisition by any person of additional securities of
Issuer or the disposition of securities of the Issuer; (b) an extraordinary
corporate transaction, such as a merger, reorganization or liquidation involving
the Issuer or any of its subsidiaries, except as otherwise previously announced
by the Issuer before the date of the acquisition of the Shares; (c) a sale or
transfer of a material amount of assets of the Issuer or any of its
subsidiaries; (d) any change in the present Board of Directors or management of
the Issuer, including any plans or proposals to change the number of terms of
Directors or to fill any existing vacancies on the Board of Directors of the
Issuer, except in connection with the afore-described merger, as previously
announced by the Issuer; (e) any material change in the present capitalization
or dividend policy of the Issuer; (f) any other material change in the Issuer's
business or corporate structure, except as otherwise publicly disclosed by the
Issuer in connection with the afore-described merger; (g) changes in the
Issuer's charter, by-laws, or instruments corresponding thereto or other actions
which may impede the acquisition or control of the Issuer by any persons; (h)
causing a class of securities of the Issuer 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; (i) a class of
equity securities of the Issuer becoming eligible for termination of
registration pursuant to section 12(g)(4) of the Securities Exchange Act of
1934; or (j) any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
-------------------------------------
(a) (b) Mr. Roger Taft may be deemed to beneficially own 323,500 Shares of
the Issuer's Common Stock, or approximately 4.3% of the total outstanding Shares
of the Issuer's Common Stock. Mr. Roger Taft may be deemed to have sole voting
and dispositive power with respect to these Shares. Such Shares do not include
any Shares owned by Mr. Stuart Taft, Mr. Jason Taft, Mr. Joel Marcus, and Mr.
Larry Marcus, all of which Shares that are beneficially owned by such persons,
Mr. Roger Taft disclaims beneficial ownership with respect thereto. Mr. Stuart
Taft and Mr. Jason Taft are the adult sons of Mr. Roger Taft.
<PAGE>
PAGE 9 OF 17 PAGES
Mr. Stuart Taft may be deemed to beneficially own 416,500 Shares of the
Issuer's Common Stock, or approximately 5.6% of the total outstanding Shares of
the Issuer's Common Stock. Mr. Stuart Taft may be deemed to have sole voting and
dispositive power with respect to these Shares. Such Shares do not include any
Shares owned by Mr. Roger Taft, Mr. Jason Taft, Mr. Joel Marcus, and Mr. Larry
Marcus, all of which Shares that are beneficially owned by such persons, Mr.
Stuart Taft disclaims beneficial ownership with respect thereto. Mr. Stuart Taft
is the brother of Mr. Jason Taft and the adult son of Mr. Roger Taft.
Mr. Jason Taft may be deemed to beneficially own 100,000 Shares of the
Issuer's Common Stock, or approximately 1.33% of the total outstanding Shares of
the Issuer's Common Stock. Mr. Jason Taft may be deemed to have sole voting and
dispositive power with respect to these Shares. Such Shares do not include any
Shares owned by Mr. Stuart Taft, Mr. Roger Taft, Mr. Joel Marcus, and Mr. Larry
Marcus, all of which Shares that are beneficially owned by such persons, Mr.
Jason Taft disclaims beneficial ownership with respect thereto. Mr. Jason Taft
is the brother of Mr. Stuart Taft and the adult son of Mr. Roger Taft.
Mr. Joel Marcus may be deemed to beneficially own 220,000 Shares of the
Issuer's Common Stock, or approximately 2.9% of the total outstanding Shares of
the Issuer's Common Stock. Mr. Joel Marcus may be deemed to have sole voting and
dispositive power with respect to these Shares. Such Shares do not include any
Shares owned by Mr. Roger Taft, Mr. Stuart Taft, Mr. Jason Taft, and Mr. Larry
Marcus, all of which Shares that are beneficially owned by such persons, Mr.
Joel Marcus disclaims beneficial ownership with respect thereto. Mr. Joel Marcus
is the father of Mr. Larry Marcus.
Mr. Larry Marcus may be deemed to beneficially own 240,000 Shares of the
Issuer's Common Stock, or approximately 3.2% of the total outstanding Shares of
the Issuer's Common Stock. Mr. Larry Marcus may be deemed to have sole voting
and dispositive power with respect to these Shares. Such Shares do not include
any Shares owned by Mr. Roger Taft, Mr. Stuart Taft, Mr. Jason Taft, and Mr.
Joel Marcus, all of which Shares that are beneficially owned by such persons,
Mr. Larry Marcus disclaims beneficial ownership with respect thereto. Mr. Larry
Marcus is the adult son of Mr. Joel Marcus.
Mr. Roger Taft, Mr. Stuart Taft, Mr. Jason Taft, Mr. Joel Marcus, and Mr.
