SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a).
(Amendment No. 4)(1)
THE MILLBROOK PRESS INC.
- ------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
- ------------------------------------------------------------------------------
(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)
September 24, 1998
- ------------------------------------------------------------------------------
(Date of Event which Requires Filing 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 Rule 13d-1(e, 13d-1(f) or 13d-(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 page(s))
- --------
(1) 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).
Page 1 of 17
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Applewood Associates, L.P.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 771,213 shares 21.1%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 771,213 shares 21.1%
With --------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
771,213 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
21.1%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 17
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Barry Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC, PF
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,997,748 shares 51.8%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
1,997,748 shares 51.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,997,748 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
51.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 17
<PAGE>
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Irwin Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC, PF
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 172,857 shares 4.9%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,839,891 shares 48.7%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 172,857 shares 4.9%
With --------------------------------------------------------------
10 Shared Dispositive Power
1,839,891 shares 48.7%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
2,012,748 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
52.2%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 17
<PAGE>
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Barry Fingerhut
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC, PF
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 159,857 shares 4.5%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,853,891 shares 49.0%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 159,857 shares 4.5%
With --------------------------------------------------------------
10 Shared Dispositive Power
1,853,891 shares 49.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
2,013,748 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
52.2%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 17
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Applewood Capital Corp.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 771,213 shares 21.1%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
771,213 shares 21.1%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
771,213 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
21.1%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 17
<PAGE>
CUSIP
No. 600179105 13D
===============================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Seth Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC, PF
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 8,310 shares 0.2%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 771,213 shares 21.1%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 8,310 shares 0.2%
With --------------------------------------------------------------
10 Shared Dispositive Power
771,213 shares 21.1%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
779,523 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
21.3%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 17
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons
Jonathan Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC, PF
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 8,310 shares 0.2%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 771,213 shares 21.1%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 8,310 shares 0.2%
With --------------------------------------------------------------
10 Shared Dispositive Power
771,213 shares 21.1%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
779,523 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
21.3%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 17
<PAGE>
CUSIP
No. 600179105 13D
===============================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons
Pamela Fingerhut
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC, PF
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 14,000 shares 0.4%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 159,857 shares 4.5%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 14,000 shares 0.4%
With --------------------------------------------------------------
10 Shared Dispositive Power
159,857 shares 4.5%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
173,857 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
4.9%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 17
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons
Brian Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC, PF
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 4,000 shares 0.1%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 4,000 shares 0.1%
With --------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,000 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.1%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 17
<PAGE>
This statement, dated September 24, 1998, constitutes Amendment No. 4 to
the Schedule 13D, dated December 18, 1996, regarding the reporting persons'
ownership of certain securities of The Millbrook Press Inc. (the "Issuer").
The Schedule 13D is hereinafter referred to as the "Schedule." All
capitalized terms used herein and otherwise undefined shall have the meanings
ascribed in the Schedule.
This Amendment No. 4 to the Schedule is filed in accordance with Rule
13d-2 of the Securities Exchange Act of 1934, as amended, by the reporting
persons. It shall refer only to information which has materially changed since
the filing of the Schedule.
ITEM 2. IDENTITY AND BACKGROUND
8. (a) Pamela Fingerhut, the wife of Barry Fingerhut.
(b) Address: 733 Park Avenue
New York, New York 10021
(c) Principal Occupation: Sculptor
(d) No.
(e) No.
(f) Citizenship: United States
9. (a) Brian Rubenstein, the son of Barry Rubenstein.
(b) Address: 68 Wheatley Road
Brookville, New York 11545
(c) Principal Occupation: Research Analyst.
(d) No.
(e) No.
(f) Citizenship: United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Pamela Fingerhut acquired 14,000 shares of Common Stock for an
aggregate of $36,178. The source of funds was working capital and
personal funds.
Brian Rubenstein acquired 4,000 shares of Common Stock for an
aggregate of $10,060. The source of funds was working capital and
personal funds.
Seth Lieber acquired an additional 4,000 shares of Common Stock for
an aggregate of $10,060. The source of funds was working capital and
personal funds.
Jonathan Lieber acquired an additional 4,000 shares of Common Stock
for an aggregate of $10,060. The source of funds was working capital
and personal funds.
Page 11 of 17
<PAGE>
Irwin Lieber acquired an additional 13,000 shares of Common Stock
for an aggregate of $33,388. The source of funds was working capital
and personal funds.
Woodland Partners acquired an additional 13,000 shares of Common
Stock for an aggregate of $33,388. The source of funds was working
capital.
