SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a).
(Amendment No. 11)(1)
CORNERSTONE INTERNET SOLUTIONS CO.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
293636106
(CUSIP Number)
Copy to:
Stephen A. Cohen, Esq.
Seneca Ventures Morrison Cohen Singer & Weinstein, LLP
68 Wheatley Road 750 Lexington Avenue
Brookville, New York 11545 New York, New York 10022
Telephone (516) 626-3070 Telephone (212) 735-8600
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
October 27, 1999
(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 ss.ss. 240.13d - 1(e), 240.13d- 1(f) or 240.13d-1(g), check
the following box |_|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties to whom copies are to be sent.
(Continued on following page(s))
- --------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("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 1 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Barry Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (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 473,000 shares 2.0%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 11,727,486 shares 49.4%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 473,000 shares 3.4%
With -----------------------------------------------------------------
10 Shared Dispositive Power
11,727,486 shares 50.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
12,200,486 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) 51.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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
Number of 514,415 shares 2.2%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,406,587 shares 5.9%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 514,415 shares 3.7%
With -----------------------------------------------------------------
10 Shared Dispositive Power
1,406,587 shares 9.5%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,921,002 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) 13.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 343,636 shares 1.4%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,577,366 shares 6.6%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 343,636 shares 2.5%
With -----------------------------------------------------------------
10 Shared Dispositive Power
1,577,366 shares 10.7%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,921,002 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) 13.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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) 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 1,921,002 shares 8.0%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
1,921,002 shares 13.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,921,002 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) 13.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 3,074,169 shares 12.9%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,458,782 shares 6.1%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 3,074,169 shares 19.2%
With -----------------------------------------------------------------
10 Shared Dispositive Power
1,458,782 shares 8.5%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 1,050,172 shares 4.4%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 3,482,779 shares 14.7%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 1,050,172 shares 7.3%
With -----------------------------------------------------------------
10 Shared Dispositive Power
3,482,779 shares 20.3%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 408,610 shares 1.7%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 4,124,341 shares 17.4%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 408,610 shares 2.9%
With -----------------------------------------------------------------
10 Shared Dispositive Power
4,124,341 shares 24.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 4,532,951 shares 19.1%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
4,532,951 shares 26.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 4,532,951 shares 19.1%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
4,532,951 shares 26.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 4,532,951 shares 19.1%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
4,532,951 shares 26.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 4,532,951 shares 19.1%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
4,532,951 shares 26.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Barry Fingerhut
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (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 10,279,484 shares 43.3%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 1,000 shares 0.01%
With -----------------------------------------------------------------
10 Shared Dispositive Power
10,279,484 shares 46.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
10,280,484 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) 46.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Irwin Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (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 6,000 shares 0.01%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 10,279,484 shares 43.3%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 6,000 shares 0.01%
With -----------------------------------------------------------------
10 Shared Dispositive Power
10,279,484 shares 46.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
10,285,484 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) 46.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 485,714 shares 2.0%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,435,288 shares 6.0%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 485,714 shares 3.4%
With -----------------------------------------------------------------
10 Shared Dispositive Power
1,435,288 shares 9.7%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,921,002 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) 13.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Wheatley Partners II, L.P. (formerly 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 5,746,533 shares 24.2%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 5,746,533 shares 30.8%
With -----------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
5,746,533 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) 30.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Applewood Capital Corp.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (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 5,746,533 shares 24.2%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
5,746,533 shares 30.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
5,746,533 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) 30.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Seth Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (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 5,746,533 shares 24.2%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
5,746,533 shares 30.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
5,746,533 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) 30.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 5,746,533 shares 24.2%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
5,746,533 shares 30.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
5,746,533 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) 30.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 19 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 1,921,002 shares 8.0%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
1,921,002 shares 13.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,921,002 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) 13.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 20 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 0.4%
Shares -----------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 1,816,765 shares 7.6%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 104,237 shares 0.8%
With -----------------------------------------------------------------
10 Shared Dispositive Power
1,816,765 shares 12.3%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,921,002 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) 13.0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 21 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 0.4%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
104,237 shares 0.8%
- --------------------------------------------------------------------------------
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) 0.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 22 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
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 0.4%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
104,237 shares 0.8%
- --------------------------------------------------------------------------------
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) 0.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 23 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Douglas Schimmel
- --------------------------------------------------------------------------------
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 4,532,951 shares 19.1%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
4,532,951 shares 26.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 24 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Hannah Stone
- --------------------------------------------------------------------------------
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 4,532,951 shares 19.1%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
4,532,951 shares 26.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 25 of 44
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
David Lee
- --------------------------------------------------------------------------------
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 4,532,951 shares 19.1%
Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------
10 Shared Dispositive Power
4,532,951 shares 26.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,532,951 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) 26.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 26 of 44
<PAGE>
This statement, dated October 27, 1999, constitutes Amendment No. 11 to the
Schedule 13D, dated September 11, 1995, regarding the reporting persons
ownership of certain securities of Cornerstone Internet Solutions Co. (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. 11 to the Schedule is filed in accordance with Rule
13d-2 of the Securities Exchange Act of 1934, as amended, by the reporting
persons. It shall refer only to information which has materially changed since
the filing of the Schedule.
