NEWCARE HEALTH CORP
SC 13D/A, 1998-12-08
SKILLED NURSING CARE FACILITIES
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                                      
                                 SCHEDULE 13D
                                      
                  UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. 2)*
                                      

                          NewCare Health Corporation
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                    Common Stock, Par Value $.02 Per Share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    651053
- --------------------------------------------------------------------------------
                                (CUSIP Number)


                          James H. Perry, President
                        Bridge Capital Partners, Inc.
5350 South Roslyn Street, Suite 350, Englewood, Colorado 80111 (303) 721-1111
- --------------------------------------------------------------------------------
          (Name, Address and Telephone Number of Person Authorized to
                      Receive Notices and Communications)


                               November 1, 1998
- --------------------------------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition which is the subject of this Schedule 13D, and is filing this 
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].

Check the following box if a fee is being paid with the statement [ ]. (A fee 
is not required only if the reporting person: (1) has a previous statement on 
file reporting beneficial ownership of more than five percent of the class of 
securities described in Item 1; and (2) has filed no amendment subsequent 
thereto reporting beneficial ownership of five percent or less of such class.) 
(See Rule 13d-7.)

NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.

*The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, 
and for any subsequent amendment containing information which would alter 
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be 
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange 
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of 
the Act but shall be subject to all other provisions of the Act (however, see 
the Notes).


<PAGE>   2
                                  SCHEDULE 13D

CUSIP NO.                                                     PAGE   OF   PAGES

- --------------------------------------------------------------------------------
 
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    ProFutures Bridge Capital Fund, L.P.
    74-2786949
- --------------------------------------------------------------------------------
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 ITEMS 2(d) or 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           1,192,002
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          None
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    1,192,002
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    None
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,192,002
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
     CERTAIN SHARES*                                                        [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     9.56%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     PN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7    
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  



                                  Page 1 of 13
<PAGE>   3
                                  SCHEDULE 13D

CUSIP NO.                                                     PAGE   OF   PAGES

- --------------------------------------------------------------------------------
 
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    Bridge Capital Partners, Inc.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    Not Applicable/WC/PF
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    Colorado
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           400
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          1,192,002
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    400
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    1,192,002
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,192,402
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
     CERTAIN SHARES*                                                        [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     9.56%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     CO
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  




                                  Page 2 of 13
<PAGE>   4
                                  SCHEDULE 13D

CUSIP NO.                                                     PAGE   OF   PAGES

- --------------------------------------------------------------------------------
 
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    ProFutures Fund Management, Inc.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    Not Applicable
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    Texas
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           0
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          1,192,002
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    0
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    1,192,002
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,192,002
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
     CERTAIN SHARES*                                                        [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     9.56%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     CO
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7     
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  



                                  Page 3 of 13
<PAGE>   5
                                  SCHEDULE 13D

CUSIP NO.                                                     PAGE   OF   PAGES

- --------------------------------------------------------------------------------
 
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    Gary D. Halbert
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    Not Applicable
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    USA
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           0
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          1,192,002
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    0
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    1,192,002
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,192,002
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
     CERTAIN SHARES*                                                        [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     9.56%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7     
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  




                                  Page 4 of 13
<PAGE>   6
                                  SCHEDULE 13D

CUSIP NO.                                                     PAGE   OF   PAGES

- --------------------------------------------------------------------------------
 
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    Bridge Capital Partners, Inc., Defined Benefit Pension Plan
- --------------------------------------------------------------------------------
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 ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    Colorado
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           5,000
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          0
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    5,000
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    0
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     5,000
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
     CERTAIN SHARES*                                                        [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     .04%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     EP
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7     
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  




                                  Page 5 of 13
<PAGE>   7
                                  SCHEDULE 13D

CUSIP NO.                                                     PAGE   OF   PAGES

- --------------------------------------------------------------------------------
 
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    James H. Perry
- --------------------------------------------------------------------------------
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 ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    USA
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           5,000
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          1,197,402
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    5,000
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    1,197,402
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,202,402
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
     CERTAIN SHARES*                                                        [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     9.64%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  




                                  Page 6 of 13
<PAGE>   8
ITEM 2.  IDENTITY AND BACKGROUND

This Amendment No. 2 is filed to reflect the fact that 333,334 Common Stock
Purchase Warrants (the "Warrants") acquired on January 22, 1998 have become
eligible for exercise and are now considered outstanding for purposes of
determining the number of shares of the Issuer beneficially owned by Reporting
Persons. This Amendment No. 2 is filed by (i) ProFutures Bridge Capital Fund,
L.P. (the "Partnership"), (ii) by Bridge Capital Partners, Inc. ("Bridge
Capital") and ProFutures Fund Management, Inc. ("ProFutures Fund") by virtue of
their respective position as Co-General Partners of the Partnership, (iii)
Bridge Capital Partners, Inc. Defined Benefit Plan (the "Plan"), (iv) James H.
Perry ("Perry") by virtue of his position as President and sole Director of
Bridge Capital and (v) Gary D. Halbert ("Halbert") by virtue of his position as
President and Director of ProFutures Fund (collectively, the "Reporting
Persons"). By signing this Amendment No. 2, each Reporting Person agrees that
this Amendment No. 2 is filed on its or his behalf. In addition, information is
set forth below in subparagraph (g) with respect to the executive officers,
directors and control person of ProFutures Fund.

