<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
OZO DIVERSIFIED AUTOMATION, INC.
--------------------------------
(Name of Issuer)
Common Stock, par value $.10 per share
--------------------------------------
(Title of Class of Securities)
--------------------
(CUSIP Number)
Steven N. Bronson
Barber & Bronson Incorporated
2101 W. Commercial Blvd., Suite 1500
Ft. Lauderdale, Florida 33309
(954) 730-7700
--------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With a copy to:
William C. Phillippi, P.A.
Broad and Cassel
201 South Biscayne Boulevard
Suite 3000
Miami, Florida 33131
May 15, 1996
-------------------------------------------------------------
(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
statement 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 [ ].
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP No._______________ Page 2 of 18 Pages
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Steven N. Bronson
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF and 00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OF PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 65,400
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
116,672
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
116,672
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.43%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP No._______________ Page 3 of 18 Pages
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Barber & Bronson Incorporated
- --------------------------------------------------------------------------------
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 OF PLACE OF ORGANIZATION
Florida
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
-0-
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
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-
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP No.________________ Page 4 of 18 Pages
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Eric R. Elliott
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OF PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 5,000
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
26,272
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,272
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.38%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP No.________________ Page 5 of 18 Pages
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
James S. Cassel
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OF PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
25,000
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.02%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP No. Page 6 of 18 Pages
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Lenore Katz
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF and 00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OF PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 5,000
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 5,000
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
30,000
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.43%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 7 of 18 Pages
Except as expressly amended below, the Schedule 13D, dated August 25, 1995,
as heretobefore filed on behalf of Steven N. Bronson and Barber & Bronson
Incorporated, a Florida corporation (the "Company"), as amended, with respect to
the shares of Common Stock (the "Shares"), of Ozo Diversified Automation, Inc.,
a Colorado corporation (the "Issuer"), remains in full force and effect.
Item 2. Identity and Background.
-----------------------
Sections (a) through (f) of Item 2. are hereby amended in their entirety to
read as follows:
(a) This Statement on Schedule 13D is being filed jointly on
behalf of Steven N. Bronson; Barber & Bronson Incorporated, a Florida
corporation (the "Company"); Eric R. Elliott, James S. Cassel and Lenore Katz.
The executive officers of the Company are Steven N. Bronson, Bruce C. Barber,
Eric R. Elliott and James S. Cassel.
(b) The principal executive offices of the Company are located at
2101 West Commercial Boulevard, Suite 1500, Fort Lauderdale, Florida 33309. The
business address of Mr. Bronson, Mr. Elliott and Mr. Cassel is 2101 West
Commercial Boulevard, Suite 1500, Fort Lauderdale, Florida 33309. The residence
address of Ms. Katz is 301 North Birch Road, Fort Lauderdale, Florida 33304-
4211.
(c) The Company is a broker-dealer registered under the Securities
Exchange Act of 1934 (the "Exchange Act"). Mr. Bronson is the President of the
Company; Mr. Cassel is an Executive Vice President of the Company; Mr. Elliott
is Secretary/Treasurer of the Company; and Ms. Katz is an employee of the
Company.
<PAGE>
Page 8 of 18 Pages
(d) None of Messrs. Bronson, Elliott and Cassel and Ms. Katz were,
during the last five years, convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of Messrs. Bronson, Elliott and Cassel and Ms. Katz were,
during the last five years, 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 a federal or
state securities laws or finding any violation with respect to such laws.
(f) The Company is a Florida corporation. Mr. Bronson, Mr.
Elliott, Mr. Cassel and Ms. Katz are each a citizen of the United States of
America.
Item 3. Source and Amounts of Funds or Other Consideration.
--------------------------------------------------
Item 3. is hereby amended in its entirety to read as follows:
The Company acquired warrants to purchase shares of the Issuer's
Common Stock (the "Shares"), utilizing its working capital, and acquired said
warrants in conjunction with certain investment banking activities rendered for
the Issuer. Mr. Bronson acquired securities of the Issuer utilizing his
personal funds. Mr. Bronson also acquired securities of the Issuer in
consideration for a loan to the Issuer. Warrants were transferred to Mr.
Elliott from the Company in consideration for certain services provided by Mr.
Elliott. Mr. Elliott acquired securities of the Issuer utilizing his personal
funds. Mr. Elliott also acquired securities of the Issuer in consideration for
a loan to the Issuer. Mr. Cassel acquired securities of the Issuer
in consideration for a loan to the Issuer. Ms. Katz acquired securities of the
Issuer utilizing her personal funds and in consideration for a loan to the
Issuer.
