UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(Mark One)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
- --- ACT OF 1934
For the quarter period ended May 31, 2003
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OR
___ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from To
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Commission file number 000-11023
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MAXUS REAL PROPERTY INVESTORS-FOUR, L.P.
---------------------------------------
(Exact name of small business issuer as specified in its charter)
Missouri 43-1250566
----------- ------------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
104 Armour Road, North Kansas City, Missouri 64116
----------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code (816) 303-4500
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1
INDEX
Page
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS:
Balance Sheets 3
Statements of Operations 4
Statements of Cash Flows 5
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN
OF OPERATION 7
ITEM 3. CONTROLS AND PROCEDURES 9
PART II - OTHER INFORMATION 9
ITEM 1. LEGAL PROCEEDINGS 9
ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS 9
ITEM 3. DEFAULTS UPON SENIOR SECURITIES 9
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 9
ITEM 5. OTHER INFORMATION 10
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K 10
SIGNATURES 11
EXHIBIT INDEX 14
2
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
MAXUS REAL PROPERTY INVESTORS - FOUR, L.P.
(A LIMITED PARTNERSHIP)
BALANCE SHEETS
May 31, November 30,
2003 2002
(Unaudited)
ASSETS:
Investment property
Land $ 1,014,000 1,014,000
Buildings and improvements 16,070,000 15,940,000
----------- -----------
17,084,000 16,954,000
Less accumulated depreciation 10,764,000 10,456,000
----------- -----------
Total investment property 6,320,000 6,498,000
Cash and cash equivalents 812,000 911,000
Prepaid expenses 33,000 86,000
Deferred expenses, less accumulated amortization 78,000 82,000
Income tax deposit 18,000 18,000
----------- -----------
Total assets $ 7,261,000 7,595,000
=========== ===========
LIABILITIES AND PARTNERS' DEFICIT:
Liabilities:
Mortgage notes payable $ 9,900,000 9,900,000
Accounts payable and accrued expenses 233,000 232,000
Real estate taxes payable 71,000 126,000
Refundable tenant deposits 71,000 75,000
----------- -----------
Total liabilities 10,275,000 10,333,000
Partners' deficit (3,014,000) (2,738,000)
----------- -----------
Total liabilities and partners' deficit $ 7,261,000 7,595,000
=========== ===========
3
MAXUS REAL PROPERTY INVESTORS - FOUR, L.P.
(A LIMITED PARTNERSHIP)
STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended Six Months Ended
May 31, May 31, May 31, May 31,
2003 2002 2003 2002
Revenues:
Rental $ 651,000 668,000 1,333,000 1,324,000
Other 57,000 60,000 108,000 122,000
-------- -------- --------- ---------
Total revenues 708,000 728,000 1,441,000 1,446,000
-------- -------- --------- ---------
Expenses:
Depreciation and amortization 156,000 154,000 312,000 304,000
Repairs and maintenance 71,000 82,000 143,000 168,000
Real estate taxes 48,000 34,000 84,000 69,000
Professional fees 20,000 29,000 48,000 96,000
Utilities 40,000 33,000 68,000 60,000
Property management fees - related parties 47,000 43,000 91,000 87,000
Other 139,000 116,000 242,000 229,000
-------- -------- -------- ---------
Total expenses 521,000 491,000 988,000 1,013,000
-------- -------- -------- ---------
Net operating income 187,000 237,000 453,000 433,000
-------- -------- -------- ---------
Interest
Interest income (12,000) (11,000) (14,000) (20,000)
Interest expense 184,000 184,000 369,000 369,000
-------- --------- -------- ---------
Net income $ 15,000 64,000 98,000 84,000
======== ========= ======== =========
Net income allocation:
General partner $ --- 1,000 2,000 2,000
Limited partners 15,000 63,000 96,000 82,000
-------- --------- -------- ---------
$ 15,000 64,000 98,000 84,000
======== ========= ======== =========
Limited partners' data:
Net income per unit $ 1.29 5.18 8.22 6.74
======== ========= ======== =========
Weighted average limited partnership
units outstanding 11,596 12,173 11,679 12,173
======== ========= ======== =========
4
MAXUS REAL PROPERTY INVESTORS-FOUR, L.P.
