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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13D-1(B), (C) AND (D) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B)
-----------
(AMENDMENT NO. __)*
CURATIVE HEALTH SERVICES, INC.
--------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK,
PAR VALUE $.01 PER SHARE 231264102
--------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER)
JANUARY 2, 2001
--------------------------------------------------------------------------------
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:
[ ] RULE 13D-1(B)
[X] RULE 13D-1(C)
[ ] RULE 13D-1(D)
----------
*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 the purpose of Section 18 of the Securities Exchange Act of
1934 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).
Continued on Following Pages
Page 1 of 17 Pages
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NY2:\956001\01\KHNL01!.DOC\47201.0001
<PAGE>
<TABLE>
<CAPTION>
------------------------------------ -------------------------------------------- -------------------------------------
CUSIP No. 231264102 13G Page 2 of 17
------------------------------------ -------------------------------------------- -------------------------------------
<S> <C>
----------------------------- --------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSONS: SC FUNDAMENTAL VALUE FUND, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
----------------------------- ----------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [X]
(B) [_]
----------------------------- ----------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------- --------------------------------------------------- ------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
------------------------------------ ------ ------------------------------------------------ -------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 159,970
SHARES
------ ------------------------------------------------ -------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
------ ------------------------------------------------ -------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 159,970
REPORTING
------ ------------------------------------------------ -------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
----------------------------- -------------------------------------------------------------- -------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 159,970
----------------------------- ----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
[ ]
----------------------------- ----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.03%
----------------------------- --------------------------------------------------- ------------------------------------------------
12 TYPE OF REPORTING PERSON: PN
----------------------------- --------------------------------------------------- ------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------------ -------------------------------------------- -------------------------------------
CUSIP No. 231264102 13G Page 3 of 17
------------------------------------ -------------------------------------------- -------------------------------------
----------------------------- --------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSONS: SC FUNDAMENTAL LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
----------------------------- ----------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [X]
(B) [_]
----------------------------- ----------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------- --------------------------------------------------- ------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
------------------------------------ ------ ------------------------------------------------ -------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------ ------------------------------------------------ -------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 159,970
OWNED BY
------ ------------------------------------------------ -------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 159,970
----------------------------- -------------------------------------------------------------- -------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 159,970
----------------------------- ----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
[ ]
----------------------------- ----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.03%
----------------------------- --------------------------------------------------- ------------------------------------------------
12 TYPE OF REPORTING PERSON: OO
----------------------------- --------------------------------------------------- ------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------------ -------------------------------------------- -------------------------------------
CUSIP No. 231264102 13G Page 4 of 17
------------------------------------ -------------------------------------------- -------------------------------------
----------------------------- --------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSONS: SC FUNDAMENTAL VALUE BVI, LTD.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
----------------------------- ----------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [X]
(B) [_]
----------------------------- ----------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------- --------------------------------------------------- ------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: BRITISH VIRGIN ISLANDS
------------------------------------ ------ ------------------------------------------------ -------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 260,630
SHARES
------ ------------------------------------------------ -------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
------ ------------------------------------------------ -------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 260,630
REPORTING
------ ------------------------------------------------ -------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
----------------------------- -------------------------------------------------------------- -------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 260,630
----------------------------- ----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
[ ]
----------------------------- ----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 3.31%
----------------------------- --------------------------------------------------- ------------------------------------------------
12 TYPE OF REPORTING PERSON: CO
----------------------------- --------------------------------------------------- ------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------------ -------------------------------------------- -------------------------------------
CUSIP No. 231264102 13G Page 5 of 17
------------------------------------ -------------------------------------------- -------------------------------------
----------------------------- --------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSONS: SC-BVI PARTNERS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
----------------------------- ----------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [X]
(B) [_]
----------------------------- ----------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------- --------------------------------------------------- ------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
------------------------------------ ------ ------------------------------------------------ -------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------ ------------------------------------------------ -------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 260,630
OWNED BY
------ ------------------------------------------------ -------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 260,630
----------------------------- -------------------------------------------------------------- -------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 260,630
----------------------------- ----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
[ ]
