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Mr. Grunfeld became a director of the Company�s upon the effectiveness of the Merger. Mr. Grunfeld was a director of Equitex from November 1991 to December 2006. Mr. Grunfeld has been a director of Equitex 2000, Inc. since its inception in 2001. Mr. Grunfeld has been engaged in the practice of law since 1971 and has been of counsel to the firm of Resch Polster Alpert & Berger, LLP, Los Angeles, California from November 1995 to August 2006. Since August 2006 he has practiced law as a principal of Law Offices of Aaron A. Grunfeld and Associates. Mr. Grunfeld received an A.B. in Political Science from UCLA in 1968 and a J.D. from Columbia University in 1971. He is a member of the California Bar Association. | 