GERALD M. CZARNECKI Chairman and CEO, The Deltennium Group Mr. Czarnecki has had a diverse career as a "change agent" with a broad variety of responsibilities, in a range of different industries, which gives him unique insights into the transforming of corporate America and the “hands-on” experience to bring leadership to companies in need of significant change. His diverse work experience couples detailed knowledge of retail merchandising, consumer banking, retail financial services, and operations and technology with management assignments as general manager, chief financial officer or chief executive officer of troubled, turnaround or crisis situations. His most recent business activities include investments in new ventures and other operating companies primary in retailing and franchise operations. The Deltennium Group, through an affiliate, Deltennium Capital, Inc., has investments in a number of mid-stage ventures primarily focused in retailing, financial services and technology. Another Deltennium affiliate, Deltennium Corporation owns Deltennium Clips, Inc., which operates franchised hair salons doing business as Great Clips; and Great Clips Mid-Atlantic, Inc, operates as a regional franchisor for the Mid-Atlantic Region which includes operations in Washington, DC and the states of Virginia and Maryland. In addition, The Deltennium Group also owns We The People Mid-Atlantic, Inc., which operates retail paralegal services outlets in the Baltimore, Washington and Northern Virginia, Florida, San Diego, California, and Honolulu, Hawaii. Another investment, Renaissance Inc., which is a charitable trust administration company where Mr. Czarnecki for a period functioned in a “change management capacity” and now remains as Chairman of the Board following the appointment of a successor CEO. Mr. Czarnecki currently also conducts seminars designed to help what he calls “work leaders” to achieve peak performance. His term “work leaders” refers to those leaders in organizations who have the responsibility of getting the work out day-in-and-day-out. He focuses his attention on helping first and second line operating management lead people rather than just administer or manage processes. His most popular seminar, “You’re In Charge…What Now?” provides leaders with seven principles for peak performance, all of which tie to the mnemonic “Leaders.” His book of the same title is available through this web site or at Amazon.com. Mr. Czarnecki also conducts public seminars for individuals on change management in both their personal and professional lives. In addition Mr. Czarnecki speaks frequently on the subject of corporate governance as a faculty member of the National Association of Corporate Directors. Prior to forming the Deltennium Group, Mr. Czarnecki was President of UNC Incorporated, a diversified aerospace and aviation company engaged in manufacturing, after market services and military outsourcing services. While at UNC, which had previously experienced serious performance losses, Mr. Czarnecki transformed the focus of a product and technology based organization to that of a customer oriented and service focused organization. His commitment to effective measurement of "value creation" for the shareholders, associates and customers was the basis of a redesigned management system premised on disciplined strategic marketing, continuously improving operations and customer centric management focused on creating shareholder value. In 1993 Mr. Czarnecki was part of the team recruited by Louis Gerstner to begin the turnaround of IBM Corporation. Serving as an IBM Senior Vice President Mr. Czarnecki, as Chief of Staff, had worldwide responsibility for human resources, real estate services, quality programs, non-manufacturing procurement, aviation and a wide range of other staff functions. Among those broad responsibilities was the management of the corporate wide reengineering project which was targeted at the complete redesign of the business processes across all business units in what has become referred to as a "clean sheet" approach to systems and process reengineering. This effort required the coordination and project leadership across all research and development, manufacturing, marketing and distribution functions as well as all staff support and information technology activities. Prior to joining IBM, Mr. Czarnecki held a number of executive positions in the retail banking and consumer financial services industry, most recently as Chairman of the Board and CEO of Bank of America Hawaii. In 1987 he joined an investor group headed by former U. S. Treasury Secretary William E. Simon and became Chairman, President & CEO of Honfed Bank in Honolulu. This consumer bank was among many that had failed during the thrift crisis of the 1980's. Through his leadership, and the substantial efforts of the partnership, the bank achieved superior levels of profitability as a result of successful market share increases, dramatic increases in total revenues and dramatic decreases in overhead and other operating expense. While Chairman of the bank, Mr. Czarnecki achieved enhanced growth of the retail customer base through a commitment to the execution of mass retail merchandising techniques and an uncompromising commitment to customer service. Recognizing the importance of community involvement to positioning the consumer bank, he also by significantly enhancing the visibility of the consumer franchise through substantial personal commitments to community activities that may have been best evidenced by his being elected to an unprecedented two terms as Chairman of the Hawaii State Chamber of Commerce. Following the bank's sale to BankAmerica Corporation in 1992, Mr. Czarnecki continued as Chairman & CEO. From 1984 to 1987 he served as President & CEO of Altus Bank, a Consumer and Mortgage Banking company. This company had retail operations in banking, mortgage banking and had several subsidiaries, one of which was the largest residential housing developer in Mobile, Pensacola and New Orleans. From 1979 to 1982 Mr. Czarnecki was Executive Vice President, Finance & Administration at Republic Bank Houston and in 1982 he was appointed Senior Vice President Finance of RepublicBank Corporation and in 1983 he was appointed Executive Vice President of the company. Between 1968 1979 he held various general management posts beginning at Continental Bank of Chicago culminating with the assignment as deputy General Manager of the Trust & Investment Services Department. Mr. Czarnecki holds a B.S. in Economics from Temple University, and M.A. in Economics from Michigan State University' a Doctor of Humane Letters from National University and is a Certified Public Accountant. He has been a frequent speaker at industry meetings, has written many journal articles on general management activities and has been an adjunct professor at DePaul University, University of Houston, Rice University, the University of Hawaii and Southern Methodist University. He serves on a number of company Boards of Directors and serves as Chairman of the Audit Committee of the largest insurance company in the world. In addition he has been a long-standing advocate for improving the learning experiences of youth and has also been committed to enhancing life-long learning for adults through a variety of not-for-profit organizations.