About EDGAR Online | Login
 
Enter your Email for a Free Trial:
The following is an excerpt from a S-1 SEC Filing, filed by DISABOOM, INC. on 4/29/2008.
Next Section Next Section Previous Section Previous Section
DISABOOM, INC. - S-1 - 20080429 - SELLING_SHAREHOLDERS

SELLING SECURITY HOLDERS

        The tables below set forth information concerning the resale of the Shares by the Selling Shareholders. We are registering for resale an aggregate of 17,317,687 shares of our common stock which includes 9,345,166 shares currently outstanding and 7,972,521 shares underlying warrants. Except for 55,000 of the shares issued in October 2007 and 76,325 shares underlying warrants that were issued in December 2007, the shares and warrants were purchased by the selling shareholders in two private placements, the first closed in September and October 2007 (“Offering No. 1”) and the second offering closed in December 2007 (“Offering No. 2”). The resale of the shares purchased in Offering No. 1 and shares underlying the warrants purchased in Offering No. 1 were originally registered in a registration statement we filed on Form SB-2, SEC File No. 333-148122. We are registering the resale of these shares of our common stock to permit each of the selling stockholders and their donees, pledgees, transferees or other successors-in-interest that receive their shares after the date of this prospectus to resell or otherwise dispose of the shares and shares underlying warrants, or interests therein, as well as any stock that we may issue or may be issuable by reason of any stock split, stock dividend or similar transaction involving these shares, in the manner contemplated under “Plan of Distribution.” We will not receive any proceeds from the resale of the common stock by the Selling Shareholders.

Offering No. 2

        The following table sets forth the name of each person who is offering the resale of shares of common stock by this prospectus that were purchased in Offering No. 2. The number of shares of common stock beneficially owned by each person, the number of shares of common stock that may be sold in the offering and the number of shares of common stock each person will own after the offering, assuming they sell all of the shares offered.



A

B

C

D

E
 
     Name

Outstanding
Shares Owned


Shares
Underlying
Warrants


Total Shares
(Based on
Columns A and B)
Beneficially
Owned Prior to
Offering (1)


Shares Offered
Hereby
(1)


Shares Owned
After Offering
(1) (2)


Vanita Aggarwal       7,928     5,946     13,874     13,874     0  

Harlan Arita       19,818     14,862     34,680     34,680     0  

Richard S. Baright and    
Carleen S. Baright JT WROS       33,333     25,000     58,333     58,333     0  


10




A

B

C

D

E
 
Jerry O. Barney       11,891     8,919     20,810     20,810     0  

John R. Bartos       33,333     25,000     58,333     58,333     0  

Margaret M. Bathgate       23,781     17,835     41,616     41,616     0  

Emmanuel Baud       33,333     25,000     58,333     58,333     0  

Axel Bauer       53,333     40,000     93,333     93,333     0  

Richard John Baxter       68,000     51,000     119,000     119,000     0  

John W. Beckley       39,636     29,727     69,363     69,363     0  

Eric N. Billingsley       66,667     50,000     116,667     116,667     0  

Michael Bilotta       39,636     29,727     69,363     69,363     0  

Albert Terry Bourque Jr. &    
Hope Bourque JTTEN       33,333     25,000     58,333     58,333     0  

Andrew MD Bradford       33,333     25,000     58,333     58,333     0  

Bruce & Laura Bray JT WROS       33,333     25,000     58,333     58,333     0  

Jochen Burrichter       133,333     100,000     233,333     233,333     0  

Anthony C.M. Bury       133,333     100,000     233,333     233,333     0  

Curtis Campbell       20,214     15,160     35,374     35,374     0  

Stephen Caragol       66,667     50,000     116,667     116,667     0  

Blue Rhino Investments, Inc.    
Defined Benefit Plan PSP       66,667     50,000     116,667     116,667     0  

