UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1 - Final Filing)
EP MEDSYSTEMS, INC.
---------------------
(Name of Issuer)
Common Stock, Par Value $.001
----------------------------------------------------
(Title of Class of Securities)
26881P103
------------------------
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of section 18 of the Securities Exchange Act of
1934 ("Act") or to 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 Pages
<PAGE>
SCHEDULE 13G
-------------------
- -----------------------
CUSIP No. 26881P103 Page 2 of 17 Pages
- ----------------------- ------------------------
===============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The SC Fundamental Value Fund, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
- -------------------------------------------------------------------------------
6 SHARED VOTING POWER
221,880
- -------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
221,880
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
221,880
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.0%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
===============================================================================
<PAGE>
SCHEDULE 13G
- -------------------------------
CUSIP No. 26881P103 Page 3 of 17 Pages
- -------------------------------- -------------------------------
============ ==================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SC Fundamental Value BVI, Ltd.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- -----------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
- -----------------------------------------------------------------------------
6 SHARED VOTING POWER
183,688
- -------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
183,688
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
183,688
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
===============================================================================
<PAGE>
SCHEDULE 13G
- ---------------------------- ------------------------------------
CUSIP No. 26881P103 Page 4 of 17 Pages
- ---------------------------- ------------------------------------
===============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SC Fundamental Inc.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
- -------------------------------------------------------------------------------
6 SHARED VOTING POWER
221,880
- -------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
221,880
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
221,880
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.0%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
==================================================----=========================
<PAGE>
SCHEDULE 13G
- ------------------------------ ----------------------------
CUSIP No. 26881P103 Page 5 of 17 Pages
- ----------------------------- ----------------------------
============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SC Fundamental Value BVI, Inc.
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
- -------------------------------------------------------------------------------
6 SHARED VOTING POWER
183,688
- -------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
183,688
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
183,688
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
===============================================================================
<PAGE>
SCHEDULE 13G
- ----------------------------- -----------------------------
CUSIP No. 26881P103 Page 6 of 17 Pages
- ----------------------------- -----------------------------
===============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SC Fundamental, LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
- -------------------------------------------------------------------------------
6 SHARED VOTING POWER
221,880
- -------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
221,880
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
221,880
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.0%
- -------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
OO
===========================================================================
<PAGE>
SCHEDULE 13G
- ----------------------------------- ----------------------------
CUSIP No. 26881P103 Page 7 of 17 Pages
- ------------------------------------ ----------------------------
===============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SC-BVI Partners
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
- -------------------------------------------------------------------------------
6 SHARED VOTING POWER
183,688
- -------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
183,688
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
183,688
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
===============================================================================
<PAGE>
SCHEDULE 13G
- ----------------------------- ------------------------------------
CUSIP No. 26881P103 Page 8 of 17 Pages
- -------------------------------- ------------------------------------
===============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter M. Collery
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------=====-------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
- -------------------------------------------------------------------------------
6 SHARED VOTING POWER
405,568
- -------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
405,568
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
405,568
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
===============================================================================
<PAGE>
SCHEDULE 13G
- -------------------------------- -----------------------------------
CUSIP No. 26881P103 Page 9 of 17 Pages
- -------------------------------- ----------------------------------
===============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Neil H. Koffler
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
- -------------------------------------------------------------------------------
6 SHARED VOTING POWER
405,568
- -------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
405,568
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
405,568
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
===============================================================================
<PAGE>
Page 10 of 17 Pages
SCHEDULE 13G
Item 1.
(a) Name of Issuer:
EP Medsystems, Inc.
(b) Address of Issuer's Principal Executive Office:
100 Stierli Court
Suite 107
Mount Arlington, NJ 07856
Item 2. Name of Person Filing
(a) Name of Person Filing:
The SC Fundamental Value Fund, L.P. ("Fund")
SC Fundamental Value BVI, Ltd. ("BVI Fund")
SC Fundamental Inc. ("SC")
SC Fundamental Value BVI, Inc. ("BVI Inc.")