(A LIMITED PARTNERSHIP)
STATEMENTS OF CASH FLOWS
(UNAUDITED)
Six Months Ended
May 31, May 31,
2003 2002
Cash flows from operating activities:
Net income $ 98,000 84,000
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 312,000 304,000
Changes in accounts affecting operations:
Accounts receivable --- 30,000
Prepaid expenses 53,000 21,000
Accounts payable and accrued expenses 1,000 (45,000)
Real estate taxes payable (55,000) (68,000)
Refundable tenant deposits (4,000) (6,000)
Income tax deposit --- 91,000
--------- ---------
Net cash provided by operating activities 405,000 411,000
--------- ---------
Cash flows from investing activities:
Capital expenditures (130,000) (143,000)
--------- ---------
Cash flows from financing activities:
Distributions (232,000) (243,000)
Repurchase of Partnership Units (142,000) ---
-------- ---------
Net cash used in financing activities (374,000) (243,000)
-------- ---------
Net increase (decrease) in cash (99,000) 25,000
Cash and cash equivalents, beginning of period 911,000 1,048,000
-------- ---------
Cash and cash equivalents, end of period $ 812,000 1,073,000
======== =========
Supplemental disclosure of cash flow information -
cash paid during the period for interest $ 368,000 369,000
========= =========
5
MAXUS REAL PROPERTY INVESTORS-FOUR, L.P.
(A LIMITED PARTNERSHIP)
NOTES TO UNAUDITED FINANCIAL STATEMENTS
SIX MONTHS ENDED MAY 31, 2003 AND 2002
(1) Summary of Significant Accounting Policies
Refer to the financial statements of Maxus Real Property Investors - Four, L.P.,
formerly known as Nooney Real Property Investors - Four, L.P. (the "Partnership"
or the "Registrant"), for the year ended November 30, 2002, which are contained
in the Partnership's Annual Report on Form 10-KSB, for a description of the
accounting policies which have been continued without change. Also, refer to the
footnotes to those statements for additional details of the Partnership's
financial condition and results of operations. The details in those notes have
not changed except as a result of normal transactions in the interim. In the
opinion of the general partner, all adjustments (which include only normal
recurring adjustments) necessary to present fairly the financial position,
results of operations and cash flows at May 31, 2003 and for all periods
presented have been made. The results for the three and six month periods ended
May 31, 2003 are not necessarily indicative of the results that may be expected
for the entire year.
Certain reclassifications have been made to the prior period amounts to conform
to the current period presentation.
(a) Description of Business
The Partnership is a limited partnership organized under the laws of the State
of Missouri on February 9, 1982. The Partnership was organized to invest
primarily in income-producing real properties such as shopping centers, office
buildings and other commercial properties, apartment buildings, warehouses, and
light industrial properties. The Partnership's portfolio is comprised of a
402-unit apartment building located in West St. Louis County, Missouri
(Woodhollow Apartments).
(b) Basis of Accounting
The financial statements include only those assets, liabilities, and results of
operations of the partners which relate to the business of Maxus Real Property
Investors-Four, L.P. The statements do not include assets, liabilities, revenues
or expenses attributable to the partners' individual activities. No provision
has been made for federal and state income taxes since these taxes are the
responsibility of the partners.
(2) Repurchase of Partnership Interests
On May 23, 2003, the Partnership commenced an odd-lot offer to purchase up to
3,468 of the Registrant's limited partnership units from limited partners
holding 12 units or fewer (the "Offer"). The Offer expired on June 27, 2003. In
connection with the Offer, the Registrant redeemed 100 limited partnership units
of the Registrant at $430 per unit. The redemptions of units held by ten limited
partners, totaling 55 units, are being held pending receipt of all necessary
documents to satisfy the Registrant's redemption requirements. Previously, the
Partnership commenced an odd-lot offer to purchase up to 3,840 of the
Registrant's limited partnership units from limited partners holding 12 units or
fewer, which expired on December 31, 2002. At that time, the Registrant redeemed
332 limited partnership units at $430 per unit. As a result, as of July 1, 2003
there are 11,496 outstanding limited partnership units.
