Value From Market Knowledge

In addition to Mr. Senkevitch, who serves as the Chairman of the Company's Board of Directors, the Company's Board consists of the following independent directors, who will assume thier duties on July 1, 2014:


*Harold J. Raveche, PhD  is President of Innovation Strategies International, LLC (www.innostrategies.com)  with projects in Asia, Latin America and India. Dr. Raveche serves as Founding Board Director of Vision Technology Systems (www.vt-systems.com) , the U.S.
Division of Singapore Technologies and Founding Director of Biogen (www.biogendr.com
 which manufactures patented technology that converts biomass to synthetic gas for production of electric and thermal energy. He was previously President of Stevens Institute of Technology, an innovative global institution of higher learning based in Hoboken, NJ.


*Allen Boston, CPA is a retired Ernst & Young partner, spending 36 years in the firm’s Baltimore, New York and Americas practices, serving a wide range of clients in diverse industries, including real estate and construction. He has served as member of several non profit boards, associations and advisory boards, including the Maryland and New Jersey State Societies of CPAs and on the executive council of the American Institute of CPAs.


*Norman Melnick is a retired inventor, entrepreneur and investor. He was formerly the CEO of Penntech, Inc. which he founded, took public and sold in the early 1990’s. Mr. Melnick was an early adopter of outsourcing manufacturing to China.


*Michael J. Petersen Esq. is a partner in the law firm Shulman, Hodges & Bastian, LLP of Irvine, CA. He has served as corporate counsel for Prudential Financial and its various subsidiaries. After Prudential, he served as general counsel to Newport Financial and its subsidaries. Shulman Hodges & Bastian currently serves as counsel to the Company.



*Larry Newman, PhD  is Co-Executive Director of the Executive Center for Education and Development at Rider University and was formerly the Dean of Rider’s College of Business Administration. As Dean, he worked with his colleagues in the initiation of centers of excellence in Leadership, International Business, Business Forensics and Entrepreneurial Studies as well as the Executive Center for Education and Development in order to advance the partnership between higher education and the business community. In addition, he was instrumental in defining and executing a strategic vision that resulted in maintaining the College’s prestigious accreditation for both the business and accounting programs.


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