Ronald Barrie Clapham       66,667     50,000     116,667     116,667     0  

Ryan D. Clutter       33,333     25,000     58,333     58,333     0  

Kyle Cox (6)       39,636     29,727     69,363     69,363     0  

David Davis       33,333     25,000     58,333     58,333     0  

Mark Davis       66,667     50,000     116,667     116,667     0  

F. Rouault De La Vigne       39,616     29,712     69,328     69,328     0  

Eric Delissy       66,667     50,000     116,667     116,667     0  

Daniel & Gina Derrico JT WROS       66,667     50,000     116,667     116,667     0  

Georgios Doutis       50,000     37,500     87,500     87,500     0  

Mike & Ellen Duffy JT WROS       133,333     100,000     233,333     233,333     0  

Jeremy P. Edwards       66,667     50,000     116,667     116,667     0  

W. Mark Edwards       66,667     50,000     116,667     116,667     0  

David W. Floyd and    
Cheryl W. Floyd JT WROS       33,333     25,000     58,333     58,333     0  

Stephan Gais       333,333     250,000     583,333     583,333     0  

Frank G. Gasztonyi and    
Cynthia Gasztonyi JT WROS       33,333     25,000     58,333     58,333     0  

Anton Gavrailov       33,333     25,000     58,333     58,333     0  

Eyal Giladi       19,818     14,863     34,681     34,681     0  

Patricia Susan Gorrie       100,000     75,000     175,000     175,000     0  

Donald G. Hamilton       66,667     50,000     116,667     116,667     0  

Howard H. Harriman &    
Eunice S. Harriman JT WROS       133,333     100,000     233,333     233,333     0  

11




A

B

C

D

E
 
Michael T. Heffner       133,333     100,000     233,333     233,333     0  

Jay A. Hintze       33,333     25,000     58,333     58,333     0  

H. Lee Hornbeck &    
Carolyn Sue Hornbeck JT WROS       200,000     150,000     350,000     350,000     0  

Brian Hunter       100,000     75,000     175,000     175,000     0  

Gregory F. Hurley       166,667     125,000     291,667     291,667     0  

Oren Inbar       39,818     14,863     54,681     34,681     20,000  

Michael Ishida       59,453     44,589     104,042     104,042     0  

Deepak Jain       7,928     5,946     13,874     13,874     0  

Varon Jain       7,927     5,946     13,873     13,873     0  

Matthew Keller (6)       33,333     25,000     58,333     58,333     0  

James G. Kennedy IRA Charles    
Schwab & Co., Inc. Custodian       100,000     59,454     159,454     138,725     20,729  

Nancy H. Kennedy IRA Charles    
Schwab & Co., Inc. Custodian       50,000     29,727     79,727     69,363     10,364  

John Klopp       33,333     25,000     58,333     58,333     0  

Steve Krietemeyer and    
Rose Krietemeyer JT WROS       33,333     25,000     58,333     58,333     0  

Rachel P. Kruger       19,818     14,863     34,681     34,681     0  

Ralph E. Kruger Jr.       19,818     14,863     34,681     34,681     0  

George Kryzaniwsky       133,333     100,000     233,333     233,333     0  

Delaware Charter Guarantee &    
Trust CO TTEE FBO John David    
Kucera IRA #44647683       11,891     8,917     20,808     20,808     0  

Swiatoslaw Kuziw       133,333     100,000     233,333     233,333     0  

The Larsen 2000 Revocable    
Trust (5)       66,667     50,000     116,667     116,667     0  

Ronald E. Lehman &    
Sharon V. Lehman COMM PROP WROS       66,667     50,000     116,667     116,667     0  

Risa Levin       56,000     42,000     98,000     98,000     0  

Brian E. Lewis       33,333     25,000     58,333     58,333     0  

Geoffrey Charles Maddock       133,333     100,000     233,333     233,333     0  

Sterling McGregor &    
Pamela McGregor       33,333     25,000     58,333     58,333     0  

Medimiles BV (5)       33,333     25,000     58,333     58,333     0  

Theresa Mehringer and    
Paul Cadorette JTTEN       69,818     14,863     84,681     34,681     50,000  

Kenneth Montgomery       33,333     25,000     58,333     58,333     0  

Moreland Crosby Industries (5)       33,333     25,000     58,333     58,333     0  


