-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N0wCszaIxIACdNtGXKCcRO1XL0fTwqR9sXhJn4WOko3PTDMIfMIZlXGgasu2AUcB q42Yr/C1r+K8zOTRzGBzeg== 0001005477-97-000338.txt : 19970222 0001005477-97-000338.hdr.sgml : 19970222 ACCESSION NUMBER: 0001005477-97-000338 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970213 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL SPORTS WAGERING INC CENTRAL INDEX KEY: 0001025995 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 223375134 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49761 FILM NUMBER: 97531105 BUSINESS ADDRESS: STREET 1: 201 LOWER NOTCH ROAD STREET 2: SUITE 2 B CITY: LITTLE FALLS STATE: NJ ZIP: 07424 BUSINESS PHONE: 2012568181 MAIL ADDRESS: STREET 1: 201 LOWER NOTCH ROAD STREET 2: SUITE 2B CITY: LITTLE FALLS STATE: NJ ZIP: 07424 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SENECA VENTURES CENTRAL INDEX KEY: 0001014876 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 68 WHEATLEY RD CITY: BROOKVILLE STATE: NY ZIP: 11545 BUSINESS PHONE: 2127358600 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES & EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* International Sports Wagering, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 460342108 -------------- (CUSIP Number) *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 the disclosures provided in a prior cover page. The information required in 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 19 CUSIP No. 460342108 13G Page 2 of 19 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Woodland Partners - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 224,516 shares 3.0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 771,290 shares 10.3% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 224,516 shares 3.0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 771,290 shares 10.3% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 995,806 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 460342108 13G Page 3 of 19 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Seneca Ventures - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 284,516 shares 3.8% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 711,290 shares 9.5% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 284,516 shares 3.8% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 711,290 shares 9.5% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 995,806 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 460342108 13G Page 4 of 19 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Woodland Venture Fund - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 284,516 shares 3.8% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 711,290 shares 9.5% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 284,516 shares 3.8% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 711,290 shares 9.5% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 995,806 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 460342108 13G Page 5 of 19 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Barry Rubenstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares 0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 995,806 shares 13.2% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 0 shares 0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 995,806 shares 13.2% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 995,806 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 460342108 13G Page 6 of 19 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Marilyn Rubenstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 142,258 shares 1.9% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 853,548 shares 11.3% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 142,258 shares 1.9% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 853,548 shares 11.3% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 995,806 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 460342108 13G Page 7 of 19 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Marilyn and Barry Rubenstein Family Foundation - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 60,000 shares 0.8% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 935,806 shares 12.4% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 60,000 shares 0.8% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 935,806 shares 13.2% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 995,806 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 460342108 13G Page 8 of 19 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Woodland Services Corp. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares 0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 995,806 shares 13.2% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 0 shares 0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 995,806 shares 13.2% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 995,806 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 460342108 13G Page 9 of 19 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Brian Rubenstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares 0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 60,000 shares 0.8% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 0 shares 0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 60,000 shares 0.8% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,000 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Item 1. (a) Name of Issuer: International Sports Wagering, Inc. (b) Address of Issuer's Principal Executive Offices: 201 Lower Notch Road, Suite B Little Falls, New Jersey 07424 Item 2. 1. (a) Name of Person Filing: Woodland Partners, a general partnership organized under the laws of the State of New York. (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. The general partner of Woodland Partners are Barry Rubenstein and Marilyn Rubenstein (husband and wife). 2. (a) Name of Person Filing: Seneca Ventures, a limited partnership organized under the laws of the State of New York ("Seneca"). (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. Page 10 of 19 The general partner of Seneca are Barry Rubenstein and Woodland Services Corp. The limited partners of Seneca include Marilyn Rubenstein and certain other investors. 3. (a) Name of Person Filing: Woodland Venture Fund, a limited partnership organized under the laws of the State of New York (the "Fund"). (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. The general partner of the Fund are Barry Rubenstein and Woodland Services Corp. The limited partners of the Fund include certain other investors. 4. (a) Name of Person Filing: Barry Rubenstein, a general partner of Woodland Partners, Seneca and the Fund, the sole shareholder, an officer and sole director of Woodland Services Corp., and a Trustee of The Marilyn and Barry Rubenstein Family Foundation. (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. 5. (a) Name of Person Filing: Marilyn Rubenstein, a general partner of Woodland Partners and a Trustee of The Marilyn and Barry Rubenstein Family Foundation. (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: United States. Page 11 of 19 (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. 