|
Mr. McReynolds is the Chief Strategy Officer and a Principal of July, a financial services company. Mr. McReynolds is also an investment committee member of London-based Plutus Capital Management, LLP. Its most recent fund (Transeo - $500M) deploys hybrid, multi-industry global investment strategies that are at the intersection of Hedge Fund and Private Equity investing. He is also a director and partner of Velocity Advisors, Inc. a buyout advisory and investment firm. Mr. McReynolds is managing director of DGC Holdings, LLC a holding company and private investment and consulting firm which he founded advising senior management and directors of global companies in North America and Europe through all stages of acquisition and value-creation. Plutus Capital purchased 1000 units of securities from us in December 2006 for an aggregate of $1.0 million ($1,000 per unit), with each unit consisting of one share of our Series B Preferred Stock and one warrant to purchase 300 shares of our common stock, and purchased 16,667 shares of our Series C Preferred Stock for an aggregate of $16,667 ($1 per share) and loaned us $51,667 in August 2007, for which we issued a promissory note. . | 