6
ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
This 10-QSB contains forward-looking information (as defined in the Private
Securities Litigation Reform Act of 1995) that involves risk and uncertainty,
including trends in the real estate investment market, general market
conditions, projected leasing and sales, and future prospects for the
Partnership. Actual results could differ materially from those contemplated by
such statements.
CRITICAL ACCOUNTING POLICIES
Refer to the Financial Statements of the Partnership for the year ended November
30, 2002, which are contained in the Partnership's Annual Report in Form 10-KSB,
for a description of the accounting policies, which have been continued without
change, unless otherwise noted herein.
The preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect amounts reported in the accompanying financial
statements. The most significant assumptions and estimates relate to revenue
recognition for leases, treatment of capital expenditures, depreciable lives of
investment property, capital expenditures and the valuation of investment
property. Application of these assumptions requires the exercise of judgment as
to future uncertainties and, as a result, actual results could differ from these
estimates.
Revenue Recognition
The Partnership leases its property pursuant to operating leases with terms
generally of six or twelve months. Rental income is recognized when received;
this method approximates recognition using the straight-line method over the
related lease term.
Investment Property Useful Lives
The Partnership is required to make subjective assessments as to the useful
lives of its property for the purposes of determining the amount of depreciation
to reflect on an annual basis with respect to the property. These assessments
have a direct impact on the Partnership's net income.
Investment property is depreciated over its estimated useful life of 30 years
using the straight-line method. Furnishings and appliances are depreciated from
5 to 7 years using the straight-line method.
Capital Expenditures
For reporting purposes, the Partnership capitalizes all carpet, vinyl,
appliance, and HVAC replacements. The Partnership expenses all other
expenditures that total less than $10,000. Expenditures over $10,000 and
expenditures related to contracts over $10,000 are evaluated individually for
capitalization.
Impairment of Investment Property Values
The Partnership is required to make subjective assessments as to whether there
are impairments in the value of its investment property. Management's estimates
of impairment in the value of the investment property have a direct impact on
the Partnership's net income.
The Partnership follows the provisions of Statement of Financial Accounting
Standards (SFAS) No. 144, "Accounting for the Impairment or Disposal of
Long-Lived Assets". The Partnership assesses the carrying value of its
long-lived asset whenever events or changes in circumstances indicate that the
carrying amount of the underlying asset may not be recoverable. Certain factors
that may occur and indicate that an impairment exists include, but are not
limited to: significant underperformance relative to projected future operating
results; significant changes in the manner of the use of the asset; and
significant adverse industry or market economic trends. If the carrying value of
the property may not be recoverable based upon the existence of one or more of
the above indicators of impairment, management measures the impairment based on
projected discounted cash flows using a discount rate determined by management
to be commensurate with the risk inherent in the Partnership, compared to the
property's current carrying value.
7
LIQUIDITY AND CAPITAL RESOURCES
Cash as of May 31, 2003 was $812,000, a decrease of $99,000 from November 30,
2002. Cash provided from operating activities for the six months ended May 31,
2003 was $405,000, which is consistent with results from the same period in
2002. Investing activities used $130,000 due to investment in property
improvements including roof replacements of $62,000 and HVAC replacements of
$25,000. Cash used in financing activities was $374,000, comprised of $232,000
of distributions of $10 per limited partner unit, which were paid in January and
April of 2003, and $142,000 to repurchase 332 limited partner units.
Contractual Obligations
The mortgage note payable is secured by Woodhollow Apartments and calls for
monthly interest payments of $61,000, with interest fixed at 7.45%. The
principal balance is due December 1, 2010. In the event of prepayment by the
Partnership, the note requires a substantial prepayment penalty.
Management believes the Partnership's current cash position and the property's
ability to provide operating cash flow should enable the Partnership to fund
anticipated capital expenditures and meet debt obligations.
RESULTS OF OPERATIONS
For the three and six month periods ended May 31, 2003, the Partnership's
revenues were $708,000 and $1,441,000, respectively. Revenues decreased by
$20,000 (2.7%) and $5,000 (.4%) respectively for the three and six-month periods
ended May 31, 2003 as compared to the same periods ended May 31, 2002. This
decrease was primarily due to an increase in vacancy loss of $24,000 and $10,000
for the three and six-month periods ended May 31, 2003, respectively.
