UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
CONTINENTAL INFORMATION SYSTEMS CORPORATION
(Name of Issuer)
COMMON STOCK $.01 PAR VALUE
(Title of Class of Securities)
211497102
(CUSIP Number)
DAVID M. GERSTEIN, ESQ.
GERSTEIN & CHURCHILL, P.C.
300 Park Avenue, 20th Fl., N.Y., N.Y. 10022 / (212) 223-0600
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
October 19, 1998
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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 filed 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 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 labilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP No. 211497102 13D Page 2 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OSCAR GRUSS & SON INCORPORATED
E.I.D. No 13-2913779
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK STATE
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
BD & CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 3 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EMANUEL GRUSS
S.S. No. ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
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
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 4 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIANE GRUSS
S.S. No ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
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
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 5 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HERMANN MERKIN
S.S. No. ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
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
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 6 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICHAEL ROSEN
S.S. No. ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
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
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 7 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LESLIE GRUSS
S.S. No. ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
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
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 8 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICHAEL SHAOUL
S.S. No. ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
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
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 9 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JULIUS S. ANREDER
S.S. No. ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
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
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 10 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DANIEL GOLDBERG
S.S. No. ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
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
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 11 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRANCIS J. DAVIS
S.S. No. ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
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
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 12 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EMANUEL GRUSS AND LESLIE GRUSS, TRUSTEES
FBO RIPTON PHILIP GRUSS ROSEN
EID NO. 13-6960809
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK STATE
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 13 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EMANUEL GRUSS AND LESLIE GRUSS, TRUSTEES
FBO MORGAN ALFRED GRUSS ROSEN
EID NO. 13-7012429
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK STATE
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 14 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EMANUEL GRUSS AND BRENDA GRUSS, TRUSTEES
FBO OREN ARTHUR GRUSS HIRSCH
EID NO. 13-6875251
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK STATE
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 15 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EMANUEL GRUSS AND BRENDA GRUSS, TRUSTEES
FBO JONATHAN OSCAR GRUSS HIRSCH
EID NO. 13-6960808
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK STATE
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 211497102 13D Page 16 of 30 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EMANUEL GRUSS AND BRENDA GRUSS, TRUSTEES
FBO LENI GRUSS HIRSCH
EID NO. 13-7067807
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF; See Item 3
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK STATE
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
See Item 5
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See Item 5
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
See Item 5
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
See Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 17 of 30 Pages
Item 1. Security and Issuer
The security and issuer are the same as previously reported, except that
the issuer's principal executive offices are now located at 45 Broadway, Suite
1105, New York, NY 10006.
Item 2. Identity and Background
All of the reporting persons listed in Item 5 below of this Amendment No. 7
have been previously identified as reporting persons in the Schedule 13D, as
amended, which has been filed previously, except that the following individuals
are included as additional reporting persons by reason of stock acquisitions by
them which are described in Item 3 :
NAME ADDRESS CITIZENSHIP
- ----------------- --------------------- -----------
Michael Shaoul 74 Broad Street U.S.
New York, NY 10004
Francis J. Davis 74 Broad Street U.S.
New York, NY 10004
Leslie Gruss 143 Avenue B U.S.
New York, NY 10009
Brenda Gruss 4901 Dorset Avenue U.S.
Chevy Chase, MD 20815
Michael Shaoul is a shareholder, director and officer (Executive
Vice-President and Chief Financial Officer) of one of the reporting persons,
Oscar Gruss & Son Inc. ("OGSI"). Francis J. Davis is the Executive
Vice-President -- Trading of OGSI. Leslie Gruss is a
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 18 of 30 Pages
shareholder of OGSI, the wife of another reporting person, Michael Rosen, and a
daughter of Emanuel Gruss and Riane Gruss, two other reporting persons. Brenda
Gruss is also a daughter of Emanuel Gruss and Riane Gruss.
As to the reporting persons previously identified, the following changes
have been effected: (i) Michael Rosen is a shareholder, director and the
President, Treasurer and Chief Executive Officer of OGSI; (ii) Emanuel Gruss is
no longer an officer of OGSI (although he remains a member of the Board of
Directors, and is the holder of more than 90% of the shares of its preferred
stock); (iii) Riane Gruss is no longer a director of OGSI; (iv) Julius Anreder,
a shareholder, director and officer of OGSI at the time of his death, passed
away on November 20, 1998; (v) Harvey Gelfenbein is not included as a reporting
person (either individually or in the previously reported capacity of co-trustee
of certain trusts for the benefit of Emanuel Gruss' grandchildren), because he
is no longer an officer, director or shareholder of OGSI, and he is no longer a
co-trustee with respect to such trusts. Succeeding to the positions of
co-trustees with respect to such trusts are Leslie Gruss, with respect to two of
such trusts, as identified below, and Brenda Gruss, with respect to three of
such trusts, as identified below.
During the last five years, none of the additional reporting persons
referred to above has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors); or, except as hereinafter described, was a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result thereof was or is
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 19 of 30 Pages
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.
Item 3. Source and Amount of Funds or Other Consideration
On October 19, 1998, the reporting persons purchased 300,209 shares of the
issuer's common stock as set forth in the following table:
NAME NO. OF SHARES PRICE
- --------------------------------------------------------------------------------
Emanuel Gruss 60,000 $75,000
- --------------------------------------------------------------------------------
Oscar Gruss & Son Inc. 65,209 $81,511.25
- --------------------------------------------------------------------------------
Michael Shaoul 10,000 $12,500
- --------------------------------------------------------------------------------
Francis J. Davis 10,000 $12,500
- --------------------------------------------------------------------------------
Daniel Goldberg 40,000 $50,000
- --------------------------------------------------------------------------------
Leslie Gruss 53,000 $66,250
- --------------------------------------------------------------------------------
Emanuel Gruss and Leslie 23,500 $29,375
Gruss as Trustees FBO
Ripton Philip Gruss Rosen
- --------------------------------------------------------------------------------
Emanuel Gruss and Leslie 23,500 $29,375
Gruss as Trustees FBO
Morgan Alfred Gruss Rosen
- --------------------------------------------------------------------------------
TOTAL 285,209 $356,511.25
Certain additional shares were acquired by certain of the reporting
persons, without any additional payment by them, as further distributions from
the issuer resulting from their previous acquisition of claims against the
issuer and certain affiliated companies in the bankruptcy proceeding described
in the Schedule 13D, as previously amended, and, in the
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 20 of 30 Pages
case of Michael Rosen, a portion of the shares so acquired without any
additional payment were received by him in consideration of his having advised
others concerning the purchase of such claims in such bankruptcy proceeding.
No portion of the funds or other consideration used by any of the reporting
persons to purchase any of the shares covered by this Amendment No. 7 was
borrowed.
Item 5. Interest in Securities of the Issuer
The following table sets forth the number of shares of the common stock of
the issuer which are beneficially owned by each reporting person and by all of
the reporting persons in the aggregate, as a group, together with the percentage
of such common stock beneficially owned by each reporting person and all
reporting persons in the aggregate as a group on the date hereof. Except for the
powers which Leslie Gruss (with respect to two trusts) and Brenda Gruss (with
respect to three trusts) share with Emanuel Gruss, as trustees of the trusts
described below, each reporting person has sole power to vote and dispose of the
shares of such common stock which are beneficially owned by such reporting
person.