----------------------------- ----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 3.31%
----------------------------- --------------------------------------------------- ------------------------------------------------
12 TYPE OF REPORTING PERSON: PN
----------------------------- --------------------------------------------------- ------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------------ -------------------------------------------- -------------------------------------
CUSIP No. 231264102 13G Page 6 of 17
------------------------------------ -------------------------------------------- -------------------------------------
----------------------------- --------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSONS: PMC-BVI, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
----------------------------- ----------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [X]
(B) [_]
----------------------------- ----------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------- --------------------------------------------------- ------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
------------------------------------ ------ ------------------------------------------------ -------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------ ------------------------------------------------ -------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 260,630
OWNED BY
------ ------------------------------------------------ -------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 260,630
----------------------------- -------------------------------------------------------------- -------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 260,630
----------------------------- ----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
[ ]
----------------------------- ----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 3.31%
----------------------------- --------------------------------------------------- ------------------------------------------------
12 TYPE OF REPORTING PERSON: CO
----------------------------- --------------------------------------------------- ------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------------ -------------------------------------------- -------------------------------------
CUSIP No. 231264102 13G Page 7 of 17
------------------------------------ -------------------------------------------- -------------------------------------
----------------------------- --------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSONS: SC FUNDAMENTAL VALUE BVI, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
----------------------------- ----------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [X]
(B) [_]
----------------------------- ----------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------- --------------------------------------------------- ------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
------------------------------------ ------ ------------------------------------------------ -------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------ ------------------------------------------------ -------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 260,630
OWNED BY
------ ------------------------------------------------ -------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 260,630
----------------------------- -------------------------------------------------------------- -------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 260,630
----------------------------- ----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
[ ]
----------------------------- ----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 3.31%
----------------------------- --------------------------------------------------- ------------------------------------------------
12 TYPE OF REPORTING PERSON: CO
----------------------------- --------------------------------------------------- ------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------------ -------------------------------------------- -------------------------------------
CUSIP No. 231264102 13G Page 8 of 17
------------------------------------ -------------------------------------------- -------------------------------------
----------------------------- --------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSONS: PETER M. COLLERY
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
----------------------------- ----------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [X]
(B) [_]
----------------------------- ----------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------- --------------------------------------------------- ------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES
------------------------------------ ------ ------------------------------------------------ -------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------ ------------------------------------------------ -------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 420,600
OWNED BY
------ ------------------------------------------------ -------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 420,600
----------------------------- -------------------------------------------------------------- -------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 420,600
----------------------------- ----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
[ ]
----------------------------- ----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.35%
----------------------------- --------------------------------------------------- ------------------------------------------------
12 TYPE OF REPORTING PERSON: IN
----------------------------- --------------------------------------------------- ------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------------ -------------------------------------------- -------------------------------------
CUSIP No. 231264102 13G Page 9 of 17
------------------------------------ -------------------------------------------- -------------------------------------
----------------------------- --------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSONS: NEIL H. KOFFLER
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
----------------------------- ----------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [X]
(B) [_]
----------------------------- ----------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------- --------------------------------------------------- ------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES
------------------------------------ ------ ------------------------------------------------ -------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------ ------------------------------------------------ -------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 420,600
OWNED BY
------ ------------------------------------------------ -------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 420,600
----------------------------- -------------------------------------------------------------- -------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 420,600
----------------------------- ----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
[ ]
----------------------------- ----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.35%
----------------------------- --------------------------------------------------- ------------------------------------------------
12 TYPE OF REPORTING PERSON: IN
----------------------------- --------------------------------------------------- ------------------------------------------------
</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
(a) and (b). This Statement on Schedule 13G (the "Schedule 13G")
relates to the common stock, par value $.01 per share (the "Common Stock"), of
Curative Health Services, Inc., a Minnesota corporation (the "Issuer"). The
address of the principal executive offices of the Issuer is 150 Motor Parkway,
Hauppauge, New York 11788-5108.
ITEM 2. NAME OF PERSON FILING
(a) Name of Person Filing:
(i) SC Fundamental Value Fund, L.P.
(ii) SC Fundamental LLC
(iii) SC Fundamental Value BVI, Ltd.
