<PAGE>
===============================================================================
-------------------------------
/ OMB APPROVAL /
-------------------------------
/ OMB Number: 3235-0145 /
/ Expires: August 31, 1999 /
/ Estimated average burden /
/ hours per response....14.90 /
-------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._____)*
SmarterKids.com, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
83169C 10 6
------------------------------
(CUSIP Number)
December 31, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
* 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 1 of 14 pages
<PAGE>
SCHEDULE 13G
===============================================================================
CUSIP NO. 83169C 10 6 Page 2 of 14
----------- ----- -----
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Commonwealth Capital Ventures II L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware Limited Partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,847,658 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,847,658 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,847,658 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
Page 2 of 14 pages
<PAGE>
SCHEDULE 13G
===============================================================================
CUSIP NO. 83169C 10 6 Page 3 of 14
----------- ----- -----
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
CCV II Associates L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware Limited Partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,847,658 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,847,658 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,847,658 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
Page 3 of 14 pages
<PAGE>
SCHEDULE 13G
===============================================================================
CUSIP NO. 83169C 10 6 Page 4 of 14
----------- ----- -----
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Commonwealth Venture Partners II L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware Limited Partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,847,658 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,847,658 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,847,658 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
Page 4 of 14 pages
<PAGE>
SCHEDULE 13G
===============================================================================
CUSIP NO. 83169C 10 6 Page 5 of 14
----------- ----- -----
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Michael T. Fitzgerald
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 11,250 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,847,658 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 11,250 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,847,658 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,858,908 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 5 of 14 pages
<PAGE>
SCHEDULE 13G
===============================================================================
CUSIP NO. 83169C 10 6 Page 6 of 14
----------- ----- -----
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Jeffrey M. Hurst
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,847,658 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,847,658 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,847,658 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 6 of 14 pages
<PAGE>
SCHEDULE 13G
===============================================================================
CUSIP NO. 83169C 10 6 Page 7 of 14
----------- ----- -----
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
R. Stephen McCormack, Jr.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,847,658 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,847,658 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,847,658 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 7 of 14 pages
<PAGE>
SCHEDULE 13G
===============================================================================
CUSIP NO. 83169C 10 6 Page 8 of 14
----------- ----- -----
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Robin S. Chandra
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,847,658 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,847,658 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,847,658 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 8 of 14 pages
<PAGE>
Schedule 13G
------------
Item 1(a). Name of Issuer: SmarterKids.com, Inc.
--------------
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
15 Crawford Street, Needham, Massachusetts 02494
Item 2(a). Names of Persons Filing: Commonwealth Venture Partners II L.P.,
-----------------------
Commonwealth Capital Ventures II L.P., CCV II Associates L.P.,
Michael T. Fitzgerald, Jeffrey M. Hurst, R. Stephen McCormack, Jr.
and Robin S. Chandra.
Commonwealth Venture Partners II L.P. is the sole general partner of
Commonwealth Capital Ventures II L.P. and CCV II Associates L.P.
Messrs. Fitzgerald, Hurst, McCormack and Chandra are the individual
general partners of Commonwealth Venture Partners II L.P.
Item 2(b). Address of Principal Business Office or, if None, Residence: The
-----------------------------------------------------------
address of the principal business office of Commonwealth Venture
Partners II L.P., Commonwealth Capital Ventures II L.P., CCV II
Associates L.P. and Messrs. Fitzgerald, Hurst, McCormack and Chandra
is 20 William Street, Wellesley, Massachusetts 02481.
Item 2(c). Citizenship: Commonwealth Venture Partners II L.P., Commonwealth
-----------
Capital Ventures II L.P. and CCV II Associates L.P. are each a
limited partnership organized under the laws of the State of
Delaware. Messrs. Fitzgerald, Hurst, McCormack and Chandra are
citizens of the United States.
Item 2(d). Title of Class of Securities: Common Stock, $.01 par value.
----------------------------
Item 2(e). CUSIP Number: 83169C 10 6
------------
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)
------------------------------------------------------------------
or (c), check whether the person filing is a:
--------------------------------------------
Not Applicable.
Item 4. Ownership.
