SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Hollywood Media Corp.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
436233100
--------------------------------------------------------------------------------
(CUSIP Number)
Robert Zurl
--------------------------------------------------------------------------------
Shannon River Partners
800 Third Ave, 30th Floor
New York, NY 10022
Telephone: (212) 212-331-6555
(Name, address and telephone number of person
authorized to receive notices and communications)
December 18, 2008
--------------------------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 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(b) 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 the 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 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)
------------------- ------------------
CUSIP No. 436233100 SCHEDULE 13D Page 2 of 11 Pages
------------------- ------------------
------- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Shannon River Fund Management Co LLC
------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------- ------------------------------------------------------------------------
3 SEC USE ONLY
------- ------------------------------------------------------------------------
4 SOURCE OF 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
----------------------------------- ------ -------------------------------------
7 SOLE VOTING POWER 2,373,571
NUMBER OF
------ -----------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
BENEFICIALLY
------ -----------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER 2,373,571
EACH
------ -----------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER -0-
PERSON WITH
------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,373,571
------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ** [ ]
------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.51%(1)
------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO (Limited Liability Company)
------- ------------------------------------------------------------------------
_____________________
(1) Shannon River Fund Management Co. LLC holds an indirect beneficial
interest in these shares which are directly beneficially owned by Shannon
River Partners, LP, Shannon River Partners II, LP, and Doonbeg Fund, LP.
Spencer Waxman holds an indirect beneficial ownership interest in these
shares. Mr. Waxman disclaims any beneficial ownership of the shares of
Common Stock covered by this 13D.
------------------- ------------------
CUSIP No. 436233100 SCHEDULE 13D Page 3 of 11 Pages
------------------- ------------------
------- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Shannon River Global Management LLC
------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------- ------------------------------------------------------------------------
3 SEC USE ONLY
------- ------------------------------------------------------------------------
4 SOURCE OF 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
----------------------------------- ------ -------------------------------------
7 SOLE VOTING POWER 750,289
NUMBER OF
------ -----------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
BENEFICIALLY
------ -----------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER 750,289
EACH
------ -----------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER -0-
PERSON WITH
------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,289
------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ** [ ]
------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.37%(2)
------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO (Limited Liability Company)
------- ------------------------------------------------------------------------
____________________
(2) Shannon River Global Management LLC holds an indirect beneficial
interest in these shares which are directly beneficially owned by Shannon
River Partners LTD. Spencer Waxman holds an indirect beneficial ownership
interest in these shares. Mr. Waxman disclaims any beneficial ownership of
the shares of Common Stock covered by this 13D.
------------------- ------------------
CUSIP No. 436233100 SCHEDULE 13D Page 4 of 11 Pages
------------------- ------------------
------- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Shannon River Partners, LP
------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------- ------------------------------------------------------------------------
3 SEC USE ONLY
------- ------------------------------------------------------------------------
4 SOURCE OF 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
----------------------------------- ------ -------------------------------------
7 SOLE VOTING POWER 435,964
NUMBER OF
------ -----------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
BENEFICIALLY
------ -----------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER 435,964
EACH
------ -----------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER -0-
PERSON WITH
------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
435,964
------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ** [ ]
------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.38%
------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------- ------------------------------------------------------------------------
------------------- ------------------
CUSIP No. 436233100 SCHEDULE 13D Page 5 of 11 Pages
------------------- ------------------
------- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Shannon River Partners II, LP
------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------- ------------------------------------------------------------------------
3 SEC USE ONLY
------- ------------------------------------------------------------------------
4 SOURCE OF 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
----------------------------------- ------ -------------------------------------
7 SOLE VOTING POWER 1,734,648
NUMBER OF
------ -----------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
BENEFICIALLY
------ -----------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER 1,734,648
EACH
------ -----------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER -0-
PERSON WITH
------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,734,648
------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ** [ ]
------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.49%
------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------- ------------------------------------------------------------------------
------------------- ------------------
CUSIP No. 436233100 SCHEDULE 13D Page 6 of 11 Pages
------------------- ------------------
------- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Doonbeg Fund, LP
------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------- ------------------------------------------------------------------------
3 SEC USE ONLY
------- ------------------------------------------------------------------------
4 SOURCE OF 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
----------------------------------- ------ -------------------------------------
7 SOLE VOTING POWER 202,959
NUMBER OF
------ -----------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
BENEFICIALLY
------ -----------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER 202,959
EACH
------ -----------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER -0-
PERSON WITH
------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
202,959
------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ** [ ]
------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.64%
------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------- ------------------------------------------------------------------------
------------------- ------------------
CUSIP No. 436233100 SCHEDULE 13D Page 7 of 11 Pages
------------------- ------------------
------- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Shannon River Partners, LTD
------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------- ------------------------------------------------------------------------
3 SEC USE ONLY
------- ------------------------------------------------------------------------
4 SOURCE OF 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
Cayman Islands
----------------------------------- ------ -------------------------------------
7 SOLE VOTING POWER 750,289
NUMBER OF
------ -----------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
BENEFICIALLY
------ -----------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER 750,289
EACH
------ -----------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER -0-
PERSON WITH
------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,289
------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ** [ ]
------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.37%
------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------- ------------------------------------------------------------------------
------------------- ------------------
CUSIP No. 436233100 SCHEDULE 13D Page 8 of 11 Pages
------------------- ------------------
ITEM 1. Security and Issuer
This statement on Schedule 13D (this "Schedule 13D") relates to the common
stock, par value $0.01 per share (the "Common Stock"), of Hollywood Media Corp.,
a Delaware corporation (the "Issuer"). The principal executive offices of the
Issuer are located at 2255 Glades Road, Suite 221A, Boca Raton, Florida 33431.
ITEM 2. Identity and Background.
(a) This Schedule 13D is being filed by Shannon River Fund Management Co.
LLC ("SRFM"), Shannon River Global Management LLC ("SRGM"), Shannon River
Partners, LP ("SRP"), Shannon River Partners II, LP ("SRP II"), Doonbeg Fund, LP
("DF"), and Shannon River Partners LTD ("SRP LTD"). SRFM, SRGM, SRP, SRP II, DF
and SRP LTD shall hereinafter be referred to collectively as the "Reporting
Persons." SRFM and SRGM are Delaware Limited Liability Companies. SRP, SRP II
and DF are Delaware Limited Partnerships. SRP LTD is a Cayman Islands
Corporation.
(b) Each Reporting Person has a business address of 800 Third Ave, 30th
Floor, New York, NY 10022.
(c) The principal business of the Reporting Persons is investment
management.
(d) and (e) To the knowledge of each Reporting Person, during the last
five years, no Reporting Person has been convicted in any criminal proceeding
(excluding traffic violations or similar misdemeanors) or was a party to a civil
proceeding of a judicial or administrative body resulting in 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
violations with respect to such laws.
ITEM 3. Source and Amount of Funds or Other Consideration.
The securities reported in this Schedule 13D as directly beneficially
owned by the Reporting Persons were acquired with funds of approximately
$8,628,223 (including brokerage commissions). All such funds were provided from
the working capital or personal funds of the Reporting Persons who directly
beneficially own such securities.
ITEM 4. Purpose of the Transaction.
The shares of Common Stock were acquired by the Reporting Person for
investment purposes. The Reporting Persons have elected to convert their
Schedule 13G with respect to the Issuer to a Schedule 13D because Spencer M.
Waxman, the managing member of SRFM and SRGM (the investment advisors to SRP,
SRP II, DF and SRP LTD) has been elected to the Issuer's board of directors. In
his capacity as a director of the Company, Mr. Waxman may be in a position to
influence management and, therefore, perhaps influence decisions on any plans or
proposals of the type described in paragraphs (a) through (j) of Item 4 of
Schedule 13D and may, at any time and from time to time, review, reconsider and
discuss with the Issuer or others his positions with respect to the Issuer which
could thereafter result in the adoption of such plans and proposals.
No Reporting Person has any present plan or proposal that would relate to
or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4
of Schedule 13D except as set forth herein. The Reporting Persons reserve the
right to change their plans and intentions at any time as they deem appropriate.
The Reporting Persons intend to review their investment in the Issuer on a
continuing basis, and to the extent permitted by law, may seek to engage in
discussions with other stockholders and/or with management and the board of
directors of the Issuer concerning the business, operations or future plans of
the Issuer. Depending on various factors including, without limitation, the
Issuer's financial position, the price levels of the Common Stock, conditions in
the securities markets and general economic and industry conditions, the
Reporting Persons may, in the future take such actions with respect to their
investment in the Issuer as they deem appropriate including, without limitation,
purchasing additional shares of Common Stock, selling Common Stock, engaging in
short selling of or any hedging or similar transaction with respect to the
Common Stock, taking any other action with respect to the Issuer or any of its
securities in any manner permitted by law or changing its intention with respect
to any and all matters referred to in paragraphs (a) through (j) of Item 4 of
Schedule 13D.
------------------- ------------------
CUSIP No. 436233100 SCHEDULE 13D Page 9 of 11 Pages
------------------- ------------------
Any such transactions may be effected at any time or from time to time,
subject to any applicable limitations imposed on the sale of shares of the
Common Stock by the Securities Act of 1933, as amended, the Securities Exchange
Act of 1934, as amended (the "Exchange Act") and applicable state securities or
"blue sky" laws.
ITEM 5. Interest in Securities of the Issuer.
(a) and (b) As of February 25, 2009, the Reporting Persons beneficially
owned in the aggregate 3,123,860 shares of Common Stock, constituting
approximately 9.88% of the outstanding shares of Common Stock (the percentage of
shares owned being based upon 31,614,274 shares outstanding on November 17,
2008, as set forth in the Issuer's most recent Definitive Proxy Statement, filed
with the Securities and Exchange Commission on November 18, 2008). The following
table sets forth certain information with respect to shares of Common Stock
beneficially owned directly by the Reporting Persons members listed:
------------------------- ----------------------- -------------------------
Approximate Percentage of
Name Number of Shares Outstanding Shares
------------------------- ----------------------- -------------------------
SRP* 435,964 1.38%
------------------------- ----------------------- -------------------------
SRP II* 1,734,648 5.49%
------------------------- ----------------------- -------------------------
DF* 202,959 0.64%
------------------------- ----------------------- -------------------------
SRP LTD** 750,289 2.37%
------------------------- ----------------------- -------------------------
*SRFM has an indirect beneficial ownership interest in these shares of Common
Stock
**SRGM has an indirect beneficial ownership interest in these shares of
Common Stock
SRFM is the investment advisor of SRP, SRP II and DF and, accordingly, may
be deemed to be the indirect beneficial owner (as that term is defined under
Rule 13d-3 under the Exchange Act) of the shares of Common Stock that SRP, SRP
II and DF beneficially own. SRFM, as the investment advisor of SRP, SRP II and
DF, has the sole power to direct the voting and disposition of the shares of
Common Stock that SRP, SRP II and DF beneficially own.
SRGM is the investment advisor of SRP LTD and, accordingly, may be deemed
to be the indirect beneficial owner (as that term is defined under Rule 13d-3
under the Exchange Act) of the shares of Common Stock that SRP LTD beneficially
owns. SRGM, as the investment advisor of SRP LTD has the sole power to direct
the voting and disposition of the shares of Common Stock that SRP LTD
beneficially owns.
Mr. Waxman is the managing member of SRFM and SRGM and, accordingly, Mr.
Waxman may be deemed to be the indirect beneficial owner (as that term is
defined under Rule 13d-3 under the Exchange Act) of the shares of Common Stock
that SRFM and SRGM may be deemed to beneficially own. Mr. Waxman, as the
managing member of SRFM and SRGM, has the power to direct the voting and
disposition of the shares of Common Stock that SRFM and SRGM may be deemed to
beneficially own.
The filing of this Schedule 13D and any future amendment by the Reporting
Persons, and the inclusion of information herein and therein with respect to Mr.
Waxman, shall not be considered an admission that any of such persons, for the
purpose of Section 13(d) of the Exchange Act, are the beneficial owners of any
shares in which such persons do not have a pecuniary interest.
------------------- -------------------
CUSIP No. 436233100 SCHEDULE 13D Page 10 of 11 Pages
------------------- -------------------
(c) To the best knowledge of the Reporting Persons, there have been no
transactions in shares of Common Stock effected during the past 60 days by the
Reporting Persons, any person in control of the Reporting Persons (ultimately or
otherwise), or any general partner, executive officer or director thereof, as
applicable; provided, however, certain investment banking affiliates of the
Reporting Persons may beneficially own shares of Common Stock, including shares
that may be held in discretionary or advisory accounts with the Reporting
Persons, and the Reporting Persons, directly or in connection with such
discretionary or advisory accounts, may acquire, hold, vote or dispose of Common
Stock, including transactions that may have occurred in the past 60 days.
(d) No person, other than each of the members of the Reporting Persons
referred to as the direct beneficial owner of the shares of Common Stock set
forth in this response to Item 5, has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
shares of Common Stock.
(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
Number Description
-------- ------------------------------------------------------------
1 Joint Filing Agreement dated February 26, 2009, by and among
SRFM, SRGM, SRP, SRP II, DF and SRP Ltd.
------------------- -------------------
CUSIP No. 436233100 SCHEDULE 13D Page 11 of 11 Pages
------------------- -------------------
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 26, 2009
SHANNON RIVER FUND MANAGEMENT CO. LLC
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
SHANNON RIVER GLOBAL MANAGEMENT LLC
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
SHANNON RIVER PARTNERS, LP
By: Shannon River Fund Management Co. LLC, General Partner
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
SHANNON RIVER PARTNERS II, LP
By: Shannon River Fund Management Co. LLC, General Partner
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
DOONBEG FUND, LP
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
SHANNON RIVER PARTNERS LTD
By: Shannon River Global Management LLC, Investment Manger
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
EXHIBIT 1
JOINT FILING AGREEMENT PURSUANT TO RULE 13D-1(K)(1)
This Agreement is made pursuant to Rule 13d-1(k)(1) under the Securities
Exchange Act of 1934, as amended (the "Act") by and among the parties listed
below, each referred to herein as a "Joint Filer." The Joint Filers agree that a
statement of beneficial ownership as required by Section 13(d) of the Act and
the Rules thereunder may be filed on each of their behalf on Schedule 13D or
Schedule 13G, as appropriate, and that said joint filing may thereafter be
amended by further joint filings. The Joint Filers state that they each satisfy
the requirements for making a joint filing under Rule 13d-1.
Dated: February 26, 2009
SHANNON RIVER FUND MANAGEMENT CO. LLC
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
SHANNON RIVER GLOBAL MANAGEMENT LLC
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
SHANNON RIVER PARTNERS, LP
By: Shannon River Fund Management Co. LLC, General Partner
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
SHANNON RIVER PARTNERS II, LP
By: Shannon River Fund Management Co. LLC, General Partner
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
DOONBEG FUND, LP
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member
SHANNON RIVER PARTNERS LTD
By: Shannon River Global Management LLC, Investment Manger
By: /s/ Spencer Waxman
--------------------------------------
Spencer Waxman, Managing Member