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 21 of 30 Pages
<TABLE>
<CAPTION>
NAME NUMBER OF PERCENTAGE OF COMMON
SHARES STOCK BENEFICIALLY
BENEFICIALLY OWNED
OWNED --------------------
------------
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C>
Oscar Gruss & Son Inc. 531,505 (Note 1) 7.7%
- ---------------------------------------------------------------------------------------------------------
Emanuel Gruss 363,699 (Note 1) 5.2%
- ---------------------------------------------------------------------------------------------------------
Riane Gruss 100,000 (Note 1) 1.4%
- ---------------------------------------------------------------------------------------------------------
Hermann Merkin 166,227 (Note 1) 2.4%
- ---------------------------------------------------------------------------------------------------------
Michael Rosen 32,644 (Note 1) .5%
- ---------------------------------------------------------------------------------------------------------
Leslie Gruss 58,000 (Note 1) .8%
- ---------------------------------------------------------------------------------------------------------
Michael Shaoul 15,000 (Note 1) .2%
- ---------------------------------------------------------------------------------------------------------
Julius S. Anreder (Note 7) 10,000 (Note 1) .1%
- ---------------------------------------------------------------------------------------------------------
Daniel Goldberg 50,000 (Note 1) .7%
- ---------------------------------------------------------------------------------------------------------
Francis J. Davis 10,000 (Note 1) .1%
- ---------------------------------------------------------------------------------------------------------
Emanuel Gruss and Leslie Gruss as 65,381 (Note 1 & 2) .9%
Trustees FBO Ripton Philip GrussRosen
- ---------------------------------------------------------------------------------------------------------
Emanuel Gruss and Leslie Gruss as 61,293 (Note 1 & 3) .9%
Trustees FBO Morgan Alfred GrussRosen
- ---------------------------------------------------------------------------------------------------------
Emanuel Gruss and Brenda Gruss as 36,351 (Note 1&4) .5%
Trustees FBO Oren Arthur Gruss Hirsch
- ---------------------------------------------------------------------------------------------------------
Emanuel Gruss and Brenda Gruss as 32,264 (Note 1&5) .5%
Trustees FBO Jonathan Oscar Gruss
Hirsch
- ---------------------------------------------------------------------------------------------------------
Emanuel Gruss and Brenda Gruss as 12,500 (Note 6) .2%
Trustees FBO Leni Gruss Hirsch
- ---------------------------------------------------------------------------------------------------------
All of the Reporting Persons 1,544,864 22.3 %
in the Aggregate as a Group
- ---------------------------------------------------------------------------------------------------------
</TABLE>
Note 1: Of the shares beneficially owned by Rosen, a portion is being held by
OGSI for him and a portion is being held by OGSI for him in an account
which is maintained for Merkin. Rosen may be entitled to receive a
portion of the shares of Common Stock held by other Reporting Persons
depending on future events. See Item 6.
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 22 of 30 Pages
Note 2: Such shares are being held in trust for the benefit of Ripton Philip
Gruss Rosen by Emanuel Gruss and Leslie Gruss as trustees under a
trust agreement dated December 26, 1960. The trustees have the shared
power to vote and dispose of such shares.
Note 3: Such shares are being held in trust for the benefit of Morgan Alfred
Gruss Rosen by Emanuel Gruss and Leslie Gruss as trustees under a
trust agreement dated March 22, 1993. The trustees have the shared
power to vote and dispose of such shares.
Note 4: Such shares are being held in trust for the benefit of Oren Arthur
Gruss Hirsch by Emanuel Gruss and Brenda Gruss as trustees under a
trust agreement dated June 17, 1986. The trustees have the shared
power to vote and dispose of such shares.
Note 5: Such shares are being held in trust for the benefit of Jonathan Oscar
Gruss Hirsch by Emanuel Gruss and Brenda Gruss as trustees under a
trust agreement dated December 26, 1990. The trustees have the shared
power to vote and dispose of such shares.
Note 6: Such shares are being held in trust for the benefit of Leni Gruss
Hirsch by Emanuel Gruss and Brenda Gruss as Trustees under a trust
agreement dated June 9, 1995. The trustees have the shared power to
vote and dispose of such shares.
Note 7: Mr. Anreder passed away on November 20, 1998. As of the date of this
filing, no legal representative has been appointed.