ITEM 2. Identity and Background
24.
(a) Douglas Schimmel, is the sole shareholder of SERF Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
SERF Corp. became a general partner of SCM on January 1, 1999, which is the
general partner of SIP, a general partner of 21st Century, T-E and Foreign.
25. (a) Hannah Stone, is the sole shareholder of TERPSI Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
TERPSI Corp. became a general partner of SCM on January 1, 1999, which is
the general partner of SIP, a general partner of 21ST Century, T-E and Foreign.
26. (a) David Lee, is the sole shareholder of JIRAKAL Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
Page 27 of 44
<PAGE>
JIRAKAL Corp. became a general partner of SCM on January 1, 1999, which is
the general partner of SIP, a general partner of 21st Century, T-E and Foreign.
Effective July 1, 1999, Applewood Associates, L.P. changed its name to
Wheatley Partners II, L.P.
ITEM 3. Source and Amount of Funds or Other Consideration.
The source of funds for the acquisition of the additional securities was
the personal funds of Barry Rubenstein.
Number of Purchase
Shares Price
------ -----
Barry Rubenstein 200,000 $475,000
ITEM 4. Purpose of Transaction.
Other than the reporting persons' purchase or sale of additional securities
of the Issuer, no reporting person has any present plan or proposal which would
relate to or result in any of the matters set forth in subparagraphs (a)-(j) of
Item 4 of Schedule 13D except as set forth herein.
ITEM 5. Interests in Securities of the Issuer.
(a) The following list sets forth the aggregate number and percentage
(based on 13,669,292 shares of Common Stock outstanding as of August 31, 1999,
as reported by the Issuer in its Form 10-Q for the quarter ended August 31,
1999), of outstanding shares of Common Stock owned beneficially by each
reporting person named in Item 2, as of October 27, 1999.
Page 28 of 44
<PAGE>
<TABLE>
<CAPTION>
Shares of Percentage of Shares
Common Stock Percent of Voting of Common Stock
Name Beneficially Owned(2) Control(3) Beneficially Owned(2)
---- --------------------- ---------- ---------------------
<S> <C> <C> <C>
Barry Rubenstein 12,200,486(4,5,6,7) 51.0% 51.5%
Woodland Venture Fund 1,921,002(4) 8.0% 13.0%
Seneca Ventures 1,921,002(4) 8.0% 13.0%
Woodland Services Corp. 1,921,002(4) 8.0% 13.0%
21st Century 4,532,951(4,8) 19.1% 26.4%
Communications
Partners, L.P.
21st Century 4,532,951(4,9) 19.1% 26.4%
Communications T-E
Partners, L.P.
21st Century 4,532,951(4,10) 19.1% 26.4%
Communications
Foreign Partners, L.P.
Michael Marocco 4,532,951(4,7) 19.1% 26.4%
John Kornreich 4,532,951(4,7) 19.1% 26.4%
</TABLE>
- --------
(2) Includes shares of Common Stock issuable upon the exercise of the options
and shares of Common Stock issuable upon the conversion of the Class D
Preferred Stock into Common Stock.
(3) Includes voting rights from the Class D Preferred Stock.
(4) The reporting person disclaims beneficial ownership of these securities,
except to the extent of his/her/its equity interest therin.
(5) Includes 160,500 shares of Common Stock held in Barry Rubenstein's Rollover
IRA account.
(6) Includes 746,533 shares of Common Stock owned by Wheatley Partners II, L.P.
(7) Includes 1,032,951 shares of Common Stock owned by 21st Century, T-E and
Foreign.
