EX-99 3 ex99-1.txt EX. 99.1 - RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER: OTHER (SPECIFY BELOW) Exhibit 99.1 Explanation of Responses Relationship of Reporting Person(s) to Issuer: Other (specify below) Item 1. Income Opportunity Fund I LLC The reporting persons are members of a Section 13(d) group that owned, prior to the transactions reported by this Form 4 and the Form 4's filed by other members of such group on the date hereof, more than 10% of the issuer's outstanding common stock, par value $.01 per share ("Common Stock"). The reporting persons are no longer subject to Section 16 reporting because they are no longer members of a Section 13(d) group that owns more than 10% of the Common Stock. The reporting persons disclaim beneficial ownership in the securities of the issuer except to the extent of their pecuniary interest, if any, therein. Item 2. Millennium Development Partners V LLC Millennium Development Partners V LLC ("MDP V") has an indirect beneficial interest in the securities owned by Income Opportunity Fund I LLC ("IOF") in its capacity as managing member of IOF. IOF disclaims beneficial ownership in the securities of the issuer except to the extent of its pecuniary interest, if any, therein. Millennium Development Partners V LLC By: /s/ Steven L. Hoffman May 9, 2003 ---------------------------------- ----------- Steven L. Hoffman Date: Vice President Item 3. Christopher M. Jeffries Christopher M. Jeffries has an indirect beneficial interest in the securities owned by IOF in his capacity as the controlling member of MDP V. Mr. Jeffries disclaims beneficial ownership in the securities of the issuer except to the extent of his pecuniary interest, if any, therein. By: /s/ Christopher M. Jeffries May 9, 2003 ---------------------------------- ----------- Christopher M. Jeffries Date: