SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
ENTERACTIVE, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
293636106
----------------------
(CUSIP Number)
Copy to:
Seneca Ventures Stephen A. Cohen, Esq.
68 Wheatley Road Morrison Cohen Singer & Weinstein, LLP
Brookville, New York 11545 750 Lexington Avenue
Telephone (516) 626-3070 New York, New York 10022
Telephone (212) 735-8600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
February 6, 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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following space __.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Barry Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions) (a)|_|
(b)|_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 323,000 shares 2.0%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 7,285,886 shares 43.7%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 323,000 shares 3.4%
With --------------------------------------------------------------
10 Shared Dispositive Power
2,634,686 shares 26.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
2,957,686 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 29.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
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2 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Woodland Venture Fund
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
459,215 shares 2.8%
Number of --------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 932,987 shares 5.7%
Owned By --------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting 214,415 shares 2.3%
Person --------------------------------------------------------------
With 10 Shared Dispositive Power
606,587 shares 6.3%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
821,002 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 8.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
3 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Seneca Ventures
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 306,836 shares 1.9%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,085,366 shares 6.6%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 143,636 shares 1.5%
With --------------------------------------------------------------
10 Shared Dispositive Power
677,366 shares 7.1%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
821,002 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 8.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person(See Instructions)
PN
================================================================================
4 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Woodland Services Corp.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) |_|
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 1,392,202 shares 8.5%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
821,002 shares 8.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
821,002 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 8.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
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5 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
21st Century Communications Partners, L.P.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)|_|
(b)|_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
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 2,084,289 shares 12.8%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 988,662 shares 6.1%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 701,169 shares 7.4%
With --------------------------------------------------------------
10 Shared Dispositive Power
331,782 shares 3.5%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,032,951 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 11.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
6 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
21st Century Communications T-E Partners, L.P.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
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 713,004 shares 4.4%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 2,359,947 shares 14.5%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 242,172 shares 2.6%
With --------------------------------------------------------------
10 Shared Dispositive Power
790,779 shares 8.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,032,951 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 11.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person(See Instructions)
PN
================================================================================
7 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
21st Century Communications Foreign Partners, L.P.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
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 275,658 shares 1.7%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 2,797,293 shares 17.2%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 89,610 shares 1.0%
With --------------------------------------------------------------
10 Shared Dispositive Power
943,341 shares 10.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,032,951 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 11.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person(See Instructions)
PN
================================================================================
8 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Michael J. Marocco
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 3,072,951 shares 18.9%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
1,032,951 shares 11.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,032,951 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 11.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
9 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Barry Lewis
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 0 shares 0%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
10 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
John Kornreich
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 3,072,951 shares 18.9%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
1,032,951 shares 11.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,032,951 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 11.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person(See Instructions)
IN
================================================================================
11 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Harvey Sandler
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 3,072,951 shares 18.9%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
1,032,951 shares 11.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,032,951 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 11.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person(See Instructions)
IN
================================================================================
12 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Andrew Sandler
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 3,072,951 shares 18.9%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
1,032,951 shares 11.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,032,951 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 11.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
13 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Barry Fingerhut
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 1,000 shares 0.01%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 5,816,684 shares 35.7%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 1,000 shares 0.01%
With --------------------------------------------------------------
10 Shared Dispositive Power
1,736,684 shares 18.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,737,684 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 18.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
14 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Irwin Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 23,000 shares 0.1%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 5,816,684 shares 35.7%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 23,000 shares 0.2%
With --------------------------------------------------------------
10 Shared Dispositive Power
1,736,684 shares 18.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,759,684 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 18.7%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
15 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Woodland Partners