         (a) The Partnership is the recordholder of approximately 9.56% of the
outstanding Shares. Bridge Capital and ProFutures Fund, as the general partners
of the Partnership, may be deemed to control the Partnership. Perry owns all the
outstanding capital stock of Bridge Capital and Halbert owns the majority of the
capital stock of ProFutures Fund.

         (b) The principal executive office or business address of the
Partnership, Bridge Capital, the Plan and Perry is 5350 South Roslyn Street,
Suite 350, Englewood, Colorado 80111. The principal executive office or business
address of ProFutures Fund and Halbert is 1310 Highway 620 South, Suite 200,
Austin, Texas 78734.

         (c) The Partnership is a limited partnership engaged in venture capital
investments. Bridge Capital's sole business activity is to serve as a general
partner of the Partnership. ProFutures Fund's sole business activity is to serve
as a general partner of the Partnership and one other limited partnership. The
Plan is an employee benefit plan for Bridge Capital. Perry is the sole trustee
of the Plan.

                  Perry is the President and sole director and shareholder of
Bridge Capital. Halbert is the President and Director and principal shareholder
of ProFutures Fund.

         (d) Neither the Reporting Persons, nor to the knowledge of such
Reporting Persons, any person named in subparagraph (g) below has been convicted
in any criminal proceeding in the past five years (except traffic violations or
similar misdemeanors).



                                  Page 7 of 13

<PAGE>   9

         (e) Neither the Reporting Persons, nor to the knowledge of such
Reporting Persons, any person named in subparagraph (g) below has been a party
to any civil proceeding and, as a result of such proceedings, was or is subject
to a judgment, decree, or final order enjoining future violations of or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.

         (f) The Partnership is a Delaware limited partnership. Bridge Capital
is a Colorado corporation, ProFutures Fund is a Texas corporation. Perry and
Halbert are citizens of the United States. The Plan is an employee benefit plan
organized under the laws of the USA.

         (g) Other Directors and executive officers of ProFutures Fund are as
follows:

                  (1)   Name:  Debi B. Halbert
                        Business Address: 1310 Highway 620 South, Suite 200,
                          Austin, Texas  78734
                        Present Principal Occupation:  Chief Financial Officer
                          and Treasurer, Director and shareholder of
                          ProFutures Fund Management, Inc. and affiliates
                        Citizenship:  USA

                  (2)   Name:  John F. Mauldin
                        Business Address: The Ballpark in Arlington,
                          Suite 216, Arlington, Texas  76011
                        Present Principal Occupation:  President, Director and
                          shareholder of Communications Management, Inc.
                          and affiliates
                        Citizenship:  USA

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

         No new consideration or funds were used since this Amendment reports
only the fact that the Warrants are now considered beneficially owned for
purposes of determining the number of shares by the Reporting Persons.

ITEM 4.  INTEREST IN SECURITIES OF THE ISSUER.

         (a)  The aggregate number of Shares owned beneficially by the
              Partnership as of the close of business on November 10, 1998, was
              1,192,002 or approximately 9.56% of the sum of 12,128,525 shares
              of Common Stock outstanding (the "Outstanding Shares") plus the
              333, 334 warrants held by the Partnership. By virtue of the



                                  Page 8 of 13

<PAGE>   10


              relationships described in Item 2 of this Statement, each of the
              other Reporting Persons, except the Plan, may be deemed to share
              indirect beneficial ownership of the Shares held by the
              Partnership. Perry and Halbert disclaim that each of them is the
              beneficial owner of the Shares owned by the Partnership.

              Bridge Capital is the direct, beneficial owner of 400 Shares, the
              Plan is the direct beneficial owner of 5,000 Shares, and Perry is
              the direct beneficial owner of 5,000 Shares. By virtue of the
              relationship described in Item 2 of this Statement, Bridge Capital
              may be deemed to be the beneficial owner of 1,192,402 Shares, or
              9.56% of the Outstanding Shares and Perry may be deemed to be the
              beneficial owner of 1,202,402 Shares, or 9.64% of the outstanding
              shares. Perry disclaims such beneficial ownership, except with
              respect to 5,000 Shares which are directly owned by Perry. The
              Plan disclaims any beneficial ownership, except with respect to
              5,000 Shares which are directly owned by the Plan.