---------
(a) Amount Beneficially Owned:
Each of Commonwealth Venture Partners II L.P., Commonwealth Capital
Ventures II L.P. and CCV II Associates L.P. (individually an
"Entity" and collectively the "Entities") may be deemed to own
beneficially 1,847,658 shares of Common Stock as of December 31,
1999. Each of Messrs. Hurst, McCormack and Chandra may be deemed to
own beneficially 1,847,658 shares of Common Stock as of December 31,
1999. Mr. Fitzgerald may be deemed to own beneficially 1,858,908
shares of Common Stock as of December 31, 1999.
As of December 31, 1999, Commonwealth Capital Ventures II L.P. was
the record owner of 1,760,250 shares of Common Stock and CCV II
Associates L.P. was the record owner of 87,408 shares of Common
Stock (referred to collectively as the "Record Shares"). As of
December 31, 1999, Mr. Fitzgerald held of record options exercisable
within 60 days of December 31, 1999 to purchase 11,250 shares of
Common Stock (the "Option Shares"). By virtue of the affiliate
relationships among the Entities and Messrs.
Page 9 of 14 pages
<PAGE>
Fitzgerald, Hurst, McCormack and Chandra, each Entity and Messrs.
Fitzgerald, Hurst, McCormack and Chandra may be deemed to own
beneficially all of the Record Shares. Hence, each Entity may be
deemed to own beneficially 1,847,658 shares of Common Stock. In
their capacities as individual general partners of Commonwealth
Venture Partners II L.P., each of Messrs. Hurst, McCormack and
Chandra may be deemed to own beneficially 1,847,658 shares of Common
Stock. In his capacity as an individual general partner of
Commonwealth Venture Partners II L.P., Mr. Fitzgerald may be deemed
to own beneficially 1,858,908 shares of Common Stock, which includes
the Record Shares and the Option Shares.
(b) Percent of Class:
Commonwealth Venture Partners II L.P. 9.1%
Commonwealth Capital Ventures II L.P. 9.1%
CCV II Associates L.P. 9.1%
Michael T. Fitzgerald 9.2%
Jeffrey M. Hurst 9.1%
R. Stephen McCormack, Jr. 9.1%
Robin S. Chandra 9.1%
The foregoing percentages are calculated based on the 20,301,762
shares of Common Stock of the Issuer reported by Chase Mellon
Shareholder Services, the transfer agent to the Issuer, to be
outstanding as of December 31, 1999, as adjusted pursuant to Rule
13d-3(d)(1).
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 shares for each reporting person other than Mr. Fitzgerald.
11,250 shares for Michael T. Fitzgerald.
(ii) shared power to vote or to direct the vote:
Commonwealth Venture Partners II L.P. 1,847,658 shares
Commonwealth Capital Ventures II L.P. 1,847,658 shares
CCV II Associates L.P. 1,847,658 shares
Michael T. Fitzgerald 1,847,658 shares
Jeffrey M. Hurst 1,847,658 shares
R. Stephen McCormack, Jr. 1,847,658 shares
Robin S. Chandra 1,847,658 shares
(iii) sole power to dispose or to direct the disposition of:
0 shares for each reporting person other than Mr. Fitzgerald.
11,250 shares for Michael T. Fitzgerald.
(iv) shared power to dispose or to direct the disposition of:
Commonwealth Venture Partners II L.P. 1,847,658 shares
Commonwealth Capital Ventures II L.P. 1,847,658 shares
CCV II Associates L.P. 1,847,658 shares
Michael T. Fitzgerald 1,847,658 shares
Jeffrey M. Hurst 1,847,658 shares
R. Stephen McCormack, Jr. 1,847,658 shares
Robin S. Chandra 1,847,658 shares
Page 10 of 14 pages
<PAGE>
Each Reporting Person disclaims beneficial ownership of such shares
of Common Stock or options to purchase Common Stock except for those
shares or options, if any, such Reporting Person holds of record.
Item 5. Ownership of Five Percent or Less of a Class.
--------------------------------------------
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
---------------------------------------------------------------
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
---------------------------------------------------------
Not Applicable. The reporting persons expressly disclaim membership
in a "group" as defined in Rule 13d-1(b)(1)(ii)(J).
Item 9. Notice of Dissolution of Group.
------------------------------
Not Applicable.
Item 10. Certifications.
--------------
Not Applicable. This statement on Schedule 13G is not filed pursuant
to Rule 13d-1(b) or Rule 13d-1(c).
