SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
Arch Wireless, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title and Class of Securities)
039381108
--------------------------------------------------------------------------------
(CUSIP Number)
James B. Rubin
Manager
Resurgence Asset Management, L.L.C.
10 New King Street
White Plains, New York 10604
Telephone: (914) 288-8600
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
July 3, 2001
------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box |X|.
NOTE. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. SEE Rule 13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 25 Pages)
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 2 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin
Resurgence Asset Management, L.L.C. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Funds of investors in M.D. Sass Corporate Resurgence Partners, L.P.
and M.D. Sass Corporate Resurgence Partners II, L.P.
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 7,213,931 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
0
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
7,213,931 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,213,931 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.969%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Resurgence Asset Management, L.L.C. ("RAM") exercises voting and
dispositive power over the Issuer's securities, solely in RAM's capacity
as the general partner and sole investment advisor of M.D. Sass Corporate
Resurgence Partners, L.P. and investment advisor to M.D. Sass Corporate
Resurgence Partners II, L.P. Accordingly, RAM and M.D. Sass Corporate
Resurgence Partners, L.P. may be deemed to share voting and dispositive
power with each of M.D. Sass Corporate Resurgence Partners, L.P. and M.D.
Sass Corporate Resurgence Partners II, L.P. Mr. James B. Rubin serves as
Chief Investment Officer and is responsible for the day-to-day activities
of RAM.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 3 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin
Resurgence Asset Management International, L.L.C. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Funds of investors in M.D. Sass Corporate Resurgence International,
Ltd. and M.D. Sass Re/Enterprise International, Ltd.
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 3,976,367 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
3,976,367 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,976,367 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.188%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Resurgence Asset Management International, L.L.C. ("RAMI") exercises
voting and dispositive power over Issuer's securities (a) solely in RAMI's
capacity as sole special shareholder of and sole investment advisor of
M.D. Sass Corporate Resurgence Partners International, Ltd., and (b)
solely in RAMI's capacity as sole special shareholder and sole investment
advisor to M.D. Sass Re/Enterprise International, Ltd. Accordingly, RAMI
may be deemed to share voting and dispositive power with each of M.D. Sass
Corporate Resurgence Partners International, Ltd. and M.D. Sass
Re/Enterprise International, Ltd. Mr. James B. Rubin serves as Chief
Investment Officer and is responsible for the day-to-day activities of
RAMI.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 4 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin
Re/Enterprise Asset Management, L.L.C. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Funds of investors in M.D. Sass Re/Enterprise Partners, L.P., M.D.
Sass Re/Enterprise-II, L.P. and other funds managed by
Re/Enterprise Asset Management, L.L.C.
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 4,095,269 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
4,095,269 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,095,269 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.253%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Re/Enterprise Asset Management, L.L.C. ("REAM") exercises voting and
dispositive power over the Issuer's securities (a) as the sole investment
advisor to two employee pension plans and (b) as general partner and sole
investment advisor of M.D. Sass Re/Enterprise Partners, L.P.
("Enterprise") and M.D. Sass Re/Enterprise-II, L.P. ("Enterprise-II").
Accordingly, REAM may be deemed to share voting and dispositive power with
each of the pension plans and with Enterprise and Enterprise-II. Mr. James
B. Rubin serves as Chief Investment Officer and is responsible for the
day-to-day activities of REAM.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 5 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kingstreet, Ltd. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Corporate funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 92,215 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
92,215 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
92,215 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.051%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Kingstreet, Ltd. is the wholly-owned subsidiary of the M.D. Sass
Re/Enterprise International Irrevocable Trust II (the "Trust").
