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To: SSP who wrote (6903)8/11/1999 11:33:00 PM
From: SSP  Read Replies (1) | Respond to of 150070
 
PCES - (a) As of the date of this Statement, Mr. Pappajohn
beneficially owned an aggregate of 3,475,218 shares of Common
Stock,(assuming the conversion of 1,250,000 shares of Series A
Preferred Stock into 2,500,000 shares of Common Stock) and
Warrants to purchase another 1,642,487 shares of Common Stock.
Such shares of Common Stock and the Warrants represent 40.25% of
the outstanding Common Stock of the Company
based upon 12,714,271
shares of Common Stock actually outstanding as of July 20, 1999,
assuming conversion of all of the Series A Preferred Stock and
Pappajohn's Warrants into Common Stock.

pappajohn.com

pappajohn.com

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