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 198,914 shares 1.2%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,193,288 shares 7.3%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 35,714 shares 0.4%
With --------------------------------------------------------------
10 Shared Dispositive Power
785,288 shares 8.2%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
821,002 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 8.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
16 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Applewood Associates, L.P.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 2,743,733 shares 16.9%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 703,733 shares 7.5%
With --------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
703,733 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 7.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
17 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Applewood Capital Corp.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 2,743,733 shares 16.9%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
703,733 shares 7.5%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
703,733 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 7.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
================================================================================
18 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Seth Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 2,743,733 shares 16.9%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
703,733 shares 7.5%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
703,733 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 7.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
19 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Jonathan Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 2,743,733 shares 16.9%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
703,733 shares 7.5%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
703,733 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 7.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
20 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Marilyn Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 1,392,202 shares 8.5%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
821,002 shares 8.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
821,002 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 8.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
21 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Marilyn and Barry Rubenstein Family Foundation
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 104,237 shares 0.6%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,287,965 shares 7.8%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 104,237 shares 1.1%
With --------------------------------------------------------------
10 Shared Dispositive Power
716,765 shares 7.5%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
821,002 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 8.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
OO
================================================================================
22 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Brian Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 104,237 shares 0.6%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
104,237 shares 1.1%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
104,237 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 1.1%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
23 of 45
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Rebecca Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
Pursuant to Items 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 104,237 shares 0.6%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With --------------------------------------------------------------
10 Shared Dispositive Power
104,237 shares 1.1%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
104,237 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
(See Instructions)
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 1.1%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
24 of 45
<PAGE>
This statement, dated February 6, 1998, constitutes Amendment No. 5 to
the Schedule 13D, dated September 11, 1995, regarding the reporting persons
ownership of certain securities of Enteractive, 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 1. Security and Issuer
The Issuer offered to exchange (the "Exchange Offer") 2.8 of its
privately held Common Stock Purchase Warrants (the "1996 Warrants") expiring
December 13, 2001 into one share of its Common Stock, $.01 par value. The
Exchange Offer, as amended, was conditioned upon the Issuer's (i) right to
terminate and cancel the Exchange Offer if the Issuer did not receive a valid
tender for exchange of at least 90% of the outstanding 1996 Warrants pursuant to
the Exchange Offer, and (ii) the Issuer obtaining the written consent of 90% of
the holders of its Class A Convertible Preferred Stock with respect to a
proposal which would (a) delay the date in which the Preferred Stock would first
be convertible into Common Stock from May 1, 1998 to July 1, 1999, and (b)
modify certain redemption features of the Preferred Stock. In addition, all
holders of the Preferred Stock that approved the above referenced proposal would
receive a special monthly interest payment equal to 12% per annum (or 1% per
month) of the stated value of the Preferred Stock ($1,250) for the period
commencing April 30, 1998, and ending on the earlier of (i) June 30, 1999, or
(ii) the redemption date of the Preferred Stock.
For purposes of calculating the number of voting rights for the
Preferred Stock, the Stated Value of the Preferred Stock was divided by $1.225,
or 50% of the average closing sale price for the Common Stock for the last ten
trading days in the fiscal quarter prior to December 1, 1997.
ITEM 2. Identity and Background
20. (a) The Marilyn and Barry Rubenstein Family Foundation, an
organization which is exempt from Federal Income taxation pursuant to Section
501(a) of the Internal Revenue Code of 1986, as amended (the "Foundation").
(b) Address: 68 Wheatley Road
Brookville, New York 11545
(c) Principal Business: Charitable Foundation
25 of 45
<PAGE>
(d) No.
(e) No.
Barry Rubenstein, Marilyn Rubenstein, Brian Rubenstein,
and effective July 1, 1997, Rebecca Rubenstein, are trustees of the Foundation.
22. (a) Rebecca Rubenstein, one of the trustees of the Foundation.
(b) Address: 300 East 75th Street
New York, New York 10021
(c) Principal Occupation: Teacher
(d) No.
(e) No.
(f) Citizenship: United States
Rebecca Rubenstein is the daughter of Barry and Marilyn
Rubenstein, and the sister of Brian Rubenstein.
23. (a) Michael J. Marocco, is the sole shareholder of MJDM Corp.
(Effective January 1, 1997, MJM Media Corp. transferred and assigned its
interest in SCM to MJDM Corp., a New York corporation).
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Business: General Partner of partnerships and
limited partnerships engaged in the investment business.
(d) No.
(e) No.
(f) Citizenship: United States.
MJDM Corp. is a general partner of SCM.
26 of 45
<PAGE>
24. (a) Barry Lewis, is the majority shareholder of EMEBE Corp.
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Business: General Partner of partnerships and
limited partnerships engaged in the investment business.
(d) No.
(e) No.
(f) Citizenship: United States.
EMEBE Corp. was a general partner of SCM through
June 30, 1997.
ITEM 5. Interests in Securities of the Issuer.
(a) The following list sets forth the aggregate number and
percentage (based on 8,019,555 shares of Common Stock outstanding as reported in
the Issuer's Form 10-Q for the quarter ended November 30, 1997 and 1,397,321
shares of Common Stock issued pursuant to the Exchange Offer) of outstanding
shares of Common Stock owned beneficially by each reporting person named in Item
2, as of February 6, 1998:
<TABLE>
<CAPTION>
Shares of Percentage of Shares
Common Stock of Common Stock
Name Beneficially Owned(1) Percent of Voting Control Beneficially Owned
- --------------------- --------------------- ------------------------- ------------------
<S> <C> <C> <C>
Barry Rubenstein 2,957,686(2, 3, 4, 5) 45.1% 29.6%
Woodland Venture Fund 821,002(2) 8.5% 8.6%
</TABLE>
- --------
(1) Includes shares of Common Stock issuable upon the exercise of the warrants
and the Revwood Option.