SC Fundamental, LLC ("SCFLLC")
SC-BVI Partners ("SC-BVI")
Peter M. Collery ("Collery")
Neil H. Koffler ("Koffler")
(b) Address of Principal Office:
10 East 50th Street
New York, New York
10022
(c) Citizenship/Organization:
Fund - Delaware
BVI Fund - British Virgin Islands
SC - Delaware
BVI Inc. - Delaware
SCFLLC - New York
SC-BVI Partners - Delaware
Collery - United States
Koffler - United States
<PAGE>
Page 11 of 17 Pages
(d) Title Class of Securities:
Common Stock, Par Value $.001
(e) CUSIP Number: 26881P103
Item 3. If this Statement is filed pursuant to ss.ss. 240.13(d)-1(b
or 240.13d-2(b) or (c), check whether the person filing is a:
If this Statement is filed pursuant to ss.240.13(d)-1(c), check this
box [x].
Item 4. Ownership.
I. Fund, SCFLLC and SC
(a) Amount Beneficially Owned: Fund, SCFLLC and SC
SCFLLC, as the general partner of Fund, and SC, as the corporate member and
manager of SCFLLC, may be deemed to share with Fund the power to vote or direct
the vote and to dispose or to direct the disposition of the 221,880 shares
of Common Stock of which Fund is the direct beneficial owner.
(b) Percent of Class: 2.0%
(c) Number of Shares to Which Such Person Has:
(i) Sole voting power - 0 (ii) Shared voting power
- 221,880
(iii) Sole dispositive power - 0 (iv) Shared
dispositive power - 221,880
II. BVI Fund, BVI Inc. and SC-BVI Partners
(a) Amount Beneficially Owned: BVI Fund, BVI Inc. and
SC-BVI Partners
BVI Inc., as the managing general partner of SC-BVI Partners,
and SC-BVI Partners, as the investment manager of BVI Fund, may be deemed to
share with BVI Fund the power to vote or direct the vote and to dispose or
direct the disposition of the 183,688 shares of Common Stock of which BVI Fund
is the direct beneficial owner.
(b) Percent of Class: 1.7%
<PAGE>
Page 12 of 17 Pages
(c) Number of Shares to Which Such Person Has:
(i) Sole voting power - 0
(ii) Shared voting power - 183,688
(iii) Sole dispositive power - 0
(iv) Shared dispositive power - 183,688
III. Collery and Koffler
(a) Amount Beneficially Owned: Collery and Koffler
Collery, by virtue of his status as principal member of
SCFLLC, the general partner of Fund, and as the controlling stockholder,
director and executive officer of SC, the corporate member and manager of
SCFLLC, may be deemed to share with Fund, SCFLLC and SC the power to vote or
direct the vote and to dispose or to direct the disposition of the 221,880
shares of Common Stock of which Fund is the direct beneficial owner. Koffler by
virtue of his status as employee member of SCFLLC, the general partner of Fund,
may be deemed to share with Fund and SCFLLC the power to vote or direct the vote
and to dispose or to direct the disposition of the 221,880 shares of Common
Stock of which Fund is the direct beneficial owner.
Collery, by virtue of his status as a controlling stockholder,
director and executive officer of BVI Inc., the managing general partner of
SC-BVI Partners, which is the investment manager of BVI Fund, may be deemed to
share with BVI Inc., SC-BVI Partners and BVI Fund the power to vote or direct
the vote and to dispose or direct the disposition of the 183,688 shares of
Common Stock of which BVI Fund is the direct beneficial owner. Koffler, by
virtue of his status as executive officer of BVI Inc., the managing general
partner of SC-BVI Partners, which is the investment manager of BVI Fund, may be
deemed to share with BVI Inc., SC-BVI Partners and BVI Fund the power to vote or
direct the vote and to dispose or direct the disposition of the 183,688 shares
of Common Stock of which BVI Fund is the direct beneficial owner.
