Securities Listed on OTC 
             J.D. Seibert & Co., Inc.                       

Summary Statistics:

Non-directed orders as percentage of total customer orders   100.0%
Market orders as percentage of total non-directed orders     66.3%
Limit orders as percentage of total non-directed orders      33.2%
Other orders as percentage of total non-directed orders      0.5%

Venues receiving significant percentage of total non-directed orders:

Fleet                                                        58.0%
Knight Securities                                            35.3%
Robertson Stephens                                           6.7%

Information Concerning significant Venues:

Fleet

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             63.9%
Market orders as percentage of total market orders           54.8%
Other orders as percentage of total other orders             100.0%


Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             30.4%
Market orders as percentage of total market orders           38.0%


Robertson Stephens

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             5.7%
Market orders as percentage of total market orders           7.2%