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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Zitel Corporation
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
989913-10-8
(CUSIP Number)
*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>
CUSIP No. 989913-10-8 13G Page 2 of 19 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oxford Venture Fund Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Less than 5%
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH Less than 5%
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Less than 5%
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 989913-10-8 13G Page 3 of 19 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oxford Offshore Venture Fund Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Less than 5%
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH Less than 5%
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Less than 5%
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 989913-10-8 13G Page 4 of 19 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oxford Venture Fund II Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Less than 5%
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH Less than 5%
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Less than 5%
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 989913-10-8 13G Page 5 of 19 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oxford Partners
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Less than 5%
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH Less than 5%
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Less than 5%
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 989913-10-8 13G Page 6 of 19 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oxford Partners II
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Less than 5%
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH Less than 5%
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Less than 5%
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 989913-10-8 13G Page 7 of 19 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth W. Rind
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Less than 5%
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH Less than 5%
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Less than 5%
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 989913-10-8 13G Page 8 of 19 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cornelius T. Ryan
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Less than 5%
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH Less than 5%
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Less than 5%
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 989913-10-8 13G Page 9 of 19 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stevan A. Birnbaum
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Less than 5%
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH Less than 5%
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Less than 5%
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Item 1(a). Name of Issuer: Zitel Corporation (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
47211 Bayside Parkway, Freemont, California 94538-6517.
Item 2(a) Names of Persons Filing: Oxford Venture Fund Limited
Partnership ("Oxford Fund I"); Oxford Offshore Venture Fund
Limited Partnership ("Oxford Offshore"); Oxford Venture Fund
II Limited Partnership ("Oxford Fund II"); Oxford Partners, a
Connecticut general partnership which is the general partner
of Oxford Fund I and Oxford Offshore; Oxford Partners II, a
Connecticut general partnership which is the general partner
of Oxford Fund II; and Kenneth W. Rind, Cornelius T. Ryan; and
Stevan A. Birnbaum, who are each partners in Oxford Partners
and Oxford Partners II. Each of the foregoing persons or
entities is referred to herein individually as a "Reporting
Person" or collectively as the "Reporting Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of Oxford Fund I,
Oxford Offshore, Oxford Fund II, Oxford Partners, Oxford
Partners II and Messrs. Rind and Ryan is 315 Post Road West,
Westport, CT 06880. The address of the principal business
office of Mr. Birnbaum is 17308 Avenida De La Herradura,
Pacific Palisades, CA 90272-4224.
Item 2(c). Citizenship: Oxford Fund I, Oxford Offshore, Oxford Fund II,
Oxford Partners, and Oxford Partners II are limited
partnerships organized under the laws of the State of
Connecticut. Each of Messrs. Rind, Ryan and Birnbaum is a
United States citizen.
Item 2(d). Title of Class of Securities: Common Stock, no par value
("Common Stock").
Item 2(e). CUSIP Number: 989913-10-8.
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of
the Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940.
Page 10 of 19 Pages
<PAGE>
(e) [ ] Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Rule
13d-1(b)(1)(ii)(F) of the Act.
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of
the Act.
Not applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned: Less than 5%. By virtue of their
relationship as affiliated limited partnerships whose sole
general partners share individual general partners, Oxford Fund I
and Oxford Offshore may be deemed to share voting power and the
power to direct the disposition of the shares of Common Stock
that each of them owns of record. As sole general partner of
Oxford Fund I and Oxford Offshore, Oxford Partners I may be
deemed to own beneficially all of the shares of Common Stock
owned beneficially by both Oxford Fund I and Oxford Offshore. As
sole general partner of Oxford Fund II , Oxford Partners II may
be deemed to own beneficially all of the shares of Common Stock
owned beneficially by Oxford Fund II. As individual general
partners of both Oxford Fund I and Oxford Fund II, each of
Messrs. Rind, Ryan and Birnbaum may be deemed to own beneficially
the shares owned beneficially by both Oxford Fund I and Oxford
Fund II.
(b) Percent of Class: Less than 5%. The foregoing percentage is
calculated based on the 14,906,678 shares of Common Stock
reported to be outstanding in the Annual Report on Form 10-K of
Zitel Corporation for the year ended September 30, 1996.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: Less than 5%.
(ii) shared power to vote or to direct the vote: Less than 5%.
(iii) sole power to dispose or to direct the disposition of: Less
than 5%.
(iv) shared power to dispose or to direct the disposition of:
Less than 5%.
Page 11 of 19 Pages
<PAGE>
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 Reportedon by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable. Oxford Fund I, Oxford Offshore, Oxford Partners I,
Oxford Fund II, Oxford Partners II and Messrs. Rind, Ryan and
Birnbaum expressly disclaim membership in a "group" as defined in
Rule 13d-1(b)(ii)(H).
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
Page 12 of 19 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct. We also hereby agree to file this statement jointly pursuant to the
agreement set forth as Exhibit 1 hereto.