During the past sixty days the following transactions in the common stock
of the issuer were effected by the following reporting persons in the over-
the-counter market:
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 23 of 30 Pages
<TABLE>
<CAPTION>
NAME OF REPORTING SHARES PRICE PER SHARE DATE OF
PERSON BOUGHT TRANSACTION
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Emanuel Gruss 60,000 $1.25 10/19/98
- -------------------------------------------------------------------------------------------------------------
Oscar Gruss & Son Inc. 65,209 $1.25 10/19/98
- -------------------------------------------------------------------------------------------------------------
Michael Shaoul 10,000 $1.25 10/19/98
- -------------------------------------------------------------------------------------------------------------
Frank Davis 10,000 $1.25 10/19/98
- -------------------------------------------------------------------------------------------------------------
Daniel Goldberg 40,000 $1.25 10/19/98
- -------------------------------------------------------------------------------------------------------------
Leslie Gruss 53,000 $1.25 10/19/98
- -------------------------------------------------------------------------------------------------------------
Emanuel Gruss and Leslie 23,500 $1.25 10/19/98
Gruss as Trustees FBO
Ripton Philip Gruss Rosen
- -------------------------------------------------------------------------------------------------------------
Emanuel Gruss and Leslie 23,500 $1.25 10/19/98
Gruss as Trustees FBO
Morgan Alfred Gruss Rosen
- -------------------------------------------------------------------------------------------------------------
TOTAL 285,209
- -------------------------------------------------------------------------------------------------------------
</TABLE>
In addition, on October 20, 1998, Oscar Gruss & Son Inc., a market maker
with respect to the issuer's common stock, sold 13,000 shares of such common
stock to another market maker at a price of $1 9/16 per share.
Item 7. Material To Be Filed as Exhibits
Addendum to Joint Filing Agreement under Section 13d-1(f) of the 34 Act
(Michael Shaoul)
Addendum to Joint Filing Agreement under Section 13d-1(f) of the 34 Act
(Francis J. Davis)
Addendum to Joint Filing Agreement under Section 13d-1(f) of the 34 Act
(Leslie Gruss)
Addendum to Joint Filing Agreement under Section 13d-1(f) of the 34 Act
(Brenda Gruss)
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 24 of 30 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true and complete.
Dated: November 23, 1998
Oscar Gruss & Son Incorporated
By: /s/ Michael Rosen
--------------------------
Michael Rosen, President
/s/ Michael Rosen
-------------------------------
Emanuel Gruss, by Michael Rosen
as Attorney-in-Fact
/s/ Michael Rosen
-------------------------------
Riane Gruss, by Michael Rosen
as Attorney-in-Fact
/s/ Michael Rosen
-------------------------------
Michael Rosen
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 25 of 30 Pages
SIGNATURES CONTINUED
--------------------
/s/ Michael Rosen
------------------------------------------------------------
Leslie Gruss, by Michael Rosen,
as Attorney-in-Fact
/s/ Michael Rosen
------------------------------------------------------------
Michael Shaoul, by Michael Rosen,
as Attorney-in-Fact
[signature not available: deceased, no legal representative]
------------------------------------------------------------
Julius S. Anreder
/s/ Daniel Goldberg
------------------------------------------------------------
Daniel Goldberg
/s/ Michael Rosen
------------------------------------------------------------
Francis J. Davis, by Michael Rosen,
as Attorney-in-Fact
/s/ Michael Rosen
------------------------------------------------------------
Emanuel Gruss and Leslie Gruss as Trustees
for the Benefit of Ripton Philip Gruss Rosen,
by Michael Rosen, as Attorney-in-Fact
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 26 of 30 Pages
SIGNATURES CONTINUED
/s/ Michael Rosen
----------------------------------------------
Emanuel Gruss and Leslie Gruss as Trustees
for the Benefit of Morgan Alfred Gruss Rosen,
by Michael Rosen, as Attorney-in-Fact
/s/ Michael Rosen
/s/ Brenda Gruss
----------------------------------------------
Emanuel Gruss, by Michael Rosen, as
Attorney-in-Fact, and Brenda Gruss, as
Trustees for the Benefit of Oren Arthur Gruss
Hirsch
/s/ Michael Rosen
/s/ Brenda Gruss
----------------------------------------------
Emanuel Gruss, by Michael Rosen, as
Attorney-in-Fact, and Brenda Gruss, as
Trustees for the Benefit of Jonathan Oscar
Gruss Hirsch
/s/ Michael Rosen
/s/ Brenda Gruss
----------------------------------------------
Emanuel Gruss, by Michael Rosen, as
Attorney-in-Fact, and Brenda Gruss, as
Trustees for the Benefit of Leni Gruss Hirsch,
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 27 of 30 Pages
ADDENDUM TO JOINT FILING AGREEMENT
This instrument constitutes an addendum to the Joint Filing Agreement dated
April 27, 1995 filed by the reporting persons named therein, as heretofore
supplemented by an Addendum dated December 20, 1995, and an Addendum dated
February 9, 1996. The undersigned, in accordance with the requirements of Rule
13d-1(f) under the Securities Exchange Act of 1934, as amended, does hereby also
agree to the joint filing by all persons named herein and all other reporting
persons (as defined in the Schedule 13D referred to below), of a statement on
Schedule 13D (including all amendments thereto) with respect to the common stock
of Continental Information Systems Corporation, par value $.01 per share, and to
the inclusion of this Agreement as an exhibit to such filing. This Agreement may
be executed in one or more counterparts, all of which taken together shall
constitute one and the same instrument.