(8) Includes 701,169 shares of Common Stock. 21st Century disclaims beneficial
ownership of 242,172 shares of Common Stock owned by T-E and 89,610 shares
of Common Stock owned by Foreign.
(9) Includes 242,172 shares of Common Stock. T-E disclaims beneficial ownership
of 701,169 shares of Common Stock owned by 21st Century and 89,610 shares
of Common Stock owned by Foreign.
(10) Includes 89,610 shares of Common Stock. Foreign disclaims beneficial
ownership of 701,169 shares of Common Stock owned by 21st Century and
242,172 shares of Common Stock owned by T-E.
Page 29 of 44
<PAGE>
<TABLE>
<CAPTION>
Shares of Percentage of Shares
Common Stock Percent of Voting of Common Stock
Name Beneficially Owned(2) Control(3) Beneficially Owned(2)
---- --------------------- ---------- ---------------------
<S> <C> <C> <C>
Harvey Sandler 4,532,951(4,7) 19.1% 26.4%
Andrew Sandler 4,532,951(4,7) 19.1% 26.4%
Barry Fingerhut 10,280,484(4,6,7) 43.3% 46.4%
Irwin Lieber 10,302,484(4,6,7) 43.3% 46.4%
Woodland Partners 1,921,002(4) 8.0% 13.0%
Wheatley Partners II, L.P. 5,746,533(6) 24.2% 30.8%
(formerly Applewood
Associates, L.P.)
Applewood Capital Corp. 5,746,53394,6) 24.2% 30.8%
Seth Lieber 5,746,533(4,6) 24.2% 30.8%
Jonathan Lieber 5,746,533(4,6) 24.2% 30.8%
Marilyn Rubenstein 1,921,0024 8.0% 13.0%
The Marilyn and Barry 1,921,0024 8.0% 13.0%
Rubenstein Family
Foundation
Brian Rubenstein 104,2374 0.4% 0.8%
Rebecca Rubenstein 104,2374 0.4% 0.8%
Douglas Schimmel 4,532,951(4,7) 19.1% 26.4%
Hannah Stone 4,532,951(4,7) 19.1% 26.4%
David Lee 4,532,951(4,7) 19.1% 26.4%
</TABLE>
(b) Barry Rubenstein has sole power to vote and to dispose of 473,000
shares of Common Stock (including 125,000 shares issuable upon the exercise of
the Non-Qualified Option and 50,000 shares issuable upon the exercise of the
Option), 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 Wheatley
Partners II, L.P., Seneca, the Fund and Woodland Partners, Barry Rubenstein may
be deemed to have shared power to vote 11,727,486 shares of Common Stock
(including 9,450,000 voting rights from the Class D Preferred Stock),
representing approximately 49.4% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 11,727,486 shares of Common Stock
(including 9,450,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 50.6% of the outstanding Common
Stock.
Page 30 of 44
<PAGE>
The Fund has sole power to vote 514,415 shares of Common Stock,
representing approximately 2.2% of the outstanding Common Stock (including
300,000 voting rights from the Class D Preferred Stock), and may be deemed to
have shared power to vote 1,406,587 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 650,000 voting rights from the
Class D Preferred Stock), representing approximately 5.9% of the outstanding
Common Stock. The Fund has the sole power to dispose of 514,415 shares of Common
Stock (including 300,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 3.7% of the outstanding Common
Stock, and shared power to dispose of 1,406,587 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 650,000
shares issuable upon the conversion of the Class D Preferred Stock),
representing approximately 9.5% of the outstanding Common Stock.
Seneca has sole power to vote 343,636 shares of Common Stock, representing
approximately 1.4% of the outstanding Common Stock (including 200,000 voting
rights from the Class D Preferred Stock), and may be deemed to have shared power
to vote 1,577,366 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 750,000 voting rights from the Class D Preferred
Stock), representing approximately 6.6% of the outstanding Common Stock. Seneca
has sole power to dispose of 343,636 shares of Common Stock (including 200,000
shares issuable upon the conversion of the Class D Preferred Stock),
representing approximately 2.5% of the outstanding Common Stock, and shared
power to dispose of 1,577,366 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 750,000 shares issuable upon the conversion
of the Class D Preferred Stock), representing approximately 10.7% of the
outstanding Common Stock.