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 Form 10-Q for the quarter ended April 30, 1998) of outstanding
shares of Common Stock owned beneficially by each person named in Item 2, as of
October 1, 1998;
Page 12 of 17
<PAGE>
Percentage of Shares of
Shares of Common Stock Common Stock
Name Beneficially Owned(2) Beneficially Owned(2)
- ---- ------------------ -------------------------
Applewood Associates, L.P 771,213 21.1%
Barry Rubenstein(3) 1,997,748(4,5,6,7) 51.8%
Irwin Lieber(3) 2,012,748(4,6) 52.2%
Barry Fingerhut(3) 2,013,748(4,6,10) 52.2%
Applewood Capital Corp.(3) 771,213(4) 21.1%
Seth Lieber(3) 779,523(8) 21.3%
Jonathan Lieber(3) 779,523(8) 21.3%
Pamela Fingerhut(3) 173,857(9,10) 4.9%
Brian Rubenstein 4,000(7) 0.1%
(b) Applewood has sole power to vote and to dispose of 571,213
shares of Common Stock and 200,000 shares of Common Stock issuable upon the
exercise of the Bridge
- --------
(2) Includes shares of Common Stock issuable upon the exercise of the
Bridge Warrants.
(3) The reporting person disclaims beneficial ownership of these securities
except to the extent of his/her equity ownership therein.
(4) The reporting person is a general partner of Applewood and accordingly has
shared dispositive and voting power with respect to the 571,213 shares of
Common Stock and 200,000 shares of Common Stock issuable upon the exercise
of the Bridge Warrants owned by Applewood.
(5) As a general partner of Woodland Partners, Mr. Rubenstein has shared
dispositive and voting power with respect to the 78,857 shares of Common
Stock and 75,000 shares of Common Stock issuable upon the exercise of the
Bridge Warrants owned by Woodland Partners.
(6) 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 and 85,000, 28,500 and 11,500 shares of Common Stock issuable upon
the exercise of the Bridge Warrants. Accordingly, the reporting persons
each have shared voting and dispositive power with respect to the aggregate
1,068,678 shares of Common Stock owned by the 21st Funds.
(7) Includes 4,000 shares of Common Stock held by Brian Rubenstein.
(8) The reporting person is an officer of Applewood Capital Corp. ("AC Corp.")
and accordingly has shared voting and dispositive power with respect to
571,213 shares of Common Stock owned by Applewood and 200,000 shares of
Common Stock issuable upon the exercise of the Bridge Warrants owned by
Applewood.
(9) Includes 84,857 shares of Common Stock and 75,000 shares of Common Stock
issuable upon the exercise of the Bridge Warrants owned by Barry Fingerhut.
(10) Includes 14,000 shares of Common Stock owned by Pamela Fingerhut.
Page 13 of 17
<PAGE>
Warrants, which represents approximately 21.1% of the outstanding Common Stock.
By virtue of being a general partner of Applewood and of Woodland
Partners, a shareholder, officer and director of InfoMedia, an officer and
director of AC Corp., and the father of Brian Rubenstein, Barry Rubenstein may
be deemed to have shared power to vote and to dispose of 1,597,748 shares of
Common Stock and 400,000 shares of Common Stock issuable upon the exercise of
the Bridge Warrants, which represents approximately 51.8% of the outstanding
Common Stock.
Irwin Lieber has sole power to vote and to dispose of 97,857 shares
of Common Stock and 75,000 shares of Common Stock issuable upon the exercise of
the Bridge Warrants, which represents approximately 4.9% 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 to dispose of
1,514,891 shares of Common Stock and 325,000 shares of Common Stock issuable
upon the exercise of the Bridge Warrants, which represents approximately 48.7%
of the outstanding Common Stock.
Barry Fingerhut has sole power to vote and to dispose of 84,857
shares of Common Stock and 75,000 shares of Common Stock issuable upon the
exercise of the Bridge Warrants, which represents approximately 4.5% of the
outstanding Common Stock. By virtue of being a general partner of Applewood and
an officer and director of AC Corp., a shareholder, officer and director of
InfoMedia and the husband of Pamela Fingerhut, Mr. Fingerhut may be deemed to
have shared power to vote and to dispose of 1,528,891 shares of Common Stock and
325,000 shares of Common Stock issuable upon the exercise of the Bridge
Warrants, which represents approximately 49.0% 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 to dispose of 571,213 shares of Common
Stock and 200,000 shares of Common Stock issuable upon the exercise of the
Bridge Warrants, which represents approximately 21.1% of the outstanding Common
Stock.