(2) The reporting person disclaims beneficial ownership of these securities,
except to the extent of his/her/its equity interest therein.
(3) Includes 400,000 shares of Common Stock issuable upon the exercise of the
Revwood Warrant.
(4) Includes 257,304 shares of Common Stock and 446,429 shares of Common Stock
received upon the consummation of the Exchange Offer by Applewood.
(5) Includes 586,522 shares of Common Stock and 446,429 shares of Common Stock
received upon the consummation of the Exchange Offer by 21st Century, T-E
and Foreign.
27 of 45
<PAGE>
<TABLE>
<CAPTION>
Shares of Percentage of Shares
Common Stock of Common Stock
Name Beneficially Owned(1) Percent of Voting Control Beneficially Owned
- --------------------- --------------------- ------------------------- --------------------
<S> <C> <C> <C>
Seneca Ventures 821,002(2) 8.5% 8.6%
Woodland Services Corp. 821,002(2) 8.5% 8.6%
21st Century 1,032,951(2, 6) 18.9% 11.0%
Communications
Partners, L.P.
21st Century 1,032,951(2, 7) 18.9% 11.0%
Communications T-E
Partners, L.P.
21st Century 1,032,951(2, 8) 18.9% 11.0%
Communications
Foreign Partners, L.P.
Michael Marocco 1,032,951(2, 5) 18.9% 11.0%
Barry Lewis 0 0% 0%
John Kornreich 1,032,951(2, 5) 18.9% 11.0%
Harvey Sandler 1,032,951(2, 5) 18.9% 11.0%
Andrew Sandler 1,032,951(2, 5) 18.9% 11.0%
Barry Fingerhut 1,737,684(2, 4, 5) 35.7% 18.5%
Irwin Lieber 1,759,684(2, 4, 5) 35.8% 18.7%
</TABLE>
- --------
(6) Includes 398,490 shares of Common Stock and 302,679 shares of Common Stock
received upon the consummation of the Exchange Offer. 21st Century
disclaims beneficial ownership of 139,136 shares of Common Stock and
103,036 shares of Common Stock received upon the consummation of the
Exchange Offer owned by T-E and 48,896 shares of Common Stock and 40,714
shares of Common Stock received upon the consummation of the Exchange
Offer owned by Foreign.
(7) Includes 139,136 shares of Common Stock and 103,036 shares of Common Stock
received upon the consummation of the Exchange Offer. T-E disclaims
beneficial ownership of 398,490 shares of Common Stock and 302,679 shares
of Common Stock received upon the consummation of the Exchange Offer owned
by 21st Century and 48,896 shares of Common Stock and 40,714 shares of
Common Stock received upon the consummation of the Exchange Offer owned by
Foreign.
(8) Includes 48,896 shares of Common Stock and 40,714 shares of Common Stock
received upon the consummation of the Exchange Offer. Foreign disclaims
beneficial ownership of 398,490 shares of Common Stock and 302,679 shares
of Common Stock received upon the consummation of the Exchange Offer owned
by 21st Century and 139,136 shares of Common Stock and 103,036 shares of
Common Stock received upon the consummation of the Exchange Offer owned by
T-E.
28 of 45
<PAGE>
<TABLE>
<CAPTION>
Shares of Percentage of Shares
Name Common Stock of Common Stock
Beneficially Owned(1) Percent of Voting Control Beneficially Owned
--------------------- ------------------------- ------------------
<S> <C> <C> <C>
Woodland Partners 821,002(2) 8.5% 8.6%
Applewood Associates, 703,733(4) 16.9% 7.5%
L.P.
Applewood Capital Corp. 703,733(2, 4) 16.9% 7.5%
Seth Lieber 703,733(2, 4) 16.9% 7.5%
Jonathan Lieber 703,733(2, 4) 16.9% 7.5%
Marilyn Rubenstein 821,002(2) 8.5% 8.6%
The Marilyn and Barry 821,002(2) 8.5% 8.6%
Rubenstein Family
Foundation
Brian Rubenstein 104,237(2) 0.6% 1.1%
Rebecca Rubenstein 104,237(2) 0.6% 1.1%
</TABLE>
(b) Barry Rubenstein has sole power to vote and dispose of 323,000
shares of Common Stock (including 125,000 shares issuable upon the exercise of
the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option
and 500 shares received upon the consummation of the exchange in October 1997,
of Warrants for Common Stock), representing approximately 2.0% and 3.4%,
respectively, of the outstanding Common Stock. By virtue of being a shareholder,
officer and director of InfoMedia, a Trustee of the Foundation and a general
partner of Applewood, Seneca, the Fund, Woodland Partners and Revwood, Barry
Rubenstein may be deemed to have shared power to vote 7,285,886 shares of Common
Stock (including 4,651,200 voting rights from the Preferred Stock, 1,017,857
shares received upon the consummation of the Exchange Offer, 1,000 shares
received upon the consummation of the exchange in October 1997, of Warrants for
Common Stock, and 400,000 shares issuable upon the exercise of the Revwood
Warrant), and may be deemed to have shared power to dispose of 2,634,686 shares
of Common Stock (including 1,017,857 shares received upon the consummation of
the Exchange Offer, 1,000 shares received upon the consummation of the exchange
in October 1997, of Warrants for Common Stock, and 400,000 shares issuable upon
the exercise of the Revwood Warrant), representing approximately 26.8% of the
outstanding Common Stock.
The Fund has sole power to vote 459,215 shares of Common Stock,
representing approximately 2.8% of the outstanding Common Stock (including
244,800 voting rights from the Preferred Stock and 53,571 shares received upon
the consummation of the Exchange Offer), and may be deemed to have shared power
to vote 932,987 shares of Common Stock (including 326,400 voting rights from the
Preferred Stock, 71,428 shares received upon the consummation of the Exchange
29 of 45
<PAGE>
Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option,
50,000 shares issuable upon the exercise of the Option and 1,500 shares received
upon the consummation of the exchange in October 1997, of Warrants for Common
Stock), representing approximately 5.7% of the outstanding Common Stock. The
Fund has the sole power to dispose of 214,415 shares of Common Stock (including
53,571 shares received upon the consummation of the Exchange Offer),
representing approximately 2.3% of the outstanding Common Stock, and shared
power to dispose of 606,587 shares of Common Stock (including 71,428 shares
received upon the consummation of the Exchange Offer, 125,000 shares issuable
upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the
exercise of the Option and 1,500 share received upon the consummation of the
exchange in October 1997, of Warrants for Common Stock), representing
approximately 6.3% of the outstanding Common Stock.
Seneca has sole power to vote 306,836 shares of Common Stock,
representing approximately 1.9% of the outstanding Common Stock (including
163,200 voting rights from the Preferred Stock and 35,714 shares received upon
the consummation of the Exchange Offer), and may be deemed to have shared power
to vote 1,085,366 shares of Common Stock (including 408,000 voting rights from
the Preferred Stock, 89,285 share received upon the consummation of the Exchange
Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option,
50,000 shares issuable upon the exercise of the Option and 1,500 share received
upon the consummation of the exchange in October 1997, of Warrants for Common
Stock), representing approximately 6.6% of the outstanding Common Stock. Seneca
has the sole power to dispose of 143,636 shares of Common Stock (including
35,714 shares received upon the consummation of the Exchange Offer),
representing approximately 1.5% of the outstanding Common Stock, and shared
power to dispose of 677,366 shares of Common Stock (including 89,285 shares
received upon the consummation of the Exchange Offer, 125,000 shares issuable
upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the
exercise of the Option and 1,500 shares received upon the consummation of the
exchange in October 1997, of Warrants for Common Stock), representing
approximately 7.1% of the outstanding Common Stock.
Woodland Services Corp. has shared power to vote 1,392,202 shares of
Common Stock (including 571,200 voting rights from the Preferred Stock, 124,999
shares received upon the consummation of the Exchange Offer, 125,000 shares
issuable upon the exercise of the Non- Qualified Option, 50,000 shares issuable
upon the exercise of the Option and 1,500 shares received upon the consummation
of the exchange in October 1997, of Warrants for Common Stock), representing
approximately 8.5% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 821,002 shares of Common Stock (including 124,999
shares received upon the consummation of the Exchange Offer, 125,000 shares
issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable
upon the exercise of the Option and 1,500 shares received upon the consummation
of the exchange in October 1997, of Warrants for Common Stock), representing
approximately 8.6% of the outstanding Common Stock.