Dated: February 12, 1997
OXFORD VENTURE FUND LIMITED PARTNERSHIP
By: Oxford Partners, its general partner
By: /s/ Cornelius T. Ryan
---------------------------
Cornelius T. Ryan
General Partner
OXFORD OFFSHORE VENTURE FUND LIMITED PARTNERSHIP
By: Oxford Partners, its general partner
By: /s/ Cornelius T. Ryan
---------------------------
Cornelius T. Ryan
General Partner
OXFORD VENTURE FUND II LIMITED PARTNERSHIP
By: Oxford Partners II, its general partner
By: /s/ Cornelius T. Ryan
---------------------------
Cornelius T. Ryan
General Partner
Page 13 of 19 Pages
<PAGE>
OXFORD PARTNERS
By: /s/ Cornelius T. Ryan
--------------------------
Cornelius T. Ryan
General Partner
OXFORD PARTNERS II
By: /s/ Cornelius T. Ryan
--------------------------
Cornelius T. Ryan
General Partner
/s/ Cornelius T. Ryan
- ------------------------------------
Cornelius T. Ryan
*
- ------------------------------------
Kenneth W. Rind
*
- ------------------------------------
Stevan A. Birnbaum
*By: /s/ Cornelius T. Ryan
---------------------------
Cornelius T. Ryan
Attorney-in-Fact
*This Schedule 13G was executed by Cornelius T. Ryan pursuant to a Power of
Attorney which was previously filed with the Securities and Exchange Commission
as Exhibit 2 to a Schedule 13G for Genetic Therapy, Inc. on February 11, 1992, a
copy of which is attached hereto as Exhibit 2.
Page 14 of 19 Pages
<PAGE>
Exhibit 1
AGREEMENT
Pursuant to Rule 13d-1(f)(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 Zitel Corporation.
This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original.
EXECUTED this 12th day of February, 1997.
OXFORD VENTURE FUND LIMITED PARTNERSHIP
By: Oxford Partners, its general partner
By: /s/ Cornelius T. Ryan
-------------------------------
Cornelius T. Ryan
General Partner
OXFORD OFFSHORE VENTURE FUND LIMITED PARTNERSHIP
By: Oxford Partners, its general partner
By: /s/ Cornelius T. Ryan
-------------------------------
Cornelius T. Ryan
General Partner
OXFORD VENTURE FUND II LIMITED PARTNERSHIP
By: Oxford Partners II, its general partner
By: /s/ Cornelius T. Ryan
-------------------------------
Cornelius T. Ryan
General Partner
Page 15 of 19 Pages
<PAGE>
OXFORD PARTNERS
By: /s/ Cornelius T. Ryan
-----------------------------
Cornelius T. Ryan
General Partner
OXFORD PARTNERS II
By: /s/ Cornelius T. Ryan
-----------------------------
Cornelius T. Ryan
General Partner
/s/ Cornelius T. Ryan
- --------------------------------------
Cornelius T. Ryan
*
- --------------------------------------
Kenneth W. Rind
*
- --------------------------------------
Stevan A. Birnbaum
*By: /s/ Cornelius T. Ryan
------------------------
Cornelius T. Ryan
Attorney-in-Fact
*This Schedule 13G was executed by Cornelius T. Ryan pursuant to a Power of
Attorney which was previously filed with the Securities and Exchange Commission
as Exhibit 2 to a Schedule 13G for Genetic Therapy, Inc. on February 11, 1992, a
copy of which is attached hereto as Exhibit 2.
Page 16 of 19 Pages
<PAGE>
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Cornelius T. Ryan 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 as an
individual or, in his capacity as a general partner, on behalf of each or any of
Oxford Partners, Oxford Partners II, Oxford Partners III, Limited Partnership
and Oxford Partners III-A, Limited Partnership pursuant to Section 13(d) and
Section 13(g) 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, 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 7th
day of February, 1992.
/s/ Kenneth W. Rind
---------------------------------
Kenneth W. Rind
State of CT )
) ss:
County of Fairfield )
On this 7th day of February, 1992, before me personally came Kenneth W.
Rind, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[NOTARY SEAL] /s/ Fredericke Balel
---------------------------------
Notary Public
My commission expires: March 31, 1995
Page 17 of 19 Pages
<PAGE>
/s/ Stevan A. Birnbaum
---------------------------------
Stevan A. Birnbaum
State of CT )
) ss:
County of Fairfield )
On this 5th day of February, 1992, before me personally came Stevan A.
Birnbaum, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[NOTARY SEAL] /s/ Fredericke Balel
-----------------------------------
Notary Public
My commission expires: March 31, 1995
/s/ William R. Lonergan
-----------------------------------
William R. Lonergan
State of CT )
) ss:
County of Fairfield )
On this 7th day of February, 1992, before me personally came William R.
Lonergan, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[NOTARY SEAL] /s/ Fredericke Balel
-----------------------------------
Notary Public
My commission expires: March 31, 1995
Page 18 of 19 Pages
<PAGE>
/s/ Alan G. Walton
-----------------------------------
Alan G. Walton
State of CT )
) ss:
County of Fairfield )
On this 7th day of February, 1992, before me personally came Alan G.
Walton, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[NOTARY SEAL] /s/ Fredericke Balel
-----------------------------------
Notary Public
My commission expires: March 31, 1995
Page 19 of 19 Pages
