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Ivan J. Wolpert age 41 has been a director of the Company since December 2005. Mr. Wolpert is a principal and founder of Belle Harbour Capital LLC a real estate fund that has extended over $20 million of loans to builders throughout New York and New Jersey. He has substantial experience in all aspects of the real estate industry and currently owns both residential units and commercial property. After graduating from law school he practiced real estate law and completed his legal career as Of Counsel at Paul Hastings Janofsky & Walker LLP. During the past several years Mr. Wolpert has acquired over 300 residential units and 200 000 square feet of commercial office space and was the recipient of the Associated Builders and Owners of Greater New York's 2004 Management Company of the Year award. Mr. Wolpert holds a Juris Doctorate degree from St. John's University and a Bachelor of Arts from Tufts University. | 