SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)*
FIND/SVP, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.0001 PER SHARE
(Title of Class of Securities)
317718302000
(CUSIP Number)
Brian P. Friedman
Furman Selz SBIC L.P.
55 East 52nd Street
New York, New York 10055-0002
(212) 409-5600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 8, 2000
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 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).
<PAGE>
SCHEDULE 13D
- ------------------------------------- ------------------------------
CUSIP No. 317718302000 Page 2
- ------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Furman Selz SBIC L.P. 13-3756825
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
/ / (a)
/ / (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
BENEFICIALLY 798,055 shares of Common Stock
OWNED BY ---------------------------------------------------
EACH
REPORTING
PERSON WITH 8 SHARED VOTING POWER
0 shares of Common Stock
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
798,055 shares of Common Stock
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares of Common Stock
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
- ------------------------------------- ------------------------------
CUSIP No. 317718302000 Page 3
- ------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Furman Selz SBIC Investments LLC 13-3863604
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
/ / (a)
/ / (b)
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
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
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY 0 shares of Common Stock
EACH
REPORTING
PERSON WITH -------------------------------------------------
8 SHARED VOTING POWER
798,055 shares of Common Stock
-------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
- ------------------------------------- ------------------------------
CUSIP No. 317718302000 Page 4
- ------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Furman Selz Investments LLC 13-3863171
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
/ /(a)
/ /(b)
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
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
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY 0 shares of Common Stock
EACH
REPORTING
PERSON WITH -----------------------------------------
8 SHARED VOTING POWER
798,055 shares of Common Stock
-----------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
-----------------------------------------
10 SHARED DISPOSITIVE POWER
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
- ------------------------------------- ------------------------------
CUSIP No. 317718302000 Page 5
- ------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING Furman Selz Asset Management LLC 13-4038444
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
/ / (a)
/ / (b)
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
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
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY 0 shares of Common Stock
EACH
REPORTING
PERSON WITH -----------------------------------------------
8 SHARED VOTING POWER
798,055 shares of Common Stock
-----------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
-----------------------------------------------
10 SHARED DISPOSITIVE POWER
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
- ------------------------------------- ------------------------------
CUSIP No. 317718302000 Page 6
- ------------------------------------- ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING (U.S.) Financial Holdings, Inc. 51-0262561
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
/ / (a)
/ / (b)
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
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
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY 0 shares of Common Stock
EACH
REPORTING
PERSON WITH --------------------------------------------
8 SHARED VOTING POWER
798,055 shares of Common Stock
-------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
-------------------------------------------
10 SHARED DISPOSITIVE POWER
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
- ------------------------------------- ------------------------------
CUSIP No. 317718302000 Page 7
- ------------------------------------- -----------------------------
- ------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING BANK N.V.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
/ /(a)
/ /(b)
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares of Common Stock
OWNED BY
EACH
REPORTING
PERSON WITH ------------------------------------------------
8 SHARED VOTING POWER
798,055 shares of Common Stock
------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
------------------------------------------------
10 SHARED DISPOSITIVE POWER
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BK
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
- ------------------------------------- ------------------------------
CUSIP No. 317718302000 Page 8
- ------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING GROEP N.V.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
/ / (a)
/ / (b)
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY 0 shares of Common Stock
EACH
REPORTING
PERSON WITH
------------------------------------------------
8 SHARED VOTING POWER
798,055 shares of Common Stock
------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
------------------------------------------------
10 SHARED DISPOSITIVE POWER
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
798,055 shares of Common Stock
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IC
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
The Statement on Schedule 13D, filed on November 12, 1996 (the "Schedule 13D")
with respect to the shares of common stock, par value $0.0001 per share ("Common
Stock"), of FIND/SVP, Inc., a New York corporation (the "Company"), is hereby
amended, supplemented and restated as set forth below.
ITEM 1. SECURITY AND ISSUER.
This statement on Schedule 13D, Amendment No. 1, relates to the Common
Stock of the Company.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended and restated as follows:
This Statement is being filed on behalf of Furman Selz SBIC L.P.
("Furman Selz SBIC"), Furman Selz SBIC Investments LLC ("FS SBIC Investments"),
Furman Selz Investments LLC ("FS Investments"), ING Furman Selz Asset Management
LLC ("ING FS Management"), ING (U.S.) Financial Holdings, Inc. ("ING (U.S.)
Financial Holdings"), ING Bank N.V. ("ING Bank") and ING Groep N.V. ("ING
Groep") (collectively, the "Reporting Persons").
ING Groep owns 100% of ING Bank, which owns 100% of ING (U.S.)
Financial Holdings, which owns 100% and is the Managing Member of ING FS
Management, which owns 100% and is the Managing Member of FS Investments, which
owns 100% and is the Managing Member of FS SBIC Investments, which is the
General Partner of Furman Selz SBIC.
The following table provides certain information about each of the
Reporting Persons.
<TABLE>
<CAPTION>
Citizenship or State of Principal Occupation OR
NAME AND ADDRESS INCORPORATION/ORGANIZATION BUSINESS
Furman Selz SBIC
<S> <C> <C>
55 East 52nd Street Delaware Small Business Investment
New York, NY 10055-0002 Company
FS SBIC Investments
55 East 52nd Street Delaware Holding Company
New York, NY 10055-0002
FS Investments
55 East 52nd Street Delaware Holding Company
New York, NY 10055-0002
ING FS Management
230 Park Avenue Delaware Holding Company
New York, NY 10169
ING (U.S.) Financial Holdings
135 East 57th Street Delaware Holding Company
New York, NY 10022
ING Bank
P.O. Box 810 The Netherlands Bank
1000 AV
Amsterdam, The Netherlands
ING Groep
Strawinskylaan 2631 The Netherlands Insurance Company
1077 ZZ
Amsterdam, The Netherlands
</TABLE>
The name, business address, present principal occupation and
citizenship of each executive officer and director of FS SBIC Investments and FS
Investments are set forth on Appendixes A and B respectively on the Schedule
13D.
The directors and executive officers of ING FS Management are the
following:
Timothy Schantz President
Edmund A. Hajim CEO
Robert Miller Executive Vice President & CFO
Kevin Cassidy Executive Vice President
Gerald Lins General Counsel
Joseph Kaminsky Senior Vice President
Wendy Prager Vice President and Assistant Secretary
Benjamin Emanuel Vice President
David Rutkin Vice President
The directors and executive officers of ING (U.S.) Financial Holdings
are the following:
Directors:
Michael Petrycki
Wietze Prinsen
Bart Staal
Officers:
Fernando Gentil President
Bart Staal Executive Vice President
Joseph Kaminsky Senior Vice President
Benjamin Emanuel Vice President
David Rutkin Vice President
Andrew S. Durch General Counsel, Secretary and Manading Director
Mark Seffinger Assistant General Counsel and Assistant Secretary
Patrick Murphy Assistant Secretary
Edward Chow Assistant Secretary
The Executive Board of ING Bank is the following:
E. Kist Chairman
C. Maas Chief Financial Officer
M. Tilmant Vice Chairman
F.S. Hubbel
J.M.H. Lindenbergh
A.H.G. Rinnoy Kan
D. Robbins
The Executive Board of ING Groep is the following:
E. Kist Chairman
C. Maas Chief Financial Officer
M. Tilmant Vice Chairman
F.S. Hubbel
J.M.H. Lindenbergh
A.H.G. Rinnoy Kan
D. Robbins
(d) and (e). None of the Reporting Persons, and to the knowledge of
the Reporting Persons, none of the other individuals named have, within the last
five years, been convicted in criminal proceeding (excluding traffic violations
or similar misdemeanors), or have been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding been or are 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 violations with respect to
such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS.
Item 3 is hereby amended to add the following thereto:
As of November 12, 1996 (the date of the Schedule 13D), Furman Selz
SBIC benefically owned 900,000 shares of Common Stock. Furman Selz SBIC did not
exercise its option to purchase additional warrants prior to December 31, 1997
and thus beneficially owned 900,000 shares of Common Stock as of that date. From
January 12, 2000 through February 11, 2000, Furman Selz SBIC sold an aggregate
of 101,945 shares of Common Stock for a net price of $311,858.68.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended to add the following thereto:
As of November 5, 1999, the Company had 7,121,919 shares of Common
Stock outstanding.
(a) As of the date of this Statement, Furman Selz SBIC is the direct
beneficial owner of 798,055 shares of Common Stock, or 9.9% of 8,021,919 shares
of Common Stock (which includes the 7,121,919 shares of Common Stock outstanding
on November 5, 1999 and the 900,000 shares of Common Stock beneficially owned by
Furman Selz SBIC on November 5, 1999).
(b) FS SBIC Investments, in its capacity as General Partner of Furman
Selz SBIC, and each of FS Investments, ING FS Management, ING (U.S.) Financial
Holdings, ING Bank and ING Groep, in their capacities as 100% shareholders of
Reporting Persons, may be deemed to own beneficially (as defined in Rule 13d-3
promulgated under the Securities Act, as amended) the Common Stock owned by
Furman Selz SBIC. Each of such persons disclaims beneficial ownership of such
shares except to the extent of its pecuniary interest therein. In addition, each
of such persons may be deemed to share with Furman Selz SBIC the power to vote
or direct the vote and dispose or to direct the disposition of the shares owned
beneficially by Furman Selz SBIC.
(c) Schedule A hereto describes transactions in the Common Stock
effected during the 60 days preceeding February 8, 2000 and subsequently to the
date hereto.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Item 6 is hereby amended and restated as follows:
Except as described in Item 3, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the Reporting Persons
and between such persons and any person with respect to any Common Stock of the
Company including, but not limited to, transfer or voting of any of the Common
Stock of the Company, finders' fees, joint ventures, loan or option agreements,
puts or calls, guarantees of profits, divisions of profits or loss, or the
giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Item 7 of the Schedule 13D is hereby amended to read as follows:
1. Joint Reporting Agreement and Power of Attorney executed by each of
the Reporting Persons.
<PAGE>
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2000
FURMAN SELZ SBIC L.P.
By: /s/ Brian P. Friedman
Name: Brian P. Friedman
Title: President of General Partner
FURMAN SELZ SBIC INVESTMENTS LLC
By: /s/ Brian P. Friedman
Name: Brian P. Friedman
Title: President
FURMAN SELZ INVESTMENTS LLC
By: /s/ Brian P. Friedman
Name: Brian P. Friedman
Title: President
ING FURMAN SELZ ASSET MANAGEMENT LLC
By: /s/ Robert Miller
Name: Robert Miller
Title: Executive Vice-President
ING (U.S.) FINANCIAL HOLDINGS, INC.
By: /s/ Robert Miller
Robert Miller, under Power of Attorney
ING BANK N.V.
By: /s/ Robert Miller
Robert Miller, under Power of Attorney
ING GROEP N.V.
By: /s/ Robert Miller
Robert Miller, under Power of Attorney
<PAGE>
JOINT REPORTING AGREEMENT
AND
POWER OF ATTORNEY
WHEREAS, the statement or amended statement of Schedule 13D (the
"Joint Statement") to which this joint reporting agreement and power of attorney
(the "Agreement") is an exhibit is being filed on behalf of two or more persons
(collectively, the "Reporting Persons"); and
WHEREAS, the Reporting Persons prefer to file the Joint Statement on
behalf of all of the Reporting Persons rather than individual statements on
Schedule 13D/A on behalf of each of the Reporting Persons;
NOW THEREFORE, the undersigned hereby agree as follows with each of
the other Reporting Persons:
1. Each of the Reporting Persons is responsible for the timely filing
of the Joint Statement and any amendments thereto.
2. Each of the Reporting Persons is responsible for the completeness
and accuracy of the information concerning such Reporting Person contained in
the Joint Statement.
3. None of the Reporting Persons is responsible for the completeness
or accuracy of the information concerning the other Reporting Persons contained
in the Joint Statement, unless such Reporting Person knows or has reason to
believe that such information is inaccurate.
4. The undersigned agrees that the Joint Statement is, and any
amendment thereto will be, filed on behalf of each of the Reporting Persons.
5. Each of Furman Selz SBIC, L.P., Furman Selz SBIC Investments LLC
and Furman Selz Investments LLC hereby appoints Brian P. Friedman and James L.
Luikart, and each of them individually, as attorneys-in-fact with authority to
execute and deliver on behalf of it any and all documents (including any
amendments thereto) required to be filed or otherwise executed and delivered by
it pursuant to the Securities Exchange Act of 1934, as amended, the Securities
Act of 1933, as amended, all other federal, state and local securities and
corporation laws, and all regulations promulgated thereunder.
6. Each of ING Furman Selz Asset Management LLC, ING (U.S.) Financial
Holdings, Inc., ING Bank N.V. and ING Groep N.V. hereby appoints Robert Miller
as attorney-in-fact with authority to execute and deliver on behalf of it any
and all documents (including any amendments thereto) required to be filed or
otherwise executed and delivered by it pursuant to the Securities Exchange Act
of 1934, as amended, the Securities Act of 1933, as amended, all other federal,
state and local securities and corporation laws, and all regulations promulgated
thereunder.
7. This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same document.
<PAGE>
Dated: February 10, 2000
FURMAN SELZ SBIC L.P.
By: /s/ Brian P. Friedman
Name: Brian P. Friedman
Title: President of General Partner
FURMAN SELZ SBIC INVESTMENTS LLC
By: /s/ Brian P. Friedman
Name: Brian P. Friedman
Title: President
FURMAN SELZ INVESTMENTS LLC
By: /s/ Brian P. Friedman
Name: Brian P. Friedman
Title: President
ING FURMAN SELZ ASSET MANAGEMENT LLC
By: /s/ Robert Miller
Name: Robert Miller
Title: Vice President
ING (U.S.) FINANCIAL HOLDINGS, INC.
By: /s/ Andrew Druch
Name: Andrew Druch
Title: Secretary
ING BANK N.V.
By: /s/ J.H.J. Houben
Name: J.H.J. Houben
Title: Managing Principal
By: /s/ P.F.M. Van Lierop
Name: P.F.M. Van Lierop
Title: Senior Legal Advisor
ING GROEP N.V.
By: /s/ J.H.J. Houben
Name: J.H.J. Houben
Title: Managing Principal
<PAGE>
Schedule A
Date of Sale No. Of shares of Common Approximate Sale Price
Stock Sold Per Share Of Common Stock
(Exclusive of Commissions)
1/12/00 20,000 $3.0156
1/14/00 5,000 $2.8125
1/18/00 2,500 $2.4375
1/19/00 11,000 $2.5515
1/21/00 5,945 $2.6250
1/24/00 5,000 $2.2500
1/25/00 3,000 $3.1875
1/26/00 9,500 $3.2664
1/28/00 1,000 $3.1250
1/31/00 4,000 $3.1875
2/8/00 20,000 $3.2656
2/10/00 15,000 $3.3125