Woodland Services Corp. has shared power to vote 1,921,002 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 950,000
voting rights from the Class D Preferred Stock), representing approximately 8.0%
of the outstanding Common Stock, and may be deemed to have shared power to
dispose of 1,921,002 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 950,000 shares issuable upon the conversion of the
Class D Preferred Stock), representing approximately 13.0% of the outstanding
Common Stock.
21st Century has sole power to vote 3,074,169 shares of Common Stock
(including 2,373,000 voting rights from the Class D Preferred Stock),
representing approximately 12.9% of the outstanding Common Stock, and may be
deemed to have shared power to vote 1,458,782 shares of Common Stock (including
1,127,000 voting rights from the Class D Preferred Stock), representing
approximately 6.1% of the outstanding Common Stock. 21st Century has sole power
to dispose of 3,074,169 shares of Common Stock (including 2,373,000 shares
issuable upon the conversion of the Class D Preferred Stock), representing
approximately 19.2% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 1,458,782 shares of Common Stock (including
Page 31 of 44
<PAGE>
1,127,000 shares issuable upon the conversion of the Class D Preferred Stock),
representing approximately 8.5% of the outstanding Common Stock.
T-E has sole power to vote 1,050,172 shares of Common Stock (including
808,000 voting rights from the Class D Preferred Stock), representing
approximately 4.4% of the outstanding Common Stock, and may be deemed to have
shared power to vote 3,482,779 shares of Common Stock (including 2,692,000
voting rights from the Class D Preferred Stock), representing approximately
14.7% of the outstanding Common Stock. T-E has sole power to dispose of
1,050,172 shares of Common Stock (including 808,000 shares issuable upon the
conversion of the Class D Preferred Stock), representing approximately 7.3% of
the outstanding Common Stock, and may be deemed to have shared power to dispose
of 3,482,779 shares of Common Stock (including 2,692,000 shares issuable upon
the conversion of the Class D Preferred Stock), representing approximately 20.3%
of the outstanding Common Stock.
Foreign has sole power to vote 408,610 shares of Common Stock (including
319,000 voting rights from the Class D Preferred Stock), representing
approximately 1.7% of the outstanding Common Stock. Foreign may be deemed to
have shared power to vote 4,124,341 shares of Common Stock (including 3,181,000
voting rights from the Class D Preferred Stock), representing approximately
17.4% of the outstanding Common Stock. Foreign has sole power to dispose of
408,610 shares of Common Stock (including 319,000 shares issuable upon the
conversion of the Class D Preferred Stock), representing approximately 2.9% of
the outstanding Common Stock, and may be deemed to have shared power to dispose
of 4,124,341 shares of Common Stock (including 3,181,000 shares issuable upon
the conversion of the Class D Preferred Stock), representing approximately 24.0%
of the outstanding Common Stock.
By virtue of being the sole shareholder of MJDM Corp., Michael J. Marocco
may be deemed to have shared power to vote 4,532,951 shares of Common Stock
(including 3,500,000 voting rights from the Class D Preferred Stock),
representing approximately 19.1% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 4,532,951 shares of Common Stock
(including 3,500,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 26.4% 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 4,532,951 shares of
Common Stock (including 3,500,000 voting rights from the Class D Preferred
Stock), representing approximately 19.1% of the outstanding Common Stock, and
may be deemed to have shared power to dispose of 4,532,951 shares of Common
Stock (including 3,500,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 26.4% 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 4,532,951 shares of Common Stock (including
3,500,000 voting rights from the Class D Preferred Stock), representing
approximately 19.1% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 4,532,951 shares of Common Stock
Page 32 of 44
<PAGE>
(including 3,500,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 26.4% of the outstanding Common
Stock.
By virtue of being the sole shareholder of ALCR Corp., Andrew Sandler may
be deemed to have shared power to vote 4,532,951 shares of Common Stock
(including 3,500,000 voting rights from the Class D Preferred Stock),
representing approximately 19.1% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 4,532,951 shares of Common Stock
(including 3,500,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 26.4% of the outstanding Common
Stock.
Barry Fingerhut has sole power to vote and dispose of 1,000 shares of
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 Wheatley Partners II, L.P., Barry
Fingerhut may be deemed to have shared power to vote 10,279,484 shares of Common
Stock (including 8,500,000 voting rights from the Class D Preferred Stock),
representing approximately 43.3% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 10,279,484 shares of Common Stock
(including 8,500,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 46.4% of the outstanding Common
Stock.