12




A

B

C

D

E
 
Irvin S. Naylor       39,636     29,727     69,363     69,363     0  

Newport Capital Partners Inc.       33,333     25,000     58,333     58,333     0  

Norton Delware & CO (5)       33,333     25,000     58,333     58,333     0  

Jeremy Oates       66,667     50,000     116,667     116,667     0  

Michael Ferghal O'Regan       120,000     90,000     210,000     210,000     0  

Micheal Norman Oughtred       133,333     100,000     233,333     233,333     0  

Nitin Patil       7,911     5,934     13,845     13,845     0  

J.J. Peirce       66,667     50,000     116,667     116,667     0  

Cynthia Peragallo and    
Dario Peragallo JT WROS       33,333     25,000     58,333     58,333     0  

Richard J. Petso (6)       11,891     8,917     20,808     20,808     0  

Paul M. Ponte       66,667     50,000     116,667     116,667     0  

Michael J.M. Quinlan       80,000     60,000     140,000     140,000     0  

Janice Rager       39,636     29,727     69,363     69,363     0  

Adam Raynor       166,667     125,000     291,667     291,667     0  

Barry Romich       33,333     25,000     58,333     58,333     0  

Michael Sandford       33,333     25,000     58,333     58,333     0  

Joseph A. Santoro       33,333     25,000     58,333     58,333     0  

Samuel Scheller       33,333     25,000     58,333     58,333     0  

Hans Seger       133,333     100,000     233,333     233,333     0  

B.W. Skinner       66,667     50,000     116,667     116,667     0  

Slade, Inc.       39,636     29,727     69,363     69,363     0  

Richard Anthony Smee       333,333     250,000     583,333     583,333     0  

Stephen C. Smith       7,928     5,946     13,874     13,874     0  

Lori Sunshine (7)       31,709     33,781     65,490     65,490     0  

Hubertus J.H. Sweering       66,667     50,000     116,667     116,667     0  

Tisu Investment Ltd.       66,667     50,000     116,667     116,667     0  

S.M. Weiler Appointment Trust    
f/b/o Ellen W. Halle       39,636     29,727     69,363     69,363     0  

Patrick A. Templeton (3)       27,745     20,808     48,553     48,553     0  

Kenneth D. Wasserman       39,636     29,727     69,363     69,363     0  

Yossi Weinberger       33,333     25,000     58,333     58,333     0  

Sean Westervelt       66,667     50,000     116,667     116,667     0  

WestMountain Prime LLC (5)       178,360     133,770     312,130     312,130     0  

W-3 Ventures, Inc.(5),(7)       0     66,325     66,325     66,325     0  

Mark Wheeler       39,636     29,727     69,363     69,363     0  

Rob Yarbrough       47,563     35,673     83,236     83,236     0  

Robert Zelin       33,333     25,000     58,333     58,333     0  

Bathgate Capital Partners(4)       0     33,011     33,011     33,011     0  

James Halle(4)       0     17,835     17,835     17,835     0  

13




A

B

C

D

E
 
GunnAllen Financial Inc.(4)       0     404,550     404,550     404,550     0  

Lovebyrd.com, LLC (6), (8)       55,000     0     55,000     55,000     0  

TOTALS       6,648,361     5,400,921     12,049,282     11,948,189     101,093  


    (1)        The beneficial ownership of the common stock by the selling stockholder set forth in the table is determined in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rule, beneficial ownership includes any shares as to which the selling stockholders has sole or shared voting power or investment power and also any shares, which the selling stockholders has the right to acquire within 60 days.

    (2)        Assumes that all securities registered will be sold.

    (3)        Relationships between selling security holders and the Company are as follows: Mr. Templeton currently serves on the Company’s Board of Directors.

    (4)        GunnAllen Financial, Inc., Bathgate Financial Partners and Chapin Davis served as placement agents for the Company and are registered broker dealers. The warrants issued to James Halle, who is a registered representative of Chapin Davis, were issued to Mr. Halle as part of the commission owed to Chapin Davis.

    (5)        The natural person(s) who exercise voting and/or dispositive and investing powers are the following individuals: David L. Larsen and Kristen B. Larsen, Trustees have voting and dispositive power over the shares held by The Larsen 2000 Revocable Trust; Marielle DeHaas has voting and dispositive power over the shares held by Medmiles BV; Gerald W. Moreland and Barbara A. Moreland have voting and dispositive power over the shares held by Moreland Crosby Industries, Inc.; Walter Stresemenn has voting and dispositive power over the shares held by Norton Delaware & Co.; Rephael Inbar has voting and dispositve power over the shares held by W3 Ventures, Inc.; Pat Stryker and Joseph C. Zimlich have voting and dispositive power over the shares held by WestMountain Prime LLC; and Richard D. Lovely has voting and dispositive power over the shares held by Lovebyrd, LLC.

    (6)        Kyle Cox, Matthew Keller, James Halle, and Richard J. Petso have all identified themselves as affiliates of Broker/Dealers. These shareholders have represented to the Company that they purchased the Securities on their own behalf in the ordinary course of business, and at the time of the purchase of the Securities, they had no agreements or understandings, directly or indirectly, with any party to distribute the Securities. All other selling shareholders (except as provided in footnote 4) have represented that they are not registered broker-dealers or an affiliate of a registered broker-dealer with the exception of Harlan Arita, Margaret Bathgate, Emmanuel Baud, Eric Billingsley, Mark Davis, Eric Delissy, Anton Gavrailov, Michael Ishida, Rachel P. Kruger, Sterling & Pamela McGregor, Newport Capital Partners Inc., Adam Raynor, Slade Inc., Tisu Investment, and SM Weiler Appointment Trust f/b/o Ellen W. Halle, who, we are unable to confirm their broker/dealer status after reasonable effort to contact them.

    (7)        The 66,235 warrants issued to W3 Ventures and 10,000 warrants issued to Lori Sunshine were issued in consideration for business consulting services.

    (8)        The 55,000 shares held by Lovebyrd, LLC were issued in October 2007 pursuant to an asset purchase agreement between the Company and Lovebyrd, LLC.

Offering No. 1

        The following table sets forth the name of each person who is offering the resale of shares of common stock by this prospectus that were purchased in Offering No. 1. The number of shares of common stock beneficially owned by each person, the number of shares of common stock that may be sold in the offering and the number of shares of common stock each person will own after the offering, assuming they sell all of the shares offered.

14




A

B

C

D

E
 
Name

Outstanding
Shares Owned


Shares
Underlying
Warrants


Total Shares
(Based on
Columns A and B)
Beneficially
Owned Prior to
Offering (1)


Shares Offered
Hereby
(1)


Shares Owned
After Offering
(1) (2)


Anderieck Holdings, LLC(5)       66,667     16,667     83,334     16,667     66,667  

Mark A. Araki       166,667     41,667     208,334     41,667     166,667  

Rodney D. Baber (6)       600,000     100,000     700,000     300,000     400,000  

Angelo Barr (6)       23,333     0     23,333     10,000     13,333  

Richard A. Becher       26,667     6,667     33,334     6,667     26,667  

James Richard Belk       26,667     6,667     33,334     6,667     26,667  

Jay D. Belk (3)       119,333     8,333     127,666     8,333     119,333  

John N. Boyle III &    
Cynthia M. Boyle (6)       40,000     10,000     50,000     10,000     40,000  

Scott Brownholtz       66,667     16,667     83,334     16,667     66,667  

Charles H. Bruce       66,667     16,667     83,334     16,667     66,667  

Lori S. Bruce       53,333     13,333     66,666     13,333     53,333  

Warren G. Buettner       70,000     8,333     78,333     25,000     53,333  

Daniel L. Carnahan       79,000     2,500     81,500     7,500     74,000  

Lawrence Chimerine       50,000     8,333     58,333     25,000     33,333  

Todd J. & Colleen K.    
Chwialkowski       20,000     3,333     23,333     10,000     13,333  

Jove Partners, LP on behalf of       900,000     150,000     1,050,000     450,000     600,000  
Jove Master Fund, Ltd.(5)    

