SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
THE MILLBROOK PRESS INC.
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(Name of Issuer)
Common Stock, $0.01 PAR VALUE
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(Title of Class of Securities)
600179105
--------------
(CUSIP Number)
Copy to: Stephen A. Cohen, Esq.
Applewood Associates, L.P. Morrison Cohen Singer & Weinstein, LLP
68 Wheatley Road 750 Lexington Avenue
Brookville, NY 11545 New York, New York 10022
Telephone (516) 626-3070 Telephone (212) 735-8600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
December 18, 1996
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(Date of Event which Requires Filing 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(b)(3) or (4), check the following space ___.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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 ("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).
(Continued on following page(s))
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 1 of 18
<PAGE>
CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Applewood Associates, L.P.
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2 Check the Appropriate Box if a Member of a Group* (a) [_]
(b) [_]
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3 SEC Use Only
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4 Source of Funds* WC
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5 Check Box if Disclosure of Legal Proceedings is Required [_]
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6 Citizenship or Place of Organization New York
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7 Sole Voting Power
271,213 shares 7.8%
Number of --------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 0 shares 0%
Owned By --------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting 271,213 shares 7.8%
Person --------------------------------------------------------------
With 10 Shared Dispositive Power
0 shares 0%
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11 Aggregate Amount Beneficially Owned By Each Reporting Person
271,213 shares
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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)
7.8%
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14 Type of Reporting Person* PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 18
<PAGE>
CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Barry Rubenstein
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2 Check the Appropriate Box if a Member of a Group* (a) [_]
(b) [_]
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3 SEC Use Only
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4 Source of Funds* WC,PF
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5 Check Box if Disclosure of Legal Proceedings is Required [_]
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6 Citizenship or Place of Organization United States
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7 Sole Voting Power
0 shares 0%
Number of --------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 1,260,748 shares 36.5%
Owned By --------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person --------------------------------------------------------------
With 10 Shared Dispositive Power
1,260,748 shares 36.5%
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11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,260,748 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
36.5%
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14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 18
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Irwin Lieber
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2 Check the Appropriate Box if a Member of a Group* (a) [_]
(b) [_]
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3 SEC Use Only
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4 Source of Funds* WC,PF
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5 Check Box if Disclosure of Legal Proceedings is Required [_]
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6 Citizenship or Place of Organization United States
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7 Sole Voting Power
45,857 shares 1.3%
Number of --------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 1,214,891 shares 35.2%
Owned By --------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting 45,857 shares 1.3%
Person --------------------------------------------------------------
With 10 Shared Dispositive Power
1,214,891 shares 35.2%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,260,748 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
36.5%
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14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 18
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Barry Fingerhut
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) [_]
(b) [_]
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3 SEC Use Only
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4 Source of Funds* WC,PF
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5 Check Box if Disclosure of Legal Proceedings is Required [_]
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6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
45,857 shares 1.3%
Number of --------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 1,214,891 shares 35.2%
Owned By --------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting 45,857 shares 1.3%
Person --------------------------------------------------------------
With 10 Shared Dispositive Power
1,214,891 shares 35.2%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,260,748 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
36.5%
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14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 18
<PAGE>
CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Applewood Capital Corp.
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2 Check the Appropriate Box if a Member of a Group* (a) [_]
(b) [_]
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3 SEC Use Only
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4 Source of Funds* WC
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5 Check Box if Disclosure of Legal Proceedings is Required [_]
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6 Citizenship or Place of Organization New York
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7 Sole Voting Power
0 shares 0%
Number of --------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 271,213 shares 7.8%
Owned By --------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person --------------------------------------------------------------
With 10 Shared Dispositive Power
271,213 shares 7.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
271,213 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
7.8%
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14 Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 18
<PAGE>
CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Seth Lieber
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2 Check the Appropriate Box if a Member of a Group* (a) [_]
(b) [_]
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3 SEC Use Only
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4 Source of Funds* WC,PF
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5 Check Box if Disclosure of Legal Proceedings is Required [_]
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6 Citizenship or Place of Organization United States
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7 Sole Voting Power
4,310 shares 0.1%
Number of --------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 271,213 shares 7.8%
Owned By --------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting 4,310 shares 0.1%
Person --------------------------------------------------------------
With 10 Shared Dispositive Power
271,213 shares 7.8%
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11 Aggregate Amount Beneficially Owned By Each Reporting Person
275,523 shares
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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)
8.0%
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14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 18
<PAGE>
CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Jonathan Lieber
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2 Check the Appropriate Box if a Member of a Group* (a) [_]
(b) [_]
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3 SEC Use Only
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4 Source of Funds* WC,PF
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5 Check Box if Disclosure of Legal Proceedings is Required [_]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
4,310 shares 0.1%
Number of --------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 271,213 shares 7.8%
Owned By --------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting 4,310 shares 0.1%
Person --------------------------------------------------------------
With 10 Shared Dispositive Power
271,213 shares 7.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
275,523 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 18
<PAGE>
This statement, dated December 18, 1996, relates to the reporting persons'
ownership of certain securities of The Millbrook Press Inc. (the "Issuer"). On
December 18, 1996, the Issuer offered 1,700,000 shares of its common stock to
the public in an initial public offering (the "IPO").
ITEM 1. SECURITY AND ISSUER
(a) Common Stock, $0.01 par value per share ("Common Stock")
(CUSIP No. 600179105).
(b) Bridge Financing Warrant ("Bridge Warrant"), expiring on August
29, 2001, entitling the holder thereof to purchase one share of
Common Stock at $3.00 per share, exercisable as of August 29,
1997.
(c) The Millbrook Press Inc.
2 Old New Milford Road
Brookfield, Connecticut 06804
ITEM 2. IDENTITY AND BACKGROUND
1. (a) Applewood Associates, L.P., a limited partnership organized under
the laws of the State of New York ("Applewood").
(b) Address: c/o Applewood Capital Corp.
68 Wheatley Road
Brookville, New York 11545
(c) Principal Business: Investments
(d) No.
(e) No.
The general partners of Applewood are Applewood Capital Corp. ("AC
Corp."), Barry Rubenstein, Irwin Lieber and Barry Fingerhut.
2. (a) Barry Rubenstein, a shareholder, officer and director of
InfoMedia Associates, Ltd. ("InfoMedia"), one of the general partners of each of
21st Century Communications Partners, L.P., 21st Century Communications T-E
Partners, L.P., and 21st Century Communications Foreign Partners, L.P., a
general partner of Applewood, an officer and director of Applewood Capital
Corp., a general partner of Applewood, a general director partner of Woodland
Partners, and a director of the Issuer.
(b) Address: 68 Wheatley Road
Brookville, New York 11545
(c) Principal Occupation: General partner of partnerships and limited
partnerships engaged in the investment business.
(d) No.
(e) No.
(f) Citizenship: United States.
Page 9 of 18
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Sandler Investment Partners, L.P. and InfoMedia are the general partners of
21st Century Communications Partners, L.P. ("21st Century"), 21st Century
Communications T-E Partners, L.P. ("T-E"), and 21st Century Communications
Foreign Partners, L.P. ("Foreign"). 21st Century, T-E and Foreign (sometimes
hereinafter referred to as the "21st Funds") and certain general partners, are
filing a Schedule 13D under separate cover.
3. (a) Irwin Lieber, a shareholder, officer and director of InfoMedia, a
general partner of Applewood and a shareholder, an officer and director of AC
Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investment adviser.
(d) No.
(e) No.
(f) Citizenship: United States.
4. (a) Barry Fingerhut, a shareholder, officer and director of
InfoMedia, one of the general partners of each of the 21st Funds, a general
partner of Applewood, a shareholder, officer and director of AC Corp., and
Chairman of the Board of the Issuer.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investment adviser.
(d) No.
(e) No.
(f) Citizenship: United States.
5. (a) Applewood Capital Corp., a corporation organized under the laws
of the State of New York.
(b) Address: c/o Barry Rubenstein
68 Wheatley Road
Brookville, New York 11545
(c) Principal Business: Investments.
(d) No.
(e) No.
AC Corp. is a general partner of Applewood.
6. (a) Seth Lieber, an officer of AC Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
Page 10 of 18
<PAGE>
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
7. (a) Jonathan Lieber, an officer of AC Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The individual reporting persons obtained funds for the purchase of the
shares of Common Stock from personal funds, working capital and other funds. The
partnerships and corporations obtained funds for the purchase of the shares of
Common Stock from their respective working capital and other funds.
On December 17, 1996, each of the reporting persons received shares of
Common Stock as a result of the conversion of all of the Issuer's outstanding
Series A Redeemable Voting Preferred Stock, (the "Preferred Stock") and all
accrued and unpaid dividends thereon into 473,692 shares of Common Stock. In
August 1996, the Company effected a reverse stock split of its Common Stock on
the basis of .3976 shares of Common Stock for each outstanding share of Common
Stock.
In April, 1996, in connection with a prebridge financing, Applewood, 21st
Century, T-E and Foreign loaned $250,000, $170,000, $57,000 and $23,000 (the
"Prebridge Notes"), respectively to the Issuer. In August, 1996, Applewood, 21st
Century, T-E and Foreign converted their Prebridge Notes into bridge units and
received $250,000 principal amount of Bridge Notes and 125,000 Bridge Warrants,
$170,000 principal amount of Bridge Notes and 85,000 Bridge Warrants, $57,000
principal amount of Bridge Notes and 28,500 Bridge Warrants, and $23,000
principal amount of Bridge Notes and 11,500 Bridge Warrants, respectively. The
Bridge Notes bear interest at the rate of 10% per annum and will be paid at the
consummation of the IPO.
Page 11 of 18
<PAGE>
The amount of funds used in acquiring the shares of Common Stock are set
forth below (excluding accrued and unpaid dividends on the Preferred Stock):
Name Amount of Consideration
---- -----------------------
Applewood Associates, L.P. $1,250,000
Woodland Partners $ 150,000
Barry Fingerhut $ 150,000
Irwin Lieber $ 150,000
Seth Lieber $ 25,000
Jonathan Lieber $ 25,000
On December 18, 1996 Applewood acquired 60,000 shares of Common Stock in
the open market for an aggregate purchase price of $303,750. Woodland Partners,
Barry Fingerhut and Irwin Lieber each acquired 20,000 shares of Common Stock in
the open market on December 18, 1996, each paying an aggregate of $101,250.
ITEM 4. PURPOSE OF THE TRANSACTION. The reporting persons acquired their
shares for purposes of investment. The reporting persons do not have any plans
or proposals which relate to or would result in any of the actions set forth in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
(a) The following list sets forth the aggregate number and percentage
(based on 3,455,000 shares of Common Stock outstanding as reported by the Issuer
in its Prospectus dated December 17, 1996, including the exercise of the
underwriter's overallotment option) of outstanding shares of Common Stock owned
beneficially by each person named in Item 2, as of December 18, 1996:
Page 12 of 18
<PAGE>
Percentage of Shares of
Shares of Common Stock Common Stock
Name Beneficially Owned(1) Beneficially Owned
---- --------------------- ------------------
Applewood Associates, L.P 271,213 7.8%
Barry Rubenstein.(2) 1,260,748(3)(4)(5) 36.5%
Irwin Lieber(2) 1,260,748(3)(5) 36.5%
Barry Fingerhut(2) 1,260,748(3)(5) 36.5%
Applewood Capital Corp.(2) 271,213(3) 7.8%
Seth Lieber(2) 275,523(6) 8.0%
Jonathan Lieber(2) 275,523(6) 8.0%
(b) Applewood has sole power to vote and dispose of 271,213 shares of
Common Stock, which represents approximately 7.8% of the Common Stock.
By virtue of being a general partner of Applewood and of Woodland, a
shareholder, officer and director of InfoMedia, and an officer and director of
AC Corp., Barry Rubenstein may be deemed to have shared power to vote and
dispose of 1,260,748 shares of Common Stock which represents approximately 36.5%
of the outstanding Common Stock.
Irwin Lieber has sole power to vote and dispose of 45,857 shares of Common
Stock which represents approximately 1.3% of the outstanding Common Stock. By
virtue of being a general partner of Applewood and an officer and director of AC
Corp. and a shareholder, officer and director of InfoMedia, Mr. Lieber may be
deemed to have shared power to vote and dispose of 1,214,891 shares of Common
Stock which represents approximately 35.2% of the outstanding
- ------------------
(1) Does not include shares of Common Stock issuable upon exercise of the
Bridge Warrants as the Bridge Warrants are not exercisable within 60 days
of this Schedule 13D
(2) The reporting person disclaims beneficial ownership of these securities
except to the extent of its equity ownership therein.
(3) The reporting person is a general partner of Applewood and accordingly has
shared dispositive and voting power with respect to the 271,213 shares of
Common Stock owned by Applewood.
(4) As a general partner of Woodland Partners, Mr. Rubenstein has shared
dispositive and voting power with respect to the 45,857 shares of Common
Stock owned by Woodland Partners.
(5) The reporting persons are shareholders, officers and directors of InfoMedia
Associates, Ltd. ("InfoMedia"). InfoMedia is a general partner of each of
21st Century Communications Partners, L.P. ("21st Century"), 21st Century
Communications T-E Partners, L.P. ("T-E") and 21st Century Communications
Foreign Partners, L.P. ("Foreign", and together with "T-E" and "21st
Century," the "21st Funds"). 21st Century, T-E and Foreign own,
respectively, an aggregate of 639,840, 217,696 and 86,142 shares of Common
Stock. Accordingly, the reporting persons each have shared voting and
dispositive power with respect to the aggregate 943,678 shares of Common
Stock owned by the 21st Funds.
(6) The reporting person is an officer of AC Corp. and accordingly has shared
voting and dispositive power with respect to 271,213 shares of Common Stock
owned by Applewood.
Page 13 of 18
<PAGE>
Common Stock.
Barry Fingerhut has sole power to vote and dispose of 45,857 shares of
Common Stock which represents approximately 1.3% of the outstanding Common
Stock. By virtue of being general partner of Applewood and an officer and
director of AC Corp. and shareholder, officer and director of InfoMedia, Mr.
Fingerhut may be deemed to have shared power to vote and dispose of 1,214,891
shares of Common Stock which represents approximately 35.2% of the outstanding
Common Stock.
By virtue of being a general partner of Applewood, AC Corp. may be deemed
to have shared power to vote and dispose of 271,213 shares of Common Stock which
represents approximately 7.8% of the outstanding Common Stock.
Seth Lieber has sole power to vote and dispose of 4,310 shares of Common
Stock which represents approximately 0.1% of the outstanding Common Stock and,
by virtue of being an officer of AC Corp., may be deemed to have shared power to
vote and dispose of 271,213 shares of Common Stock which represents
approximately 7.8% of the outstanding Common Stock.
Jonathan Lieber has sole power to vote and dispose of 4,310 shares of
Common Stock which represents approximately 0.1% of the outstanding Common Stock
and, by virtue of being an officer of AC Corp., may be deemed to have shared
power to vote and dispose of 271,213 shares of Common Stock which represents
approximately 7.8% of the outstanding Common Stock.
Page 14 of 18
<PAGE>
(c) The following is a description of all transaction in shares of Common
Stock of the Issuer by the persons identified in Item 2 of this Schedule 13D
effected from October 18, 1996 through December 18, 1996 inclusive.
Name of Purchase or Number of Shares Purchase or
Shareholder Sale Date Purchased or (Sold) Sale Price
- ----------- --------- ------------------- ----------
Applewood 12/18/96 60,000 $5.0625
Irwin Lieber 12/18/96 20,000 $5.0625
Barry Fingerhut 12/18/96 20,000 $5.0625
Woodland Partners acquired 20,000 shares of Common Stock on December 18,
1996.
(d) No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of such securities.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
(a) The reporting persons entered into a lock-up agreement with GKN
Securities ("GKN"), effective as of December 17, 1996. Pursuant to this
agreement, until December 17, 1998, the reporting persons shall not sell, assign
or transfer their shares of Common Stock or Bridge Warrants without the prior
written consent of GKN. Additionally, effective December 17, 1996 until December
17, 1999, Barry Fingerhut and Barry Rubenstein and the other directors and
officers of the Issuer, granted GKN rights of first refusal to purchase their
securities, or to sell for their accounts, any securities sold by such person in
the open market. These rights of first refusal are also applicable to the
securities owned by Applewood and 21st Funds, by virtue of their status as
affiliates of Messrs. Rubenstein and Fingerhut. These rights will expire on
December 17, 1999.
(b) Except for the circumstances discussed or referred to in paragraph (a)
above, there are no contracts, arrangements, understandings, or relationships
with respect to the securities of the Issuer among any of the persons reporting
in this Schedule 13D.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A Agreement dated December 18, 1996 among the reporting persons by
which they have agreed to file this Schedule 13D and all necessary amendments,
as required by Rule 13d-1(f).
Page 15 of 18
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, correct and
complete.
APPLEWOOD ASSOCIATES, L.P.
By: s/ Irwin Lieber
-----------------------------------
Irwin Lieber, General Partner
APPLEWOOD CAPITAL CORP.
By: s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein, President
s/Barry Rubenstein
-----------------------------------
Barry Rubenstein
s/Irwin Lieber
-----------------------------------
Irwin Lieber
s/Barry Fingerhut
-----------------------------------
Barry Fingerhut
s/Seth Lieber
-----------------------------------
Seth Lieber
s/Jonathan Lieber
-----------------------------------
Jonathan Lieber
Date: January 10, 1997
Page 16 of 18
<PAGE>
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C.
1001).
Page 17 of 18
<PAGE>
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act, as
amended, the undersigned hereby agree to the joint filing on behalf of each of
them on a statement on Schedule 13D (including amendments thereto) with respect
to the Common Stock, par value $.01 per share, of The Millbrook Press Inc. and
that this Agreement be included as an Exhibit to such joint filing.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 28th
day of December, 1996.
APPLEWOOD ASSOCIATES, L.P.
By: s/Irwin Lieber
-----------------------------------
Irwin Lieber, General Partner
APPLEWOOD CAPITAL CORP.
By: s/Barry Rubenstein
-----------------------------------
Barry Rubenstein, President
s/Barry Rubenstein
-----------------------------------
Barry Rubenstein
s/Irwin Lieber
-----------------------------------
Irwin Lieber
s/Barry Fingerhut
-----------------------------------
Barry Fingerhut
s/Seth Lieber
-----------------------------------
Seth Lieber
s/Jonathan Lieber
-----------------------------------
Jonathan Lieber
Page 18 of 18