Irwin Lieber has sole power to vote and dispose of 6,000 shares of 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 Wheatley Partners II, L.P., Irwin Lieber
may be deemed to have shared power to vote 10,279,484 shares of Common Stock
(including 8,500,000 voting rights from the Class D Preferred Stock),
representing approximately 43.3% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 10,279,484 shares of Common Stock
(including 8,500,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 46.4% of the outstanding Common
Stock.
Wheatley Partners II, L.P. has sole power to vote 5,746,533 shares of
Common Stock (including 5,000,000 voting rights from the Class D Preferred
Stock), representing approximately 24.2% of the outstanding Common Stock, and
has sole power to dispose of 5,746,533 shares of Common Stock (including
5,000,000 shares issuable upon the conversion of the Class D Preferred Stock),
representing approximately 30.8% of the outstanding Common Stock.
AC Corp. may be deemed to have shared power to vote 5,746,533 shares of
Common Stock (including 5,000,000 voting rights from the Class D Preferred
Stock), representing approximately 24.2% of the outstanding Common Stock, and
may be deemed to have shared power to dispose of 5,746,533 shares of Common
Stock (including 5,000,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 30.8% of the outstanding Common
Stock.
Page 33 of 44
<PAGE>
By virtue of being a general partner of Wheatley Partners II, L.P. and an
officer of AC Corp., Seth Lieber may be deemed to have shared power to vote
5,746,533 shares of Common Stock (including 5,000,000 voting rights from the
Class D Preferred Stock), representing approximately 24.2% of the outstanding
Common Stock (including 5,000,000 shares issuable upon the conversion of the
Class D Preferred Stock), and may be deemed to have shared power to dispose of
5,746,533 shares of Common Stock, representing approximately 30.8% of the
outstanding Common Stock.
By virtue of being a general partner of Wheatley Partners II, L.P. and an
officer of AC Corp., Jonathan Lieber may be deemed to have shared power to vote
5,746,533 shares of Common Stock (including 5,000,000 voting rights from the
Class D Preferred Stock), representing approximately 24.2% of the outstanding
Common Stock, and may be deemed to have shared power to dispose of 5,746,533
shares of Common Stock (including 5,000,000 shares issuable upon the conversion
of the Class D Preferred Stock), representing approximately 30.8% of the
outstanding Common Stock.
Woodland Partners has sole power to vote 485,714 shares of Common Stock
(including 450,000 voting rights from the Class D Preferred Stock), representing
approximately 2.0% of the outstanding Common Stock, and may be deemed to have
shared power to vote 1,435,288 shares of Common Stock (including 500,000 voting
rights from the Class D Preferred Stock, 125,000 shares issuable upon the
exercise of the Non-Qualified Option and 50,000 shares issuable upon the
exercise of the Option), representing approximately 6.0% of the outstanding
Common Stock. Woodland Partners has sole power to dispose of 485,714 shares of
Common Stock (including 450,000 shares issuable upon the conversion of the Class
D Preferred Stock), representing approximately 3.4% of the outstanding Common
Stock, and may be deemed to have shared power to dispose of 1,435,288 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
500,000 shares issuable upon the conversion of the Class D Preferred Stock),
representing approximately 9.7% of the outstanding Common Stock.
By virtue of being a general partner of Woodland Partners, a Trustee of the
Foundation, an officer of Woodland Services Corp. and the wife of Barry
Rubenstein, Marilyn Rubenstein may be deemed to have shared power to vote
1,921,002 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 950,000 voting rights from the Class D Preferred Stock),
representing approximately 8.0% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 1,921,002 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 950,000
shares issuable upon the conversion of the Class D Preferred Stock),
representing approximately 13.0% of the outstanding Common Stock.
The Foundation has sole power to vote 104,237 shares of Common Stock,
representing approximately 0.4% of the outstanding Common Stock, and may be
deemed to have shared power to vote 1,816,765 shares of Common Stock (including
125,000 shares issuable upon the exercise of
Page 34 of 44
<PAGE>
the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option
and 950,000 voting rights from the Class D Preferred Stock), representing
approximately 7.6% of the outstanding Common Stock. The Foundation has sole
power to dispose of 104,237 shares of Common Stock, representing approximately
0.8% of the outstanding Common Stock, and may be deemed to have shared power to
dispose of 1,816,765 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 950,000 shares issuable upon the conversion of the
Class D Preferred Stock), representing approximately 12.3% of the outstanding
Common Stock.