[REMAINDER OF PAGE LEFT BLANK INTENTIONALLY]
[SIGNATURE PAGE FOLLOWS IMMEDIATELY]
Page 11 of 14 pages
<PAGE>
SIGNATURES
----------
After reasonable inquiry and to the best of his knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct. Each of the undersigned also hereby agrees to file
this statement jointly pursuant to the Agreement listed on Exhibit 1 hereto.
Dated: February 9, 2000
CCV II ASSOCIATES L.P. *
-----------------------------------
Michael T. Fitzgerald
By: Commonwealth Venture Partners II L.P.
*
-----------------------------------
By: * Jeffrey M. Hurst
-----------------------------------
Michael T. Fitzgerald
General Partner
*
-----------------------------------
R. Stephen McCormack, Jr.
COMMONWEALTH CAPITAL VENTURES II L.P.
By: Commonwealth Venture Partners II L.P.
By: * *
----------------------------------- -----------------------------------
Michael T. Fitzgerald Robin S. Chandra
General Partner
COMMONWEALTH VENTURE PARTNERS II L.P.
By: *
-----------------------------------
Michael T. Fitzgerald
General Partner
* The undersigned, by signing his name below, does hereby sign this statement on
behalf of himself individually and as attorney-in-fact on behalf of the other
above indicated filers pursuant to Powers of Attorney which are attached
hereto as Exhibit 2 and incorporated herein by reference.
---------
/s/ Michael T. Fitzgerald
-----------------------------------
Individually and as Attorney-in-fact
Page 12 of 14 pages
<PAGE>
Exhibit 1
---------
AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of SmarterKids.com, Inc.
This agreement may be executed in any number of counterparts, each of which
shall be deemed an original.
EXECUTED this 9th day of February, 2000.
CCV II ASSOCIATES L.P. *
-----------------------------------
Michael T. Fitzgerald
By: Commonwealth Venture Partners II L.P.
*
-----------------------------------
By: * Jeffrey M. Hurst
-----------------------------------
Michael T. Fitzgerald
General Partner
*
-----------------------------------
R. Stephen McCormack, Jr.
COMMONWEALTH CAPITAL VENTURES II L.P.
By: Commonwealth Venture Partners II L.P.
By: * *
----------------------------------- -----------------------------------
Michael T. Fitzgerald Robin S. Chandra
General Partner
COMMONWEALTH VENTURE PARTNERS II L.P.
By: *
-----------------------------------
Michael T. Fitzgerald
General Partner
* The undersigned, by signing his name below, does hereby sign this statement on
behalf of himself individually and as attorney-in-fact on behalf of the other
above indicated filers pursuant to Powers of Attorney which are attached
hereto as Exhibit 2 and incorporated herein by reference.
---------
/s/ Michael T. Fitzgerald
-----------------------------------
Individually and as Attorney-in-fact
Page 13 of 14 pages
<PAGE>
Exhibit 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints each and any of Michael T. Fitzgerald,
Jeffery M. Hurst, R. Stephen McCormack, Jr. and Robin S. Chandra, acting singly,
his true and lawful attorney-in-fact and agent, with full power of substitution
and resubstitution, for him and in his name, place and stead, in any and all
capacities (until revoked in writing) to sign any and all instruments,
certificates and documents required to be executed on behalf of himself pursuant
to sections 13 and 16 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and any and all regulations promulgated thereunder, and to file
the same, with all exhibits thereto, and any other documents in connection
therewith, with the Securities and Exchange Commission, and with any other
entity when and if such is mandated by the Exchange Act or by the By-laws of the
National Association of Securities Dealers, granting unto said attorney-in-fact
and agent full power and authority to do and perform each and every act and
thing requisite and necessary fully to all intents and purposes as he might or
could do in person thereby ratifying and confirming all that said
attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 9th day
of February, 2000.
/s/ Michael T. Fitzgerald
-------------------------------------
Michael T. Fitzgerald
/s/ Jeffrey M. Hurst
-------------------------------------
Jeffrey M. Hurst
/s/ R. Stephen McCormack, Jr.
-------------------------------------
R. Stephen McCormack, Jr.
/s/ Robin S. Chandra
-------------------------------------
Robin S. Chandra
Page 14 of 14 pages
