Exhibit 99.1
JOINT REPORTING AGREEMENT REGARDING
STATEMENTS ON SCHEDULE 13D
This JOINT SCHEDULE 13D FILING AGREEMENT, made as of March 24, 2003 among
the undersigned.
In accordance with Rule 13d-1(k)(1) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned agree as follows:
1. Joint Filing. The undersigned agree to file from time to time joint
Schedules 13D with respect to the beneficial ownership of securities by the
parties hereto (or by such other parties as may be deemed beneficially owned by
any of such parties), and to file jointly any further amendments or schedules
that may be required with respect to such ownership.
2. Representations and Warranties. Each of the parties hereto represents
and warrants to the other that all information regarding such party provided for
use in preparing a Schedule 13D pursuant hereto and any amendments thereto shall
be accurate and complete.
3. Responsibility for Filing. Each party hereto retains responsibility, as
required by the Securities and Exchange Commission's regulations, for the timely
filing of any and all Schedules 13D and any amendments thereto and for the
completeness and accuracy of the information concerning such party. Each party
hereto is not responsible, however, for the completeness and accuracy of the
information concerning the other party hereto, unless such party knows or has
reason to believe that such information is inaccurate.
4. Disclaimer of Group Status. Each party disclaims the existence of a
"group" with any other party, and as between any and all entities which may
beneficially own directly the securities which may be reported in one or more
Schedules 13D pursuant hereto, except as otherwise expressly stated in such
Schedules.
March 24, 2003 Bay Investments Limited
By: /s/ X. X. Xxxxxxx
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Title: Director
Mutual Trust Management (Bermuda)
Limited as trustee of Sofaer
Funds/Global Hedge Fund
By: /s/ Xxxxxxx Xxxxxx
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Title: Authorised signatory of
Sofaer Capital, Inc.
Authorised Investment Advisor
RIT Capital Partners plc
By: /s/ Xxxxxxx Xxxxxx
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Title: Authorised signatory of
Sofaer Capital, Inc.
Authorised Investment Advisor
Sofaer Capital Inc.
By: /s/ Xxxxxxx Xxxxxx
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Title: Director
Xxxxxxx Xxxxxx
By: /s/ Xxxxxxx Xxxxxx
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Soen Xxxx Xxx
By: /s/ Soen Xxxx Xxx
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Cornerstone Equity Investors, LLC
By: /s/ Xxxxxx X. Xxxx
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Title: Managing Director
Cornerstone Equity Investors IV, L.P.
By: Cornerstone Equity Investors, LLC
By: /s/ Xxxxxx X. Xxxx
-------------------------
Title: Managing Director
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PS Capital LLC
By: /s/ Xxxxxxx X. Xxxx
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Title: Managing Director
- 3 -
