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Mr. McDermott has been our executive vice president, treasurer, chief
financial officer and a director since July 2004. Since 1998, he has served as a
vice president of Ryan Capital Management and has acted as financial advisor for
numerous business ventures. From 1977 until 2005 Mr. McDermott was the chief
financial officer and a director of Charan Industries, Inc. Charan Industries
owned and operated over 100 locations in the United States, which included
recreation businesses, shopping centers, apartment buildings, and office
buildings. In addition, Charan Industries, Inc. was involved in manufacturing
joint ventures in China. From 1971 to 1977 Mr. McDermott served as domestic and
international subsidiary controller for a division of Nabisco Inc., a Fortune
100 Company. From 1968 to 1971, he was a senior accountant for Price Waterhouse
& Co. Mr. McDermott is a Certified Public Accountant and is a director of a
number of privately held companies. | 