Clayton Cole       50,000     8,333     58,333     25,000     33,333  

Kevin M. Cox       266,667     16,667     283,334     16,667     266,667  

James A. Deleeuw & Julie M.       66,667     16,667     83,334     16,667     66,667  
Deleeuw as Joint Tenants (JTWROS)    

Douglas A. Dennis       73,333     13,333     86,666     13,333     73,333  

J. Doug Dunn       200,000     33,333     233,333     100,000     133,333  

R. Kent Erickson       13,333     3,333     16,666     3,333     13,333  

Richard T. Glass and Anne Marie    
Glass Trustees for the R.T. Glass    
& Associates Defined Benefit    
Pension Plan       66,667     16,667     83,334     16,667     66,667  

Joe M. Goldenstern       10,000     1,667     11,667     5,000     6,667  

Kevin Hall       100,000     16,667     116,667     50,000     66,667  

Lowell Hansen       40,000     6,667     46,667     20,000     26,667  

Donald L. Hartmann (6)       19,333     2,333     21,666     2,333     19,333  

Hallmark Consulting    
Group, Inc. (5)(6)       26,667     6,667     33,334     6,667     26,667  


15




A

B

C

D

E
 
Chris L. Heitman       10,000     1,667     11,667     5,000     6,667  

Jon D. Hellhake       91,666     16,666     108,332     41,666     66,666  

Larry J. Hellhake and    
Diane K. Hellhake       114,000     19,000     133,000     57,000     76,000  

Edward Hitchcock       33,333     8,333     41,666     8,333     33,333  

Revocable Living Trust of Dean    
Edmund Hittle and Ann Elizabeth    
Hittle dated March 31, 1994       66,667     16,667     83,334     16,667     66,667  

Mark A. Hogan       23,333     3,333     26,666     3,333     23,333  

Charles J. Horak III and Ann M.       200,000     50,000     250,000     50,000     200,000  
Branan Horak    

James B. House, JR       50,000     5,000     55,000     5,000     50,000  

Jean E. Hunter Trust dtd 6/8/89       20,000     3,333     23,333     10,000     13,333  

Robert Jacobsen       40,000     6,667     46,667     20,000     26,667  

Philip W. Johnson       20,000     3,333     23,333     10,000     13,333  

Dan Kenneth Johnstone and Sherry       153,333     13,333     166,666     13,333     153,333  
Lynn Johnstone    

E. Carl Krausnick, JR.(6)       33,333     8,333     41,666     8,333     33,333  

George L. Learned       59,333     12,333     71,666     12,333     59,333  

LAM Waiting Game Fund, Ltd.(5)       66,667     16,667     83,334     16,667     66,667  

Tim R. Mathes and Sharon Mathes       76,667     16,667     93,334     26,667     66,667  

Kenneth A. May       600,000     100,000     700,000     300,000     400,000  

Gary McGill (6)       20,000     5,000     25,000     5,000     20,000  

Michael McGill       10,667     2,667     13,334     2,667     10,667  

David Mellman / Philippa Hambidge       26,667     6,667     33,334     6,667     26,667  

David P. Messinger       20,000     3,333     23,333     10,000     13,333  

Todd Michael       20,000     5,000     25,000     5,000     20,000  

David J. Myers and    
Ann A. Myers Joint Tenancy       20,000     3,333     23,333     10,000     13,333  

Gordon Neill       116,667     16,667     133,334     16,667     116,667  

Gordon Neill Profit Sharing    
Plan & Trust (5)       133,333     33,333     166,666     33,333     133,333  

Nanine A. Odell (3)       113,333     3,333     116,666     3,333     113,333  

Joseph M. O'Donnell       200,000     33,333     233,333     100,000     133,333  

Carolyn F. Overgaard (3)       200,000     16,667     216,667     50,000     166,667  

John P. Overgaard       13,333     3,333     16,666     3,333     13,333  

John E. Peppercorn       100,000     16,667     116,667     50,000     66,667  

Frank F. Pitts JR       45,000     7,500     52,500     22,500     30,000  

Wesley A. Pomeroy       50,000     12,500     62,500     12,500     50,000  

Daniel I. Raviv       60,000     10,000     70,000     30,000     40,000  

Nora Kathleen Shannon-Yano       200,000     16,667     216,667     50,000     166,667  


16




A

B

C

D

E
 
Judith A. Shine       33,333     3,333     36,666     3,333     33,333  

Richard S. Simms       50,000     5,000     55,000     5,000     50,000  

Dennis E. Simonich       66,667     16,667     83,334     16,667     66,667  

Eric D. Sipf       200,000     16,667     216,667     50,000     166,667  

Graham R. Smith       600,000     100,000     700,000     300,000     400,000  

Waverly Limited Partnership (5)       600,000     100,000     700,000     300,000     400,000  

Gary Smookler       65,000     0     65,000     15,000     50,000  

Jonathan Brit Stephens       250,000     50,000     300,000     100,000     200,000  

Donald K. Stritzke       720,000     33,333     753,333     100,000     653,333  

Richard J. Thompson       96,667     16,667     113,334     46,667     66,667  

J.L. Wagner       2,500     500     3,000     1,000     2,000  

Janet H. White       16,667     1,667     18,334     1,667     16,667  

William J. White (6)       76,667     6,667     83,334     6,667     76,667  

John F. Wolz dba Euphotics       20,000     3,333     23,333     10,000     13,333  

HC Schmieding Produce CO INC    
Employee Stock Ownership Plan    
and Trust (5)       800,000     133,333     933,333     400,000     533,333  

Schmieding Enterprises, Inc. (5)       400,000     66,667     466,667     200,000     266,667  

The Schmieding Foundation INC (5)       800,000     133,333     933,333     400,000     533,333  

Merlin Bingham       40,000     6,667     46,667     20,000     26,667  

Jeff McGonegal       30,000     5,000     35,000     15,000     20,000  

David Nahmias       40,000     10,000     50,000     10,000     40,000  

David Petso (3) (6)       620,000     16,667     636,667     50,000     586,667  

Eric H. Pettit       20,000     5,000     25,000     5,000     20,000  

Mark X Energy Company (5)       200,000     33,333     233,333     100,000     133,333  

Pusey, Greg       13,333     3,333     16,666     3,333     13,333  

Morgan Keegan & Company Inc.(4)       0     544,300     544,300     544,300     0  

Jay Goldman(4)       0     3,250     3,250     3,250     0  

Jesup & Lamont Securities Corp.(4)       0     5,750     5,750     5,750     0  

Veronica McCarthy(4) (6)       0     1,500     1,500     1,500     0  

        12,075,834     2,370,800     14,446,634     44,969,301     9,477,333  


        (1)     The beneficial ownership of the common stock by the selling stockholder set forth in the table is determined in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rule, beneficial ownership includes any shares as to which the selling stockholders has sole or shared voting power or investment power and also any shares, which the selling stockholders has the right to acquire within 60 days.

        (2)     Assumes that all securities registered will be sold.

17


        (3)     Relationships between selling security holders and the Company are as follows: Jay D. Belk served as a director of Disaboom until August 21, 2007; Nanine Odell is the spouse of Victor Lazarro Jr., a director of the Company; Carolyn Overgaard is the spouse of R. Jerry Overgaard, a director of the Company; David Petso serves as a director of the Company.

        (4)     Morgan Keegan & Company, Inc. and Jesup & Lamont Securities Corporation served as placement agents for the Company and are registered broker dealers. The warrants issued to Jay Goldman and Veronica McCarthy were issued as part of the commission paid to Jesup & Lamont Securities Corporation.

