-----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, RKmbGU7+YTkj5Gk8GLB73/YxX5IDudRX1BW7IbsQ7XbgHDMjPPRKrpNIeC/jV3ex QJhwSe5sDcIdapcDGesWxA== 0000950146-98-000225.txt : 19980218 0000950146-98-000225.hdr.sgml : 19980218 ACCESSION NUMBER: 0000950146-98-000225 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19980217 SROS: NONE GROUP MEMBERS: 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P. GROUP MEMBERS: 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. GROUP MEMBERS: 21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P. GROUP MEMBERS: ANDREW SANDLER GROUP MEMBERS: APPLEWOOD ASSOCIATES, L.P. GROUP MEMBERS: APPLEWOOD CAPITAL CORP. GROUP MEMBERS: BARRY FINGERHUT GROUP MEMBERS: BARRY LEWIS GROUP MEMBERS: BARRY RUBENSTEIN GROUP MEMBERS: BRIAN RUBENSTEIN GROUP MEMBERS: HARVEY SANDLER GROUP MEMBERS: IRWIN LIEBER GROUP MEMBERS: JOHN KORNREICH GROUP MEMBERS: JONATHAN LIEBER GROUP MEMBERS: MARILYN RUBENSTEIN GROUP MEMBERS: MICHAEL J. MAROCCO GROUP MEMBERS: REBECCA RUBENSTEIN GROUP MEMBERS: SENECA VENTURES GROUP MEMBERS: SETH LIEBER GROUP MEMBERS: THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION GROUP MEMBERS: WOODLAND PARTNERS GROUP MEMBERS: WOODLAND SERVICES CORP. GROUP MEMBERS: WOODLAND VENTURE FUND SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENTERACTIVE INC /DE/ CENTRAL INDEX KEY: 0000929648 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 223272662 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-46535 FILM NUMBER: 98542449 BUSINESS ADDRESS: STREET 1: 110 W 40TH ST STE 2100 CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2023331063 MAIL ADDRESS: STREET 1: 110 W 40TH ST STE 210 CITY: NEW YORK STATE: NY ZIP: 10018 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 13D BUSINESS ADDRESS: STREET 1: 68 WHEATLEY RD CITY: BROOKVILLE STATE: NY ZIP: 11545 BUSINESS PHONE: 2127358600 SC 13D 1 SCHEDULE 13-D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 S C H E D U L E 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)* ENTERACTIVE, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE - -------------------------------------------------------------------------------- (Title of Class of Securities) 293636106 ---------------------- (CUSIP Number) Copy to: Seneca Ventures Stephen A. Cohen, Esq. 68 Wheatley Road Morrison Cohen Singer & Weinstein, LLP Brookville, New York 11545 750 Lexington Avenue Telephone (516) 626-3070 New York, New York 10022 Telephone (212) 735-8600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) February 6, 1998 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following space __. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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). (Continued on following page(s)) CUSIP No. 293636106 13D ================================================================================ 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 (See Instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 323,000 shares 2.0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 7,285,886 shares 43.7% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 323,000 shares 3.4% With -------------------------------------------------------------- 10 Shared Dispositive Power 2,634,686 shares 26.8% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 2,957,686 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 29.6% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 2 of 45 CUSIP No. 293636106 13D ================================================================================ 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 (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power 459,215 shares 2.8% Number of -------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 932,987 shares 5.7% Owned By -------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 214,415 shares 2.3% Person -------------------------------------------------------------- With 10 Shared Dispositive Power 606,587 shares 6.3% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 821,002 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.6% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN ================================================================================ 3 of 45 CUSIP No. 293636106 13D ================================================================================ 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 (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 306,836 shares 1.9% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,085,366 shares 6.6% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 143,636 shares 1.5% With -------------------------------------------------------------- 10 Shared Dispositive Power 677,366 shares 7.1% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 821,002 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.6% - -------------------------------------------------------------------------------- 14 Type of Reporting Person(See Instructions) PN ================================================================================ 4 of 45 CUSIP No. 293636106 13D ================================================================================ 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 (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) |_| - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,392,202 shares 8.5% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 821,002 shares 8.6% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 821,002 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.6% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) CO ================================================================================ 5 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person 21st Century Communications Partners, L.P. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 2,084,289 shares 12.8% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 988,662 shares 6.1% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 701,169 shares 7.4% With -------------------------------------------------------------- 10 Shared Dispositive Power 331,782 shares 3.5% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,032,951 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 11.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN ================================================================================ 6 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person 21st Century Communications T-E Partners, L.P. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 713,004 shares 4.4% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 2,359,947 shares 14.5% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 242,172 shares 2.6% With -------------------------------------------------------------- 10 Shared Dispositive Power 790,779 shares 8.4% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,032,951 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 11.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person(See Instructions) PN ================================================================================ 7 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person 21st Century Communications Foreign Partners, L.P. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 275,658 shares 1.7% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 2,797,293 shares 17.2% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 89,610 shares 1.0% With -------------------------------------------------------------- 10 Shared Dispositive Power 943,341 shares 10.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,032,951 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 11.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person(See Instructions) PN ================================================================================ 8 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Michael J. Marocco - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 3,072,951 shares 18.9% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,032,951 shares 11.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,032,951 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 11.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 9 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Barry Lewis - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 0 shares 0% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 0 shares 0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 0 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 10 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person John Kornreich - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 3,072,951 shares 18.9% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,032,951 shares 11.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,032,951 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 11.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person(See Instructions) IN ================================================================================ 11 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Harvey Sandler - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 3,072,951 shares 18.9% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,032,951 shares 11.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,032,951 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 11.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person(See Instructions) IN ================================================================================ 12 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Andrew Sandler - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 3,072,951 shares 18.9% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,032,951 shares 11.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,032,951 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 11.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 13 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Barry Fingerhut - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 1,000 shares 0.01% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 5,816,684 shares 35.7% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 1,000 shares 0.01% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,736,684 shares 18.4% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,737,684 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 18.5% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 14 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Irwin Lieber - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 23,000 shares 0.1% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 5,816,684 shares 35.7% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 23,000 shares 0.2% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,736,684 shares 18.4% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,759,684 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 18.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 15 of 45 CUSIP No. 293636106 13D ================================================================================ 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 (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 198,914 shares 1.2% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,193,288 shares 7.3% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 35,714 shares 0.4% With -------------------------------------------------------------- 10 Shared Dispositive Power 785,288 shares 8.2% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 821,002 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.6% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN ================================================================================ 16 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Applewood Associates, L.P. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 2,743,733 shares 16.9% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 0 shares 0% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 703,733 shares 7.5% With -------------------------------------------------------------- 10 Shared Dispositive Power 0 shares 0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 703,733 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7.5% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN ================================================================================ 17 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Applewood Capital Corp. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 2,743,733 shares 16.9% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 703,733 shares 7.5% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 703,733 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7.5% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) CO ================================================================================ 18 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Seth Lieber - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 2,743,733 shares 16.9% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 703,733 shares 7.5% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 703,733 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7.5% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 19 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Jonathan Lieber - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 2,743,733 shares 16.9% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 703,733 shares 7.5% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 703,733 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7.5% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 20 of 45 CUSIP No. 293636106 13D ================================================================================ 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 (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,392,202 shares 8.5% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 821,002 shares 8.6% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 821,002 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.6% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 21 of 45 CUSIP No. 293636106 13D ================================================================================ 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 (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 104,237 shares 0.6% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,287,965 shares 7.8% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 104,237 shares 1.1% With -------------------------------------------------------------- 10 Shared Dispositive Power 716,765 shares 7.5% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 821,002 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.6% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) OO ================================================================================ 22 of 45 CUSIP No. 293636106 13D ================================================================================ 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 (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 104,237 shares 0.6% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 104,237 shares 1.1% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 104,237 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 1.1% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 23 of 45 CUSIP No. 293636106 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Rebecca Rubenstein - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 104,237 shares 0.6% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 104,237 shares 1.1% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 104,237 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_| (See Instructions) - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 1.1% - -------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ================================================================================ 24 of 45 This statement, dated February 6, 1998, constitutes Amendment No. 5 to the Schedule 13D, dated September 11, 1995, regarding the reporting persons ownership of certain securities of Enteractive, Inc. (the "Issuer"). The Schedule 13D is hereinafter referred to as the "Schedule." All capitalized terms used herein and otherwise undefined shall have the meanings ascribed in the Schedule. This Amendment No. 5 to the Schedule is filed in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended, by the reporting persons. It shall refer only to information which has materially changed since the filing of the Schedule. ITEM 1. Security and Issuer The Issuer offered to exchange (the "Exchange Offer") 2.8 of its privately held Common Stock Purchase Warrants (the "1996 Warrants") expiring December 13, 2001 into one share of its Common Stock, $.01 par value. The Exchange Offer, as amended, was conditioned upon the Issuer's (i) right to terminate and cancel the Exchange Offer if the Issuer did not receive a valid tender for exchange of at least 90% of the outstanding 1996 Warrants pursuant to the Exchange Offer, and (ii) the Issuer obtaining the written consent of 90% of the holders of its Class A Convertible Preferred Stock with respect to a proposal which would (a) delay the date in which the Preferred Stock would first be convertible into Common Stock from May 1, 1998 to July 1, 1999, and (b) modify certain redemption features of the Preferred Stock. In addition, all holders of the Preferred Stock that approved the above referenced proposal would receive a special monthly interest payment equal to 12% per annum (or 1% per month) of the stated value of the Preferred Stock ($1,250) for the period commencing April 30, 1998, and ending on the earlier of (i) June 30, 1999, or (ii) the redemption date of the Preferred Stock. For purposes of calculating the number of voting rights for the Preferred Stock, the Stated Value of the Preferred Stock was divided by $1.225, or 50% of the average closing sale price for the Common Stock for the last ten trading days in the fiscal quarter prior to December 1, 1997. ITEM 2. Identity and Background 20. (a) 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: 68 Wheatley Road Brookville, New York 11545 (c) Principal Business: Charitable Foundation 25 of 45 (d) No. (e) No. Barry Rubenstein, Marilyn Rubenstein, Brian Rubenstein, and effective July 1, 1997, Rebecca Rubenstein, are trustees of the Foundation. 