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SECURITIES AND 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)
(Amendment No. 5)*
BRIO INDUSTRIES, INC.
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
10970E104
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(CUSIP Number)
David J. Schwartz, Esq., c/o Anderson Kill & Olick, P.C.
1251 Avenue of the Americas, New York, New York 10020 (212) 278-1000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
September 14, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 11 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
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 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).
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SCHEDULE 13D
<TABLE>
<CAPTION>
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CUSIP No. 10970E104 Page 2 of 11 Pages
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<S> <C> <C>
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ernest P. Werlin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
---
NUMBER OF ------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ---
OWNED BY ------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ---
PERSON ------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
---
- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
---
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP No. 10970E104 Page 3 of 11 Pages
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<S> <C> <C>
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Peter J. Powers
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
---
NUMBER OF ------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ---
OWNED BY ------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ---
PERSON ------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
---
- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
---
- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0
- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP No. 10970E104 Page 4 of 11 Pages
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<S> <C> <C>
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The High View Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
---
NUMBER OF ------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ---
OWNED BY ------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ---
PERSON ------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
---
- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
---
- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0
- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP No. 10970E104 Page 5 of 11 Pages
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<S> <C> <C>
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The High View Fund II, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
---
NUMBER OF ------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ---
OWNED BY ------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ---
PERSON ------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
---
- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
---
- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0
- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP No. 10970E104 Page 6 of 11 Pages
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<S> <C> <C>
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
High View Capital Corporation
- ------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
---
NUMBER OF ------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ---
OWNED BY ------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ---
PERSON ------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
---
- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
---
- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0
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14 TYPE OF REPORTING PERSON*
CO
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP No. 10970E104 Page 7 of 11 Pages
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<S> <C> <C>
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The High View Fund
- ------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Cayman Islands
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7 SOLE VOTING POWER
---
NUMBER OF ------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ---
OWNED BY ------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ---
PERSON ------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
---
- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
---
- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0
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14 TYPE OF REPORTING PERSON*
OO
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP No. 10970E104 Page 8 of 11 Pages
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<S> <C> <C>
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
High View Asset Management Corporation
- ------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
Not Applicable
- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
---
NUMBER OF ------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ---
OWNED BY ------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ---
PERSON ------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
---
- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
---
- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0
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14 TYPE OF REPORTING PERSON*
CO
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</TABLE>
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Page 9 of 11 Pages
BRIO INDUSTRIES, INC.
(CUSIP NO. 10970E104)
This Amendment No. 5 on Schedule 13D ("Amendment No. 5") relates to the
Statement on Schedule 13D filed on September 20, 1996 and amended on October 30,
1996, September 23, 1997, September 30, 1997, and April 16, 1998 ("Amended
Schedule 13D"). Amendment No. 5 is being filed to reflect, among other things,
(i) certain open market transactions in securities of the Issuer by certain
Reporting Persons, (ii) the fact that, as of October 27, 1998, none of the
Reporting Persons may be deemed to have beneficial ownership for purposes of
Section 13 of any securities of the Issuer, and (iii) as a result of (ii), none
of the Reporting Persons (collectively, the "Group") may be deemed to be subject
to reporting requirements of Section 13 in connection with securities of the
Issuer. Any capitalized term used herein and not otherwise defined shall have
the meaning ascribed to it in Amended Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 of Amended Schedule 13D is amended by replacing the word "acquired" in
the first sentence of the paragraph beginning "Each of the Delaware Fund, the
Cayman Fund, Fund II and Ernest P. Werlin is making this filing because each of
them has acquired" with the words "engaged in open market transactions in".
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 of Amended Schedule 13D is amended by adding the following to the first
paragraph:
In a series of open market transactions over the period from
July 15, 1998 to October 16, 1998, the Delaware Fund disposed of 502,070 shares
of Common Stock for a total price of $534,936.90, and Fund II disposed of 78,160
shares of Common Stock for a total price of $83,126.80.
Item 3 of Amended Schedule 13D is amended further by adding the following to the
second paragraph:
In a series of open market transactions over the period from
July 15, 1998 to October 16, 1998, the Cayman Fund disposed of 236,270 shares of
Common Stock for a total price of $251,791.08.
Item 3 of Amended Schedule 13D is amended further by adding the following to the
third paragraph:
In open market transactions on October 22 and October 23,
1998, Mr. Werlin disposed of 15,000 shares of Common Stock for a total price of
$20,625. In open market transactions on October 27, 1998, Mr. Werlin acquired
40,000 shares of Common Stock for a total price of $50,000, which amount came
from Mr. Werlin's personal funds. In an open market transaction on October 27,
1998, Mr. Werlin disposed of 172,000 shares of Common Stock at a total price of
$172,000.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of Amended Schedule 13D is amended by replacing item 4 therein with the
following:
None of the Delaware Fund, Fund II, the Cayman Fund, or Mr.
Werlin any longer holds any shares of Common Stock to which this statement on
Schedule 13D relates. Each of the Delaware Fund, Fund II, the Cayman Fund and
Mr. Werlin acquired and/or disposed of its or his respective shares of Common
Stock, as described in Item 3 and Item 5 herein and to which this statement on
Schedule 13D relates, for purposes of its or his investment objectives. At
present, neither the Delaware Fund, Fund II, the Cayman Fund, Mr. Werlin, nor
any other Reporting Person has any plans to purchase shares of Common Stock.
Except as disclosed in this Item 4, neither the Delaware Fund, Fund II, the
Cayman Fund, Mr. Werlin, nor any other Reporting Person has current plans or
proposals which relate to or would result in any of the events described in
Items (a) through (j) of the instructions to Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of Amended Schedule 13D is amended by replacing parts (a), (b), (c) and
(e) therein with the following:
(a) and (b)
As of October 27 1998, neither the Delaware Fund, Fund II,
HVCC, the Cayman Fund, HVAM, Mr. Powers nor Mr. Werlin beneficially holds any
shares of Common Stock. As of October 27, 1998, none of the Reporting Persons
may be deemed to be the beneficial owner of any shares of Common Stock for
purposes of Section 13 or for any other purpose.
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Page 10 of 11 Pages
(c)
In open market transactions on July 15, 1998, at the price of
$2.1042 per share, the Delaware Fund disposed of 9,100 shares of Common Stock,
the Cayman Fund disposed of 4,300 shares of Common Stock, and Fund II disposed
of 1,400 shares of Common Stock. In open market transactions on July 16, 1998,
at the price of $2.0625 per share, the Delaware Fund disposed of 24,400 shares
of Common Stock, the Cayman Fund disposed of 11,500 shares of Common Stock, and
Fund II disposed of 3,800 shares of Common Stock. In open market transactions on
July 21, 1998, at the price of $2.0625 per share, the Delaware Fund disposed of
9,200 shares of Common Stock, the Cayman Fund disposed of 4,300 shares of Common
Stock, and Fund II disposed of 1,400 shares of Common Stock. In open market
transactions on July 22, 1998, at the price of $2.0938 per share, the Delaware
Fund disposed of 6,100 shares of Common Stock, the Cayman Fund disposed of 2,900
shares of Common Stock, and Fund II disposed of 900 shares of Common Stock. In
open market transactions on September 14, 1998, at the price of $1.00 per share,
the Delaware Fund disposed of 4,900 shares of Common Stock, the Cayman Fund
disposed of 2,300 shares of Common Stock, and Fund II disposed of 800 shares of
Common Stock. In further open market transactions on September 14, 1998, at the
price of $0.97 per share, the Delaware Fund disposed of 36,600 shares of Common
Stock, the Cayman Fund disposed of 17,200 shares of Common Stock, and Fund II
disposed of 5,700 shares of Common Stock. In open market transactions on
September 15, 1998, at the price of $0.94 per share, the Delaware Fund disposed
of 6,100 shares of Common Stock, the Cayman Fund disposed of 2,800 shares of
Common Stock, and Fund II disposed of 1,000 shares of Common Stock. In open
market transactions on September 16, 1998, at the price of $0.94 per share, the
Delaware Fund disposed of 6,100 shares of Common Stock, the Cayman Fund disposed
of 2,800 shares of Common Stock, and Fund II disposed of 1,000 shares of Common
