Securities and Exchange Commission
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
COMPUTER INTEGRATION CORP.
(Name of Issuer)
205171 10 1
______________
(CUSIP Number)
Ronald G. Farrell
9035 Old Southwick Pass
Alpharetta, GA 30202
(770) 664-7075
(Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
James P. Hermance
Harkleroad & Hermance, P.C.
229 Peachtree Street, N.E.
Suite 2500 - International Tower
Atlanta, Georgia 30303
(404) 588-9211
March 1, 1997
(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
Statement because of Rule 13d-1(b)(3) or (4), check the following
the following box [ ].
______________________________________
Check the following box if a fee is being paid with this
Statement [x].
______________________________________
Note: Six copies of this Statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
(Continued on following pages)
The information required on the remainder of this cover page
shall not be deemed "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 that Act.
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S.S. or I.R.S Identification No.
RGF Investments, Inc.
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with 1,079,085*
______________________________
(8) Shared Voting Power
1,298,519
______________________________
(9) Sole Dispositive Power
1,079,085*
______________________________
(10) Shared Dispositive Power
*RGF Investments, Inc.
disclaims beneficial ownership 1,298,519
of shares owned by Ronald G.
Farrell, his wife, parents and
son
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,377,604
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
34.18%
___________________________________
(14) Type of Reporting Person - CO
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Ronald G. Farrell
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with 118,000
______________________________
(8) Shared Voting Power
2,377,604
______________________________
(9) Sole Dispositive Power
118,000
______________________________
(10) Shared Dispositive Power
Under the definition of
"beneficial ownership" in Rule 2,377,604
13d-3 promulgated under the
Securities Exchange Act of
1934, as amended, Mr. Farrell
might also be deemed to be the
beneficial owner of the shares
beneficially owned by RGF
Investments, Inc. because he
is the sole officer, director
and stockholder of RGF
Investments, Inc. Mr. Farrell
is included in this joint
Schedule 13D solely to report
beneficial ownership of the
shares beneficially owned by
RGF Investments, Inc. and of
118,000 shares issuable upon
exercise of a stock option at
an exercise price of $1.10 per
share, which expires on
December 31, 1997.
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,495,604
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
35.9%
___________________________________
(14) Type of Reporting Person - IN
___________________________________
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Ronald G. Assaf
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
48,500
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
48,500
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
48,500*
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
0.7%
___________________________________
(14) Type of Reporting Person - IN
___________________________________
* Includes 20,000 shares of Common Stock issuable upon the
conversion of 500 shares of Series D Preferred Stock, stock
options to purchase 5,000 shares of Common Stock, which options
are exercisable at $1.00 per shares and expire on April 11, 2001
and stock options to purchase 10,000 shares of Common Stock,
which options are exercisable at $4.00 per share and expire on
October 12, 2001.
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Assaf Family Trust FBO Derek Assaf, Patricia Anderson, Trustee
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
69,579
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
69,579
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
69,579
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
1.0%
___________________________________
(14) Type of Reporting Person - OO (TRUST)
___________________________________
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Assaf Family Trust FBO Kristen A. Assaf, Patricia Anderson, Trustee
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
69,579
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
69,579
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
69,579
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
1.0%
___________________________________
(14) Type of Reporting Person - OO (TRUST)
___________________________________
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
James E. Lineberger, Jr.
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
308,070
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
308,070
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
308,070*
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
4.4%
___________________________________
(14) Type of Reporting Person - IN
___________________________________
* Includes 60,000 shares of Common Stock issuable upon the
conversion of 1,500 shares of Series D Preferred Stock.
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Bruce Cowen
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
210,823
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
210,823
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
210,823*
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
3.0%
___________________________________
(14) Type of Reporting Person - IN
___________________________________
* Includes 20,000 shares of Common Stock issuable upon
conversion of 500 shares of Series D Preferred Stock.
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
James & Mary Cappiello
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
152,658
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
152,658
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
152,658
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
2.2%
___________________________________
(14) Type of Reporting Person - IN
___________________________________
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Richard Kimmel, Trustee
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
96,329
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
96,329
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
96,329*
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
1.4%
___________________________________
(14) Type of Reporting Person - OO (Trust)
___________________________________
* Includes 20,000 shares of Common Stock issuable upon
conversion of 500 shares of Series D Preferred Stock.
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Jeffrey Schmier, Trustee for Jason & Stephen Schmier
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
96,329
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
96,329
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
96,329*
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
1.4%
___________________________________
(14) Type of Reporting Person - OO (Trust)
___________________________________
*Includes 20,000 shares of Common Stock issuable upon the
conversion of 500 shares of Series D Preferred Stock.
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Doug Wearren
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
152,658
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
152,658
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
152,658*
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
2.2%
___________________________________
(14) Type of Reporting Person - IN
___________________________________
* Includes 40,000 shares of Common Stock issuable upon the
conversion of 1,000 shares of Series D Preferred Stock.
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Adrian Woodruff
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
93,994
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
93,994
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
93,994
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
1.3%
___________________________________
(14) Type of Reporting Person - IN
___________________________________
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Howard LeWine
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
insert # of shares
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
insert # of shares
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
insert # of shares
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
insert %
___________________________________
(14) Type of Reporting Person - IN
___________________________________
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Jerome LeWine
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
insert # of shares
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
insert # of shares
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
insert # of shares
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
insert %
___________________________________
(14) Type of Reporting Person - IN
___________________________________
Continuation of Cover Page
CUSIP No. 205171 10 1
___________________________________
(1) Name of Reporting Person and S. S. or I.R.S Identification No.
Ronald J. Haan
___________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) Yes [x]
(b) No
___________________________________
(3) SEC Use Only
___________________________________
(4) Source of Funds: N/A
___________________________________
(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
___________________________________
Number of Shares
Beneficially Owned (7) Sole Voting Power
by Each Reporting
Person with
______________________________
(8) Shared Voting Power
50,000
______________________________
(9) Sole Dispositive Power
______________________________
(10) Shared Dispositive Power
50,000
___________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
50,000
___________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: [ ]
___________________________________
(13) Percent of Class Represented by Amount in Row (11)
0.7%
___________________________________
(14) Type of Reporting Person - IN
___________________________________
Continuation of Cover Page
Item 1. Security and Issuer.
The class of equity securities to which this Statement on
Schedule 13D relates is as follows:
Common Stock, with par value $0.001 (the "Common Stock") of
Computer Integrated Corp., a Delaware corporation (the "Company,"
"CIC," or the "Issuer").
The principal executive offices of the Company are located
at 2425 Crowne Point, Executive Drive, Charlotte, North Carolina
28227.
Item 2. Identity and Background.
This Schedule 13D is filed by certain shareholders of the
Company and Ronald G. Farrell (the "Reporting Persons"). The
names and addresses (and principal occupation for individuals) of
the Reporting Persons are as follows:
RGF Investments, Inc.
9035 Old Southwick Pass
Alpharetta, Georgia 30202
A Florida Corporation
Ronald G. Farrell
9035 Old Southwick Pass
Alpharetta, Georgia 30202
Consultant and Director of the Company
Ronald G. Assaf
2109 Hamlin Drive
Boca Raton, Florida 33433
Retired (Chairman of Sensormatic)
Assaf Family Trust FBO Derek Assaf, Patricia Anderson, Trustee
2109 Hamlin Drive
Boca Raton, Florida 33433
Assaf Family Trust FBO Kristen A. Assaf, Patricia Anderson,
Trustee
2109 Hamlin Drive
Boca Raton, Florida 33433
1
Page ___ of ___ Pages
James E. Lineberger, Jr.
1120 Boston Post Road
Darien, Connecticut 06820
Principal of Lineberger and Associates
Bruce Cowen
117 Knob Hill Rd.
Glastonbury, Connecticut 06033
Chairman and President of TRC Company
James & Mary Cappiello
41 Hale Lane
Darien, Connecticut 06820
Real Estate Developer
Richard Kimmel, Trustee
21297 Bellechasse Court
Boca Raton, Florida 33433
Real Estate Developer
Jeffrey Schmier, Trustee
for Jason & Stephen Schmier
7777 Glades Road
Suite 201
Boca Raton, Florida 33434
Real Estate Developer
Doug Wearren
5405 Willowhurst Polace
Louisville, Kentucky 40223
Agricultural and Real Property Holdings
Adrian Woodruff
1850 Dixie Highway
Madison, Georgia 30650
Dentist
2
Page ___ of ___ Pages
None of the Reporting Persons have, during the last five
years, been convicted in a criminal proceeding, nor was a party
to a civil proceeding of a judicial or administrative body, the
result of which was a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, Federal or State securities laws. Each individual
Reporting Person is a United States citizen, and each entity has
its principal place of business in the United States.
