<PAGE>
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D*
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
Worldtex, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
981907108
(CUSIP Number)
William Ehrman
350 Park Avenue, 11th Fl., New York, NY 10022 (212) 755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
March 4, 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 that is the subject of this Schedule 13D,
and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box [X].
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Section 240.13d-
7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 31 Pages)
- ----------------
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 ("Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP No. 981907108 13D Page 2 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
EGS Associates, L.P.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(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
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
1,080,430
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,080,430
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,080,430
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.6%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 3 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
EGS Partners, L.L.C.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(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 (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
3,105,718
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
3,105,718
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,105,718
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
21.8%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IA
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 4 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Bev Partners, L.P.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(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
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
412,447
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
412,447
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
412,447
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.9%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 5 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Jonas Partners, L.P.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(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
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
21,500
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
21,500
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
21,500
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.2%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 6 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
William Ehrman
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF, OO, 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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
4,871,095
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,871,095
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,871,095
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
34.1%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 7 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Frederic Greenberg
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF, OO, 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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
4,871,095
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,871,095
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,871,095
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
34.1%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 8 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Julia Oliver
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF, 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
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
4,871,095
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,871,095
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,871,095
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
34.1%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 9 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Jonas Gerstl
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF, 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
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
4,871,095
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,871,095
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,871,095
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
34.1%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 10 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
William Lautman
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF, 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
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
4,871,095
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,871,095
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,871,095
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
34.1%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 981907108 13D Page 11 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
EGS Management, L.L.C.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
WC, 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
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
1,765,377
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,765,377
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,765,377
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
12.4%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
00
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 12 of 31 Pages
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
FK Investments, L.P.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(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
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
248,000
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
248,000
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
248,000
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.7%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 981907108 13D Page 13 of 31 Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock (the "Common Stock"), issued
by Worldtex, Inc., a Delaware corporation (the "Company"), whose principal
executive offices are located at 915 Tate Boulevard, S.E., Suite 106, Hickory,
North Carolina 28602.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This statement is filed by (i) EGS Associates, L.P., a Delaware
limited partnership ("EGS Associates"), with respect to shares of Common Stock
beneficially owned by it, (ii) EGS Partners, L.L.C., a Delaware limited
liability company ("EGS Partners"), with respect to shares of Common Stock
held in discretionary accounts managed by EGS Partners, (iii) Bev Partners,
L.P., a Delaware limited partnership ("Bev Partners"), with respect to shares
of Common Stock beneficially owned by it, (iv) Jonas Partners, L.P., a New
York limited partnership ("Jonas Partners"), with respect to shares of Common
Stock beneficially owned by it, (v) William Ehrman, with respect to shares of
Common Stock beneficially owned by EGS Associates, EGS Management, EGS
Partners, Bev Partners, FK Investments and Jonas Partners; (vi) Frederic
Greenberg, with respect to shares of Common Stock beneficially owned by EGS
Associates, EGS Management, EGS Partners, Bev Partners, FK Investments and
Jonas Partners; (vii) Julia Oliver, with respect to shares of Common Stock
beneficially owned by EGS Associates, EGS Management, EGS Partners, Bev
Partners, FK Investments and Jonas Partners,(viii) Jonas Gerstl, with respect
to shares of Common Stock beneficially owned by EGS Associates, EGS
Management, EGS Partners, Bev Partners, FK Investments and Jonas Partners;
(ix) William D. Lautman, with respect to shares of Common Stock beneficially
owned by EGS Associates, EGS Management, EGS Partners, Bev Partners, FK
Investments and Jonas Partners; (x) EGS Management, L.L.C., a Delaware limited
liability company ("EGS Management") with respect to shares of Common Stock
beneficially owned by EGS Associates, BEV Partners, FK Investments and Jonas
Partners; and (xi) FK Investments, L.P. ("FK Investments"), with respect to
Shares of Common Stock beneficially owned by it. The foregoing persons are
hereinafter sometimes referred to collectively as the "Reporting Persons".
Any disclosures herein with respect to persons other than the Reporting
Persons are made on information and belief after making inquiry to the
appropriate party.
The members of each of EGS Management and EGS Partners are William
Ehrman, Frederic Greenberg, Julia Oliver, Jonas Gerstl and William D. Lautman
(collectively, the "Managing Members").