Seth Lieber has sole power to vote and to dispose of 8,310 shares of
Common Stock, which represents approximately 0.2% of the outstanding Common
Stock. By virtue of being an officer of AC Corp., Mr. Lieber may be deemed to
have shared power to vote and to dispose of 571,213 shares of Common Stock and
200,000 shares of Common Stock issuable upon the exercise of the Bridge
Warrants, which represents approximately 21.1% of the outstanding Common Stock.
Jonathan Lieber has sole power to vote and to dispose of 8,310
shares of Common Stock, which represents approximately 0.2% of the outstanding
Common Stock. By virtue of being an officer of AC Corp., Mr. Lieber may be
deemed to have shared power to vote and to dispose of 571,213 shares of Common
Stock and 200,000 shares of Common Stock issuable upon the exercise of the
Bridge Warrants, which represents approximately 21.1% of the outstanding Common
Stock.
Pamela Fingerhut has sole power to vote and to dispose of 14,000
shares of Common Stock, which represents approximately 0.4% of the outstanding
Common Stock. By virtue of being the wife of Barry Fingerhut, Pamela Fingerhut
may be deemed to have shared power to vote and to
Page 14 of 17
<PAGE>
dispose of 84,857 shares of Common Stock and 75,000 shares of Common Stock
issuable upon the exercise of the Bridge Warrants, which represents
approximately 4.5% of the outstanding Common Stock.
Brian Rubenstein has sole power to vote and to dispose of 4,000
shares of Common Stock, which represents approximately 0.1% of the outstanding
Common Stock.
(c) The following is a description of all transactions in shares of
Common Stock of the Issuer by the persons identified in Item 2 of this Schedule
13D effected from July 25, 1998 through October 1, 1998, inclusive.
Name of Purchase or Number of Shares Purchase or
Shareholder Sale Date Purchased or (Sold) Sale Price
- ----------- --------- ------------------- ----------
Woodland Partners 9/22/98 4,000 $2.24
9/24/98 6,000 $2.79
10/1/98 3,000 $2.56
Irwin Lieber 9/22/98 4,000 $2.24
9/24/98 6,000 $2.79
10/1/98 3,000 $2.56
Jonathan Lieber 9/22/98 2,000 $2.24
9/24/98 2,000 $2.79
Seth Lieber 9/22/98 2,000 $2.24
9/24/98 2,000 $2.79
Pamela Fingerhut 9/22/98 4,000 $2.24
9/24/98 7,000 $2.79
10/1/98 3,000 $2.56
Brian Rubenstein 9/22/98 2,000 $2.24
9/24/98 2,000 $2.79
The shares of Common Stock were acquired in the
over-the-counter market.
(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 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A Agreement dated effective as of September 24, 1998 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 17
<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.
Dated: October 9, 1998
APPLEWOOD ASSOCIATES, L.P.
By:Irwin Lieber
---------------------------
Irwin Lieber, General Partner
APPLEWOOD CAPITAL CORP.
By:Barry Rubenstein
---------------------------
Barry Rubenstein, President
Barry Rubenstein
------------------------------
Barry Rubenstein
Irwin Lieber
------------------------------
Irwin Lieber
Barry Fingerhut
------------------------------
Barry Fingerhut
Seth Lieber
------------------------------
Seth Lieber
Jonathan Lieber
------------------------------
Jonathan Lieber
Pamela Fingerhut
------------------------------
Pamela Fingerhut
Brian Rubenstein
------------------------------
Brian Rubenstein
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C.
1001).
Page 16 of 17
<PAGE>
Exhibit A
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
effective as of the 24th day of September, 1998.
APPLEWOOD ASSOCIATES, L.P.
By:Irwin Lieber
------------------------------
Irwin Lieber, General Partner
APPLEWOOD CAPITAL CORP.
By:Barry Rubenstein
------------------------------
Barry Rubenstein, President
Barry Rubenstein
------------------------------
Barry Rubenstein
Irwin Lieber
------------------------------
Irwin Lieber
Barry Fingerhut
------------------------------
Barry Fingerhut
Seth Lieber
------------------------------
Seth Lieber
Jonathan Lieber
------------------------------
Jonathan Lieber
Pamela Fingerhut
------------------------------
Pamela Fingerhut
Brian Rubenstein
------------------------------
Brian Rubenstein
Page 17 of 17
