-----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, CFdu/lxSj7Wse7Wwp1JFXIKmUdUmF7aK0Q3ei6v2H/FNremkh5cfEiEkWQfaWcKL d1LB2PEqAuwXowI1yQlZBw== 0000950123-01-504392.txt : 20010718 0000950123-01-504392.hdr.sgml : 20010718 ACCESSION NUMBER: 0000950123-01-504392 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010717 GROUP MEMBERS: ALTSCHUL INVESTMENT GROUP GROUP MEMBERS: ARTHUR G. ALTSCHUL, JR. GROUP MEMBERS: DELTA OPPORTUNITY FUND (INSTIT GROUP MEMBERS: DELTA OPPORTUNITY FUND, LTD GROUP MEMBERS: DIAZ & ALTSCHUL ADVISORS LLC GROUP MEMBERS: DIAZ & ALTSCHUL MANAGEMENT LL GROUP MEMBERS: OVERBROOK FUND I, LLC GROUP MEMBERS: PUSCH BRIAN W /FA GROUP MEMBERS: SIRI VON REIS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BEI MEDICAL SYSTEMS CO INC /DE/ CENTRAL INDEX KEY: 0000851478 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 710455756 STATE OF INCORPORATION: DE FISCAL YEAR END: 0927 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-40714 FILM NUMBER: 1682910 BUSINESS ADDRESS: STREET 1: 100 HOLLISTER ROAD STREET 2: STE 2500 CITY: TETERBOR STATE: NJ ZIP: 07608 BUSINESS PHONE: 2017274900 MAIL ADDRESS: STREET 1: 100 HOLLISTER ROAD CITY: TETERBOR STATE: NJ ZIP: 07608 FORMER COMPANY: FORMER CONFORMED NAME: BEI ELECTRONICS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PUSCH BRIAN W /FA CENTRAL INDEX KEY: 0001004271 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PENTHOUSE SUITE STREET 2: 29 WEST 57TH ST CITY: NEW YORK STATE: NY ZIP: 10019 MAIL ADDRESS: STREET 1: PENTHOUSE SUITE STREET 2: 29 WEST 57TH ST CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G/A 1 y51536a1sc13ga.txt AMENDMENT NO. 1 TO SCHEDULE 13G 1 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 1 OF 16 PAGES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO.1)* BEI Medical Systems Company, Inc. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securities) 05538E109 (CUSIP Number) June 14, 2001 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) *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 disclosures provided in a prior cover page. The information required on 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). 2 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 2 OF 16 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Arthur G. Altschul, Jr. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ] (B)[ ] (See Item 6) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ---------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 461,702 shares of Common Stock (See Item 4(a)) WITH: ---------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- ---------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 461,702 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 461,702 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.70% (See Item 4(a)) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- 3 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 3 OF 16 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Altschul Investment Group 13-3453641 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ] (B)[ ] (See Item 6) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ---------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 50,000 shares of Common Stock (See Item 4(a)) WITH: ---------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- ---------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 50,000 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50,000 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.65% (See Item 4(a)) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- 4 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 4 OF 16 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Overbrook Fund I, LLC 13-3954333 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ] (B)[ ] (See Item 6) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ---------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 133,334 shares of Common Stock (See Item 4(a)) WITH: ---------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- ---------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 133,334 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 133,334 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.7% (See Item 4(a)) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- 5 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 5 OF 16 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Siri von Reis - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ] (B)[ ] (See Item 6) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ---------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 11,700 shares of Common Stock (See Item 4(a)) WITH: ----------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- ---------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 11,700 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,700 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) less than 1.0% (See Item 4(a)) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- 6 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 6 OF 16 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Delta Opportunity Fund, Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ] (B)[ ] (See Item 6) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ---------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 