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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Intrenet Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
461190100
(CUSIP Number)
Benjamin L. Douglas, Esq.
Shartsis Friese & Ginsburg LLP
One Maritime Plaza, 18th Floor
San Francisco, CA 94111
(415) 421-6500
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 29, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check
the following box / /.
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
SEC 1746 (10-97)
<PAGE>
CUSIP No. 461190100 Page 2 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Vincent Andrew Carrino
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, PF
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 83,800
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 4,096,833
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 83,800
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,236,233
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,320,033
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.9
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 461190100 Page 3 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Brookhaven Capital Management, LLC
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 4,038,633
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,038,633
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,038,633
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.8
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO, IA
<PAGE>
CUSIP No. 461190100 Page 4 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Brookhaven Capital Management Co., Ltd.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---------------------------------------------------------------------------
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
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 58,200
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
58,200
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,200
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, IA
<PAGE>
CUSIP No. 461190100 Page 5 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Watershed Partners, L.P.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,421,253
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,421,253
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,421,253
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.5
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
<PAGE>
CUSIP No. 461190100 Page 6 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Piton Partners, L.P.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 250,010
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
250,010
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,010
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
<PAGE>
CUSIP No. 461190100 Page 7 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Watershed (Cayman) Ltd.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,121,850
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,121,850
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,121,850
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
<PAGE>
CUSIP No. 461190100 Page 8 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Robert B. Fagenson
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 52,000
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 25,000
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 52,000
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
25,000
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,000
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/X/
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 461190100 Page 9 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Gerald Anthony Ryan
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 155,000
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 155,000
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
155,000
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/X/
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 461190100 Page 10 of 14 Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock (the "Stock") of Intrenet
Inc. (the "Issuer"). The principal executive office of the Issuer is
located at 400 TechneCenter Drive, Suite 200, Milford, OH 45150.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement and the persons enumerated in Instruction
C of Schedule 13D and, where applicable, their respective places of
organization, general partners, directors, executive officers and
controlling persons, and the information regarding them, are as follows:
(a) Brookhaven Capital Management Co., Ltd. ("BCM Co."), Brookhaven
Capital Management, LLC ("BCM, LLC"), Vincent Andrew Carrino ("Carrino"),
Watershed Partners, L.P. ("WP"), Piton Partners, L.P. ("PP"), Watershed
(Cayman) Ltd. ("WCL"), Robert B. Fagenson ("Fagenson") and Gerald Anthony
Ryan ("Ryan") (collectively, the "Filers").
(b) The business address of BCM Co., BCM, LLC, Carrino, WP and PP is
3000 Sandhill Road, Building 3, Suite 105, Menlo Park, CA 94025. The
business address of WCL is c/o Hemisphere Fund Managers Limited, 3rd Floor,
Harbour Centre, P.O. Box 30362, SMB, George Town, Cayman Islands. The
business address of Fagenson is 19 Rector Street, New York, NY 10006. The
business address of Ryan is 3230 W. Lake Road, Erie, PA 16505.
(c) Carrino is the president and sole shareholder of BCM Co. and the
manager and principal member of BCM, LLC. Fagenson is the chairman of
Fagenson & Company, Inc., a registered broker-dealer. Ryan is the chairman
of Rent-Way, Inc. See Item 6 for an additional description of the
relationships among the Filers.
(d) During the last five years, none of the Filers has been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of the Filers was a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) Carrino, Fagenson and Ryan are citizens of the United States of
America. BCM Co. is a New York corporation. BCM, LLC is a California
limited liability company. WP and PP are Delaware limited partnerships.
WCL is a Cayman Islands exempted company.
<PAGE>
CUSIP No. 461190100 Page 11 of 14 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of funds used in purchasing the Stock were as
follows:
Purchaser Source of Funds Amount
BCM, LLC Funds under Management* $11,125,247
BCM Co. Working Capital $ 159,346
WP Working Capital $ 3,922,403
PP Working Capital $ 688,811
WCL Working Capital $ 3,112,957
Carrino Personal Funds $ 212,262
Carrino Affiliate $ 408,604
Fagenson Personal Funds $ 213,715
Ryan Personal Funds $ 426,250
*Includes funds of WP, PP, WCL and other advisory clients used to purchase
the Stock.
ITEM 4. PURPOSE OF TRANSACTION.
The Filers have discussed, and intend to continue to discuss, with
management and members of the Board of Directors of the Issuer, the
strategies the Issuer plans to employ to maximize shareholder value,
including, but not limited to, the composition of the Issuer's Board of
Directors, corporate acquisitions and expansion of its existing
operations.
The Filers have communicated with members of the Issuer's Board of
Directors, including its Chairman, the Filers' views as to the merits of
changes in the makeup of the Issuer's current Board of Directors. The
Filers believe that active independent directors with a long-term
strategic view of maximizing shareholder value will provide useful
guidance to the Issuer's management. As part of the Filers' desire to
strengthen the composition of the Issuer's Board of Directors, the Filers
intend to support the election of Carrino, Fagenson and Ryan as
independent directors, and election of Fagenson as Chairman of the Board.
The Filers may seek a special shareholders meeting, for the purpose of
electing a new slate of Directors, prior to the Issuer's next annual
shareholder meeting.
The Filers have also been in contact, and may continue to be in contact,
with other significant shareholders of the Issuer regarding the above-
mentioned matters. The Filers may buy or sell additional shares of Stock
in the open market from time to time.
<PAGE>
CUSIP No. 461190100 Page 12 of 14 Pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The beneficial ownership of the Stock by each Filer at the date hereof is
reflected on that Filer's cover page. The Filers have effected the
following open market transaction in the Stock since January 7, 1999:
Purchase Number Price
Name or Sale Date of Shares per Share
WP P 1/8/99 3,300 $3.25
Carrino P 1/8/99 8,000 $3.4353
Carrino P 1/8/99 8,000 $3.4353
Carrino P 1/8/99 7,000 $3.4354
Carrino P 1/8/99 7,000 $3.4354
WP P 1/15/99 7,100 $3.625
WP P 1/20/99 12,400 $4.00
Carrino P 1/20/99 4,500 $4.1331
Carrino P 1/20/99 3,000 $4.1333
Carrino P 1/21/99 1,000 $4.0546
Carrino P 1/21/99 2,000 $4.0534
WCL P 1/22/99 5,000 $4.00
BCM, LLC P 1/25/99 2,500 $3.875
WCL P 1/25/99 15,000 $4.00
WCL P 1/26/99 8,000 $3.9766
WP P 1/27/99 9,700 $4.1379
BCM, LLC P 1/28/99 2,000 $4.125
WP P 1/28/99 5,000 $4.1625
WP P 1/29/99 10,000 $4.1875
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
BCM, LLC is a registered investment adviser whose clients, including WP, PP
and WCL, have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the Stock. BCM, LLC is
the general partner of WP and PP, which are investment limited
partnerships. Carrino is the sole shareholder of BCM Co. and the sole
manager and majority member of BCM, LLC. No single client of BCM, LLC,
other than WP and WCL, holds more than 5 percent of the Stock.
The Filers have agreed to vote their shares of the Stock in support of the
policies and plans discussed in Item 4.
<PAGE>
CUSIP No. 461190100 Page 13 of 14 Pages
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G
(previously filed).
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I certify
that the information set forth in this statement is true, complete and
correct.
DATED: February 4, 1999
BROOKHAVEN CAPITAL MANAGEMENT /s/ Vincent Andrew Carrino
CO., LTD. Vincent Andrew Carrino
By: /s/ Vincent Andrew Carrino /s/ Robert B. Fagenson
Vincent Andrew Carrino Robert B. Fagenson
President
BROOKHAVEN CAPITAL MANAGEMENT, LLC /s/ Gerald Anthony Ryan
Gerald Anthony Ryan
By: /s/ Vincent Andrew Carrino
Vincent Andrew Carrino
Manager WATERSHED (CAYMAN) LTD.
WATERSHED PARTNERS, L.P. By: Brookhaven Capital
Management, LLC
By: Brookhaven Capital Management, LLC Attorney-in-Fact
General Partner By: /s/ Vincent Andrew Carrino
By: /s/ Vincent Andrew Carrino Vincent Andrew Carrino
Vincent Andrew Carrino Manager
Manager
PITON PARTNERS, L.P.
By: Brookhaven Capital Management, LLC
General Partner
By: /s/ Vincent Andrew Carrino
Vincent Andrew Carrino
Manager
<PAGE>
CUSIP No. 461190100 Page 14 of 14 Pages
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and Exchange
Commission (the "SEC") any and all statements on Schedule 13D or Schedule
13G (and any amendments or supplements thereto) required under section
13(d) of the Securities Exchange Act of 1934, as amended, in connection
with purchases by the undersigned of Common Stock of Intrenet Inc. For
that purpose, the undersigned hereby constitute and appoint Brookhaven
Capital Management, LLC, a California limited liability company, as their
true and lawful agent and attorney-in-fact, with full power and authority
for and on behalf of the undersigned to prepare or cause to be prepared,
sign, file with the SEC and furnish to any other person all certificates,
instruments, agreements and documents necessary to comply with section
13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended,
in connection with said purchases, and to do and perform every act
necessary and proper to be done incident to the exercise of the foregoing
power, as fully as the undersigned might or could do if personally present.
DATED: January 8, 1999
BROOKHAVEN CAPITAL MANAGEMENT /s/ Vincent Andrew Carrino
CO., LTD. Vincent Andrew Carrino
By: /s/ Vincent Andrew Carrino /s/ Robert B. Fagenson
Vincent Andrew Carrino Robert B. Fagenson
President
BROOKHAVEN CAPITAL MANAGEMENT, LLC /s/ Gerald Anthony Ryan
Gerald Anthony Ryan
By: /s/ Vincent Andrew Carrino
Vincent Andrew Carrino
Manager WATERSHED (CAYMAN) LTD.
WATERSHED PARTNERS, L.P. By: Brookhaven Capital
Management, LLC
By: Brookhaven Capital Management, LLC Attorney-in-Fact
General Partner By: /s/ Vincent Andrew Carrino
By: /s/ Vincent Andrew Carrino Vincent Andrew Carrino
Vincent Andrew Carrino Manager
Manager
PITON PARTNERS, L.P.
By: Brookhaven Capital Management, LLC
General Partner
By: /s/ Vincent Andrew Carrino
Vincent Andrew Carrino
Manager
4193\017\1024791.01