30 of 45
<PAGE>
21st Century has sole power to vote 2,084,289 shares of Common Stock
(including 1,383,120 voting rights from the Preferred Stock and 302,679 shares
received upon the consummation of the Exchange Offer), representing
approximately 12.8% of the outstanding Common Stock. 21st Century has sole power
to dispose of 701,169 shares of Common Stock (including 302,679 shares received
upon the consummation of the Exchange Offer), representing approximately 7.4% of
the outstanding shares of Common Stock. 21st Century may be deemed to have
shared power to vote 988,662 shares of Common Stock (including 656,880 voting
rights from the Preferred Stock, and 143,750 shares received upon the
consummation of the Exchange Offer), and may be deemed to have shared power to
dispose of 331,782 shares of Common Stock (including 143,750 shares received
upon the consummation of the Exchange Offer), representing approximately 3.5% of
the outstanding Common Stock.
T-E has sole power to vote 713,004 shares of Common Stock (including
470,832 voting rights from the Preferred Stock and 103,036 shares received upon
the consummation of the Exchange Offer), representing approximately 4.4% of the
outstanding Common Stock, and may be deemed to have shared power to vote
2,359,947 shares of Common Stock (including 1,569,168 voting rights from the
Preferred Stock, and 343,393 shares received upon the consummation of the
Exchange Offer), representing approximately 14.5% of the outstanding Common
Stock. T-E has sole power to dispose of 242,172 shares of Common Stock
(including 103,036 shares received upon the consummation of the Exchange Offer),
representing approximately 2.6% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 790,779 shares of Common Stock
(including 343,393 shares received upon the consummation of the Exchange Offer),
representing approximately 8.4% of the outstanding Common Stock.
Foreign has sole power to vote 275,658 shares of Common Stock (including
186,048 voting rights from the Preferred Stock and 40,714 shares received upon
the consummation of the Exchange Offer), representing approximately 1.7% of the
outstanding Common Stock. Foreign may be deemed to have shared power to vote
2,797,293 shares of Common Stock (including 1,853,952 voting rights from the
Preferred Stock and 405,715 shares received upon the consummation of the
Exchange Offer), representing approximately 17.2% of the outstanding Common
Stock. Foreign has sole power to dispose of 89,610 shares of Common Stock
(including 40,714 shares received upon the consummation of the Exchange Offer),
representing approximately 1.0% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 943,341 shares of Common Stock
(including 405,715 shares received upon the consummation of the Exchange Offer),
representing approximately 10.0% of the outstanding Common Stock.
By virtue of being the sole shareholder, officer and director of MJDM
Corp., Michael J. Marocco may be deemed to have shared power to vote 3,072,951
shares of Common Stock, representing approximately 18.9% of the outstanding
Common Stock (including 2,040,000 voting rights from the Preferred Stock and
446,429 shares received upon the consummation of the Exchange Offer), and may be
deemed to have shared power to dispose of 1,032,951 shares of
31 of 45
<PAGE>
Common Stock (including 446,429 shares received upon the consummation of the
Exchange Offer), representing approximately 11.0% of the outstanding Common
Stock.
By virtue of being the majority shareholder and director of Four JK
Corp., John Kornreich may be deemed to have shared power to vote 3,072,951
shares of Common Stock, representing approximately 18.9% of the outstanding
Common Stock (including 2,040,000 voting rights from the Preferred Stock and
446,429 shares received upon the consummation of the Exchange Offer), and may be
deemed to have shared power to dispose of 1,032,951 shares of Common Stock
(including 446,429 shares received upon the consummation of the Exchange Offer),
representing approximately 11.0% of the outstanding Common Stock.
By virtue of being the sole shareholder of ARH Corp., Harvey Sandler may
be deemed to have shared power to vote 3,072,951 shares of Common Stock,
representing approximately 18.9% of the outstanding Common Stock (including
2,040,000 voting rights from the Preferred Stock and 446,429 shares received
upon the consummation of the Exchange Offer), and may be deemed to have shared
power to dispose of 1,032,951 shares of Common Stock (including 446,429 shares
received upon the consummation of the Exchange Offer), representing
approximately 11.0% of the outstanding Common Stock.
By virtue of being a manager and majority member of ALSI, LLC, Andrew
Sandler may be deemed to have shared power to vote 3,072,951 shares of Common
Stock, representing approximately 18.9% of the outstanding Common Stock
(including 2,040,000 voting rights from the Preferred Stock and 446,429 shares
received upon consummation of the Exchange Offer), and may be deemed to have
shared power to dispose of 1,032,951 shares of Common Stock (including 446,429
shares received upon consummation of the Exchange Offer), representing
approximately 11.0% of the outstanding Common Stock.