22. (a) Rebecca Rubenstein, one of the trustees of the Foundation. (b) Address: 300 East 75th Street New York, New York 10021 (c) Principal Occupation: Teacher (d) No. (e) No. (f) Citizenship: United States Rebecca Rubenstein is the daughter of Barry and Marilyn Rubenstein, and the sister of Brian Rubenstein. 23. (a) Michael J. Marocco, is the sole shareholder of MJDM Corp. (Effective January 1, 1997, MJM Media Corp. transferred and assigned its interest in SCM to MJDM Corp., a New York corporation). (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Business: General Partner of partnerships and limited partnerships engaged in the investment business. (d) No. (e) No. (f) Citizenship: United States. MJDM Corp. is a general partner of SCM. 26 of 45 24. (a) Barry Lewis, is the majority shareholder of EMEBE Corp. (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Business: General Partner of partnerships and limited partnerships engaged in the investment business. (d) No. (e) No. (f) Citizenship: United States. EMEBE Corp. was a general partner of SCM through June 30, 1997. ITEM 5. Interests in Securities of the Issuer. (a) The following list sets forth the aggregate number and percentage (based on 8,019,555 shares of Common Stock outstanding as reported in the Issuer's Form 10-Q for the quarter ended November 30, 1997 and 1,397,321 shares of Common Stock issued pursuant to the Exchange Offer) of outstanding shares of Common Stock owned beneficially by each reporting person named in Item 2, as of February 6, 1998:
Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(1) Percent of Voting Control Beneficially Owned - --------------------- --------------------- ------------------------- ------------------ Barry Rubenstein 2,957,686(2, 3, 4, 5) 45.1% 29.6% Woodland Venture Fund 821,002(2) 8.5% 8.6%
- -------- (1) Includes shares of Common Stock issuable upon the exercise of the warrants and the Revwood Option. (2) The reporting person disclaims beneficial ownership of these securities, except to the extent of his/her/its equity interest therein. (3) Includes 400,000 shares of Common Stock issuable upon the exercise of the Revwood Warrant. (4) Includes 257,304 shares of Common Stock and 446,429 shares of Common Stock received upon the consummation of the Exchange Offer by Applewood. (5) Includes 586,522 shares of Common Stock and 446,429 shares of Common Stock received upon the consummation of the Exchange Offer by 21st Century, T-E and Foreign. 27 of 45
Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(1) Percent of Voting Control Beneficially Owned - --------------------- --------------------- ------------------------- -------------------- Seneca Ventures 821,002(2) 8.5% 8.6% Woodland Services Corp. 821,002(2) 8.5% 8.6% 21st Century 1,032,951(2, 6) 18.9% 11.0% Communications Partners, L.P. 21st Century 1,032,951(2, 7) 18.9% 11.0% Communications T-E Partners, L.P. 21st Century 1,032,951(2, 8) 18.9% 11.0% Communications Foreign Partners, L.P. Michael Marocco 1,032,951(2, 5) 18.9% 11.0% Barry Lewis 0 0% 0% John Kornreich 1,032,951(2, 5) 18.9% 11.0% Harvey Sandler 1,032,951(2, 5) 18.9% 11.0% Andrew Sandler 1,032,951(2, 5) 18.9% 11.0% Barry Fingerhut 1,737,684(2, 4, 5) 35.7% 18.5% Irwin Lieber 1,759,684(2, 4, 5) 35.8% 18.7%
- -------- (6) Includes 398,490 shares of Common Stock and 302,679 shares of Common Stock received upon the consummation of the Exchange Offer. 21st Century disclaims beneficial ownership of 139,136 shares of Common Stock and 103,036 shares of Common Stock received upon the consummation of the Exchange Offer owned by T-E and 48,896 shares of Common Stock and 40,714 shares of Common Stock received upon the consummation of the Exchange Offer owned by Foreign. (7) Includes 139,136 shares of Common Stock and 103,036 shares of Common Stock received upon the consummation of the Exchange Offer. T-E disclaims beneficial ownership of 398,490 shares of Common Stock and 302,679 shares of Common Stock received upon the consummation of the Exchange Offer owned by 21st Century and 48,896 shares of Common Stock and 40,714 shares of Common Stock received upon the consummation of the Exchange Offer owned by Foreign. (8) Includes 48,896 shares of Common Stock and 40,714 shares of Common Stock received upon the consummation of the Exchange Offer. Foreign disclaims beneficial ownership of 398,490 shares of Common Stock and 302,679 shares of Common Stock received upon the consummation of the Exchange Offer owned by 21st Century and 139,136 shares of Common Stock and 103,036 shares of Common Stock received upon the consummation of the Exchange Offer owned by T-E. 28 of 45
Shares of Percentage of Shares Name Common Stock of Common Stock Beneficially Owned(1) Percent of Voting Control Beneficially Owned --------------------- ------------------------- ------------------ Woodland Partners 821,002(2) 8.5% 8.6% Applewood Associates, 703,733(4) 16.9% 7.5% L.P. Applewood Capital Corp. 703,733(2, 4) 16.9% 7.5% Seth Lieber 703,733(2, 4) 16.9% 7.5% Jonathan Lieber 703,733(2, 4) 16.9% 7.5% Marilyn Rubenstein 821,002(2) 8.5% 8.6% The Marilyn and Barry 821,002(2) 8.5% 8.6% Rubenstein Family Foundation Brian Rubenstein 104,237(2) 0.6% 1.1% Rebecca Rubenstein 104,237(2) 0.6% 1.1%