(iv) SC-BVI Partners
(v) PMC-BVI, Inc.
(vi) SC Fundamental Value BVI, Inc.
(vii) Peter M. Collery
(viii) Neil H. Koffler
(b) Address of Principal Business Office or, if None, Residence:
The principal business office of each of the filing persons
listed in Item 2(a) is as follows:
The principal business office of each of SC Fundamental Value Fund, L.P., SC
Fundamental LLC, SC-BVI Partners, PMC-BVI, Inc., SC Fundamental Value BVI, Inc.,
Peter M. Collery and Neil H. Koffler is 10 East 50th Street, 21st Floor, New
York, New York 10022.
The principal business office of SC Fundamental Value BVI, Ltd. is
c/o Citco Fund Services (Cayman Islands) Ltd., Corporate Center, West Bay Road,
Grand Cayman, Cayman Islands.
(c), (d) and (e) For information with respect to citizenship of each
of the filing persons, title of class of securities and CUSIP number for the
shares held by such persons, see the appropriate cover page above.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B)
OR (C), CHECK WHETHER THE PERSON FILING IS:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act;
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
Page 10 of 17
<PAGE>
(f) [ ] An Employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A Savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Not applicable.
ITEM 4. OWNERSHIP
(a) - (c).The response of each of the Reporting Persons to Items 5
through 11 of each of their respective Cover Sheets which relate to the
beneficial ownership of the Common Stock of the Issuer is incorporated herein by
reference. The percentage ownership of each of the Reporting Persons is based
upon 7,865,860 shares of Common Stock outstanding as of November 1, 2000 as
reported by the Issuer in its Quarterly Report on Form 10-Q for the fiscal
quarter ended September 30, 2000.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of Securities, check the following |_|.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
Page 11 of 17
<PAGE>
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below, each of the undersigned certifies that, to the best
of his or its knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
[The remainder of this page intentionally left blank.]
Page 12 of 17
<PAGE>
SIGNATURE
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.
Date: January 10, 2001
SC FUNDAMENTAL VALUE FUND, L.P.
By: SC Fundamental LLC, as General Partner
By: /s/ Neil H. Koffler
--------------------------------------------
Neil H. Koffler, Member
SC FUNDAMENTAL LLC
By: /s/ Neil H. Koffler
--------------------------------------------
Neil H. Koffler, Member
SC FUNDAMENTAL VALUE BVI, LTD.
By: SC Fundamental Value BVI, Inc., as
managing general partner of investment
manager
By: /s/ Neil H. Koffler
--------------------------------------------
Neil H. Koffler, Vice President
SCI-BVI PARTNERS
By: SC Fundamental Value BVI, Inc., as
managing general partner
By: /s/ Neil H. Koffler
--------------------------------------------
Neil H. Koffler, Vice President
PMC-BVI, INC.
By: /s/ Peter M. Collery
--------------------------------------------
Neil H. Koffler as Attorney-in-Fact for
Peter M. Collery, President (1)
Page 13 of 17
<PAGE>
SC FUNDAMENTAL VALUE BVI, INC.
By: /s/ Neil H. Koffler
--------------------------------------------
Neil H. Koffler, Vice President
/s/ Peter M. Collery
--------------------------------------------
Neil H. Koffler as Attorney-in-Fact for
Peter M. Collery (1)
/s/ Neil H. Koffler
--------------------------------------------
Neil H. Koffler
(1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery. The
Power of Attorney for Mr. Collery is attached as Exhibit 2 to the
Statement on Schedule 13D with respect to the common stock of ESG Re
Limited, filed on August 21, 2000, and is hereby incorporated by
reference.
Page 14 of 17
<PAGE>
EXHIBIT INDEX
Exhibit No. Document Page No.
----------- -------- --------
1 Joint Filing Agreement, dated January
10, 2001, among SC Fundamental Value
Fund, L.P., SC Fundamental LLC, SC
Fundamental Value BVI, Ltd., SC-BVI
Partners, PMC-BVI, Inc., SC Fundamental
Value BVI, Inc., Peter M. Collery and
Neil H. Koffler, to file joint
statement on Schedule 13G.
Page 15 of 17