              ProFutures Fund and Halbert by virtue of the relationship
              described in Item 2 of this Statement, may be deemed to be the
              beneficial owners of 1,192,002 Shares, or 9.56% of the Outstanding
              Shares. Halbert disclaims such beneficial ownership.

         (b)  The Partnership has the direct power to vote and direct
              disposition of 1,192,002 Shares. By virtue of their positions as
              general partners of the Partnership, ProFutures Fund and Bridge
              Capital may be deemed to share the indirect power to vote and
              dispose of these Shares. Perry and Halbert by virtue of their
              relationship may be deemed to share the indirect power to vote and
              dispose of the Partnership's Shares. Bridge Capital has the direct
              power to vote and direct disposition of 400 Shares. Perry has the
              direct power to vote and direct disposition of 5,000 Shares, the
              indirect power to vote and direct disposition of the 400 Shares
              held by Bridge Capital and the direct power to vote and direct
              disposition of the 5,000 Shares held by the Plan. The Plan has the
              direct power to vote and dispose of the 5,000 Shares held by the
              Plan.

         (c)  Except as described below, no transactions in the Common Stock of
              the Company were effected by the persons named in response to
              paragraphs (a) and (b) above during the past sixty (60) days.



                                  Page 9 of 13

<PAGE>   11

              On November 1, 1998, the Warrants to purchase 333,334 shares of
              common stock of the company held by the Partnership became
              exercisable at the option of the Partnership.

         (d)  No other person is known to have the right to receive, or the
              power to direct the receipt of dividends from, and the proceeds
              from the sale of the Shares held by it.

         (e)  Not applicable.

ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS


The following documents are attached hereto and incorporated herein by
reference.


         Exhibit 1.        Joint Filing Agreement



                                 Page 10 of 13

<PAGE>   12

                                   SIGNATURES

         After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Amendment No. 2 to Schedule 13D is true, complete and correct.


DATED:   DECEMBER 7, 1998.

                                         PROFUTURES BRIDGE CAPITAL FUND, L.P.

                                         BY:  BRIDGE CAPITAL PARTNERS, INC.,
                                              A GENERAL PARTNER


                                         by:  /s/ JAMES H. PERRY
                                             -----------------------------------
                                             JAMES H. PERRY, PRESIDENT

                                         BRIDGE CAPITAL PARTNERS, INC.


                                         by:  /s/ JAMES H. PERRY
                                             -----------------------------------
                                             JAMES H. PERRY, PRESIDENT

                                         PROFUTURES FUND MANAGEMENT, INC.


                                         by:  /s/ GARY D. HALBERT
                                             -----------------------------------
                                             GARY D. HALBERT, PRESIDENT

                                          /s/ JAMES H. PERRY
                                         ---------------------------------------
                                         JAMES H. PERRY

                                          /s/ GARY D. HALBERT
                                         ---------------------------------------
                                         GARY D. HALBERT

                                         BRIDGE CAPITAL PARTNERS, INC. DEFINED
                                         BENEFIT PENSION PLAN


                                         by:  /s/ JAMES H. PERRY
                                             -----------------------------------
                                             James H. Perry, Trustee



                                 Page 11 of 13
<PAGE>   13

                                  EXHIBIT INDEX



Exhibit 1.                 Joint Filing Agreement




                                 Page 12 of 13

<PAGE>   1

                                                                       EXHIBIT 1


                             JOINT FILING AGREEMENT


The undersigned hereby agree that this Amendment No. 2 to Schedule 13D is filed
on behalf of each of them.

DATED:   DECEMBER 7, 1998.

                                         PROFUTURES BRIDGE CAPITAL FUND, L.P.

                                         BY: BRIDGE CAPITAL PARTNERS, INC.,
                                             A GENERAL PARTNER


                                         by: /s/ JAMES H. PERRY
                                             -----------------------------------
                                             JAMES H. PERRY, PRESIDENT

                                         BRIDGE CAPITAL PARTNERS, INC.


                                         by: /s/ JAMES H. PERRY
                                             -----------------------------------
                                             JAMES H. PERRY, PRESIDENT

                                         PROFUTURES FUND MANAGEMENT, INC.


                                         by: /s/ GARY D. HALBERT
                                             -----------------------------------
                                             GARY D. HALBERT, PRESIDENT

                                         /s/ JAMES H. PERRY
                                         ---------------------------------------
                                         JAMES H. PERRY

                                         /s/ GARY D. HALBERT
                                         ---------------------------------------
                                         GARY D. HALBERT

                                         BRIDGE CAPITAL PARTNERS, INC. DEFINED
                                         BENEFIT PENSION PLAN


                                         by: /s/ JAMES H. PERRY
                                             -----------------------------------
                                             James H. Perry, Trustee



                                 Page 13 of 13


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