Item 3. Source and Amount of funds or Other Considerations.
Not Applicable.
3
Page ___ of ___ Pages
Item 4. Purpose of the Transaction.
The Shares covered by this joint Statement were acquired by
the Reporting Persons for investment. The Reporting Persons
(except Mr. Farrell) (the "Agreement Parties") have each entered
into a Voting Agreement with RGF Investments, Inc. to influence
management of the Company, or to cause the Company to actively
market the sale of the Company or the assets of the Company and
to enhance opportunities for the sale of their shares of Common
Stock.
Subject to the Voting Agreement, each of the Reporting
Persons reserves the right to dispose of such Reporting Person's
shares as he, she or it sees fit. Depending upon market
conditions and other factors that the Reporting Persons may deem
material to their investment decision or as otherwise appropriate
to advance their above stated purposes, the Reporting Persons may
purchase additional shares or dispose of shares of Common Stock
in the open market, in private transactions or by any other
permissible means.
Item 5. Interest in Securities of the Issuer.
Based on the current information available to the Reporting
Persons, there are 6,957,038 shares of the Company's Common Stock
issued and outstanding on the date of this Statement.
As of the date of this Statement, as a result of their
agreements, the group represents beneficial ownership of
2,495,604 shares of the Company's Common Stock, which represents
35.9% of the Company's outstanding Common Stock. The Voting
Agreement with Mr. Wearren covers 15,531 shares of Common Stock.
Pursuant to the Voting Agreement, each Agreement Party has
agreed to vote the shares of Common Stock held by the Agreement
Party in the same way as RGF Investments, Inc. votes the shares
of Common Stock held by it on all matters acted upon by the
stockholders of the Company. Each Agreement Party has appointed
RGF Investments, Inc. to negotiate the sale of and to sell the
shares of Common Stock held by the Agreement Parties to a
purchaser, including RGF Investments, Inc., at a price per share
equal to or greater than the price specified in the Voting
Agreement. Each Agreement Party has agreed not to dispose of or
to pledge any shares of Common Stock held by such person without
the prior written consent of RGF Investments, Inc. except as
provided in the Voting Agreement. Each Agreement Party has agreed
not to grant any proxy or other right to vote any shares of
Common Stock held by such person. The Voting Agreement terminates
as provided in the Voting Agreement.
4
Page ___ of ___ Pages
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
The Company has entered into a Consulting Agreement dated as
of December 4, 1996 with R.G. Farrell, Inc., an affiliate of RGF
Investments, Inc., and Ronald G. Farrell. Mr. Farrell is a
director of the Company.
Except as discussed above, their are no contracts,
arrangements, understandings or other relationships between the
Company and any Reporting Person with respect to any securities
of the Company.
Item 7. Material Filed as Exhibits.
Exhibit 1 -- Form of Voting Agreement executed by each of
the Agreement Parties and RGF Investments, Inc.
Exhibit 2 -- Power of Attorney authorizing Ronald G. Farrell
to execute Form 13D on behalf of Reporting Persons.
5
Page ___ of ___ Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
Statement on Schedule 13D is true, complete and correct as of the
date thereof.
DATED: March 10, 1997.
Ronald G. Farrell, under power of
attorney for Assaf Family Trust
FBO, Derek Assaf, Assaf Family
Trust FBO Kristen A. Assaf, James
E. Lineberger, Jr., Bruce Cowen,
James & Mary Cappiello, Richard
Kimmel-Trustee, Jeffrey Schmier-
Trustee for Jason & Stephen
Schmier, Doug Wearren and Adrian
Woodruff
RGF Investments, Inc.
By: /s/Ronald G. Farrell
________________________________
Ronald G. Farrell
6
Page ___ of ___ Pages