Stock. In open market transactions on September 17, 1998, at the price of $0.94
per share, the Delaware Fund disposed of 61,000 shares of Common Stock, the
Cayman Fund disposed of 28,700 shares of Common Stock, and Fund II disposed of
9,500 shares of Common Stock. In open market transactions on September 22, 1998,
at the price of $0.95 per share, the Delaware Fund disposed of 12,800 shares of
Common Stock, the Cayman Fund disposed of 6,000 shares of Common Stock, and Fund
II disposed of 2,000 shares of Common Stock. In open market transactions on
September 23, 1998, at the price of $1.00 per share, the Delaware Fund disposed
of 15,200 shares of Common Stock, the Cayman Fund disposed of 7,200 shares of
Common Stock, and Fund II disposed of 2,400 shares of Common Stock. In open
market transactions on September 24, 1998, at the price of $1.00 per share, the
Delaware Fund disposed of 6,100 shares of Common Stock, the Cayman Fund disposed
of 2,900 shares of Common Stock, and Fund II disposed of 900 shares of Common
Stock. In open market transactions on September 25, 1998, at the price of $1.00
per share, the Delaware Fund disposed of 6,100 shares of Common Stock, the
Cayman Fund disposed of 2,900 shares of Common Stock, and Fund II disposed of
900 shares of Common Stock. In open market transactions on October 12, 1998, at
the price of $1.125 per share, the Delaware Fund disposed of 12,300 shares of
Common Stock, the Cayman Fund disposed of 5,700 shares of Common Stock, and Fund
II disposed of 1,900 shares of Common Stock. In open market transactions on
October 13, 1998, at the price of $0.84 per share, the Delaware Fund disposed of
122,100 shares of Common Stock, the Cayman Fund disposed of 57,500 shares of
Common Stock, and Fund II disposed of 19,000 shares of Common Stock. In open
market transactions on October 15, 1998, at the price of $1.375 per share, the
Delaware Fund disposed of 12,200 shares of Common Stock, the Cayman Fund
disposed of 5,800 shares of Common Stock, and Fund II disposed of 1,800 shares
of Common Stock. In open market transactions on October 16, 1998, at the price
of $1.00 per share, the Delaware Fund disposed of 151,770 shares of Common
Stock, the Cayman Fund disposed of 71,470 shares of Common Stock, and Fund II
disposed of 23,760 shares of Common Stock. In an open market transaction on
October 22, 1998, Mr. Werlin disposed of 10,000 shares of Common Stock at the
price of $1.40625 per share. In an open market transaction on October 23, 1998,
Mr. Werlin disposed of 5,000 shares of Common Stock at the price of $1.3125 per
share. In open market transactions on October 27, 1998, Mr. Werlin acquired
40,000 shares of Common Stock at the price of $1.25 per share. In an open market
transaction on October 27, 1998, Mr. Werlin disposed of 172,000 shares of Common
Stock at the price of $1.00 per share. Except as discussed in this Item 5(c), no
other transactions in shares of Common Stock were effected in the past 60 days
by any of the Reporting Persons.
(e)
As of October 27, 1998, neither any of the Reporting Persons
nor the Group could be deemed to be the beneficial owner of more than five
percent of the outstanding shares of Common Stock.
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Page 11 of 11 Pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: November 9, 1998
/s/ ERNEST P. WERLIN
------------------------------------
Ernest P. Werlin
/s/ PETER J. POWERS
------------------------------------
Peter J. Powers
THE HIGH VIEW FUND, L.P.
By: High View Capital Corporation,
its general partner
By: /s/ ERNEST P. WERLIN
---------------------------------
Ernest P. Werlin
President
THE HIGH VIEW FUND II, L.P.
By: High View Capital Corporation,
its general partner
By: /s/ ERNEST P. WERLIN
---------------------------------
Ernest P. Werlin
President
HIGH VIEW CAPITAL CORPORATION
By: /s/ ERNEST P. WERLIN
---------------------------------
Ernest P. Werlin
President
THE HIGH VIEW FUND
By: /s/ RHONDA D. McDEIGAN-ELDRIDGE
--------------------------------
Rhonda D. McDeigan-Eldridge
Director
HIGH VIEW ASSET MANAGEMENT CORPORATION
By: /s/ ERNEST P. WERLIN
-----------------------------------
Ernest P. Werlin
President
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