Larry Marcus all disclaim the existence of any group organized for the purpose
of acquiring, holding, voting or disposing of any Shares of the Issuer's Common
Stock.
(c) All transactions in the class of Shares being reported on this
Schedule 13D during the preceding 60 days are described on Exhibit A, attached
hereto and incorporated herein by reference.
(d) No other person is known to have the right to receive or the power to
direct receipt of dividends from, or the proceeds from the sale of, such Shares
owned beneficially by the afore-described reporting persons.
(e) Not applicable.
<PAGE>
PAGE 10 OF 17 PAGES
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
---------------------------------------------------------------------
TO SECURITIES OF THE ISSUER.
----------------------------
There are no contracts, arrangements or relationships between any of the
reporting persons and/or the Issuer or between such reporting persons relating
to the securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A - Prior Transactions Effectuated by Roger Taft, Stuart Taft,
Jason Taft, Joel Marcus, and Larry Marcus With Respect to Transactions in the
Securities of the Issuer During the Preceding 60 Days.
Exhibit B - Joint Filing Statement By and Among Roger Taft, Stuart Taft,
Jason Taft, Joel Marcus, and Larry Marcus.
<PAGE>
PAGE 11 OF 17 PAGES
SIGNATURE
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:
------------------------ ------------------------
Roger Taft
<PAGE>
PAGE 12 OF 17 PAGES
SIGNATURE
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:
------------------------ ------------------------
Stuart Taft
<PAGE>
PAGE 13 OF 17 PAGES
SIGNATURE
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:
------------------------ ------------------------
Jason Taft
<PAGE>
PAGE 14 OF 17 PAGES
SIGNATURE
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:
------------------------ ------------------------
Joel Marcus
<PAGE>
PAGE 15 OF 17 PAGES
SIGNATURE
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:
------------------------ ------------------------
Larry Marcus
<PAGE>
PAGE 16 OF 17 PAGES
EXHIBIT A
Prior Transactions Effectuated by Roger Taft, Stuart Taft, Jason Taft,
Joel Marcus, and Larry Marcus With Respect to Transactions in the Securities of
the Issuer During the Preceding 60 Days.
<TABLE>
<CAPTION>
REPORTING SHARES
DATE PERSON ACQUIRED(SOLD)(1) PRICE PER SHARE
- -----------------------------------------------------------------------
<S> <C> <C> <C>
February 21, 1997 Stuart Taft 450,000 $.03125
- -----------------------------------------------------------------------
February 21, 1997 Joel Marcus 250,000 $.03125
- -----------------------------------------------------------------------
February 21, 1997 Larry Marcus 250,000 $.03125
- -----------------------------------------------------------------------
February 21, 1997 Jason Taft 100,000 $.03125
- -----------------------------------------------------------------------
February 21, 1997 Roger Taft 150,000 $.03125
- -----------------------------------------------------------------------
February 28, 1997 Roger Taft 38,000 $ .26
- -----------------------------------------------------------------------
February 28, 1997 Roger Taft 30,000 $ .28
- -----------------------------------------------------------------------
February 28, 1997 Roger Taft 103,000 $ .225
- -----------------------------------------------------------------------
February 28, 1997 Roger Taft 30,000 $ .28
- -----------------------------------------------------------------------
March 3, 1997 Stuart Taft 27,500 (sold) $ 2.00
- -----------------------------------------------------------------------
March 3, 1997 Stuart Taft 6,000(2) N/A(2)
- -----------------------------------------------------------------------
March 3, 1997 Roger Taft 25,000(3) $ 2.00
- -----------------------------------------------------------------------
March 3, 1997 Roger Taft 1,500(2) N/A(2)
- -----------------------------------------------------------------------
</TABLE>
- ------------------------
(1) Unless otherwise indicated, all transactions represent open market
transactions effectuated by the afore-described individuals.
(2) Represents shares gifted by the reporting person.
(3) Represents shares transferred by the reporting person in a private
transaction.
<PAGE>
PAGE 17 OF 17 PAGES
EXHIBIT B
JOINT FILING STATEMENT
Reference is hereby made to a report on Schedule 13D being filed on or
about the date hereof with respect to the undersigned's ownership of Shares of
Common Stock of Simplex Medical Systems, Inc. The undersigned hereby acknowledge
and agree that such Schedule 13D is being filed on behalf of each of the
undersigned. This Agreement may be executed in one or more counterparts, each of
which will be an original, but all which will constitute one and the same
instrument dated May ____, 1997.
--------------------------------------------
Roger Taft
--------------------------------------------
Stuart Taft
--------------------------------------------
Jason Taft
--------------------------------------------
Joel Marcus
--------------------------------------------
Larry Marcus
