Arthur Lipper – Advisory Board Member

Mr. Lipper is an Investment Banker, Financier, Management Consultant, Author and Lecturer who has been affiliated with the international financial community for most of his career. His Stock and Commodity Exchange memberships have included: NYSE, American, Midwest, Pacific Coast, Detroit, Boston, Philadelphia, Bangkok, NY Comex and NY Futures Exchange. He has served as advisor to: Mid-America Commodity Exchange and Bourse de Beyrouth. He was the founder and CEO of Arthur Lipper Corporation where he developed the LIPPER Mutual Fund Performance Analysis service and is the co-founder and Chairman of New York & Foreign Securities Corporation. Mr. Lipper also serves as President of Communications Management Associates and is presently serving as an Officer, Director or Advisor to 22 companies.

Mr. Lippers writings include; Venture's Financing & Investing In Private Companies - A Guide to Understanding Entrepreneurs and their Relationships with Investors, Lenders and Advisors (Probus) 1988. The Larry and Barry Guide to Venture Funding 1984. A Venture's Guide to Investing In Private Companies (Dow-Jones Irwin) 1984. Thriving Up and Down the Free Market Food Chain - The Unrestrained Observations (and Advice) of a Business Darwinist (Harper Business) 1991. The Guide for Venture Investing Angels - Financing & Investing In Private Companies (Missouri Innovation Center) 1996 - now in 2nd printing. He is presently working on two new books.

Lipper has contributed the following Columns, Forewords, Chapters and Articles: Barron's, "Business Owner/Entrepreneur" column in the San Diego Business Journal, "Views of a Venturer" columnist for Pittsburgh's Executive Report and Women's News, The Franchise Advantage (1987), The Venture Magazine Complete Guide To Venture Capital (1987), Leadership: Making Things Happen (1986), Handbook for and Innovative Managers (1987), Executive Chess (1987), Beyond IBM (1989), Exceptional Entrepreneurial Women (1988), The Dynamos - Who Are They Anyway (1987), Knights and Knaves of Corporate Boardrooms (1989), Library of Investment Banking - Capital Raising & Financial Structure (1990) and to the Venture Capital Club Monthly, Association of Venture Founders Newsletter, Gifted Children Newsletter, Venture Magazine, Journal of Creative Behavior, Magazine of Artificial Intelligence in Finance, www.bizwiz.com/venvest/asklipp.htm Access Business OnLine Daily Newspaper, www.gifted-children.com. and Essential Elements To Business Success (1999)

Memberships and Affiliations that Mr. Lipper is presently involved with include:

N.Y. Stock Exchange Luncheon Club, Metropolitan Club New York, Foreign Correspondents Club of Japan, UCSD Chancellors Associates, Hollandase Club Singapore, San Diego Press Club, National Investor Relations Institute, Financial Analysts Society of San Diego, UCSD Faculty Club, Canadian Club of New York (ex Governor), San Diego Tijuana Sisters Society, Princeton Club New York.