(b) Barry Rubenstein has sole power to vote and dispose of 323,000 shares of Common Stock (including 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 500 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 2.0% and 3.4%, respectively, of the outstanding Common Stock. By virtue of being a shareholder, officer and director of InfoMedia, a Trustee of the Foundation and a general partner of Applewood, Seneca, the Fund, Woodland Partners and Revwood, Barry Rubenstein may be deemed to have shared power to vote 7,285,886 shares of Common Stock (including 4,651,200 voting rights from the Preferred Stock, 1,017,857 shares received upon the consummation of the Exchange Offer, 1,000 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock, and 400,000 shares issuable upon the exercise of the Revwood Warrant), and may be deemed to have shared power to dispose of 2,634,686 shares of Common Stock (including 1,017,857 shares received upon the consummation of the Exchange Offer, 1,000 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock, and 400,000 shares issuable upon the exercise of the Revwood Warrant), representing approximately 26.8% of the outstanding Common Stock. The Fund has sole power to vote 459,215 shares of Common Stock, representing approximately 2.8% of the outstanding Common Stock (including 244,800 voting rights from the Preferred Stock and 53,571 shares received upon the consummation of the Exchange Offer), and may be deemed to have shared power to vote 932,987 shares of Common Stock (including 326,400 voting rights from the Preferred Stock, 71,428 shares received upon the consummation of the Exchange 29 of 45 Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 5.7% of the outstanding Common Stock. The Fund has the sole power to dispose of 214,415 shares of Common Stock (including 53,571 shares received upon the consummation of the Exchange Offer), representing approximately 2.3% of the outstanding Common Stock, and shared power to dispose of 606,587 shares of Common Stock (including 71,428 shares received upon the consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 share received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 6.3% of the outstanding Common Stock. Seneca has sole power to vote 306,836 shares of Common Stock, representing approximately 1.9% of the outstanding Common Stock (including 163,200 voting rights from the Preferred Stock and 35,714 shares received upon the consummation of the Exchange Offer), and may be deemed to have shared power to vote 1,085,366 shares of Common Stock (including 408,000 voting rights from the Preferred Stock, 89,285 share received upon the consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 share received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 6.6% of the outstanding Common Stock. Seneca has the sole power to dispose of 143,636 shares of Common Stock (including 35,714 shares received upon the consummation of the Exchange Offer), representing approximately 1.5% of the outstanding Common Stock, and shared power to dispose of 677,366 shares of Common Stock (including 89,285 shares received upon the consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 7.1% of the outstanding Common Stock. Woodland Services Corp. has shared power to vote 1,392,202 shares of Common Stock (including 571,200 voting rights from the Preferred Stock, 124,999 shares received upon the consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non- Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 8.5% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 821,002 shares of Common Stock (including 124,999 shares received upon the consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 8.6% of the outstanding Common Stock. 30 of 45 21st Century has sole power to vote 2,084,289 shares of Common Stock (including 1,383,120 voting rights from the Preferred Stock and 302,679 shares received upon the consummation of the Exchange Offer), representing approximately 12.8% of the outstanding Common Stock. 21st Century has sole power to dispose of 701,169 shares of Common Stock (including 302,679 shares received upon the consummation of the Exchange Offer), representing approximately 7.4% of the outstanding shares of Common Stock. 21st Century may be deemed to have shared power to vote 988,662 shares of Common Stock (including 656,880 voting rights from the Preferred Stock, and 143,750 shares received upon the consummation of the Exchange Offer), and may be deemed to have shared power to dispose of 331,782 shares of Common Stock (including 143,750 shares received upon the consummation of the Exchange Offer), representing approximately 3.5% of the outstanding Common Stock. T-E has sole power to vote 713,004 shares of Common Stock (including 470,832 voting rights from the Preferred Stock and 103,036 shares received upon the consummation of the Exchange Offer), representing approximately 4.4% of the outstanding Common Stock, and may be deemed to have shared power to vote 2,359,947 shares of Common Stock (including 1,569,168 voting rights from the Preferred Stock, and 343,393 shares received upon the consummation of the Exchange Offer), representing approximately 14.5% of the outstanding Common Stock. T-E has sole power to dispose of 242,172 shares of Common Stock (including 103,036 shares received upon the consummation of the Exchange Offer), representing approximately 2.6% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 790,779 shares of Common Stock (including 343,393 shares received upon the consummation of the Exchange Offer), representing approximately 8.4% of the outstanding Common Stock. Foreign has sole power to vote 275,658 shares of Common Stock (including 186,048 voting rights from the Preferred Stock and 40,714 shares received upon the consummation of the Exchange Offer), representing approximately 1.7% of the outstanding Common Stock. Foreign may be deemed to have shared power to vote 2,797,293 shares of Common