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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1)*
Kofax Image Products
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
0005002001
-------------------------------------------------------------
(CUSIP Number)
December 31, 1998
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 15 pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 0005002001 13G Page 2 of 15 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Aspen Venture Partners, L.P.
04-3266983
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Jersey, Channel Islands limited partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
648,096 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH: 8
648,096 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
648,096 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.21%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
Page 2 of 15 pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 0005002001 13G Page 3 of 15 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Aspen Venture Associates, L.P.
04-3128426
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
648,096 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH: 8
648,096 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
648,096 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.21%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
Page 3 of 15 pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 0005002001 13G Page 4 of 15 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES)
Michael J.F. DuCros
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
648,096 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH: 8
648,096 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
648,096 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.21%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 4 of 15 pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 0005002001 13G Page 5 of 15 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Alexander P. Cilento
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
648,096 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH: 8
648,096 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
648,096 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.21%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 5 of 15 pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 0005002001 13G Page 6 of 15 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
E. David Crockett
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
648,096 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH: 8
648,096 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
648,096 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.21%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 6 of 15 pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 0005002001 13G Page 7 of 15 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Allan R. Ferguson
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
648,096 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH: 8
648,096 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
648,096 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.21%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 7 of 15 pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 0005002001 13G Page 8 of 15 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Michael A. Henos
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
648,096 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH: 8
648,096 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
648,096 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.21%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 8 of 15 pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 0005002001 13G Page 9 of 15 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Nicholas A. Papantonis
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
648,096 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH: 8
648,096 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
648,096 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.21%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 9 of 15 pages
<PAGE>
Item 1 (a). Name of Issuer:
- ----------- ---------------
Kofax Image Products, Inc.
Item 1 (b). Address of Issuer's Principal Executive Offices:
- ----------- ------------------------------------------------
3 Jenner Street, Irvine, CA 92618
Item 2 (a). Name of Person Filing:
- ----------- ----------------------
Aspen Venture Partners, L.P. ("Aspen"), Aspen Venture Associates,
L.P. ("AVA"), Alexander P. Cilento ("Cilento"), E. David Crockett
("Crockett"), Michael J.F. DuCros ("DuCros"), Allan R. Ferguson
("Ferguson"), Michael A. Henos ("Henos") and Nicholas A. Papantonis
("Papantonis"). Cilento, Crockett, DuCros, Ferguson, Henos and
Papantonis are the general partners of AVA, the sole general
partner of Aspen.
.
Item 2 (b). Address of Principal Business Office or, if none, Residence:
- ----------- ------------------------------------------------------------
The address of the principal business office of each of Aspen, AVA,
Cilento, Crockett, DuCros, Ferguson, Henos and Papantonis is 20
William Street, Suite G90, Wellesley, MA 02481.
Item 2 (c). Citizenship:
- ----------- ------------
Aspen is a limited partnership organized under the laws of Jersey,
Channel Islands. AVA is a limited partnership organized under the
laws of the State of Delaware. Messrs. Cilento, DuCros, Ferguson,
Henos and Papantonis and Dr. Crockett are United States citizens.
Item 2 (d). Title of Class of Securities:
- ----------- -----------------------------
Common Stock, $.001 par value
Item 2 (e). CUSIP Number
- ----------- ------------
0005002001
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
- ------- ------------------------------------------------------------------
check whether the person filing is a:
-------------------------------------
NOT APPLICABLE
ITEM 4. OWNERSHIP:
- ------- ----------
(a) Amount Beneficially Owned:
Aspen owns beneficially and of record 648,096 shares of Common
Stock of Kofax Image Products, Inc. as of December 31, 1998.
AVA, the general partner of Aspen, may be deemed to own
beneficially the 648,096 shares of Common Stock held by Aspen
as of December 31, 1998. Cilento, Crockett, DuCros, Ferguson,
Henos, and Papantonis are general partners of AVA (the "General
Partners"), and each therefore may be deemed to own
beneficially the 648,096 shares held by Aspen as of December
31, 1998. With the exception of Aspen, all of the reporting
persons disclaim beneficial ownership of the
Page 10 of 15 pages
<PAGE>
above mentioned 648,096 shares of Common Stock of Kofax
Image Products, Inc.
(b) Percent of Class:
Each of Aspen, AVA and the General Partners owns
beneficially 12.21% of the Common Stock of Kofax Image
Products, Inc. The foregoing percentage is calculated based
on the 5,306,890 shares of Common Stock reported to be
outstanding on October 30, 1998 in the Kofax Image Products,
Inc. Quarterly Report on Form 10-Q for the quarter ended
September 30, 1998.
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote: Aspen: 0; AVA:
0; Cilento: 0; Crockett: 0; DuCros: 0; Ferguson: 0;
Henos: 0; and Papantonis: 0.