(b) The address of the principal business and principal office of (i)
EGS Associates, EGS Management, EGS Partners, Bev Partners, Jonas Partners, FK
Investments and each of the Managing Members is 350 Park Avenue, 11th Floor,
New York, New York 10022.
<PAGE>
CUSIP No. 981907108 13D Page 14 of 31 Pages
(c) The principal business of each of EGS Associates, Bev Partners,
FK Investments and Jonas Partners is that of a private investment partnership,
engaging in the purchase and sale of securities for investment for its own
account. The principal business of EGS Partners is that of a registered
investment adviser under the Investment Advisers Act of 1940, as amended,
engaging in the purchase and sale of securities for investment on behalf of
discretionary accounts. The present principal occupations of the Managing
Members are as Managing Members of EGS Management and EGS Partners. The
principal business of EGS Management is to serve as general partner to certain
private investment partnerships.
(d) None of the persons referred to in paragraph (a) above has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the persons referred to in paragraph (a) above has,
during the last five years, been 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) Each of the individuals referred to in paragraph (a) above is a
United States citizen. EGS Associates, FK Investments and Bev Partners are
Delaware limited partnerships. Jonas Partners is a New York limited
partnership. EGS Partners and EGS Management are Delaware limited liability
companies.
ITEM 3. Source and Amount of Funds and Other Consideration.
The net investment cost (including commissions, if any) of the Common
Stock beneficially owned by EGS Associates, EGS Partners, Bev Partners, Jonas
Partners, EGS Management and FK Investments is approximately $4,604,613,
$13,011,403, $1,673,013, $101,318, $6,755,725 and $376,781 respectively.
Messrs. Ehrman, Greenberg, Gerstl and Lautman and Ms. Oliver currently
own directly no shares of Common Stock.
The shares of Common Stock purchased by each of EGS Associates, Bev
Partners, FK Investments and Jonas Partners were purchased with the investment
capital of the respective entities. The shares of Common Stock purchased by
EGS Partners were purchased with the investment capital of discretionary
accounts under its management. The shares of Common Stock purchased by Mr.
Ehrman were purchased with personal funds.
<PAGE>
CUSIP No. 981907108 13D Page 15 of 31 Pages
The shares of Common Stock beneficially owned by EGS Associates, EGS
Partners, Bev Partners, FK Investments and Jonas Partners are held in their
respective commingled margin accounts, or in the case of EGS Partners, in
margin and non-margin accounts held by each discretionary account under its
management. Such margin accounts are maintained at NationsBanc Montgomery
Securities, and may from time to time have debit balances. Since other
securities are held in such margin accounts, it is not possible to determine
the amounts, if any, of margin used with respect to the shares of Common Stock
purchased. Non-margin accounts are maintained at Deutsche Bank. The shares
owned by Mr. Ehrman are held in accounts maintained at Bank of America
Securities, LLC. Currently, the interest rate charged on such various margin
accounts is approximately 7.75% per annum.
ITEM 4. PURPOSE OF THE TRANSACTION.
The purpose of the acquisition of the shares of the Common Stock by the
Reporting Persons was for investment. Each may dispose of any or all of the
shares of Common Stock held by it or him at any time.
None of the Reporting Persons has any plans or proposals which relate to,
or could result in, any of the matters referred to in paragraphs (b) through
(j), inclusive, of Item 4 of Schedule 13D. Such entities and persons may, at
any time and from time to time, review or reconsider their position with
respect to the Company, and formulate plans or proposals with respect to any
of such matters, but have no present intention of doing so.
ITEM 5. Interest in Securities of the Issuer.
(a) The approximate aggregate percentage of Common Stock reported
beneficially owned by each person herein is based on 14,271,171 shares
outstanding, which is the total number of shares of Common Stock outstanding
as of November 3, 1999, as reflected in the Company's quarterly report on Form
10-Q filed with the Securities and Exchange Commission (the "Commission") for
the fiscal quarter ended September 30, 1999.
As of the close of business on February 8, 2000:
(i) EGS Associates owns beneficially 1,083,430 shares of Common
Stock, constituting approximately 7.6% of the shares outstanding.
(ii) EGS Partners owns directly no shares of Common Stock.
By reason of the provisions of Rule 13D-3 of the Securities Exchange Act of
1934, as amended (the "Act"), EGS Partners may be deemed to own beneficially
3,105,718 shares, constituting approximately 23.5% of the shares outstanding,
purchased for discretionary accounts managed by it.