Barry Fingerhut has sole power to vote and dispose of 1,000 shares of
Common Stock (received upon the consummation of the exchange in October 1997, of
Warrants for Common Stock), representing approximately 0.01% and 0.01%,
respectively of the outstanding Common Stock. By virtue of being a shareholder,
officer and director of InfoMedia and a general partner of Applewood, Barry
Fingerhut may be deemed to have shared power to vote 5,816,684 shares of Common
Stock (including 4,080,000 voting rights from the Preferred Stock, and 892,858
shares received upon consummation of the Exchange Offer), representing
approximately 35.7% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 1,736,684 shares of Common Stock (including 892,858
shares received upon consummation of the Exchange Offer), representing
approximately 18.4% of the outstanding Common Stock.
Irwin Lieber has sole power to vote and dispose of 23,000 shares of
Common Stock (including 1,000 shares received upon consummation of the Exchange
Offer and 17,000 shares issuable upon the exercise of the warrants),
representing approximately 0.1% and 0.2%, respectively of the outstanding Common
Stock. By virtue of being a shareholder, officer and director of
32 of 45
<PAGE>
InfoMedia and a general partner of Applewood, Irwin Lieber may be deemed to have
shared power to vote 5,816,684 shares of Common Stock (including 4,080,000
voting rights from the Preferred Stock, and 892,858 shares received upon
consummation of the Exchange Offer), representing approximately 35.7% of the
outstanding Common Stock, and may be deemed to have shared power to dispose of
1,736,684 shares of Common Stock (including 892,858 shares received upon
consummation of the Exchange Offer), representing approximately 18.4% of the
outstanding Common Stock.
Applewood has sole power to vote 2,743,733 shares of Common Stock
(including 2,040,000 voting rights from the Preferred Stock, and 446,429 shares
received upon consummation of the Exchange Offer), representing approximately
16.9% of the outstanding Common Stock, and has sole power to dispose of 703,733
shares of Common Stock (including 446,429 shares received upon consummation of
the Exchange Offer), representing approximately 7.5% of the outstanding Common
Stock.
AC Corp. may be deemed to have shared power to vote 2,743,733 shares of
Common Stock (including 2,040,000 voting rights from the Preferred Stock and
446,429 shares received upon consummation of the Exchange Offer), representing
approximately 16.9% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 703,733 shares of Common Stock (including 446,429
shares received upon consummation of the Exchange Offer), representing
approximately 7.5% of the outstanding Common Stock.
By virtue of being an officer of AC Corp., Seth Lieber may be deemed to
have shared power to vote 2,743,733 shares of Common Stock (including 2,040,000
voting rights from the Preferred Stock, and 446,429 shares received upon
consummation of the Exchange Offer), representing approximately 16.9% of the
outstanding Common Stock, and may be deemed to have shared power to dispose of
703,733 shares of Common Stock (including 446,429 shares received upon
consummation of the Exchange Offer), representing approximately 7.5% of the
outstanding Common Stock.
By virtue of being an officer of AC Corp., Jonathan Lieber may be deemed
to have shared power to vote 2,743,733 shares of Common Stock (including
2,040,000 voting rights from the Preferred Stock, and 446,429 shares received
upon consummation of the Exchange Offer), representing approximately 16.9% of
the outstanding Common Stock, and may be deemed to have shared power to dispose
of 703,733 shares of Common Stock (including 446,429 shares received upon
consummation of the Exchange Offer), representing approximately 7.5% of the
outstanding Common Stock.
Woodland Partners has sole power to vote 198,914 shares of Common Stock,
representing approximately 1.2% of the outstanding Common Stock (including
163,200 voting rights from the Preferred Stock, and 35,714 shares received upon
consummation of the Exchange Offer), and may be deemed to have shared power to
vote 1,193,288 shares of Common Stock (including 408,000
33 of 45
<PAGE>
voting rights from the Preferred Stock, 89,285 shares received upon consummation
of the Exchange Offer, 125,000 shares issuable upon the exercise of the
Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and
1,500 shares received upon the consummation of the exchange in October 1997, of
Warrants for Common Stock), representing approximately 7.3% of the outstanding
Common Stock. Woodland Partners has sole power to dispose of 35,714 shares of
Common Stock (representing 35,714 shares received upon consummation of the
Exchange Offer), representing approximately 0.4% of the outstanding Common
Stock, and may be deemed to have shared power to dispose of 785,288 shares of
Common Stock (including 89,285 shares received upon consummation of the Exchange
Offer, 125,000 shares issuable upon the exercise of the Non- Qualified Option,
50,000 shares issuable upon the exercise of the Option and 1,500 shares received
upon the consummation of the exchange in October 1997, of Warrants for Common
Stock), representing approximately 8.2% of the outstanding Common Stock.