160,000 shares of Common Stock (See Item 4(a)) WITH: ---------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- ---------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 160,000 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 160,000 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.03% (See Item 4(a)) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- 7 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 7 OF 16 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Delta Opportunity Fund (Institutional), LLC 13-4040413 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ] (B)[ ] (See Item 6) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ---------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 106,668 shares of Common Stock (See Item 4(a)) WITH: ---------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- ---------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 106,668 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 106,668 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.37% (See Item 4(a)) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- 8 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 8 OF 16 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Diaz & Altschul Advisors, LLC 13-3940170 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ] (B)[ ] (See Item 6) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ---------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 266,668 shares of Common Stock (See Item 4(a)) WITH: ---------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- ---------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 266,668 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 266,668 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.35% (See Item 4(a)) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- 9 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 9 OF 16 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Diaz & Altschul Management, LLC 06-1502204 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ] (B)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ---------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 106,668 shares of Common Stock (See Item 4(a)) WITH: ---------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- ---------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 106,668 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 106,668 shares of Common Stock (See Item 4(a)) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.37% (See Item 4(a)) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- 10 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 10 OF 16 PAGES Item 1(a). Name of Issuer: BEI Medical Systems Company, Inc. (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: 100 Hollister Road Teterboro, New Jersey 07608 Item 2(a). Names of Persons Filing: Arthur G. Altschul, Jr. ("Altschul") Altschul Investment Group ("AIG") Overbrook Fund I, LLC ("Overbrook") Siri von Reis ("von Reis") Delta Opportunity Fund, Ltd. ("Delta") Delta Opportunity Fund (Institutional), LLC ("Institutional") Diaz & Altschul Advisors, LLC ("Advisors") Diaz & Altschul Management, LLC ("Management") Item 2(b). Address of Principal Business Office: Altschul - 950 Third Avenue, 16th Floor, New York, New York 10022 AIG - 122 East 42nd Street, Suite 2500, New York, New York 10168-2500 Overbrook - 122 East 42nd Street, Suite 2500, New York, New York 10168-2500 von Reis - 122 East 42nd Street, Suite 2500, New York, New York 10168-2500 Delta - c/o International Fund Administration, Ltd., 48 Par La Ville Road, Suite 464, Hamilton, HM11, Bermuda Institutional - 950 Third Avenue, 16th Floor, New York, New York 10022 Advisors - 950 Third Avenue, 16th Floor, New York, New York 10022 Management - 950 Third Avenue, 16th Floor, New York, New York 10022 Item 2(c). Place of Organization or Citizenship: Altschul - United States of America AIG - New York Overbrook - New York von Reis - United States of America Delta - British Virgin Islands Institutional - Delaware Advisors - New York Management - Delaware Item 2(d). Title of Class of Securities: Common Stock, $0.001 par value per share of the Company (the "Common Stock") Item 2(e). CUSIP Number: 05538E109 11 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 11 OF 16 PAGES Item 3. This Amendment No. 1 is filed pursuant to Rule 13d-1(c) by Altschul, AIG, Overbrook, von Reis, Delta, Institutional, Advisors and Management. Item 4. Ownership: (a) Amount Beneficially Owned: 461,702 shares of Common Stock* (b) Percent of Class: 5.70% (based on 7,704,774 shares of Common Stock outstanding as of May 1, 2001 as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2001). (c) Number of Shares as to which the Person has: (i) sole power to vote or to direct the vote -0- (ii) shared power to vote or to direct the vote: 461,702 shares of Common Stock* (iii) sole power to dispose or to direct the disposition of -0- (iv) shared power to dispose or to direct the disposition of 461,702 shares of Common Stock* *Altschul serves as general partner of AIG and as managing member of Overbrook and has a power of attorney granted by von Reis. By reason of such relationships and power, Altschul may be