SC 13D: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

------------------


SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934


SunSource Inc.
-----------------------------------------------------

(NAME OF ISSUER)

Common Stock, par value $.01 per share
-----------------------------------------------------

(TITLE OF CLASS OF SECURITIES)

867948101
-----------------------------------------------------

(CUSIP NUMBER)

Rory A. Greiss, Esq.
Kaye Scholer LLP
425 Park Avenue
New York, New York 10022
(212) 836-8261
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)

July 11, 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. / /

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 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 pages)
(Page 1 of 22)
- ------------------- ------------------
CUSIP NO. 867948101 SCHEDULE 13D PAGE 2 OF 22 PAGES
- ------------------- ------------------

- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS The Ravenswood Investment Company, L.P.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 11-2474002
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
WC
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------

NUMBER OF 7 SOLE VOTING POWER
SHARES 118,125
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
118,125
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0

- --------------------------------------------------------------------------------

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,125
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES * / /

- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.72%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
IV, PN
- --------------------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------- ------------------
CUSIP NO. 867948101 SCHEDULE 13D PAGE 3 OF 22 PAGES
- ------------------- ------------------

- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS WILMAC Partnership, Ltd.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 82-6030301

- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
WC, OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Idaho
- --------------------------------------------------------------------------------

NUMBER OF 7 SOLE VOTING POWER
SHARES 84,050
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
84,050
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0

- --------------------------------------------------------------------------------

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
84,050
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES * / /

- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.22%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
IV, PN
- --------------------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------- ------------------
CUSIP NO. 867948101 SCHEDULE 13D PAGE 4 OF 22 PAGES
- ------------------- ------------------

- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS Suzanne Robotti
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------

NUMBER OF 7 SOLE VOTING POWER
SHARES 1,000
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,000
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0

- --------------------------------------------------------------------------------

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES * / /

- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.0145%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------- ------------------
CUSIP NO. 867948101 SCHEDULE 13D PAGE 5 OF 22 PAGES
- ------------------- ------------------

- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS Robotti & Company, Incorporated
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 11-2627501

- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
WC
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------

NUMBER OF 7 SOLE VOTING POWER
SHARES 9,400
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING 151,600
PERSON WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
9,400
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
151,600

- --------------------------------------------------------------------------------

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
161,000
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES * / /

- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.34%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
CO, IV, BD
- --------------------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------- ------------------
CUSIP NO. 867948101 SCHEDULE 13D PAGE 6 OF 22 PAGES
- ------------------- ------------------

- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS Kenneth R. Wasiak
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
WC
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------

NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING 118,125
PERSON WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
118,125

- --------------------------------------------------------------------------------

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,125
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES * / /

- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.72%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------- ------------------
CUSIP NO. 867948101 SCHEDULE 13D PAGE 7 OF 22 PAGES
- ------------------- ------------------

- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS Robert Robotti
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
WC
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------

NUMBER OF 7 SOLE VOTING POWER
SHARES 9,400
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING 353,775
PERSON WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
9,400
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
353,775

- --------------------------------------------------------------------------------

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
363,175
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES * / /

- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.27%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------- ------------------
CUSIP NO. 867948101 SCHEDULE 13D PAGE 8 OF 22 PAGES
- ------------------- ------------------

- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS William J. Maeck
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
WC, OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------

NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING 84,050
PERSON WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
84,050

- --------------------------------------------------------------------------------

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
84,050
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES * / /

- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.22%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D

This Schedule 13D, dated July 19, 2001 (this "Statement"), is
filed on behalf of The Ravenswood Investment Company, L.P., a limited
partnership formed under the laws of the State of New York ("Ravenswood"),
WILMAC Partnership, Ltd., a limited partnership formed under the laws of the
State of Idaho ("WILMAC"), Suzanne Robotti ("Suzanne Robotti") and Robotti &
Company, Incorporated, a New York corporation ("Robotti" and, together with
Ravenswood, WILMAC and Suzanne Robotti, the "Reporting Persons"), and relates to
the common stock, par value $.01 per share (the "Common Stock"), of SunSource
Inc., a Delaware corporation (the "Company").


ITEM 1. SECURITY AND ISSUER

This Statement relates to the Common Stock of the Company. The
address of the Company's principal executive offices and principal business is
3000 One Logan Square, Philadelphia, PA 19103.


ITEM 2. IDENTITY AND BACKGROUND

This Statement is being filed on behalf of the following Reporting
Persons:

The Ravenswood Investment Company, L.P., a New York State limited
partnership
52 Vanderbilt Avenue
New York, NY 10017

Ravenswood is an investment partnership.