For the three and six month periods ended May 31, 2003, the Partnership's
operating expenses were $521,000 and $988,000, respectively. Expenses increased
by $30,000 (6.1%) for the three-month period ended May 31, 2003 as compared to
the same period ended May 31, 2002. The increase in expenses was primarily due
to an increase in real estate taxes of $14,000, insurance expense (other
expenses) of $27,000, and utilities of $7,000, offset by a decrease in
professional fees of $9,000 and repairs and maintenance of $11,000. Expenses
decreased $25,000 (2.5%) for the six-month period ended May 31, 2003 as compared
to the same period ended May 31, 2002. The decrease in expenses was primarily
due to a decrease in repairs and maintenance of $25,000 and professional fees of
$48,000 offset by an increase in insurance expense (other expenses) of $37,000
and taxes of $15,000. The decrease in professional fees was the result of a
property tax study completed in 2002. This expense was not recurring in nature
and did not recur in 2003. The increase in insurance expense is primarily due to
a rate increase in 2003.
Woodhollow was 94% occupied at May 31, 2003. Based on industry information, the
average occupancy of the sub-market Woodhollow competes with is in the low to
mid 90% range. In 2002, unemployment rose above 6% in the St. Louis area for the
first time since 1993. The rate is expected to continue to stay at higher levels
until the end of 2003. Interest rates remain low, which normally increases
losses of tenants who move out of apartments when they purchase homes. Economic
development is expected to continue in St. Louis, with various projects such as
new retail developments and an airport expansion being planned. These
developments may lead to a decrease in the unemployment rate.
INFLATION
The effects of inflation did not have a material impact upon the Registrant's
operations in fiscal 2002 and are not expected to materially affect the
Registrant's operations in 2003.
OFF-BALANCE SHEET ARRANGEMENTS
The Partnership does not have any "off-balance sheet arrangements" as defined in
Item 303 (c) of Regulations S-B promulgated under the Securities Exchange Act of
1934, as amended.
8
ITEM 3: CONTROLS AND PROCEDURES
Under the supervision and with the participation of the management of Maxus
Capital Corp., the Partnership's managing general partner, including Maxus
Capital Corp.'s Chief Executive Officer and Chief Financial Officer, the
Registrant has established a system of controls and other procedures designed to
ensure that information required to be disclosed in its periodic reports filed
under the Securities Exchange Act of 1934, as amended, is recorded, processed,
summarized and reported within the time periods specified in the Securities and
Exchange Commission's ruled and forms. These disclosure controls and procedures
have been evaluated under the direction of the Chief Executive Officer and Chief
Financial Officer within the last 90 days. Based on such evaluations, the Chief
Executive Officer and Chief Financial Officer have concluded that the disclosure
controls and procedures are effective. There have been no significant changes in
the system of internal controls or in other factors that could significantly
affect internal controls subsequent to the evaluation by the Chief Executive
Officer and Chief Financial Officer.
PART II. OTHER INFORMATION
ITEM 1: LEGAL PROCEEDINGS
O. BRUCE MILLS V. MAXUS CAPITAL CORP. AND MAXUS REAL PROPERTY INVESTORS-FOUR
L.P., CASE NO. 01CC-004237, CIRCUIT COURT OF ST. LOUIS COUNTY, MISSOURI
On April 30, 2003, the Registrant settled the only remaining issue in this case
with Mills. The terms of the settlement are confidential. The settlement did not
require the Registrant or its General Partner to make any payment to Mills.
Moreover, the Court's judgment against Mills on all claims remains in place. The
judgment, however, was amended on May 2, 2003 in order to release to Mills the
$7,000 bond he had posted to secure a preliminary injunction. The amended
judgment also vacated the preliminary injunction in this case. With these
actions by the parties and the Court this matter is now concluded.
ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
On May 23, 2003, the Partnership commenced an odd-lot offer to purchase up to
3,468 of the Registrant's limited partnership units from limited partners
holding 12 units or fewer (the "Offer"). The Offer expired on June 27, 2003. In
connection with the Offer, the Registrant redeemed 100 limited partnership units
of the Registrant at $430 per unit. The redemptions of units held by ten limited
partners, totaling 55 units, are being held pending receipt of all necessary
documents to satisfy the Registrant's redemption requirements. Previously, the
Partnership commenced an odd-lot offer to purchase up to 3,840 of the
Registrant's limited partnership units from limited partners holding 12 units or
fewer, which expired on December 31, 2002. At that time, the Registrant redeemed
332 limited partnership units at $430 per unit. As a result, as of July 1, 2003
there are 11,496 outstanding limited partnership units.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None
9
ITEM 5. OTHER INFORMATION
The Board of Directors of the Partnership's general partner (Maxus Capital
Corp.) declared cash distributions of $10 per limited partnership unit, payable
to holders of record as of January 1, 2003, April 1, 2003, and July 1, 2003 that
were paid on January 10, 2003 and April 10, 2003, and July 10, 2003
respectively. The Partnership anticipates continuing such quarterly
distributions, at least in the near future.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
See Exhibit Index on Page 14
(b) Reports on Form 8-K
No reports on Form 8-K were filed by the Registrant during the
second quarter of 2003.
10
SIGNATURES
In accordance with the requirements of the Exchange Act, the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
MAXUS REAL PROPERTY INVESTORS-FOUR, L.P.
By: MAXUS CAPITAL CORP.
General Partner
Dated: July 14, 2003 By: /s/ Danley K. Sheldon
---------------------
Danley K. Sheldon
President and Chief Executive Officer
(Principal Executive Officer)
Dated: July 14, 2003 By: /s/ John W. Alvey
-----------------
John W. Alvey
Vice President, Treasurer and
Chief Financial Officer
(Principal Financial and Accounting Officer)
11
CERTIFICATION OF THE QUARTERLY REPORT
OF
MAXUS REAL PROPERTY INVESTORS-FOUR, L.P.
I, Danley K. Sheldon, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Maxus Real
Property Investors-Four, L.P.;
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;
3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;
4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:
a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;
b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and
c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;
5. The registrant's other certifying officer and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit committee
of registrant's board of directors (or persons performing the equivalent
functions):
a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and
b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and
6. The registrant's other certifying officer and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.
Date: July 14, 2003 /s/ Danley K. Sheldon
---------------------------
Danley K. Sheldon
President and Chief Executive Officer of
Maxus Capital Corp.,
General Partner of the Registrant
12
CERTIFICATION OF THE QUARTERLY REPORT
OF
MAXUS REAL PROPERTY INVESTORS-FOUR, L.P.
I, John W. Alvey, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Maxus Real
Property Investors-Four, L.P.;
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;
3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;
4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:
a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;
b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and
c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;
5. The registrant's other certifying officer and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit committee
of registrant's board of directors (or persons performing the equivalent
functions):
a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and
b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and
6. The registrant's other certifying officer and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.
Date: July 14, 2003 /s/ John W. Alvey
-----------------
John W. Alvey
Vice President, Treasurer, and
Chief Financial Officer of
Maxus Capital Corp.,
General Partner of the Registrant
13
EXHIBIT INDEX
Exhibit
Number Description
3.1 Amended and Restated Agreement and Certificate of Limited Partnership dated
April 7, 1982 is incorporated by reference to the Form 10-K for the year
ended November 30, 1999 filed by the Registrant under the Securities Act of
1933 (File No. 000-11023)
3.2 Amendment of Certificate of Limited Partnership dated December 21, 1999 is
incorporated by reference to the Form 8-K filed by the Registrant on
January 21, 2000 under the Securities Act of 1933 (File No. 000-11023)
99.1 Certification of Chief Executive Officer Pursuant To 18 U.S.C. Section
1350, As Adopted Pursuant To Section 906 of the Sarbanes-Oxley Act of 2002.
99.2 Certification of Chief Financial Officer Pursuant To 18 U.S.C. Section
1350, As Adopted Pursuant To Section 906 of the Sarbanes-Oxley Act of 2002.