IN WITNESS WHEREOF the undersigned hereby executes this Agreement this 23rd
day of November, 1998.
/s/ Michael Rosen
---------------------------------------
Francis J. Davis, by Michael Rosen, as
Attorney-in-Fact
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 28 of 30 Pages
ADDENDUM TO JOINT FILING AGREEMENT
This instrument constitutes an addendum to the Joint Filing Agreement dated
April 27, 1995 filed by the reporting persons named therein, as heretofore
supplemented by an Addendum dated December 20, 1995, and an Addendum dated
February 9, 1996. The undersigned, in accordance with the requirements of Rule
13d-1(f) under the Securities Exchange Act of 1934, as amended, does hereby also
agree to the joint filing by all persons named herein and all other reporting
persons (as defined in the Schedule 13D referred to below), of a statement on
Schedule 13D (including all amendments thereto) with respect to the common stock
of Continental Information Systems Corporation, par value $.01 per share, and to
the inclusion of this Agreement as an exhibit to such filing. This Agreement may
be executed in one or more counterparts, all of which taken together shall
constitute one and the same instrument.
IN WITNESS WHEREOF the undersigned hereby executes this Agreement this 23rd
day of November, 1998.
/s/ Michael Rosen
----------------------------------
Leslie Gruss, by Michael Rosen, as
Attorney-in-Fact
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 29 of 30 Pages
ADDENDUM TO JOINT FILING AGREEMENT
This instrument constitutes an addendum to the Joint Filing Agreement dated
April 27, 1995 filed by the reporting persons named therein, as heretofore
supplemented by an Addendum dated December 20, 1995, and an Addendum dated
February 9, 1996. The undersigned, in accordance with the requirements of Rule
13d-1(f) under the Securities Exchange Act of 1934, as amended, does hereby also
agree to the joint filing by all persons named herein and all other reporting
persons (as defined in the Schedule 13D referred to below), of a statement on
Schedule 13D (including all amendments thereto) with respect to the common stock
of Continental Information Systems Corporation, par value $.01 per share, and to
the inclusion of this Agreement as an exhibit to such filing. This Agreement may
be executed in one or more counterparts, all of which taken together shall
constitute one and the same instrument.
IN WITNESS WHEREOF the undersigned hereby executes this Agreement this 23rd
day of November, 1998.
/s/ Michael Rosen
------------------------------------
Michael Shaoul, by Michael Rosen, as
Attorney-in-Fact
<PAGE>
SCHEDULE 13D
CUSIP No. 211497102 Page 30 of 30 Pages
ADDENDUM TO JOINT FILING AGREEMENT
This instrument constitutes an addendum to the Joint Filing Agreement dated
April 27, 1995 filed by the reporting persons named therein, as heretofore
supplemented by an Addendum dated December 20, 1995, and an Addendum dated
February 9, 1996. The undersigned, in accordance with the requirements of Rule
13d-1(f) under the Securities Exchange Act of 1934, as amended, does hereby also
agree to the joint filing by all persons named herein and all other reporting
persons (as defined in the Schedule 13D referred to below), of a statement on
Schedule 13D (including all amendments thereto) with respect to the common stock
of Continental Information Systems Corporation, par value $.01 per share, and to
the inclusion of this Agreement as an exhibit to such filing. This Agreement may
be executed in one or more counterparts, all of which taken together shall
constitute one and the same instrument.
IN WITNESS WHEREOF the undersigned hereby executes this Agreement this 20th
day of November, 1998.
/s/ Brenda Gruss
-----------------------
Brenda Gruss