Accordingly, Kingstreet, Ltd. and the Trust may be deemed to share voting
and dispositive power over the Issuer's securities. Voting and dispositive
power on behalf of the Trust is exercised through its trustee, CITCO
Trustees Company (BVI) Ltd. The sole director of Kingstreet, Ltd. is CTC
Corporation Ltd.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 6 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Resurgence Parallel Fund, L.L.C. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Corporate funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 240,784 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
240,784 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
240,784 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.132%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Voting and dispositive power over the Issuer's securities is exercised
through Resurgence Parallel Fund, L.L.C.'s managers, Martin D. Sass, Hugh
R. Lamle and Martin E. Winter.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 7 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
M.D. Sass Associates, Inc. Employees Profit Sharing Plan (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Employee funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 31,825 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
31,825 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,825 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.018%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The trustee of M.D. Sass Associates, Inc. Employees Profit Sharing Plan is
Martin E. Winter.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 8 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Personal funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 239,976 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
239,976 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
239,976 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.132%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 9 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Devonshire Capital Partners, L.L.C. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Corporate funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 154,014 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
154,014 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
154,014 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.085%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The manager of Devonshire Capital Partners, L.L.C. ("Devonshire"), Thomas
A. Larkin, is responsible for ordinary management and investment
decisions. However, the voting of certain securities in which Devonshire
owns more than 5% of the voting power must be approved of a majority of
the Class A members. Class A members of Devonshire are James B. Rubin,
Guadalupe G. Rubin and Thomas A. Larkin.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 10 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J.B. Rubin & Company Profit Sharing Plan (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Employee funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 1,828 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
1,828 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,828 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.001%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The trustee of J.B. Rubin & Company Profit Sharing Plan is James B. Rubin.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 11 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Guadalupe G. Rubin IRA (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Personal funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 6,993 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
6,993 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,993 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.004%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Voting and dispositive power is executed by Guadalupe G. Rubin.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 12 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin IRA (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Personal funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 8,458 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
8,458 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,458 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.005%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Voting and dispositive power is executed by James B. Rubin.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 13 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Resurgence Parallel Fund II, L.L.C. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Corporate funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 34,494 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
34,494 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,494 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.019%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Voting and dispositive power over the Issuer's securities is exercised
through Resurgence Parallel Fund II, L.L.C.'s managers, Martin D. Sass,
Hugh R. Lamle and Martin E. Winter.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 14 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Resurgence Asset Management Employee Retirement Plan (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Employee funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 2,528 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
-0-
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
2,528 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,528 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.001%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The trustee of Resurgence Asset Management Employee Retirement Plan is
James B. Rubin.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 15 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J. B. Rubin & Company Defined Contribution Plan (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Employee funds
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
--------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 127,041 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
0
---------------------------------------------------
(9) SOLE DISPOSITIVE POWER
127,041 (1)
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
127,041 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.070%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The trustee of the J. B. Rubin & Company Defined Contribution Plan is
James B. Rubin.
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 16 OF 25 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mid Ocean Capital Ltd. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Corporate funds
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 14,053 (1)
by Each Reporting ---------------------------------------------------
Person With (8) SHARED VOTING POWER
0
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(9) SOLE DISPOSITIVE POWER
14,053 (1)
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(10) SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,053 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.008%
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14 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Mid Ocean Capital Ltd. is the wholly-owned subsidiary of the M.D. Sass
Corporate Resurgence International Irrevocable Trust B (the "Trust").
Accordingly, Mid Ocean Capital Ltd. and the Trust may be deemed to share
voting and dispositive power over the Issuer's securities. Voting and
dispositive power over the Issuer's securities is exercised through CITCO
Trustees (BVI) Ltd. The sole director of Mid Ocean Capital Ltd. is Inter
Caribbean Services Ltd.
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CUSIP No. 039381108 SCHEDULE 13D PAGE 17 OF 25 PAGES
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ITEM 1. SECURITY AND ISSUER.
This Schedule 13D relates to Common Stock of Arch Wireless, Inc., a
Delaware corporation ("Issuer"). The Issuer's principal executive offices are
located at 1800 West Park Drive, Suite 250, Westborough, Massachusetts 01581.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Names of Persons Filing:
1. Resurgence Asset Management, L.L.C. ("RAM")
2. Resurgence Asset Management International, L.L.C. ("RAMI")
3. Re/Enterprise Asset Management, L.L.C. ("REAM")
4. Kingstreet, Ltd.
5. Resurgence Parallel Fund, L.L.C. ("Parallel Fund I")
6. M.D. Sass Associates, Inc. Employees Profit Sharing Plan ("SAEPS")
7. James B. Rubin
8. Devonshire Capital Partners, L.L.C. ("Devonshire")
9. J.B. Rubin & Company Profit Sharing Plan (the "Rubin Plan")
10. Guadalupe G. Rubin IRA
11. James B. Rubin IRA
12. Resurgence Parallel Fund II, LLC ("Parallel Fund II")
13. Resurgence Asset Management Employee Retirement Plan ("RAM Plan")
14. J. B. Rubin & Company Defined Contribution Plan ("Rubin Contribution
Plan")
15. Mid Ocean Capital Ltd.
(Each person listed above is a "Reporting Person" and collectively "Reporting
Persons")
(b) The address for each of RAM, RAMI, REAM, James B. Rubin, the Rubin Plan,
Parallel Fund, Parallel Fund II, RAM Plan, Rubin Contribution Plan,
Devonshire, the Guadalupe G. Rubin IRA and the James B. Rubin IRA is:
10 New King Street
First Floor
White Plains, New York 10604
The address for Mid Ocean Capital Ltd. is:
c/o CITCO Trustees (BVI) Ltd.
P.O. Box 662
Road Town, Tortola
British Virgin Islands
The address for SAEPS is:
1185 Avenue of the Americas
18th Floor
New York, New York 10036
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CUSIP No. 039381108 SCHEDULE 13D PAGE 18 OF 25 PAGES
--------------------- ------------------------------
The address for Kingstreet, Ltd. is:
c/o CITCO Trustees (BVI) Ltd.
P.O. Box 662
Road Town, Tortola
British Virgin Islands
(c) The principal occupation of RAM, RAMI and REAM is that of investment
advisor. The principal occupation of James B. Rubin is Chief Investment Officer
of RAM, RAMI and REAM.
The principal occupation of Kingstreet, Ltd. is to make and hold
investments on behalf of the M.D. Sass Re/Enterprise International Irrevocable
Trust II.
The principal occupation of Parallel Fund I and Parallel Fund II is to
make investments in certain funds managed by RAM.
The principal occupation of SAEPS, the Rubin Plan, the RAM Plan and the
Rubin Contribution Plan is that of an employee benefit plan.
The principal occupation of Mid Ocean Capital Ltd. is to make and hold
investments on behalf of its principal.
The Guadalupe G. Rubin IRA and James B. Rubin IRA are individual
retirement accounts.
(d)-(e) None of the Reporting Persons, has, during the last five years, (i)
been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors), or (ii) been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction as a result
of which he or it was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) See Row 6 of each cover page.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
As of April 18, 2001 the Reporting Persons beneficially owned an aggregate
of 16,239,776 shares of the Common Stock, representing 8.935% of the total
outstanding Common Stock.
The funds for acquisitions by the employee benefit or retirement plans,
including the individual retirement accounts, were provided by monies invested
by or contributed on behalf of the employee participants in such plans or
accounts. The funds for acquisitions by the other Reporting Persons were
provided by monies invested as capital contributions by investors, partners or
shareholders as the case may be.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons' respective acquisitions of the securities were
originally made for investment purposes.
None of the Reporting Persons has formulated any plans or proposals that
relate to or otherwise result in any matter required to be disclosed in response
to paragraphs (a) through (i) of Item 4 of Schedule 13D. However, Resurgence
Asset Management, L.L.C. on behalf of itself and its affiliated funds, which
also hold bonds of the Issuer, determined, as of July 3, 2001, to oppose a
restructuring plan proposed by the Issuer. Each of the Reporting Persons intends
to continuously review its or his investment in the Issuer, and may, at any time
and from time to time, through the committee or otherwise review or reconsider
its or his position and formulate plans or proposals that relate to, might
result in or have the purpose or effect of changing or influencing control of
the Issuer, or that relate to or
--------------------- ------------------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 19 OF 25 PAGES
--------------------- ------------------------------
would result in any of the other events enumerated in paragraphs (a) through (i)
of Item 4.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) - (b) See Rows 7, 9, 11 and 13 of each cover page.
The percentages in Row 13 of each cover page are based on 181,753,093
shares of Common Stock that were outstanding as of April 18, 2001, as reported
in the Issuer's Form 10-Q.
(c) None of the Reporting Persons has effected any transactions in the Common
Stock during the past 60 days.
(d) No person other than those named in Item 2 is known to have the right to
receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of the shares.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Agreement as to Joint Filing of Schedule 13D
Exhibit 2 Disclaimer of Beneficial Ownership
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CUSIP No. 039381108 SCHEDULE 13D PAGE 20 OF 25 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: July 13, 2001
RESURGENCE ASSET MANAGEMENT, L.L.C.
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Manager
RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C.
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Manager
RE/ENTERPRISE ASSET MANAGEMENT, L.L.C.
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Manager
KINGSTREET, LTD.
BY: /s/ Marc S. Kirschner
------------------------------------
Marc S. Kirschner, Authorized Signor
RESURGENCE PARALLEL FUND, L.L.C.
BY: /s/ Martin D. Sass
------------------------------------
Martin D. Sass, Manager
M.D. SASS ASSOCIATES, INC. EMPLOYEES PROFIT
SHARING PLAN
BY: /s/ Martin E. Winter
------------------------------------------
Martin E. Winter
JAMES B. RUBIN
/s/ James B. Rubin
------------------------------------
James B. Rubin
J.B. RUBIN & COMPANY PROFIT SHARING PLAN
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin
RESURGENCE ASSET MANAGEMENT EMPLOYEE RETIREMENT
PLAN
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Trustee
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CUSIP No. 039381108 SCHEDULE 13D PAGE 21 OF 25 PAGES
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DEVONSHIRE CAPITAL PARTNERS, L.L.C.
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Member
GUADALUPE G. RUBIN IRA
BY: /s/ Guadalupe G. Rubin
------------------------------------
Guadalupe G. Rubin, Beneficiary
JAMES B. RUBIN IRA
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Beneficiary
RESURGENCE PARALLEL FUND II, LLC
BY: /s/ Martin E. Winter
------------------------------------
Martin E. Winter, Member
J.B. RUBIN & COMPANY DEFINED CONTRIBUTION PLAN
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Trustee
MID OCEAN CAPITAL LTD.
BY: /s/ Marc S. Kirschner
------------------------------------
Marc S. Kirschner, Authorized Signor
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CUSIP No. 039381108 SCHEDULE 13D PAGE 22 OF 25 PAGES
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EXHIBIT INDEX TO SCHEDULE 13D
ARCH WIRELESS, INC.
Exhibit 1 Agreement between Resurgence Asset Management, L.L.C.
("RAM"), Resurgence Asset Management International,
L.L.C. ("RAMI"), Re/Enterprise Asset Management, L.L.C.
("REAM"), Kingstreet, Ltd., Resurgence Parallel Fund
L.L.C. ("Parallel Fund I"), M.D. Sass Associates, Inc.
Employees Profit Sharing Plan ("SAEPS"), James B. Rubin,
Devonshire Capital Partners, L.L.C. ("Devonshire"), J.B.