WILMAC Partnership, Ltd., an Idaho uniform limited partnership
P.O. Box 50966
Idaho Falls, ID 83405

WILMAC is an investment partnership.

Suzanne Robotti, a United States citizen
333 East 55th Street
New York, NY 10022

Suzanne Robotti does not currently hold a full-time position of
employment. Suzanne Robotti does, from time to time, engage in freelance writing
and magazine/website consulting.

Robotti & Company, Incorporated, a New York corporation


Page 9 of 22 Pages
52 Vanderbilt Avenue
New York, NY 10017

Robotti is a registered broker-dealer.

Kenneth R. Wasiak, a United States citizen
515 Madison Avenue
New York, NY 10022

Wasiak's principal occupation is as a partner in the accounting
firm of Pustorino, Puglisi & Company, P.C., located at 515 Madison Avenue, New
York, NY 10022. Wasiak is also a general partner of Ravenswood.

Robert Robotti, a United States citizen
52 Vanderbilt Avenue
New York, NY 10017

Robert Robotti's principal occupation is as a director and the
president and treasurer of Robotti. Robert Robotti is also a general partner of
Ravenswood and WILMAC.

William J. Maeck, a United States citizen
P.O. Box 50966
Idaho Falls, ID 83405

Maeck's principal occupation is as a general partner of WILMAC.

The (i) name, (ii) residence or business address, (iii) present
principal occupation or employment and the name, principal business and address
of any corporation or other organization in which such employment is conducted
and (iv) citizenship of each of the partners, members, executive officers,
directors or other persons controlling the Reporting Persons and each partner,
member, executive officer and director of any corporation or other person
ultimately in control of the Reporting Persons are set forth on Exhibit 1
hereto.

Neither the Reporting Persons nor the persons listed on Exhibit 1
hereto, to the best knowledge of the Reporting Persons or any of the persons
listed in Exhibit 1 hereto have, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction, and as a result of such proceeding 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.


Page 10 of 22 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

Ravenswood and Robotti utilized their working capital in making
each of their respective purchases of Common Stock. The Common Stock purchased
by Suzanne Robotti was purchased from her personal funds. WILMAC utilized its
working capital as well as a margin account with Pershing & Co. to purchase its
shares of Common Stock. Robert Robotti claims beneficial ownership of his shares
of Common Stock by virtue of his positions with Robotti, Ravenswood and WILMAC,
each of which purchased its shares of Common Stock with funds as described
above. Wasiak and Maeck claim beneficial ownership of their shares of Common
Stock by virtue of their positions with Ravenswood and WILMAC, respectively.


ITEM 4. PURPOSE OF TRANSACTION

The beneficial ownership of the Common Stock reported herein is
for investment purposes. Based upon information contained in a Schedule 13e-3
and Schedule 14A filed by the Company with the Securities and Exchange
Commission on July 11, 2001 in which the Company announced a proposed merger
transaction (the "Transaction"), pursuant to which $10.375 per share will be
offered for each share of Common Stock, the Reporting Persons believe that the
per share price to be offered in connection with the Transaction does not
accurately reflect the value of the Common Stock and that the Common Stock
represents an attractive investment opportunity. The Reporting Persons intend to
request open communications with or may attempt to influence the Company's
management to ensure that stockholders receive the full value of their
investment in the Company. Such communications or influence may include
proposals for a merger, sale or liquidation of some or all of the Company's
business or assets, a strategic alliance, a going-private transaction, a
distribution to stockholders, a stock repurchase instituted by the Company or
other similar transaction directed at stockholders receiving the full value of
their investment in the Company.

The Reporting Persons intend to continue to evaluate the Company's
business, financial condition, operating results, capital structure, management,
stock market performance, competitive outlook and other relevant factors. As
part of such evaluations, the Reporting Persons may seek the views of, hold
discussions with and respond to inquiries from representatives of the Company
and other persons regarding the Company's affairs. Depending on such
evaluations, the Reporting Persons may, at any time and from time to time,
purchase additional shares of Common Stock or may dispose of any and all shares
of Common Stock held by them. In the interest of maximizing stockholder value,
the Reporting Persons may from time to time develop plans respecting, or propose
changes in, the management, policies, operations, capital structure or business
of the Company. Such plans or proposals may include or relate to one or more of
the transactions specified in subparagraphs (a) through (j) of Item 4 of
Schedule 13D, including, without limitation, a merger, disposition, sale of the
Company's assets or changes in the Company's capitalization.


