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. 5)(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)
December 31, 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 16
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
1 | Names 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
| | 795,113 shares 21.8%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 0 shares 0%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 795,113 shares 21.8%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 0 shares 0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 795,113 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 21.8%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!*
Page 2 of 16
<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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 2,032,649 shares 52.7%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 2,032,649 shares 52.7%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 2,032,649 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 52.7%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!*
Page 3 of 16
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
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
| | 172,857 shares 4.9%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,863,791 shares 49.3%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 172,857 shares 4.9%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,863,791 shares 49.3%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 2,036,648 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 52.8%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!*
Page 4 of 16
<PAGE>
CUSIP
No. 600179105 13D
================================================================================
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
| | 183,357 shares 5.2%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,877,791 shares 49.7%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 183,357 shares 5.2%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,877,791 shares 49.7%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 2,061,148 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 53.5%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!*
Page 5 of 16
<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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 795,113 shares 21.8%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 795,113 shares 21.8%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 795,113 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 21.8%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!*
Page 6 of 16
<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
| | 8,310 shares 0.2%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 795,113 shares 21.8%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 8,310 shares 0.2%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 795,113 shares 21.8%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 803,423 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 22.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!*
Page 7 of 16
<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
| | 8,310 shares 0.2%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 795,113 shares 21.8%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 8,310 shares 0.2%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 795,113 shares 21.8%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 803,423 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 22.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!*
Page 8 of 16
<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
| | 14,000 shares 0.4%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 183,357 shares 5.2%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 14,000 shares 0.4%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 183,357 shares 5.2%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 197,357 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 5.6%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!*
Page 9 of 16
<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
| | 4,000 shares 0.1%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 0 shares 0%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 4,000 shares 0.1%
Person |-----------------------------------------------------------
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 16
<PAGE>
This statement, dated December 31, 1998, constitutes Amendment No. 5 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. 5 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
6. (a) Seth Lieber, a general partner of Applewood and an officer
of Applewood Capital.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States
7. (a) Jonathan Lieber, a general partner of Applewood and an
officer of Applewood Capital.
(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
Woodland Partners acquired an additional 11,000 shares of Common
Stock for an aggregate of $22,000. The source of funds was
working capital.
Barry Fingerhut acquired an additional 23,500 shares of Common
Stock for an aggregate of $46,219. The source of funds was
working capital and personal funds.
Applewood Associates, L.P. acquired an additional 23,900 shares
of Common Stock for an aggregate of $153,280. The source of
funds was working capital.
Page 11 of 16
<PAGE>
ITEM 4. PURPOSE OF THE TRANSACTION. Other than each of Barry Rubenstein
and Barry Fingerhut's capacity as directors of the Issuer, no reporting person
has a present plan or proposal which relates to or results in any of the matters
set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D except as
set forth herein.
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 October 31, 1998) of
outstanding shares of Common Stock owned beneficially by each person named in
Item 2, as of December 31, 1998;
Page 12 of 16
<PAGE>
<TABLE>
<CAPTION>
Percentage of Shares of
Shares of Common Stock Common Stock
Name Beneficially Owned(2) Beneficially Owned(2)
- ---- ---------------------- ----------------------
<S> <C> <C>
Applewood Associates, L.P 795,113 21.8%
Barry Rubenstein 2,032,649(3),(4),(5),(6),(7) 52.7%
Irwin Lieber 2,036,648(3),(4),(6) 52.8%
Barry Fingerhut 2,061,148(3),(4),(6),(8),(10) 53.5%
Applewood Capital Corp. 795,113(3),(4) 21.8%
Seth Lieber 803,423(3),(9) 22.0%
Jonathan Lieber 803,423(3),(9) 22.0%
Pamela Fingerhut 197,357(3),(8),(10) 5.6%
Brian Rubenstein 4,000(7) 0.1%
</TABLE>
(b) Applewood has sole power to vote and to dispose of 595,113
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/its 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 595,113
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 89,858 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, each of the reporting persons have shared voting
and dispositive power with respect to an aggregate of 1,068,678 shares
of Common Stock, including 125,000 shares of Common Stock issuable
upon the exercise of the Bridge Warrants, owned by the 21st Funds.
(7) Includes 4,000 shares of Common Stock held by Brian Rubenstein.
(8) Includes 108,357 shares of Common Stock and 75,000 shares of Common
Stock issuable upon the exercise of the Bridge Warrants owned by Barry
Fingerhut.
(9) The reporting person is a general partner of Applewood and an officer
of Applewood Capital Corp. ("AC Corp.") and accordingly has shared
voting and dispositive power with respect to 595,113 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.
(10) Includes 14,000 shares of Common Stock owned by Pamela Fingerhut.
Page 13 of 16
<PAGE>
Warrants, which represents approximately 21.8% 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 1,632,649 shares of
Common Stock and 400,000 shares of Common Stock issuable upon the exercise of
the Bridge Warrants, which represents approximately 52.7% 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 1,538,791 shares of Common Stock and 325,000 shares of Common Stock issuable
upon the exercise of the Bridge Warrants, which represents approximately 49.3%
of the outstanding Common Stock.
Barry Fingerhut has sole power to vote and to dispose of 108,357
shares of Common Stock and 75,000 shares of Common Stock issuable upon the
exercise of the Bridge Warrants, which represents approximately 5.2% 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 1,552,791 shares of Common Stock and
325,000 shares of Common Stock issuable upon the exercise of the Bridge
Warrants, which represents approximately 49.7% 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 595,113 shares of
Common Stock and 200,000 shares of Common Stock issuable upon the exercise of
the Bridge Warrants, which represents approximately 21.8% 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 a general partner of Applewood and an officer of AC
Corp., Mr. Lieber may be deemed to have shared power to vote and to dispose of
595,113 shares of Common Stock and 200,000 shares of Common Stock issuable upon
the exercise of the Bridge Warrants, which represents approximately 21.8% 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 a general partner of Applewood and an officer
of AC Corp., Mr. Lieber may be deemed to have shared power to vote and to
dispose of 595,113 shares of Common Stock and 200,000 shares of Common Stock
issuable upon the exercise of the Bridge Warrants, which represents
approximately 21.8% of the outstanding Common Stock.
Page 14 of 16
<PAGE>
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 dispose of 108,357 shares of
Common Stock and 75,000 shares of Common Stock issuable upon the exercise of the
Bridge Warrants, which represents approximately 5.2% 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 October 30, 1998 through December 31, 1998,
inclusive.
<TABLE>
<CAPTION>
Name of Purchase or Number of Shares Purchase or
Shareholder Sale Date Purchased or (Sold) Sale Price
- ----------- --------- ------------------- ----------
<S> <C> <C> <C>
Applewood Associates, L.P. 12/31/98 23,900 $6.41
</TABLE>
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.
Page 15 of 16
<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: January 21, 1999 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 16