<PAGE>
Page 9 of 18 Pages
Item 4. Purpose of Transaction.
----------------------
Item 4. is hereby amended in its entirety to read as follows:
The Company, Mr. Bronson, Mr. Elliott, Mr. Cassel and Ms. Katz
acquired securities of the Issuer for investment purposes and may, depending
upon then current events, including without limitation, then current market
conditions, the Issuer's results of operations, and the then current general
business climate, decide to increase or decrease their respective positions in
the Issuer. In addition, certain of the other executive officers of the Company
acquired Shares for investment purposes and each may, independently, depending
upon then current events, including without limitation, then current market
conditions, the Issuer's results of operations, and the then current general
business climate, decide to increase or decrease their respective positions in
the Issuer.
Neither the Company, nor any of the other executive officers of
the Company, nor Mr. Bronson, Mr. Elliott, Mr. Cassel nor Ms. Katz have any
plans or proposals which may relate or would result in:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries;
<PAGE>
Page 10 of 18 Pages
(d) Any change in the present Board of Directors or management of
the Issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the Board of Directors of the
Issuer;
(e) Any material change in the present capitalization or dividend
policy of the Issuer;
(f) Any other material change in the Issuer's business or
corporate structure;
(g) Changes in the Issuer's charter, by-laws, or instruments
corresponding thereto or any actions which may impede the acquisition or control
of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be de-listed
from a national securities exchange or to cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association;
(i) A class of equity securities of the Issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4) of the Exchange
Act; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Item 5. is hereby amended in its entirety to read as follows:
(a)(b) The Company does not beneficially own any Shares of the
Issuer's Common Stock. Mr. Bronson may be deemed to beneficially own an
aggregate of 116,672 Shares of the Issuer's Common Stock, representing
approximately 26.43% of the total Shares of the Issuer's Common Stock deemed
outstanding (assuming exercise of warrants and
<PAGE>
Page 11 of 18 Pages
conversion of debentures). With respect to such Shares, Mr. Bronson owns of
record 65,400 Shares, as to which he possesses sole voting and dispositive
power. In addition, 42,500 of such Shares are issuable upon exercise of
warrants owned of record by Mr. Bronson, and 8,772 Shares are issuable upon
conversion of Debentures owned of record by Mr. Bronson, and with respect to
such Shares, Mr. Bronson possesses sole dispositive power. With respect to such
Shares, the Company, Mr. Elliott, Mr. Cassel and Ms. Katz disclaim beneficial
ownership. Mr. Bronson disclaims beneficial ownership of the Shares
beneficially owned by Mr. Elliott, Mr. Cassel and Ms. Katz.
Mr. Elliott may be deemed to beneficially own an aggregate of
26,272 Shares, representing approximately 6.38% of the total Shares deemed
outstanding (assuming exercise of the warrants and conversion of the
debentures). With respect to such Shares, Mr. Elliott owns of record 5,000
Shares, as to which he possesses sole voting and dispositive power. In addition,
12,500 of such Shares are issuable upon exercise of warrants owned of record by
Mr. Elliott and 8,772 Shares are issuable upon conversion of Debentures owned of
record by Mr. Elliott. With respect to such Shares, Mr. Bronson, Mr. Cassel, Ms.
Katz and the Company disclaim beneficial ownership. Mr. Elliott disclaims
beneficial ownership of the Shares beneficially owned by Mr. Bronson, Mr. Cassel
and Ms. Katz.
Mr. Cassel may be deemed to beneficially own an aggregate of
25,000 Shares, representing approximately 6.02% of the total Shares of the
Issuer's Common Stock outstanding (assuming exercise of the warrants). Of such
Shares, 25,000 are issuable upon exercise of warrants owned of record by Mr.
Cassel. With respect to said Shares, Mr. Bronson,
<PAGE>
Page 12 of 18 Pages
Mr. Elliott, Ms. Katz and the Company disclaim beneficial ownership. Mr. Cassel
disclaims beneficial ownership of the Shares beneficially owned by Mr. Bronson,
Mr. Elliott and Ms. Katz.
Ms. Katz may be deemed to beneficially own an aggregate of 35,000
Shares of the Issuer's Common Stock, representing approximately 8.43% of the
total Shares of the Issuer's Common Stock deemed outstanding (assuming exercise
of the warrants). With respect to such Shares, Ms. Katz owns of record 5,000
Shares as to which she possesses sole voting and dispositive power. In addition,
Ms. Katz is a 49% partner in a partnership which owns of record an additional
5,000 Shares. Finally, 25,000 of such Shares are issuable upon exercise of
warrants owned of record by Ms. Katz. With respect to said Shares,
Mr. Bronson, Mr. Elliott, Mr. Cassel and the Company disclaim beneficial
ownership. Ms. Katz disclaims beneficial ownership of the Shares beneficially
owned by Mr. Bronson, Mr. Elliott and Mr. Cassel.
In addition, Mr. Barber may be deemed to beneficially own an
aggregate of 12,500 Shares, representing 3.02% of the total Shares of the
Issuer's Common Stock. Of such Shares, 12,500 are issuable upon exercise of
warrants owned of record by Mr. Barber. With respect to said Shares, the
Company, Mr. Bronson, Mr. Elliott, Mr. Cassel and Ms. Katz disclaim beneficial
ownership. Mr. Barber disclaims beneficial ownership of the Shares beneficially
owned by Mr. Bronson, Mr. Elliott, Mr. Cassel and Ms. Katz.
The foregoing Shares do not include any Shares held of record in
the trading account of the Company, and with respect to which Shares, the
foregoing persons disclaim beneficial ownership.
<PAGE>
Page 13 of 18 Pages
(c) Any and all transactions in the Shares of the Issuer's Common
Stock effectuated by the foregoing persons during the preceding 60 days is
described on Exhibit H, attached hereto and incorporated herein by reference.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
such securities of the Issuer.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
-------------------------------------------------------------
Respect to Securities of the Issuer.
-----------------------------------
None.
Item 7. Material to be Filed as Exhibits.
--------------------------------
(a) Exhibit G - Joint 13D Filing Statement.
(b) Exhibit H - Prior Transactions Effectuated during the
Preceding 60 Days.
<PAGE>
Page 14 of 18 Pages
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information as set forth in this statement is true,
complete and correct.
/s/ Steven N. Bronson
Date: May 15, 1996 -----------------------------
Steven N. Bronson
<PAGE>
Page 15 of 18 Pages
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information as set forth in this statement is true,
complete and correct.
BARBER & BRONSON INCORPORATED
Date: May 15, 1996 By: /s/ Steven N. Bronson, President
---------------------------------
Steven N. Bronson, President
<PAGE>
Page 16 of 18 Pages
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information as set forth in this statement is true,
complete and correct.
Date: May 15, 1996 /s/ Eric R. Elliott
------------------------------
Eric R. Elliott
<PAGE>
Page 17 of 18 Pages
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information as set forth in this statement is true,
complete and correct.
Date: May 15, 1996 /s/ James S. Cassel
---------------------------
James S. Cassel
<PAGE>
Page 18 of 18 Pages
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information as set forth in this statement is true,
complete and correct.
Date: May 15, 1996 /s/ Lenore Katz
-------------------------
Lenore Katz
<PAGE>
EXHIBIT G
---------
Reference is made to a report on amended Schedule 13D, being filed on or
about the date hereof, with respect to the undersigned's beneficial ownership of
shares of Common Stock of Ozo Diversified Automation, Inc. The undersigned
hereby acknowledge and agree that such amended Schedule 13D is being filed on
behalf of each of the undersigned. This agreement may be executed in one or
more counterparts, each of which shall be an original, but all of which shall
constitute one and the same instrument.
Date: May 15, 1996 /s/ Steven N. Bronson
---------------------------
Steven N. Bronson
BARBER & BRONSON INCORPORATED
Date: May 15, 1996 By: /s/ Steven N. Bronson, President
--------------------------------
Steven N. Bronson, President
Date: May 15, 1996 /s/ Eric R. Elliott
---------------------------
Eric R. Elliott
Date: May 15, 1996 /s/ James S. Cassel
---------------------------
James S. Cassel
Date: May 15, 1996 /s/ Lenore Katz
---------------------------
Lenore Katz
<PAGE>
EXHIBIT H
---------
PRIOR TRANSACTIONS EFFECTUATED
DURING THE PRECEDING 60 DAYS
<TABLE>
<CAPTION>
Shares Price Per
Date Reporting Person Acquired/Sold Share
- --------------- ----------------- ---------------- ------
<S> <C> <C> <C>
April 1, 1996 Steven N. Bronson 25,000(1) (1)
April 1, 1996 Eric R. Elliott 12,500(1) (1)
April 1, 1996 James S. Cassel 25,000(1) (1)
April 1, 1996 Lenore Katz 25,000(1) (1)
</TABLE>
____________________
(1) Represents warrants to purchase a like number of Shares of the Issuer's
Common Stock which were acquired by the Reporting Person in conjunction with
a loan made to the Issuer by the Reporting Person. The warrants are
exercisable at a price of $1.00 per Share.