Page 11 of 22 Pages
Except as set forth above, the Reporting Persons have no current
plan or proposal which relates to, or would result in, any of the actions
enumerated in subparagraphs (a) through (j) of Item 4 of Schedule 13D.


ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

(a) As of July 19, 2001, (i) Ravenswood beneficially owns 118,125 shares of
Common Stock, representing 1.72% of the issued and outstanding shares of Common
Stock; (ii) WILMAC beneficially owns 84,050 shares of Common Stock, representing
1.22% of the issued and outstanding shares of Common Stock; (iii) Suzanne
Robotti beneficially owns 1,000 shares of Common Stock, representing .0145% of
the issued and outstanding shares of Common Stock; (iv) Robotti beneficially
owns 161,000 shares of Common Stock, representing 2.34% of the issued and
outstanding shares of Common Stock; (v) Wasiak beneficially owns 118,125 shares
of Common Stock, representing 1.72% of the issued and outstanding shares of
Common Stock; (vi) Robert Robotti beneficially owns 363,175 shares of Common
Stock, representing 5.27% of the issued and outstanding shares of Common Stock;
and (vii) Maeck beneficially owns 84,050 shares of Common Stock, representing
1.22% of the issued and outstanding shares of Common Stock. Robert Robotti is a
director and the president and treasurer of Robotti. Robert Robotti is also a
general partner of both Ravenswood and WILMAC and is married to Suzanne Robotti.
Wasiak is a general partner of Ravenswood. Maeck is a general partner of WILMAC.
The Reporting Persons, together with J.B. Capital Partners L.P. ("JB Capital")
and Alan Weber ("Weber" and, together with JB Capital, the "JB Capital Group";
the JB Capital Group, together with the Reporting Persons, the "Group"), may be
deemed to be a group within the meaning of Section 13d-3 of the Securities
Exchange Act of 1934, as amended (the "Act"). Weber is the general partner of JB
Capital and is currently employed by Robotti as an analyst. The JB Capital Group
has concurrently made a separate filing on Schedule 13D with respect to the
shares of Common Stock it beneficially owns. As of July 19, 2001, as reported on
the JB Capital Group's Schedule 13D, JB Capital beneficially owns 510,975 shares
of Common Stock, representing 7.42% of the issued and outstanding shares of
Common Stock and Weber beneficially owns 530,575 shares of Common Stock
representing 7.7% of the issued and outstanding shares of Common Stock.

(b) Each of Ravenswood, WILMAC and Suzanne Robotti have the sole power to vote
or direct the vote, and sole power to dispose or to direct the disposition of
each of their respective shares of Common Stock. Robotti shares the power to
vote or direct the vote, and shares the power to dispose or to direct the
disposition of 151,600 shares of Common Stock which Robotti has purchased in the
ordinary course of business as a broker-dealer on behalf of its customers.
Robert Robotti shares the power to vote or direct the vote, and shares the power
to dispose or to direct the disposition of 151,600 shares of Common Stock, which
include shares of Common Stock Robotti has purchased in the ordinary course of
business as a broker-dealer on behalf of its customers and which Robotti claims
beneficial ownership of by virtue of his position as a director and the
president and treasurer of Robotti. Robert Robotti shares the power to vote or
direct the vote, and shares the power to dispose or to direct the disposition of
118,125 shares of Common Stock, which Robert Robotti


Page 12 of 22 Pages
claims beneficial ownership of by virtue of his position as a general partner of
Ravenswood, with Wasiak. Robert Robotti shares the power to vote or direct the
vote, and shares the power to dispose or to direct the disposition of 84,050
shares of Common Stock, which Robert Robotti claims beneficial ownership of by
virtue of his position as a general partner of WILMAC, with Maeck. Wasiak shares
the power to vote or direct the vote, and shares the power to dispose or to
direct the disposition of 118,125 shares of Common Stock, which Wasiak claims
beneficial ownership of by virtue of his position as a general partner of
Ravenswood, with Robert Robotti. Maeck shares the power to vote or direct the
vote, and shares the power to dispose or to direct the disposition of 84,050
shares of Common Stock, which Maeck claims beneficial ownership of by virtue of
his position as a general partner of WILMAC, with Robert Robotti.

(c) Other than Robotti, who in the ordinary course of business as a
broker-dealer may have purchased and sold shares of Common Stock on behalf of
its customers and as described in the table below, none of the Reporting Persons
have had any transactions in shares of Common Stock in the past 60 days. The
following table lists all transactions in the shares of Common Stock in the last
60 days by Robotti: