================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------- SCHEDULE 13G (RULE 13D-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B) ----------- (AMENDMENT NO. __)* ZONAGEN, INC. -------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK, 98975L108 PAR VALUE $0.001 PER SHARE ------------------------------------------- ------------------------------------ (TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER) APRIL 30, 2003 -------------------------------------------------------------------------------- (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: [ ] RULE 13D-1(B) [X] RULE 13D-1(C) [ ] RULE 13D-1(D) ---------- *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 in 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 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 ================================================================================ NY2:\1269020\02\R76K02!.DOC\74168.0011 ------------------------------------------------------------------------------- ---------------------------------------- CUSIP No. 98975L108 13G Page 2 -------------------------------------------------------------------------------- ---------------------------------------- ------------------------------------ ------------------------------------------- -------------------------------------------------- 1 NAME OF REPORTING PERSONS: SC FUNDAMENTAL VALUE FUND, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): ----------------------------- ---------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (A) [X] (B) [_] ----------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------- --------------------------------------------------- ------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE ------------------------------------ ------ ------------------------------------------------ -------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 261,234 SHARES ------ ------------------------------------------------ -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 0 OWNED BY ------ ------------------------------------------------ -------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 261,234 REPORTING ------ ------------------------------------------------ -------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 0 ----------------------------- -------------------------------------------------------------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 261,234 ----------------------------- ---------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* [ ] ----------------------------- ---------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.3% ----------------------------- --------------------------------------------------- ------------------------------------------------- 12 TYPE OF REPORTING PERSON: PN ----------------------------- --------------------------------------------------- ------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------------------------------------------------------------- ---------------------------------------- CUSIP No. 98975L108 13G Page 3 -------------------------------------------------------------------------------- ---------------------------------------- ----------------------------- --------------------------------------------------- ------------------------------------------------- 1 NAME OF REPORTING PERSONS: SC FUNDAMENTAL LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): ----------------------------- ---------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (A) [X] (B) [_] ----------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------- --------------------------------------------------- ------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK ------------------------------------ ------ ------------------------------------------------ -------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES ------ ------------------------------------------------ -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 261,234 OWNED BY ------ ------------------------------------------------ -------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING ------ ------------------------------------------------ -------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 261,234 ----------------------------- -------------------------------------------------------------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 261,234 ----------------------------- ---------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* [ ] ----------------------------- ---------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.3% ----------------------------- --------------------------------------------------- ------------------------------------------------- 12 TYPE OF REPORTING PERSON: OO ----------------------------- --------------------------------------------------- ------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------------------------------------------------------------- ---------------------------------------- CUSIP No. 98975L108 13G Page 4 -------------------------------------------------------------------------------- ---------------------------------------- ----------------------------- --------------------------------------------------- ------------------------------------------------- 1 NAME OF REPORTING PERSONS: SC FUNDAMENTAL VALUE BVI, LTD. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): ----------------------------- ---------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (A) [X] (B) [_] ----------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------- --------------------------------------------------- ------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION: BRITISH VIRGIN ISLANDS ------------------------------------ ------ ------------------------------------------------ -------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 322,509 SHARES ------ ------------------------------------------------ -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 0 OWNED BY ------ ------------------------------------------------ -------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 322,509 REPORTING ------ ------------------------------------------------ -------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 0 ----------------------------- -------------------------------------------------------------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 322,509 ----------------------------- ---------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* [ ] ----------------------------- ---------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.8% ----------------------------- --------------------------------------------------- ------------------------------------------------- 12 TYPE OF REPORTING PERSON: CO ----------------------------- --------------------------------------------------- ------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------------------------------------------------------------- ---------------------------------------- CUSIP No. 98975L108 13G Page 5 -------------------------------------------------------------------------------- ---------------------------------------- ----------------------------- --------------------------------------------------- ------------------------------------------------- 1 NAME OF REPORTING PERSONS: SC-BVI PARTNERS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): ----------------------------- ---------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (A) [X] (B) [_] ----------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------- --------------------------------------------------- ------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE ------------------------------------ ------ ------------------------------------------------ -------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES ------ ------------------------------------------------ -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 322,509 OWNED BY ------ ------------------------------------------------ -------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING ------ ------------------------------------------------ -------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 322,509 ----------------------------- -------------------------------------------------------------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 322,509 ----------------------------- ---------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* [ ] ----------------------------- ---------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.8% ----------------------------- --------------------------------------------------- ------------------------------------------------- 12 TYPE OF REPORTING PERSON: PN ----------------------------- --------------------------------------------------- ------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------------------------------------------------------------- ---------------------------------------- CUSIP No. 98975L108 13G Page 6 -------------------------------------------------------------------------------- ---------------------------------------- ----------------------------- --------------------------------------------------- ------------------------------------------------- 1 NAME OF REPORTING PERSONS: PMC-BVI, INC. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): ----------------------------- ---------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (A) [X] (B) [_] ----------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------- --------------------------------------------------- ------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE ------------------------------------ ------ ------------------------------------------------ -------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES ------ ------------------------------------------------ -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 322,509 OWNED BY ------ ------------------------------------------------ -------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING ------ ------------------------------------------------ -------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 322,509 ----------------------------- -------------------------------------------------------------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 322,509 ----------------------------- ---------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* [ ] ----------------------------- ---------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.8% ----------------------------- --------------------------------------------------- ------------------------------------------------- 12 TYPE OF REPORTING PERSON: CO ----------------------------- --------------------------------------------------- ------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------------------------------------------------------------- ---------------------------------------- CUSIP No. 98975L108 13G Page 7 -------------------------------------------------------------------------------- ---------------------------------------- ----------------------------- --------------------------------------------------- ------------------------------------------------- 1 NAME OF REPORTING PERSONS: SC FUNDAMENTAL VALUE BVI, INC. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): ----------------------------- ---------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (A) [X] (B) [_] ----------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------- --------------------------------------------------- ------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE ------------------------------------ ------ ------------------------------------------------ -------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES ------ ------------------------------------------------ -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 322,509 OWNED BY ------ ------------------------------------------------ -------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING ------ ------------------------------------------------ -------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 322,509 ----------------------------- -------------------------------------------------------------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 322,509 ----------------------------- ---------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* [ ] ----------------------------- ---------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.8% ----------------------------- --------------------------------------------------- ------------------------------------------------- 12 TYPE OF REPORTING PERSON: CO ----------------------------- --------------------------------------------------- ------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------------------------------------------------------------- ---------------------------------------- CUSIP No. 98975L108 13G Page 8 -------------------------------------------------------------------------------- ---------------------------------------- ----------------------------- --------------------------------------------------- ------------------------------------------------- 1 NAME OF REPORTING PERSONS: PETER M. COLLERY I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): ----------------------------- ---------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (A) [X] (B) [_] ----------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------- --------------------------------------------------- ------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES ------------------------------------ ------ ------------------------------------------------ -------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES ------ ------------------------------------------------ -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 583,743 OWNED BY ------ ------------------------------------------------ -------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING ------ ------------------------------------------------ -------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 583,743 ----------------------------- -------------------------------------------------------------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 583,743 ----------------------------- ---------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* [ ] ----------------------------- ---------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.1% ----------------------------- --------------------------------------------------- ------------------------------------------------- 12 TYPE OF REPORTING PERSON: IN ----------------------------- --------------------------------------------------- ------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------------------------------------------------------------- ---------------------------------------- CUSIP No. 98975L108 13G Page 9 -------------------------------------------------------------------------------- ---------------------------------------- ----------------------------- --------------------------------------------------- ------------------------------------------------- 1 NAME OF REPORTING PERSONS: NEIL H. KOFFLER I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): ----------------------------- ---------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (A) [X] (B) [_] ----------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------- --------------------------------------------------- ------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES ------------------------------------ ------ ------------------------------------------------ -------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES ------ ------------------------------------------------ -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 583,743 OWNED BY ------ ------------------------------------------------ -------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING ------ ------------------------------------------------ -------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 583,743 ----------------------------- -------------------------------------------------------------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 583,743 ----------------------------- ---------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* [ ] ----------------------------- ---------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.1% ----------------------------- --------------------------------------------------- ------------------------------------------------- 12 TYPE OF REPORTING PERSON: IN ----------------------------- --------------------------------------------------- ------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES (a) and (b) This Statement on Schedule 13G (the "Schedule 13G") relates to the common stock, par value $0.001 per share (the "Common Stock"), of Zonagen, Inc., a Delaware corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 2408 Timberloch Place, Suite B-4, The Woodlands, Texas 77380. ITEM 2. NAME OF PERSON FILING (a) Name of Persons Filing: (i) SC Fundamental Value Fund, L.P. (ii) SC Fundamental LLC (iii) SC Fundamental Value BVI, Ltd. (iv) SC-BVI Partners (v) PMC-BVI, Inc. (vi) SC Fundamental Value BVI, Inc. (vii) Peter M. Collery (viii) Neil H. Koffler (collectively, the "Reporting Persons") (b) Address of Principal Business Office or, if None, Residence: The principal business office of each of the Reporting Persons listed in Item 2(a) is as follows: The principal business office of each of SC Fundamental Value Fund, L.P., SC Fundamental LLC, SC-BVI Partners, PMC-BVI, Inc., SC Fundamental Value BVI, Inc., Peter M. Collery and Neil H. Koffler is 420 Lexington Avenue, Suite 2601, New York, New York 10170. The principal business office of SC Fundamental Value BVI, Ltd. is c/o Citco Fund Services (Cayman Islands) Ltd., Corporate Center, West Bay Road, Grand Cayman, Cayman Islands. (c), (d) and (e) For information with respect to citizenship of each of the Reporting Persons, title of class of securities and CUSIP number for the shares held by such persons, see the appropriate cover page above. ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act; (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) [ ] Investment company registered under Section 8 of the Investment Company Act; (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); 10 (f) [ ] An Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Not applicable. ITEM 4. OWNERSHIP (a) - (c) The response of each of the Reporting Persons to Items 5 through 11 of each of their respective Cover Sheets which relate to the beneficial ownership of the Common Stock of the Issuer, as of May 9, 2003, is incorporated herein by reference. The percentage ownership of each of the Reporting Persons is based on 11,504,984 shares of Common Stock outstanding as of March 14, 2003, as reported by the Issuer in its Annual Report on Form 10-K for the fiscal year ended December 31, 2002. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of Securities, check the following |_|. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. 11 ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATION (a) Not applicable. (b) By signing below, each of the undersigned certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. [The remainder of this page intentionally left blank.] 12 SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: May 9, 2003 SC FUNDAMENTAL VALUE FUND, L.P. By: SC Fundamental LLC, as General Partner By: /s/ Neil H. Koffler ------------------------------------------- Neil H. Koffler, Member SC FUNDAMENTAL LLC By: /s/ Neil H. Koffler ------------------------------------------ Neil H. Koffler, Member SC FUNDAMENTAL VALUE BVI, LTD. By: SC Fundamental Value BVI, Inc., as managing general partner of investment manager By: /s/ Neil H. Koffler ------------------------------------------- Neil H. Koffler, Vice President SCI-BVI PARTNERS By: SC Fundamental Value BVI, Inc., as managing general partner By: /s/ Neil H. Koffler ------------------------------------------- Neil H. Koffler, Vice President PMC-BVI, INC. By: /s/ Neil H. Koffler ------------------------------------------ Neil H. Koffler as Attorney-in-Fact for Peter M. Collery, President (1) 13 SC FUNDAMENTAL VALUE BVI, INC. By: /s/ Neil H. Koffler ------------------------------------------ Neil H. Koffler, Vice President /s/ Neil H. Koffler ------------------------------------------------- Neil H. Koffler as Attorney-in-Fact for Peter M. Collery (1) /s/ Neil H. Koffler -------------------------------------------------- Neil H. Koffler (1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery. The Power of Attorney for Mr. Collery is attached as Exhibit 2 to the Statement on Schedule 13D with respect to the common stock of ESG Re Limited, filed on August 21, 2000, and is hereby incorporated by reference. 14 EXHIBIT INDEX Exhibit No. Document ----------- -------- 1 Joint Filing Agreement, dated May 9, 2003, among SC Fundamental Value Fund, L.P., SC Fundamental LLC, SC Fundamental Value BVI, Ltd., SC-BVI Partners, PMC-BVI, Inc., SC Fundamental Value BVI, Inc., Peter M. Collery and Neil H. Koffler, to file this joint statement on Schedule 13G. 15