Stock (including 1,853,952 voting rights from the Preferred Stock and 405,715 shares received upon the consummation of the Exchange Offer), representing approximately 17.2% of the outstanding Common Stock. Foreign has sole power to dispose of 89,610 shares of Common Stock (including 40,714 shares received upon the consummation of the Exchange Offer), representing approximately 1.0% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 943,341 shares of Common Stock (including 405,715 shares received upon the consummation of the Exchange Offer), representing approximately 10.0% of the outstanding Common Stock. By virtue of being the sole shareholder, officer and director of MJDM Corp., Michael J. Marocco may be deemed to have shared power to vote 3,072,951 shares of Common Stock, representing approximately 18.9% of the outstanding Common Stock (including 2,040,000 voting rights from the Preferred Stock and 446,429 shares received upon the consummation of the Exchange Offer), and may be deemed to have shared power to dispose of 1,032,951 shares of 31 of 45 Common Stock (including 446,429 shares received upon the consummation of the Exchange Offer), representing approximately 11.0% of the outstanding Common Stock. By virtue of being the majority shareholder and director of Four JK Corp., John Kornreich may be deemed to have shared power to vote 3,072,951 shares of Common Stock, representing approximately 18.9% of the outstanding Common Stock (including 2,040,000 voting rights from the Preferred Stock and 446,429 shares received upon the consummation of the Exchange Offer), and may be deemed to have shared power to dispose of 1,032,951 shares of Common Stock (including 446,429 shares received upon the consummation of the Exchange Offer), representing approximately 11.0% of the outstanding Common Stock. By virtue of being the sole shareholder of ARH Corp., Harvey Sandler may be deemed to have shared power to vote 3,072,951 shares of Common Stock, representing approximately 18.9% of the outstanding Common Stock (including 2,040,000 voting rights from the Preferred Stock and 446,429 shares received upon the consummation of the Exchange Offer), and may be deemed to have shared power to dispose of 1,032,951 shares of Common Stock (including 446,429 shares received upon the consummation of the Exchange Offer), representing approximately 11.0% of the outstanding Common Stock. By virtue of being a manager and majority member of ALSI, LLC, Andrew Sandler may be deemed to have shared power to vote 3,072,951 shares of Common Stock, representing approximately 18.9% of the outstanding Common Stock (including 2,040,000 voting rights from the Preferred Stock and 446,429 shares received upon consummation of the Exchange Offer), and may be deemed to have shared power to dispose of 1,032,951 shares of Common Stock (including 446,429 shares received upon consummation of the Exchange Offer), representing approximately 11.0% of the outstanding Common Stock. Barry Fingerhut has sole power to vote and dispose of 1,000 shares of Common Stock (received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 0.01% and 0.01%, respectively of the outstanding Common Stock. By virtue of being a shareholder, officer and director of InfoMedia and a general partner of Applewood, Barry Fingerhut may be deemed to have shared power to vote 5,816,684 shares of Common Stock (including 4,080,000 voting rights from the Preferred Stock, and 892,858 shares received upon consummation of the Exchange Offer), representing approximately 35.7% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 1,736,684 shares of Common Stock (including 892,858 shares received upon consummation of the Exchange Offer), representing approximately 18.4% of the outstanding Common Stock. Irwin Lieber has sole power to vote and dispose of 23,000 shares of Common Stock (including 1,000 shares received upon consummation of the Exchange Offer and 17,000 shares issuable upon the exercise of the warrants), representing approximately 0.1% and 0.2%, respectively of the outstanding Common Stock. By virtue of being a shareholder, officer and director of 32 of 45 InfoMedia and a general partner of Applewood, Irwin Lieber may be deemed to have shared power to vote 5,816,684 shares of Common Stock (including 4,080,000 voting rights from the Preferred Stock, and 892,858 shares received upon consummation of the Exchange Offer), representing approximately 35.7% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 1,736,684 shares of Common Stock (including 892,858 shares received upon consummation of the Exchange Offer), representing approximately 18.4% of the outstanding Common Stock. Applewood has sole power to vote 2,743,733 shares of Common Stock (including 2,040,000 voting rights from the Preferred Stock, and 446,429 shares received upon consummation of the Exchange Offer), representing approximately 16.9% of the outstanding Common Stock, and has sole power to dispose of 703,733 shares of Common Stock (including 446,429 shares received upon consummation of the Exchange Offer), representing approximately 7.5% of the outstanding Common Stock. AC Corp. may be deemed to have shared power to vote 2,743,733 shares of Common Stock (including 2,040,000 voting rights from the Preferred Stock and 446,429 shares received upon consummation of the Exchange Offer), representing approximately 16.9% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 703,733 shares of Common Stock (including 446,429 shares received upon consummation of the Exchange Offer), representing approximately 7.5% of the outstanding Common Stock. By virtue of being an officer of AC Corp., Seth Lieber may be deemed to have shared power to vote 2,743,733 shares of Common Stock (including 2,040,000 voting rights from the Preferred Stock, and 446,429 shares received upon consummation of the Exchange Offer), representing approximately 16.9% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 