Rubin & Company Profit Sharing Plan (the "Rubin Plan"),
Guadalupe G. Rubin IRA, James B. Rubin IRA, Resurgence
Parallel Fund II, LLC ("Parallel Fund II"), Resurgence
Asset Management Employee Retirement Plan ("RAM Plan"),
J. B. Rubin & Company Defined Contribution Plan ("Rubin
Contribution Plan") and Mid Ocean Capital Ltd. as to
joint filing of Schedule 13D.
Exhibit 2 Disclaimer of Beneficial Ownership by RAM, RAMI and REAM.
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CUSIP No. 039381108 SCHEDULE 13D PAGE 23 OF 25 PAGES
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EXHIBIT 1
AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D
Each of the undersigned hereby affirms that it is individually eligible to use
Schedule 13D, and agrees that this Schedule 13D is filed on its behalf.
Dated: July 13, 2001
RESURGENCE ASSET MANAGEMENT, L.L.C.
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Manager
RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C.
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Manager
RE/ENTERPRISE ASSET MANAGEMENT, L.L.C.
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin, Manager
KINGSTREET, LTD.
BY: /s/ Marc S. Kirschner
------------------------------------------
Marc S. Kirschner, Authorized Signor
RESURGENCE PARALLEL FUND, L.L.C.
BY: /s/ Martin D. Sass
------------------------------------
Martin D. Sass, Manager
M.D. SASS ASSOCIATES, INC. EMPLOYEES PROFIT
SHARING PLAN
BY: /s/ Martin E. Winter
------------------------------------------
Martin E. Winter
JAMES B. RUBIN
/s/ James B. Rubin
------------------------------------
James B. Rubin
J.B. RUBIN & COMPANY PROFIT SHARING PLAN
BY: /s/ James B. Rubin
------------------------------------
James B. Rubin
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CUSIP No. 039381108 SCHEDULE 13D PAGE 24 OF 25 PAGES
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RESURGENCE ASSET MANAGEMENT EMPLOYEE RETIREMENT
PLAN
BY: /s/ James B. Rubin
------------------------------------------
James B. Rubin, Trustee
DEVONSHIRE CAPITAL PARTNERS, L.L.C.
BY: /s/ James B. Rubin
------------------------------------------
James B. Rubin, Member
GUADALUPE G. RUBIN IRA
BY: /s/ Guadalupe G. Rubin
------------------------------------------
Guadalupe G. Rubin, Beneficiary
JAMES B. RUBIN IRA
BY: /s/ James B. Rubin
------------------------------------------
James B. Rubin, Beneficiary
RESURGENCE PARALLEL FUND II, LLC
BY: /s/ Martin E. Winter
------------------------------------------
Martin E. Winter, Member
J.B. RUBIN & COMPANY DEFINED CONTRIBUTION PLAN
BY: /s/ James B. Rubin
------------------------------------------
James B. Rubin, Trustee
MID OCEAN CAPITAL LTD.
BY: /s/ Marc S. Kirschner
------------------------------------------
Marc S. Kirschner, Authorized Signor
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CUSIP No. 039381108 SCHEDULE 13D PAGE 25 OF 25 PAGES
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EXHIBIT 2
DISCLAIMER OF BENEFICIAL OWNERSHIP
Each of the undersigned disclaims beneficial ownership of the securities
referred to in the Schedule 13D to which this exhibit is attached, and the
filing of this Schedule 13D shall not be construed as an admission that any of
the undersigned is, for the purpose of Section 13D or 13G of the Securities
Exchange Act of 1934, as amended, the beneficial owner of any securities covered
by this Schedule 13D.
Dated: July 13, 2001
RESURGENCE ASSET MANAGEMENT, L.L.C.
BY: /s/ James B. Rubin
------------------------------------------
James B. Rubin, Manager
RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C.
BY: /s/ James B. Rubin
------------------------------------------
James B. Rubin, Manager
RE/ENTERPRISE ASSET MANAGEMENT, L.L.C.
BY: /s/ James B. Rubin
------------------------------------------
James B. Rubin, Manager