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Robert C. Farenhem had been our Chief Financial Officer since February 2007. On May 1 2007 our board of directors appointed Mr. Farenhem President of Devcon. Mr. Farenhem is a Principal of Royal Palm Capital Management LLLP. Mr. Farenhem has been a Principal and the Chief Financial Officer of Royal Palm Capital Partners since April 2003 and is a director of Equity Media Holdings Corp. and American Residential Services Investment Holdings LLC. Between April 18 2005 and December 20 2005 Mr. Farenhem was our Interim Chief Financial Officer. Prior to joining Royal Palm Capital from February 2002 through April 2003 Mr. Farenhem was Executive Vice President of Strategic Planning and Corporate Development for Bancshares of Florida and Chief Financial Officer for Bank of Florida. Bancshares of Florida is a multi-bank holding company that includes Bank of Florida. Previously Mr. Farenhem was an investment banker with Bank of America Securities from October 1998 to February 2002 advising on mergers and acquisitions public and private equity leveraged buyouts and other financings. Mr. Farenhem graduated from the University of Miami where he received his BBA in Finance. | 