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, representing
approximately 0.4% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 104,237 shares of Common Stock, representing
approximately 0.8% 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, representing
approximately 0.4% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 104,237 shares of Common Stock, representing
approximately 0.8% of the outstanding Common Stock.
By virtue of being the sole shareholder of SERF Corp., Douglas Schimmel may
be deemed to have shared power to vote 4,532,951 shares of Common Stock
(including 3,500,000 voting rights from the Class D Preferred Stock),
representing approximately 19.1% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 4,532,951 shares of Common Stock
(including 3,500,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 26.4% of the outstanding Common
Stock.
By virtue of being the sole shareholder of TERPSI Corp., Hannah Stone may
be deemed to have shared power to vote 4,532,951 shares of Common Stock
(including 3,500,000 voting rights from the Class D Preferred Stock),
representing approximately 19.1% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 4,532,951 shares of Common Stock
(including 3,500,000 shares issuable upon the conversion of the Class D
Preferred Stock), representing approximately 26.4% of the outstanding Common
Stock.
By virtue of being the sole shareholder of JIRAKAL Corp., David Lee may be
deemed to have shared power to vote 4,532,951 shares of Common Stock (including
3,500,000 voting rights from the Class D Preferred Stock), representing
approximately 19.1% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 4,532,951 shares of Common Stock (including 3,500,000
shares issuable upon the conversion of the Class D Preferred Stock),
representing approximately 26.4% of the outstanding Common Stock.
(c) The following is a description of all transactions in the securities of
the Issuer by the persons identified in Item 2 of this Schedule 13D effected
from August 27, 1999 through October 27, 1999, inclusive;
Page 35 of 44
<PAGE>
On October 27, 1999, Barry Rubenstein, a general partner of Rev-wood,
exercised one-half of the Rev-wood Warrant (an option to acquire 400,000 shares
of Common Stock in the aggregate) for the purchase of 200,000 shares of Common
Stock of the Issuer at an exercise price of $2.375 per share. Mr. Rubenstein
sold the 200,000 shares of Common Stock at $2.4375 per share, in the
over-the-counter market, on such date.
(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 October 27, 1999 among the reporting
persons by which they have agreed to file this Schedule 13D and all necessary
amendments, as required by Rule 13d-1(f).
Page 36 of 44
<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: November 10, 1999 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/ Irwin Lieber
----------------------------------
Irwin Lieber,
Secretary and Treasurer
/s/ Barry Rubenstein
----------------------------------
Barry Rubenstein
/s/ Barry Fingerhut
----------------------------------
Barry Fingerhut
Page 37 of 44
<PAGE>
/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
Page 38 of 44
<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: Secretary and 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: Secretary and 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: Secretary and Treasurer
Page 39 of 44
<PAGE>
/s/ Michael J. Marocco
----------------------------------
Michael J. Marocco
/s/ John Kornreich
----------------------------------
John Kornreich
/s/ Harvey Sandler
----------------------------------
Harvey Sandler
/s/ Andrew Sandler
----------------------------------
Andrew Sandler
/s/ Douglas Schimmel
----------------------------------
Douglas Schimmel
/s/ Hannah Stone
----------------------------------
Hannah Stone
/s/ David Lee
----------------------------------
David Lee
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
Page 40 of 44
<PAGE>
Exhibit 7.01
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 of a statement on Schedule 13D (including amendments thereto) with
respect to the Common Stock, par value $0.01 per share, of CORNERSTONE INTERNET
SOLUTIONS CO. and that this Agreement be filed as an Exhibit to such statement
on Schedule 13D.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective
as of the 27th day of October, 1999.
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
Page 41 of 44
<PAGE>
APPLEWOOD CAPITAL CORP.
/s/ Irwin Lieber
----------------------------------
Irwin Lieber,
Secretary and Treasurer
/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
Page 42 of 44
<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: Secretary and 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: Secretary and 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: Secretary and Treasurer
Page 43 of 44
<PAGE>
/s/ Michael J. Marocco
----------------------------------
Michael J. Marocco
/s/ John Kornreich
----------------------------------
John Kornreich
/s/ Harvey Sandler
----------------------------------
Harvey Sandler
/s/ Andrew Sandler
----------------------------------
Andrew Sandler
/s/ Douglas Schimmel
----------------------------------
Douglas Schimmel
/s/ Hannah Stone
----------------------------------
Hannah Stone
/s/ David Lee
----------------------------------
David Lee
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
Page 44 of 44