6. (a) Name of Person Filing: The Marilyn and Barry Rubenstein Family Foundation, an organization which is exempt from Federal Income Taxation pursuant to Section 501(a) of the Internal Revenue Code of 1986, as amended (the "Foundation"). (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. Barry Rubenstein, Marilyn Rubenstein and Brian Rubenstein are the Trustees of the Foundation. 7. (a) Name of Person Filing: Woodland Services Corp, a corporation organized under the laws of the State of New York ("Services"). (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. Barry Rubenstein is the President and sole director of Services, and Marilyn Rubenstein, his wife, is the Secretary and Treasurer of Services. Barry Rubenstein owns all of Service's outstanding shares of common stock, no par value. 8. (a) Name of Person Filing: Brian Rubenstein, a Trustee of the Foundation. Page 12 of 19 (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: Not Applicable. (a) |_| Broker or Dealer registered under Section 15 of the Act (b) |_| Bank as defined in section 3(a)(6) of the Act (c) |_| Insurance Company as defined in section 3(a)(19) of the Act (d) |_| Investment Company registered under section 8 of the Investment Company Act (e) |_| Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) |_| Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see ss. 240.13d-1(b)(1)(ii)(F) (g) |_| Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G) (Note: See Item 7) (h) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(H) Page 13 of 19 Item 4. Ownership. 1. Woodland Partners: (a) Amount Beneficially Owned: 995,806 shares. (b) Percent of Class: 13.2% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 224,516 shares. (ii) shared power to vote or direct the vote: 771,290 shares.(1) (iii) sole power to dispose or direct the disposition of: 224,516 shares. (iv) shared power to dispose or direct the disposition of: 771,290 shares.(1) 2. Seneca Ventures: (a) Amount Beneficially Owned: 995,806 shares. (b) Percent of Class: 13.2% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 284,516 shares. (ii) shared power to vote or direct the vote: 711,290 shares.(1) (iii) sole power to dispose or direct the disposition of: 284,516 shares. (iv) shared power to dispose or direct the disposition of: 711,290 shares.(1) 3. Woodland Venture Fund (a) Amount Beneficially Owned: 995,806 shares. (b) Percent of Class: 13.2% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 284,516 shares. (ii) shared power to vote or direct the vote: 711,290 shares.(1) (iii) sole power to dispose or direct the disposition of: 284,516 shares. (iv) shared power to dispose or direct the disposition of: 711,290 shares.(1) 4. Barry Rubenstein: (a) Amount Beneficially Owned: 995,806 shares. (b) Percent of Class: 13.2% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 shares. (ii) shared power to vote or direct the vote: 995,806 shares.(1) (iii) sole power to dispose or direct the disposition of: 0 shares. (iv) shared power to dispose or direct the disposition of: 995,806 shares.(1) 5. Marilyn Rubenstein: (a) Amount Beneficially Owned: 995,806 shares. (b) Percent of Class: 13.2% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 142,258 shares. (ii) shared power to vote or direct the vote: 853,548 shares.(1) - -------- (1)The reporting person disclaims beneficial ownership of these securities except to the extent of his/her/its equity interest therein. Page 14 of 19 (iii) sole power to dispose or direct the disposition of: 142,258 shares. (iv) shared power to dispose or direct the disposition of: 853,548 shares.(1) 6. The Marilyn and Barry Rubenstein Family Foundation: (a) Amount Beneficially Owned: 995,806 shares. (b) Percent of Class: 13.2% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 60,000 shares. (ii) shared power to vote or direct the vote: 935,806 shares.(1) (iii) sole power to dispose or direct the disposition of: 60,000 shares. (iv) shared power to dispose or direct the disposition of: 935,806 shares.(1) 7. Woodland Services Corp.: (a) Amount Beneficially Owned: 995,806 shares. (b) Percent of Class: 13.2% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 shares. (ii) shared power to vote or direct the vote: 995,806 shares.(1) (iii) sole power to dispose or direct the disposition of: 0 shares. (iv) shared power to dispose or direct the disposition of: 995,806 shares.(1) 8. Brian Rubenstein: (a) Amount Beneficially Owned: 60,000 shares. (b) Percent of Class: 0.8% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 shares. (ii) shared power to vote or direct the vote: 60,000 shares.(1) (iii) sole power to dispose or direct the disposition of: 0 shares. (iv) shared power to dispose or direct the disposition of: 60,000 shares.(1) 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 Holding Company Not Applicable. Item 8. Identification and Classification of Members of the Group Page 15 of 19 Not Applicable. s Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification Not Applicable. Page 16 of 19 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 statement is true, complete and correct. Date: February 3, 1997 S/Barry Rubenstein ---------------------------------------------------- Barry Rubenstein, Individually, as General Partner on behalf of Woodland Partners, Seneca Ventures, and Woodland Venture Fund, as President of Woodland Services Corp. and as a Trustee of The Marilyn and Barry Rubenstein Family Foundation S/Marilyn Rubenstein ---------------------------------------------------- Marilyn Rubenstein * ---------------------------------------------------- Brian Rubenstein *By: S/Barry Rubenstein ------------------------------ Barry Rubenstein Attorney-in-Fact Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) Page 17 of 19 Exhibit A JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act, as amended, the undersigned hereby agree to the joint filing on behalf of each of them on a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, $0.001 par value per share, of International Sports Wagering, Inc. and that this Agreement be included as an Exhibit to such joint filing. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 3rd day of February, 1997. WOODLAND PARTNERS S/Barry Rubenstein ---------------------------------------- Barry Rubenstein, A General Partner SENECA VENTURES S/Barry Rubenstein ---------------------------------------- Barry Rubenstein, A General Partner WOODLAND VENTURE FUND S/Barry Rubenstein ---------------------------------------- Barry Rubenstein, A General Partner Page 18 of 19 WOODLAND SERVICES CORP. S/Barry Rubenstein ---------------------------------------- Barry Rubenstein, President S/Barry Rubenstein ---------------------------------------- Barry Rubenstein S/Marilyn Rubenstein ---------------------------------------- Marilyn Rubenstein THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: S/Barry Rubenstein ------------------------------------- Barry Rubenstein, a Trustee * ---------------------------------------- Brian Rubenstein * By: S/Barry Rubenstein ------------------------------ Barry Rubenstein Attorney-in-Fact Page 19 of 19 -----END PRIVACY-ENHANCED MESSAGE-----