        (5)     The natural person(s) who exercise voting and/or dispositive and investing powers are the following individuals: A.C. Garland has voting and dispositive power over the shares held by Anderick Holdings, LLC; Donald L. Hartmann has voting and dispositive power over the shares held by Hallmark Consulting Group, Inc.; W. Austin Lewis has voting and dispositive power over the shares held by the LAM Waiting Game Fund, Ltd.; Graham R. Smith, Jennifer T. Smith, and George Pappas have voting and dispositive power over the shares held by Waverly Limited Partnership; Charles L. Barney has voting and dispositive power over the shares held by Mark X Energy Company; Robby J. Zink has voting and dispositive power over the shares held by HC Schmieding Produce CO INC Employee Stock Ownership Plan and Trust and The Schmieding Foundation Inc.; Robby J. Zink and Lawrence H. Schmieding have voting and dispositive power over the shares held by Schmieding Enterprises, Inc.; and Joel Citron holds voting and dispositive power over the shares held by Jove Partners, LP on behalf of Jove Master Fund, Ltd.

        (6)     Rodney D. Baber, Angelo Barr, John N. Boyle, Donald L. Hartmann, E. Carl Krausnick, JR., Michael McGill, William J. White, David Petso, and Veronica McCarthy have all identified themselves as affiliates of Broker/Dealers. These shareholders have represented to the Company that they purchased the Securities on their own behalf in the ordinary course of business, and at the time of the purchase of the Securities, they had no agreements or understandings, directly or indirectly, with any party to distribute the Securities. All other selling shareholders (except as provided in footnote 4) have represented that they are not registered broker-dealers or an affiliate of a registered broker-dealer with the exception of George L. Learned, Nanine A. Odell, and Joseph M. O’Donnell who, we are unable to confirm their broker/dealer status after reasonable effort to contact them.

Selling Shareholders Participating in Both Offering No. 1 and Offering No. 2

        The following table sets forth the names of the persons offering shares of common stock by this prospectus who participated in both Offering No. 1 and Offering No. 2. The number of shares of common stock beneficially owned by each person, the number of shares of common stock that may be sold in the offering and the number of shares of common stock each person will own after the offering, assuming they sell all of the shares offered.



A

B

C

D

E
 
Name

Outstanding
Shares Owned


Shares
Underlying
Warrants


Total Shares
(Based on
Columns A and B)
Beneficially
Owned Prior to
Offering (1)


Shares Offered
Hereby
(1)


Shares Owned
After Offering
(1) (2)


Sean Chawla (3)       159,271     79,454     238,725     158,725     80,000  

Harold G. Goble (4)       36,260     9,279     45,539     22,206     23,333  

Rephael Inbar (5)       176,303     46,394     222,697     106,030     116,667  

Deborah Ku (6)       167,563     65,673     233,236     113,236     120,000  

TOTALS       539,397     200,800     740,197     400,197     340,000  


18


        (1)         The beneficial ownership of the common stock by the selling stockholder set forth in the table is determined in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rule, beneficial ownership includes any shares as to which the selling stockholders has sole or shared voting power or investment power and also any shares, which the selling stockholders has the right to acquire within 60 days.

        (2)         Assumes that all securities registered will be sold.

        (3)         Consists of 80,000 shares and 20,000 shares underlying non-redeemable warrants purchased in Offering No. 1 as well as 79,271 shares with 59,454 warrants purchased in Offering No. 2.

        (4)         Consists of 13,333 shares plus 5,000 shares acquired upon the exercise of warrants purchased in Offering No. 1, as well as 3,333 shares underlying non-redeemable warrants purchased in that offering. Also includes 7,927 shares and 5,946 shares underlying warrants purchased in Offering No. 2. Outstanding shares owned also includes 10,000 shares not purchased in either Offering No. 1 or Offering No. 2, which are not being offered for resale pursuant to this prospectus.

        (5)         Consists of 66,667 shares plus 20,000 shares acquired the exercise of warrants purchased in Offering No. 1, as well as 16,667 shares underlying non-redeemable warrants purchased in that offering. Also includes 39,636 shares plus 29,727 shares underlying warrants purchased in Offering No. 2. Outstanding shares owned also includes 50,000 shares that were not purchased in Offering No. 1 or Offering No. 2, which are not being offered for resale pursuant to this prospectus.

        (6)         Consists of 120,000 shares and 30,000 shares underlying non-redeemable warrants purchased in Offering No. 1 and 47,563 shares and 35,673 shares underlying warrants purchased in Offering No. 2.

BROKERAGE PARTNERS