deemed to share voting and dispositive power over the shares of Common Stock listed as beneficially owned by AIG, Overbrook and von Reis. Altschul is a member of the parent company of Advisors and is a member of Management. By reason of such relationships, Altschul may be deemed to share voting and dispositive power over the shares of Common Stock listed as beneficially owned by Advisors and Management. Altschul disclaims beneficial ownership of such shares of Common Stock listed as beneficially owned by AIG, Overbrook, von Reis, Advisors and Management. Advisors serves as investment advisor to Delta and Institutional. By reason of such relationships, Advisors may be deemed to share voting and dispositive power over the shares of Common Stock owned by Delta and Institutional. Advisors disclaims beneficial ownership of such shares of Common Stock. 12 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 12 OF 16 PAGES Management serves as investment manager to and managing member of Institutional. By reason of such relationships, Management may be deemed to share voting and dispositive power over the shares of Common Stock listed as beneficially owned by Institutional. Management disclaims beneficial ownership of such shares of Common Stock. The shares of Common Stock reported as beneficially owned are held by AIG, Overbrook, von Reis, Delta and Institutional. Altschul, Advisors and Management hereby expressly disclaim beneficial ownership of such shares of Common Stock. AIG, Overbrook, von Reis, Delta, and Institutional each disclaims beneficial ownership of shares of Common Stock reported on this Amendment No. 1 as beneficially owned by any other person identified on this Amendment No. 1. The shares of Common Stock reported as beneficially owned by Overbrook, Delta and Institutional are shares of Common Stock which each such person has the right to acquire upon conversion of shares of the Series A Convertible Preferred Stock of the Issuer. 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: Not applicable Item 9. Notice of Dissolution of Group: Not applicable Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 13 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 13 OF 16 PAGES Exhibits: Exhibit II: Joint Filing Agreement, dated as of July 10, 2001, by and among Altschul, AIG, Overbrook, von Reis, Delta, Institutional, Advisors and Management. Exhibit II JOINT FILING AGREEMENT This will confirm the agreement by and among the undersigned that the amendment to Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the Common Stock, $0.001 par value, of BEI Medical Systems Company, Inc., a Delaware corporation, is being filed, and all amendments thereto will be filed, on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated as of July 10, 2001 /s/ Arthur G. Altschul, Jr. ------------------------------- Arthur G. Altschul, Jr. ALTSCHUL INVESTMENT GROUP By: /s/ Arthur G. Altschul, Jr. ------------------------------- Arthur G. Altschul, Jr. Title: General Partner OVERBROOK FUND I, LLC By: /s/ Arthur G. Altschul, Jr. ------------------------------- Arthur G. Altschul, Jr. Title: Managing Member /s/ Siri von Reis ------------------------------- Siri von Reis 14 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 14 OF 16 PAGES DELTA OPPORTUNITY FUND, LTD. By: DIAZ & ALTSCHUL ADVISORS, LLC As investment advisor By: /s/ Christopher S. Mooney ---------------------------- Christopher S. Mooney Title: Chief Financial Officer DELTA OPPORTUNITY FUND (INSTITUTIONAL), LLC By: DIAZ & ALTSCHUL MANAGEMENT, LLC By: /s/ Christopher S. Mooney ---------------------------- Christopher S. Mooney Title: Chief Financial Officer DIAZ & ALTSCHUL ADVISORS, LLC By: /s/ Christopher S. Mooney --------------------------------- Christopher S. Mooney Title: Chief Financial Officer DIAZ & ALTSCHUL MANAGEMENT, LLC By: /s/ Christopher S. Mooney --------------------------------- Christopher S. Mooney Title: Chief Financial Officer SIGNATURE By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. /s/ Arthur G. Altschul, Jr. --------------------------------- Arthur G. Altschul, Jr. 15 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 15 OF 16 PAGES ALTSCHUL INVESTMENT GROUP By: /s/ Arthur G. Altschul, Jr. ---------------------------- Arthur G. Altschul, Jr. Title: General Partner OVERBROOK FUND I, LLC By: /s/ Arthur G. Altschul, Jr. --------------------------------- Arthur G. Altschul, Jr. Title: Managing Member /s/ Siri von Reis ---------------------------------- Siri von Reis DELTA OPPORTUNITY FUND, LTD. By: DIAZ & ALTSCHUL ADVISORS, LLC As investment advisor By: /s/ Christopher S. Mooney ---------------------------- Christopher S. Mooney Title: Chief Financial Officer DELTA OPPORTUNITY FUND (INSTITUTIONAL), LLC By: DIAZ & ALTSCHUL MANAGEMENT, LLC By: /s/ Christopher S. Mooney ---------------------------- Christopher S. Mooney Title: Chief Financial Officer DIAZ & ALSCHUL ADVISORS, LLC By: /s/ Christopher S. Mooney ---------------------------- Christopher S. Mooney Title: Chief Financial Officer 16 SCHEDULE 13G CUSIP NO. 05538E109 PAGE 16 OF 16 PAGES DIAZ & ALTSCHUL MANAGEMENT, LLC By: /s/ Christopher S. Mooney ---------------------------- Christopher S. Mooney Title: Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----