(iii) Bev Partners owns beneficially 412,447 shares of Common Stock,
constituting approximately 2.9% of the shares outstanding.
<PAGE>
CUSIP No. 981907108 13D Page 16 of 31 Pages
(iv) Jonas Partners owns beneficially 21,500 shares of Common
Stock, constituting less than 1% of the shares outstanding.
(v) Mr. Ehrman owns beneficially through ownership by himself,
60,500 shares of Common Stock, constituting less than 1% of the shares
outstanding.
(vi) Messrs. Greenberg, Gerstl and Lautman and Ms. Oliver own
directly no shares of Common Stock.
(vii) EGS Management owns directly no shares of Common Stock. By
reason of provisions of Rule 13d-3 of the Act, EGS Management may be deemed to
own beneficially the 1,765,377 shares beneficially owned by EGS Associates, FK
Investments, BEV Partners and Jonas Partners.
(viii) FK Investments owns beneficially 248,000 shares of Common
Stock, constituting approximately 1.7% of the shares outstanding.
By reason of the provisions of Rule 13D-3 of the Act, each of the
Managing Members may be deemed to own the 1,083,430 shares of Common Stock
beneficially owned by EGS Associates, the 3,105,718 shares beneficially owned
by EGS Partners, the 412,447 shares beneficially owned by Bev Partners, the
248,000 shares owned by FK Investments and the 21,500 shares beneficially
owned by Jonas Partners. When the shares beneficially owned by EGS
Associates, EGS Partners, EGS Management, Bev Partners, FK Investments and
Jonas Partners are aggregated, they total 4,871,095 shares of Common Stock,
constituting approximately 34.1% of the shares outstanding.
(ix) In the aggregate, the Reporting Persons own beneficially a
total of 4,871,095 shares of Common Stock, constituting approximately 34.1% of
the shares outstanding.
(b) Each of EGS Associates, EGS Partners, Bev Partners and Jonas
Partners has the power to vote on all of the shares of Common Stock and to
dispose of all of the shares of Common Stock beneficially owned by it, which
power may be exercised by the Managing Members. Each of the discretionary
accounts is party to an investment management agreement with EGS Partners
pursuant to which EGS Partners has investment authority with respect to
securities held in such account.
(c) The trading dates, number of shares purchased or sold and price
per share for all transactions in the Common Stock from the 60th day prior to
March 4, 1999 until February 8, 2000, by EGS Associates, EGS Partners, EGS
Overseas Fund, Bev Partners, FK Investments, and Mr. Ehrman are set forth in
Schedules A, B, C, D, E, and F and, except as indicated, were all effected in
the over-the-counter market. During such period, Messrs. Greenberg, Gerstl
and Lautman and Ms. Oliver, did not enter into any transactions in the Common
Stock.
<PAGE>
CUSIP No. 981907108 13D Page 17 of 31 Pages
(d) No person other than each respective record owner of Common Stock
referred to herein is known to have the right to receive or the power to
direct the receipt of dividends from or the proceeds of sale of such Common
Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following exhibit is being filed with this Schedule:
Exhibit 1 A written agreement relating to the filing of joint acquisition
statements as required by Rule 13D-1(f)(1) of the Act.
<PAGE>
CUSIP No. 981907108 13D Page 18 of 31 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: February 28, 2000
/s/ William Ehrman
--------------------------------
William Ehrman, individually and as Managing
Member of EGS Management, L.L.C. on behalf
of EGS Management, L.L.C. and on behalf of
EGS ASSOCIATES, L.P., BEV PARTNERS, L.P.,
and JONAS PARTNERS, L.P., and as a member of
EGS PARTNERS, L.L.C.
/s/ Frederic Greenberg
--------------------------------
Frederic Greenberg, individually
/s/ Jonas Gerstl
--------------------------------
Jonas Gerstl, individually
/s/ William Lautman
--------------------------------
William Lautman, individually
/s/ Julia Oliver
--------------------------------
Julia Oliver, individually
<PAGE>
CUSIP No. 981907108 13D Page 19 of 31 Pages
Schedule A
----------
EGS Associates, L.P.
