None mentioned.
edgar-online.com
The Agent in the most recent (re-)offering (from Sept 22) was MSDW.
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SELLING SECURITYHOLDERS
This Prospectus covers the sale of up to an aggregate of 2,000,000 shares of
Common Stock of the Company, which shares are issuable upon the exercise
options, which are presently vested and exercisable, granted to officers,
directors and employees of the Company. The options have been granted in
accordance with the Company's compensation programs. The Company has set up an
account with Morgan Stanley Dean Witter to enable the simultaneous exercise of
the options, in whole or in part by the holders. The Company shall authorize the
resale of an aggregate of 2,000,000 shares underlying options granted to
officers, directors and employees of the Company, in accordance with a schedule
supplied by the Company, providing a breakdown of each individuals vested
portion of their granted options. The exercise of the options and resale of
shares shall be strictly monitored by the Company and Morgan Stanley Dean
Witter.
PLAN OF DISTRIBUTION
The Company has set up an account with Morgan Stanley Dean Witter to enable the
simultaneous exercise of the options, in whole or in part by the holders, and
the resale of the shares purchased, whereby, the Company would received the
exercise price and the holder the difference between the sale price and exercise
price, less a commission. Dean Witter, in accordance with the Company's
instructions would also deduct an amount from each sale for income tax purposes,
which would be paid to the government on the employees behalf. The Company may
in the future engage other brokerage firms to implement this option exercise
program. All references to "Agent" shall refer to Morgan Stanley Dean Witter or
such other brokerage firm engaged by the Company to facilitate this option
exercise program. The Company shall authorize its Agent to resell an aggregate
of 2,000,000 shares underlying options granted to officers, directors and
employees of the Company, in accordance with a schedule supplied by the Company,
providing a breakdown of each individuals vested portion of their granted
options. The exercise of the options and resale of shares shall be strictly
monitored by the Company.
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