703,733 shares of Common Stock (including 446,429 shares received upon consummation of the Exchange Offer), representing approximately 7.5% of the outstanding Common Stock. By virtue of being an officer of AC Corp., Jonathan Lieber may be deemed to have shared power to vote 2,743,733 shares of Common Stock (including 2,040,000 voting rights from the Preferred Stock, and 446,429 shares received upon consummation of the Exchange Offer), representing approximately 16.9% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 703,733 shares of Common Stock (including 446,429 shares received upon consummation of the Exchange Offer), representing approximately 7.5% of the outstanding Common Stock. Woodland Partners has sole power to vote 198,914 shares of Common Stock, representing approximately 1.2% of the outstanding Common Stock (including 163,200 voting rights from the Preferred Stock, and 35,714 shares received upon consummation of the Exchange Offer), and may be deemed to have shared power to vote 1,193,288 shares of Common Stock (including 408,000 33 of 45 voting rights from the Preferred Stock, 89,285 shares received upon consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 7.3% of the outstanding Common Stock. Woodland Partners has sole power to dispose of 35,714 shares of Common Stock (representing 35,714 shares received upon consummation of the Exchange Offer), representing approximately 0.4% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 785,288 shares of Common Stock (including 89,285 shares received upon consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non- Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 8.2% of the outstanding Common Stock. By virtue of being a general partner of Woodland Partners, a Trustee of the Foundation, and the wife of Barry Rubenstein, Marilyn Rubenstein may be deemed to have shared power to vote 1,392,202 shares of Common stock (including 571,200 voting rights from the Preferred Stock, and 124,999 shares received upon consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 8.5% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 821,002 shares of Common Stock (including 124,999 shares received upon consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 1,500 shares received upon the consummation of the exchange in October 1997, of Warrants for Common Stock), representing approximately 8.6% of the outstanding Common Stock. The Foundation has sole power to vote 104,237 shares of Common Stock (including 1,000 shares received upon consummation of the Exchange Offer), representing approximately 0.6% of the outstanding Common Stock, and may be deemed to have shared power to vote 1,287,965 shares of Common Stock (including 571,200 voting rights from the Preferred Stock, 124,999 shares received upon consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option and 500 shares received upon consummation of the Exchange Offer), representing approximately 7.8% of the outstanding Common Stock. The Foundation has sole power to dispose of 104,237 shares of Common Stock (including 1,000 shares received upon consummation of the Exchange Offer), representing approximately 1.1% of the outstanding Common Stock, and may be deemed to have shared power to dispose of 716,765 shares of Common Stock (including 124,999 shares received upon consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of the Non- Qualified Option, 50,000 shares issuable upon the exercise of the Option and 500 shares received upon consummation of the Exchange Offer), representing approximately 7.5% of the outstanding Common Stock. 34 of 45 By virtue of being a Trustee of the Foundation, Brian Rubenstein may be deemed to have shared power to vote 104,237 shares of Common Stock (including 1,000 shares received upon consummation of the Exchange Offer), representing approximately 0.6% of the outstanding shares of Common Stock, and may be deemed to have shared power to dispose of 104,237 shares of Common Stock (including 1,000 shares received upon consummation of the Exchange Offer), representing approximately 1.1% of the outstanding Common Stock. By virtue of being a Trustee of the Foundation, Rebecca Rubenstein may be deemed to have shared power to vote 104,237 shares of Common Stock (including 1,000 shares received upon consummation of the Exchange Offer), representing approximately 0.6% of the outstanding shares of Common Stock, and may be deemed to have shared power to dispose of 104,237 shares of Common Stock (including 1,000 shares received upon consummation of the Exchange Offer), representing approximately 1.1% of the outstanding Common Stock. (c) Except as reported herein, there were no transactions in any of the securities of the Issuer by the persons identified in Item 2 of this Schedule 13D effected from December 6, 1997 through February 6, 1998, inclusive. (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities. (e) Not applicable. ITEM 7. Material to be Filed as Exhibits Exhibit 7.01 -- Agreement, effective as of February 6, 1998, among the reporting persons by which they have agreed to file this Schedule 13D and all necessary amendments, as required by Rule 13d-l(f). Exhibit 7.02 -- Brian Rubenstein - Power of Attorney. Exhibit 7.03 -- Rebecca Rubenstein - Power of Attorney. 35 of 45 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 Schedule is true, complete, and correct. Date: February 12, 1998 SENECA VENTURES /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, A General Partner WOODLAND VENTURE FUND /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, A General Partner WOODLAND SERVICES CORP. /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, President WOODLAND PARTNERS /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, A General Partner APPLEWOOD ASSOCIATES, L.P. /s/ Irwin Lieber --------------------------------- Irwin Lieber, A General Partner APPLEWOOD CAPITAL CORP. /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, President 36 of 45 /s/ Barry Rubenstein --------------------------------- Barry Rubenstein /s/ Barry Fingerhut --------------------------------- Barry Fingerhut /s/ Irwin Lieber --------------------------------- Irwin Lieber /s/ Jonathan Lieber --------------------------------- Jonathan Lieber /s/ Seth Lieber --------------------------------- Seth Lieber /s/ Marilyn Rubenstein --------------------------------- Marilyn Rubenstein THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, a Trustee * --------------------------------- Brian Rubenstein * --------------------------------- Rebecca Rubenstein By: /s/ Barry Rubenstein ----------------------------- Barry Rubenstein Attorney-in-Fact 37 of 45 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: /s/ Edward Grinacoff ----------------------------------- Name: Edward Grinacoff Title: Treasurer 21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: /s/ Edward Grinacoff ----------------------------------- Name: Edward Grinacoff Title: Treasurer 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: /s/ Edward Grinacoff ----------------------------------- Name: Edward Grinacoff Title: Treasurer 38 of 45 /s/ Michael J. Marocco --------------------------------- Michael J. Marocco /s/ Barry Lewis --------------------------------- Barry Lewis /s/ John Kornreich --------------------------------- John Kornreich /s/ Harvey Sandler --------------------------------- Harvey Sandler /s/ Andrew Sandler --------------------------------- Andrew Sandler ATTENTION: INTERNATIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). 39 of 45 JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them on a statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $.01 per share ("Common Stock"), and other securities convertible into Common Stock, of Enteractive, Inc. and that this Agreement be included as an Exhibit to such joint filing. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective as of February 12, 1998. SENECA VENTURES /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, A General Partner WOODLAND VENTURE FUND /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, A General Partner WOODLAND SERVICES CORP. /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, President WOODLAND PARTNERS /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, A General Partner APPLEWOOD ASSOCIATES, L.P. /s/ Irwin Lieber --------------------------------- Irwin Lieber, A General Partner 40 of 45 APPLEWOOD CAPITAL CORP. By: /s/ Barry Rubenstein ----------------------------- Barry Rubenstein, President /s/ Barry Rubenstein --------------------------------- Barry Rubenstein /s/ Barry Fingerhut --------------------------------- Barry Fingerhut /s/ Irwin Lieber --------------------------------- Irwin Lieber /s/ Jonathan Lieber --------------------------------- Jonathan Lieber /s/ Seth Lieber --------------------------------- Seth Lieber /s/ Marilyn Rubenstein --------------------------------- Marilyn Rubenstein THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: /s/ Barry Rubenstein ----------------------------- Barry Rubenstein, a Trustee * --------------------------------- Brian Rubenstein * --------------------------------- Rebecca Rubenstein *By: /s/ Barry Rubenstein ----------------------------- Barry Rubenstein Attorney-in-Fact 41 of 45 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: /s/ Edward Grinacoff ----------------------------------- Name: Edward Grinacoff Title: Treasurer 21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: /s/ Edward Grinacoff ----------------------------------- Name: Edward Grinacoff Title: Treasurer 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: /s/ Edward Grinacoff ----------------------------------- Name: Edward Grinacoff Title: Treasurer 42 of 45 /s/ Michael J. Marocco --------------------------------- Michael J. Marocco /s/ John Kornreich --------------------------------- John Kornreich /s/ Harvey Sandler --------------------------------- Harvey Sandler /s/ Andrew Sandler --------------------------------- Andrew Sandler 43 of 45 EX-7.02 2 BRIAN RUBENSTEIN - POWER OF ATTORNEY Exhibit 7.02 POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears below constitutes and appoints BARRY RUBENSTEIN, his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all statements and reports required under Section 13(d) of the Securities Exchange Act of 1934, as amended, including, without limitation, Schedule 13D and all amendments of all such statements and/or reports, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission and with such other parties as may be required, granting unto said attorney-in-fact and agent, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof. IN WITNESS WHEREOF, I have hereunto set my hand this 12th day of February, 1998. /s/ Brian Rubenstein ------------------------- Brian Rubenstein 44 of 45 EX-7.03 3 REBECCA RUBENSTEIN - POWER OF ATTORNEY Exhibit 7.03 POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears below constitutes and appoints BARRY RUBENSTEIN, her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for her and in her name, place and stead, in any and all capacities, to sign any and all statements and reports required under Section 13(d) of the Securities Exchange Act of 1934, as amended, including, without limitation, Schedule 13D and all amendments of all such statements and/or reports, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission and with such other parties as may be required, granting unto said attorney-in-fact and agent, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any of them, or their or her substitute or substitutes, may lawfully do or cause to be done by virtue thereof. IN WITNESS WHEREOF, I have hereunto set my hand this 12th day of February, 1998. /s/ Rebecca Rubenstein ------------------------- Rebecca Rubenstein -----END PRIVACY-ENHANCED MESSAGE-----