--------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
1/11/99 1,500 4.01
2/22/99 8,379 2.29
2/23/99 15,500 2.40
2/26/99 18,300 2.41
3/1/99 8,807 2.10
3/2/99 11,439 2.07
3/3/99 12,176 1.97
3/4/99 5,756 2.05
3/5/99 24,525 1.79
3/8/99 8,000 2.03
3/16/99 3,247 1.97
3/17/99 7,440 2.04
3/18/99 9,970 2.01
3/19/99 3,720 2.03
3/22/99 4,428 1.91
3/22/99 5,904 1.97
3/23/99 9,151 1.90
3/24/99 8,856 1.88
3/25/99 7,528 1.89
3/26/99 6,790 1.86
3/29/99 6,273 1.92
4/5/99 6,537 1.98
4/6/99 3,838 1.89
4/7/99 8,266 1.94
4/8/99 12,100 1.94
4/9/99 771 1.87
4/9/99 33,516 1.66
4/14/99 3,192 1.78
4/16/99 8,856 2.11
4/20/99 4,043 2.28
4/21/99 1,410 2.57
6/8/99 6,600 2.55
6/17/99 2,300 2.53
6/18/99 2,938 2.48
<PAGE>
CUSIP No. 981907108 13D Page 20 of 31 Pages
6/28/99 7,000 2.41
6/30/99 11,200 2.40
8/6/99 3,000 2.55
8/10/99 2,000 2.66
8/16/99 6,400 2.48
8/17/99 6,500 2.39
8/19/99 3,500 2.40
8/24/99 500 2.47
9/3/99 3,400 2.41
9/7/99 4,500 2.38
9/8/99 5,200 2.37
9/9/99 3,500 2.37
9/20/99 1,100 2.08
9/21/99 4,100 2.07
9/22/99 1,000 2.09
9/28/99 1,200 2.19
9/29/99 93,499 1.52
9/30/99 23,000 2.03
10/25/99 15,900 1.46
11/10/99 15,300 1.27
1/1/00 60,500 1.56
1/19/00 2,500 1.46
1/20/00 2,600 1.49
1/21/00 1,000 1.58
2/4/00 2,700 2.66
<PAGE>
CUSIP No. 981907108 13D Page 21 of 31 Pages
Schedule B
----------
EGS Partners, L.L.C.
--------------------
(excluding EGS Overseas Fund Limited)
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
2/22/99 95 2.29
2/26/99 220 2.41
3/1/99 104 2.10
3/2/99 139 2.07
3/3/99 149 1.97
3/4/99 70 2.05
3/16/99 40 1.97
3/17/99 90 2.04
3/18/99 120 2.01
3/19/99 45 2.03
3/22/99 54 1.91
3/22/99 72 1.97
3/23/99 112 1.90
3/24/99 108 1.88
3/25/99 92 1.89
3/26/99 82 1.86
3/29/99 76 1.92
4/6/99 46 1.89
4/7/99 100 1.94
4/9/99 378 1.66
4/9/99 9 1.87
4/14/99 36 1.78
4/16/99 108 2.11
4/20/99 46 2.28
4/21/99 16 2.57
6/18/99 25 2.48
9/29/99 1,118 1.52
<PAGE>
CUSIP No. 981907108 13D Page 22 of 31 Pages
10/25/99 200 1.46
11/10/99 200 1.27
1/5/00 3,500 1.49
1/5/99 5,500 3.98
1/6/99 6,100 3.98
1/7/99 7,000 3.91
1/8/99 2,000 3.92
1/12/99 6,900 3.95
1/13/99 5,900 3.91
1/14/99 5,800 3.85
1/15/99 11,000 3.71
1/19/99 6,000 3.66
1/20/99 6,500 3.60
1/21/99 1,200 3.53
1/22/99 8,900 3.52
1/25/99 2,000 3.47
1/26/99 8,600 3.52
1/27/99 7,400 3.38
1/28/99 14,500 3.14
1/29/99 4,100 3.13
2/1/99 6,200 3.02
2/2/99 7,500 3.07
2/3/99 2,100 2.97
2/4/99 4,700 3.19
2/5/99 2,000 3.17
2/8/99 3,500 3.16
2/9/99 13,600 3.05
2/10/99 2,500 3.12
2/11/99 5,900 3.10
2/12/99 1,000 3.05
2/16/99 5,100 2.99
2/17/99 10,500 2.89
2/17/99 7,000 2.75
2/18/99 1,000 2.91
2/19/99 7,200 2.57
2/22/99 20,128 2.29
2/24/99 3,000 2.41
2/25/99 1,000 2.53