(ii) shared power to vote or to direct the vote: Aspen:
648,096; AVA: 648,096; Cilento: 648,096; Crockett:
648,096; Ducros: 648,096; Ferguson: 648,096; Henos:
648,096 and Papantonis: 648,096.
(iii) sole power to dispose or to direct the
disposition of: Aspen: 0; AVA: 0; Cilento: 0;
Crockett: 0; DuCros: 0; Ferguson: 0; Henos: 0 and
Papantonis: 0.
(iv) shared power to dispose or to direct the
disposition of: Aspen: 648,096; AVA: 648,096; Cilento:
648,096; Crockett: 648,096; DuCros: 648,096; Ferguson:
648,096; Henos: 648,096 and Papantonis: 648,096.
Item (5). Ownership of Five Percent or Less of a Class:
- --------- ---------------------------------------------
NOT APPLICABLE
Item (6). Ownership of More Than Five Percent on Behalf of Another Person:
- --------- ----------------------------------------------------------------
NOT APPLICABLE.
Item (7). Identification and Classification of the Subsidiary Which Acquired
- --------- ------------------------------------------------------------------
the Security Being Reported on by the Parent Company:
-----------------------------------------------------
NOT APPLICABLE.
Item (8). Identification and Classification of Members of the Group:
- --------- ----------------------------------------------------------
NOT APPLICABLE.
Item (9). Notice of Dissolution of Group:
- --------- -------------------------------
NOT APPLICABLE.
Item (10). Certification:
- ---------- --------------
NOT APPLICABLE.
Not filed pursuant to Rule 13d-1(b) OR 13d-1(c).
Page 11 of 15 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: February 12, 1999 ASPEN VENTURE PARTNERS, L.P.
By: Aspen Venture Associates, L.P.
By: /s/ Michael J.F. DuCros
--------------------------------
General Partner
ASPEN VENTURE ASSOCIATES, L.P.
By: /s/ Michael J.F. DuCros
--------------------------------
General Partner
*
--------------------------------
Alexander P. Cilento
*
--------------------------------
E. David Crockett
/s/ Michael J.F. DuCros
--------------------------------
Michael J.F. DuCros
*
--------------------------------
Allan R. Ferguson
*
--------------------------------
Michael Henos
*
--------------------------------
Nicholas A. Papantonis
*By: /s/ Michael J.F. DuCros
----------------------------------
Michael J.F. DuCros
Attorney-in-Fact
________________________________________________________________________________
This Schedule 13G was executed by Michael J.F. DuCros pursuant to the Power of
Attorney filed with the Securities and Exchange Commission on February 12, 1993,
in connection with a Schedule 13G for Media Vision, Inc., which Power of
Attorney is incorporated herein by reference and a copy of which is attached
hereto.
Page 12 of 15 pages
<PAGE>
EXHIBIT I
---------
Pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required on Schedule 13G need be filed with respect to ownership by each of the
undersigned of shares of Common Stock of Kofax Image Products, Inc.
This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original.
Dated: February 12, 1999 ASPEN VENTURE PARTNERS, L.P.
By: Aspen Venture Associates, L.P.
By: /s/ Michael J.F. DuCros
-----------------------------------
General Partner
ASPEN VENTURE ASSOCIATES, L.P.
By: /s/ Michael J.F. DuCros
-----------------------------------
General Partner
*
-----------------------------------
Alexander P. Cilento
*
-----------------------------------
E. David Crockett
/s/ Michael J.F. DuCros
-----------------------------------
Michael J.F. DuCros
*
-----------------------------------
Allan R. Ferguson
Page 13 of 15 pages
<PAGE>
*
-------------------------------
Michael Henos
*
--------------------------------
Nicholas A. Papantonis
*By: /s/ Michael J.F. DuCros
-------------------------
Michael J.F. DuCros
Attorney-in-Fact
________________________________________________________________________________
This Schedule 13G was executed by Michael J.F. DuCros pursuant to the Power of
Attorney filed with the Securities and Exchange Commission on February 12, 1993,
in connection with a Schedule 13G for Media Vision, Inc., which Power of
Attorney is incorporated herein by reference and a copy of which is attached
hereto.
Page 14 of 15 pages
<PAGE>
EXHIBIT II
----------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Allan R. Ferguson and Michael J.F.
Du Cros, and each of them, with full power to act without the other, his true
and lawful attorney-in-fact, with full power of substitution, to sign any and
all instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in-fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
10th day of February, 1993.
/s/ Alexander P. Cilento
------------------------------------
Alexander P. Cilento
/s/ E. David Crockett
------------------------------------
E. David Crockett
/s/ Michael J.F. Du Cros
------------------------------------
Michael J.F. Du Cros
/s/ Allan R. Ferguson
------------------------------------
Allan R. Ferguson
/s/ Michael A. Henos
------------------------------------
Michael A. Henos
/s/ Nicholas A. Papantonis
------------------------------------
Nicholas A. Papantonis
Page 15 of 15 pages