By virtue of being a general partner of Woodland Partners, a Trustee of
the Foundation, and the wife of Barry Rubenstein, Marilyn Rubenstein may be
deemed to have shared power to vote 1,392,202 shares of Common stock (including
571,200 voting rights from the Preferred Stock, and 124,999 shares received upon
consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of
the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option
and 1,500 shares received upon the consummation of the exchange in October 1997,
of Warrants for Common Stock), representing approximately 8.5% of the
outstanding Common Stock, and may be deemed to have shared power to dispose of
821,002 shares of Common Stock (including 124,999 shares received upon
consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of
the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option
and 1,500 shares received upon the consummation of the exchange in October 1997,
of Warrants for Common Stock), representing approximately 8.6% of the
outstanding Common Stock.
The Foundation has sole power to vote 104,237 shares of Common Stock
(including 1,000 shares received upon consummation of the Exchange Offer),
representing approximately 0.6% of the outstanding Common Stock, and may be
deemed to have shared power to vote 1,287,965 shares of Common Stock (including
571,200 voting rights from the Preferred Stock, 124,999 shares received upon
consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of
the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option
and 500 shares received upon consummation of the Exchange Offer), representing
approximately 7.8% of the outstanding Common Stock. The Foundation has sole
power to dispose of 104,237 shares of Common Stock (including 1,000 shares
received upon consummation of the Exchange Offer), representing approximately
1.1% of the outstanding Common Stock, and may be deemed to have shared power to
dispose of 716,765 shares of Common Stock (including 124,999 shares received
upon consummation of the Exchange Offer, 125,000 shares issuable upon the
exercise of the Non- Qualified Option, 50,000 shares issuable upon the exercise
of the Option and 500 shares received upon consummation of the Exchange Offer),
representing approximately 7.5% of the outstanding Common Stock.
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<PAGE>
By virtue of being a Trustee of the Foundation, Brian Rubenstein may be
deemed to have shared power to vote 104,237 shares of Common Stock (including
1,000 shares received upon consummation of the Exchange Offer), representing
approximately 0.6% of the outstanding shares of Common Stock, and may be deemed
to have shared power to dispose of 104,237 shares of Common Stock (including
1,000 shares received upon consummation of the Exchange Offer), representing
approximately 1.1% of the outstanding Common Stock.
By virtue of being a Trustee of the Foundation, Rebecca Rubenstein may be
deemed to have shared power to vote 104,237 shares of Common Stock (including
1,000 shares received upon consummation of the Exchange Offer), representing
approximately 0.6% of the outstanding shares of Common Stock, and may be deemed
to have shared power to dispose of 104,237 shares of Common Stock (including
1,000 shares received upon consummation of the Exchange Offer), representing
approximately 1.1% of the outstanding Common Stock.
(c) Except as reported herein, there were no transactions in any of the
securities of the Issuer by the persons identified in Item 2 of this Schedule
13D effected from December 6, 1997 through February 6, 1998, inclusive.
(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 7.01 -- Agreement, effective as of February 6, 1998, among
the reporting persons by which they have agreed to file this Schedule 13D and
all necessary amendments, as required by Rule 13d-l(f).
Exhibit 7.02 -- Brian Rubenstein - Power of Attorney.
Exhibit 7.03 -- Rebecca Rubenstein - Power of Attorney.
35 of 45
<PAGE>
Signature
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned hereby certifies that the information set forth in this
Schedule is true, complete, and correct.
Date: February 12, 1998
SENECA VENTURES
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein,
A General Partner
WOODLAND VENTURE FUND
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein,
A General Partner
WOODLAND SERVICES CORP.
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein,
President
WOODLAND PARTNERS
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein,
A General Partner
APPLEWOOD ASSOCIATES, L.P.
/s/ Irwin Lieber
---------------------------------
Irwin Lieber,
A General Partner
APPLEWOOD CAPITAL CORP.
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein,
President
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<PAGE>
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein
/s/ Barry Fingerhut
---------------------------------
Barry Fingerhut
/s/ Irwin Lieber
---------------------------------
Irwin Lieber
/s/ Jonathan Lieber
---------------------------------
Jonathan Lieber
/s/ Seth Lieber
---------------------------------
Seth Lieber
/s/ Marilyn Rubenstein
---------------------------------
Marilyn Rubenstein
THE MARILYN AND BARRY
RUBENSTEIN FAMILY
FOUNDATION
By: /s/ Barry Rubenstein
---------------------------------
Barry Rubenstein, a Trustee
*
---------------------------------
Brian Rubenstein
*
---------------------------------
Rebecca Rubenstein
By: /s/ Barry Rubenstein
-----------------------------
Barry Rubenstein
Attorney-in-Fact
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<PAGE>
21ST CENTURY COMMUNICATIONS PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: /s/ Edward Grinacoff
-----------------------------------
Name: Edward Grinacoff
Title: Treasurer
21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: /s/ Edward Grinacoff
-----------------------------------
Name: Edward Grinacoff
Title: Treasurer
21ST CENTURY COMMUNICATIONS FOREIGN
PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: /s/ Edward Grinacoff
-----------------------------------
Name: Edward Grinacoff
Title: Treasurer
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<PAGE>
/s/ Michael J. Marocco
---------------------------------
Michael J. Marocco
/s/ Barry Lewis
---------------------------------
Barry Lewis
/s/ John Kornreich
---------------------------------
John Kornreich
/s/ Harvey Sandler
---------------------------------
Harvey Sandler
/s/ Andrew Sandler
---------------------------------
Andrew Sandler
ATTENTION: INTERNATIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
39 of 45
<PAGE>
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934,
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 ("Common Stock"), and
other securities convertible into Common Stock, of Enteractive, 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 February 12, 1998.
SENECA VENTURES
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein,
A General Partner
WOODLAND VENTURE FUND
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein,
A General Partner
WOODLAND SERVICES CORP.
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein,
President
WOODLAND PARTNERS
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein,
A General Partner
APPLEWOOD ASSOCIATES, L.P.
/s/ Irwin Lieber
---------------------------------
Irwin Lieber,
A General Partner
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<PAGE>
APPLEWOOD CAPITAL CORP.
By: /s/ Barry Rubenstein
-----------------------------
Barry Rubenstein,
President
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein
/s/ Barry Fingerhut
---------------------------------
Barry Fingerhut
/s/ Irwin Lieber
---------------------------------
Irwin Lieber
/s/ Jonathan Lieber
---------------------------------
Jonathan Lieber
/s/ Seth Lieber
---------------------------------
Seth Lieber
/s/ Marilyn Rubenstein
---------------------------------
Marilyn Rubenstein
THE MARILYN AND BARRY
RUBENSTEIN FAMILY
FOUNDATION
By: /s/ Barry Rubenstein
-----------------------------
Barry Rubenstein, a Trustee
*
---------------------------------
Brian Rubenstein
*
---------------------------------
Rebecca Rubenstein
*By: /s/ Barry Rubenstein
-----------------------------
Barry Rubenstein
Attorney-in-Fact
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<PAGE>
21ST CENTURY COMMUNICATIONS PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: /s/ Edward Grinacoff
-----------------------------------
Name: Edward Grinacoff
Title: Treasurer
21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: /s/ Edward Grinacoff
-----------------------------------
Name: Edward Grinacoff
Title: Treasurer
21ST CENTURY COMMUNICATIONS FOREIGN
PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: /s/ Edward Grinacoff
-----------------------------------
Name: Edward Grinacoff
Title: Treasurer
42 of 45
<PAGE>
/s/ Michael J. Marocco
---------------------------------
Michael J. Marocco
/s/ John Kornreich
---------------------------------
John Kornreich
/s/ Harvey Sandler
---------------------------------
Harvey Sandler
/s/ Andrew Sandler
---------------------------------
Andrew Sandler
43 of 45
Exhibit 7.02
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints BARRY RUBENSTEIN, his true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities, to sign any
and all statements and reports required under Section 13(d) of the Securities
Exchange Act of 1934, as amended, including, without limitation, Schedule 13D
and all amendments of all such statements and/or reports, and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission and with such other parties as may be
required, granting unto said attorney-in-fact and agent, and each of them, full
power and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorney-in-fact and agent or any of them, or their or his substitute
or substitutes, may lawfully do or cause to be done by virtue thereof.
IN WITNESS WHEREOF, I have hereunto set my hand this 12th day of February,
1998.
/s/ Brian Rubenstein
-------------------------
Brian Rubenstein
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Exhibit 7.03
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints BARRY RUBENSTEIN, her true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for her and in her name, place and stead, in any and all capacities, to sign any
and all statements and reports required under Section 13(d) of the Securities
Exchange Act of 1934, as amended, including, without limitation, Schedule 13D
and all amendments of all such statements and/or reports, and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission and with such other parties as may be
required, granting unto said attorney-in-fact and agent, and each of them, full
power and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully to all intents and
purposes as she might or could do in person, hereby ratifying and confirming all
that said attorney-in-fact and agent or any of them, or their or her substitute
or substitutes, may lawfully do or cause to be done by virtue thereof.
IN WITNESS WHEREOF, I have hereunto set my hand this 12th day of February,
1998.
/s/ Rebecca Rubenstein
-------------------------
Rebecca Rubenstein