3/11/99 10,000 1.53
3/15/99 4,000 1.67
3/31/99 11,000 1.91
4/1/99 1,500 1.93
4/9/99 1,853 1.87
4/9/99 80,514 1.66
4/14/99 7,668 1.78
4/15/99 1,000 2.09
4/20/99 9,713 2.28
4/21/99 3,386 2.57
<PAGE>
CUSIP No. 981907108 13D Page 23 of 31 Pages
4/22/99 1,000 2.84
4/23/99 4,500 2.91
4/26/99 5,800 3.01
4/27/99 7,200 2.98
4/28/99 7,000 3.01
4/29/99 9,000 2.96
4/30/99 7,500 2.94
5/3/99 3,100 2.99
5/4/99 4,700 3.00
5/5/99 3,000 2.87
5/6/99 2,000 2.91
5/7/99 7,900 3.05
5/10/99 9,000 2.96
5/11/99 3,000 2.93
5/12/99 1,800 2.96
5/14/99 1,600 2.99
5/17/99 9,700 2.95
5/18/99 1,000 2.84
5/21/99 4,000 2.82
5/24/99 2,500 2.86
5/25/99 1,500 2.84
5/26/99 5,500 2.79
5/27/99 7,600 2.73
6/1/99 4,700 2.64
6/2/99 3,600 2.70
6/3/99 4,300 2.69
6/4/99 4,700 2.66
6/7/99 7,000 2.69
6/9/99 5,500 2.39
6/10/99 13,000 2.33
6/11/99 27,000 2.25
6/14/99 3,500 2.46
6/15/99 2,000 2.47
6/16/99 8,100 2.53
6/18/99 8,474 2.48
6/21/99 5,600 2.49
6/22/99 2,500 2.47
6/23/99 500 2.47
6/24/99 6,700 2.45
6/25/99 4,400 2.43
6/29/99 7,000 2.45
7/1/99 1,200 2.43
7/6/99 9,500 2.37
7/7/99 5,500 2.28
7/8/99 6,700 2.27
7/9/99 3,500 2.28
7/12/99 1,000 2.37
7/12/99 2,000 2.37
7/13/99 1,500 2.41
<PAGE>
CUSIP No. 981907108 13D Page 24 of 31 Pages
7/15/99 4,000 2.55
7/16/99 1,500 2.55
7/19/99 2,000 2.53
7/20/99 3,500 2.52
7/21/99 3,400 2.57
7/22/99 7,200 2.47
7/23/99 500 2.47
7/26/99 3,700 2.51
7/27/99 5,200 2.50
7/28/99 6,200 2.44
7/29/99 2,000 2.59
7/30/99 4,500 2.55
8/2/99 5,000 2.44
8/3/99 2,700 2.43
8/4/99 10,200 2.32
8/5/99 2,000 2.30
8/9/99 10,000 2.56
8/12/99 12,500 2.51
8/13/99 2,500 2.52
8/20/99 7,500 2.42
8/27/99 3,000 2.42
9/13/99 3,000 2.23
9/14/99 3,700 2.19
9/15/99 3,500 2.22
9/29/99 412,742 1.52
10/1/99 7,000 1.98
10/6/99 4,500 1.93
10/8/99 2,500 1.96
10/13/99 1,000 2.07
10/14/99 1,000 2.09
10/18/99 500 2.02
10/20/99 3,000 2.02
10/22/99 7,000 1.56
10/25/99 70,155 1.46
10/25/99 1,000 1.52
10/26/99 600 1.67
10/28/99 3,000 1.68
11/1/99 1,000 1.71
11/2/99 6,300 1.51
11/3/99 1,500 1.52
11/4/99 6,400 1.61
11/8/99 3,500 1.71
11/9/99 5,500 1.62
11/10/99 12,500 1.27
11/10/99 55,000 1.28
11/16/99 3,500 1.17
11/18/99 10,000 1.27
11/22/99 4,000 1.27
11/23/99 1,500 1.27
<PAGE
CUSIP No. 981907108 13D Page 25 of 31 Pages
11/24/99 9,500 1.24
11/26/99 1,000 1.27
11/30/99 8,000 1.30
12/14/99 5,500 1.21
12/15/99 3,000 1.21
12/16/99 4,200 1.24
12/17/99 1,200 1.21
12/21/99 4,500 1.12
12/23/99 1,200 1.45
12/28/99 1,500 1.58
12/30/99 10,400 1.71
12/31/99 7,500 1.59
1/3/00 2,500 1.51
1/4/00 1,700 1.46
1/7/00 2,000 1.54
1/10/00 700 1.58
2/8/00 500 2.65
<PAGE
CUSIP No. 981907108 13D Page 26 of 31 Pages
Schedule C
----------
EGS Overseas Fund, Ltd.
------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
09/29/1999 509 1.52
12/08/1999 -2,509 1.42
<PAGE>
CUSIP No. 981907108 13D Page 27 of 31 Pages
Schedule D
----------
Bev Partners, L.P.
------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
1/4/99 2,000 4.10
2/22/99 2,898 2.29
2/26/99 6,080 2.41
3/1/99 3,589 2.10
3/2/99 3,922 2.07
3/3/99 4,175 1.97
3/4/99 1,974 2.05
3/5/99 8,175 1.79
3/16/99 1,113 1.97
3/17/99 2,470 2.04
3/18/99 3,310 2.01
3/19/99 1,235 2.03
3/22/99 2,024 1.97
3/22/99 1,518 1.91
3/23/99 3,137 1.90
3/24/99 3,036 1.88
3/25/99 2,580 1.89
3/26/99 2,328 1.86
3/29/99 2,151 1.92
3/30/99 3,500 1.98
4/5/99 2,463 1.98
4/6/99 1,316 1.89
4/7/99 2,834 1.94
4/9/99 267 1.87
4/9/99 11,592 1.66
4/14/99 1,104 1.78
4/16/99 3,036 2.11
4/20/99 1,398 2.28
4/21/99 488 2.57
6/18/99 1,063 2.48
7/14/99 3,000 2.39
8/11/99 9,700 2.58
8/18/99 1,500 2.41
<PAGE>
CUSIP No. 981907108 13D Page 28 of 31 Pages
8/23/99 6,200 2.43
9/23/99 3,000 2.05
9/24/99 3,400 2.07
9/27/99 600 2.22
9/29/99 42,132 1.52
10/11/99 1,500 2.05
10/25/99 7,300 1.46
11/5/99 5,000 1.71
11/10/99 7,000 1.27
1/12/00 4,000 1.74
1/14/00 13,000 1.71
1/18/00 1,700 1.65
2/3/00 2,000 2.66
2/7/00 1,500 2.57
<PAGE>
CUSIP No. 981907108 13D Page 29 of 31 Pages
Schedule E
----------
FK Investments, L.P.
--------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
9/29/99 250,000 1.52
09/29/1999 -500 2.06
10/04/1999 -2,000 2.00
12/23/99 2,500 1.45
12/27/99 500 1.54
01/07/2000 -2,500 1.42
<PAGE>
CUSIP No. 981907108 13D Page 30 of 31 Pages
Schedule F
----------
William Ehrman
---------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
1/1/2000 (60,500) 1.56
<PAGE>
CUSIP No. 981907108 13D Page 31 of 31 Pages
PURSUANT TO RULE 13D-1(f) 1
The undersigned acknowledge and agree that the foregoing statement on Schedule
13D, as amended, is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D, as amended, shall be
filed on behalf of each of the undersigned without the necessity of filing
additional joint acquisition statements. The undersigned acknowledge that
each shall be responsible for the timely filing of such amendments, and for
the completeness and accuracy of the information concerning him or it
contained therein, but shall not be responsible for the completeness and
accuracy of the information concerning the other, except to the extent that he
or it knows or has reason to believe that such information is inaccurate.
DATED: February 28, 2000
/s/ William Ehrman
--------------------------------
William Ehrman, individually and as Managing
Member of EGS Management, L.L.C. on behalf
of EGS Management, L.L.C. and on behalf of
EGS ASSOCIATES, L.P., BEV PARTNERS, L.P.,
and JONAS PARTNERS, L.P., and as a member of
EGS PARTNERS, L.L.C.
/s/ Frederic Greenberg
--------------------------------
Frederic Greenberg, individually
/s/ Jonas Gerstl
--------------------------------
Jonas Gerstl, individually
/s/ William Lautman
--------------------------------
William Lautman, individually
/s/ Julia Oliver
--------------------------------
Julia Oliver, individually
<PAGE>
