Robert J. Cresci, Chairman of the Board

Mr. Cresci has more than 30 years of investment experience that includes more than thirteen years as an investment banker and nineteen years as an investment manager analyzing and completing financings in a broad range of industries. In 1985 Mr. Cresci began the convertible securities management group for Alliance Capital Management, a very large money management firm where he co-managed a portfolio of public and private convertible investments that eventually totaled more than $350 million. In 1990 he formed Pecks Management Partners Ltd. (www.pecks.com) to provide convertible securities money management services to pension funds and foundations. By the mid-‘90’s Pecks assets under management totaled more than $1.3 billion.Mr. Cresci holds an MBA in finance from Columbia University and a BS in Engineering from the United States Military Academy at West Point. Mr. Cresci currently serves on the boards of Luminex Corporation, j2 Global Communications, Inc., and several private companies.