(b) Percent of Class: 3.7%
(c) Number of Shares to Which Such Person Has:
(i) Sole voting power - 0
(ii) Shared voting power - 405,568
(iii) Sole dispositive power - 0
(iv) Shared Dispositive power - 405,568
<PAGE>
Page 13 of 17 Pages
Item 5. Ownership of Five Percent or Less of a Class.
Fund, SCFLLC, SC, BVI Fund, BVI Inc., SC-BVI, Collery and Koffler
ceased to be beneficial owners of five percent or more of the Issuer's Common
Stock. Therefore, this Amendment No. 1 is a final filing.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of Members of the Subsidiary Which
Acquired the Securities Being Reported on by the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having such purposes or effect.
<PAGE>
Page 14 of 17 Pages
Signature: After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this statement
is true, complete and correct.
Date: January 20, 2000
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL, LLC.,
as General Partner
/s/ Neil H. Koffler
By: Neil H. Koffler, as Attorney-in-Fact
for Peter M. Collery, Vice President (1)
SC FUNDAMENTAL VALUE BVI, LTD.
BY: SC FUNDAMENTAL VALUE BVI, INC.,
as Managing General Partner of
Investment Manager
/s/ Neil H. Koffler
By: Neil H. Koffler, as Attorney-in-Fact
for Peter M. Collery, Vice President (1)
SC FUNDAMENTAL INC.
BY: /s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President (1)
SC FUNDAMENTAL VALUE BVI, INC.
BY: /s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery,
Vice President (1)
<PAGE>
Page 15 of 17 Pages
SC FUNDAMENTAL, LLC
BY: SC FUNDAMENTAL INC., AS MANAGER
BY: /s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery,
Vice President (1)
SC-BVI PARTNERS
BY: SC FUNDAMENTAL VALUE BVI, INC.,
AS MANAGING GENERAL PARTNER
BY: /s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery,
Vice President (1)
/s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
/s/ Neil H. Koffler
Neil H. Koffler
(1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery.
The powers of attorney for Mr. Collery were filed as Exhibit A to
Amendment No. 5 to Schedule 13D relating to US Facilities Corporation
on August 4, 1995 and is hereby incorporated herein by reference.
<PAGE>
Page 16 of 17 Pages
Exhibit A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(c) under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them of a statement on Schedule 13G (including amendments
thereto) with respect to the Common Stock, par value $.001 per share, of EP
Medsystems, Inc. and further agree that this Joint Filing Agreement be included
as an Exhibit to such joint filing. In evidence thereof, the undersigned, hereby
execute this Agreement this 20th day of January, 2000.
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL, LLC.,
as General Partner
/s/ Neil H. Koffler
By: Neil H. Koffler, as Attorney-in-Fact
for Peter M. Collery, Vice President (1)
SC FUNDAMENTAL VALUE BVI, LTD.
BY: SC FUNDAMENTAL VALUE BVI, INC.,
as Managing General Partner of
Investment Manager
/s/ Neil H. Koffler
By: Neil H. Koffler, as Attorney-in-Fact
for Peter M. Collery, Vice President (1)
SC FUNDAMENTAL INC.
BY: /s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President (1)
<PAGE>
Page 17 of 17 Pages
SC FUNDAMENTAL VALUE BVI, INC.
BY: /s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery,
Vice President (1)
SC FUNDAMENTAL, LLC
BY: SC FUNDAMENTAL INC., as Manager
BY: /s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery,
Vice President (1)
SC-BVI PARTNERS
BY: SC FUNDAMENTAL VALUE BVI, INC.,
As Managing General Partner
BY: /s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery,
Vice President (1)
/s/ Neil H. Koffler
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
/s/ Neil H. Koffler
Neil H. Koffler
(1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery. The
Powers of Attorney for Mr. Collery were filed as Exhibit A to Amendment No. 5 to
the Schedule 13D relating to the US Facilities Corporation on August 4, 1995 and
are hereby incorporated herein by reference.
