Jerome B. Richter

Jerome B.
Richter, aged 68 years, has been the Chairman & Chief Executive Officer of the company since October 1996.
He founded the Company and served as its Chairman of the Board and Chief Executive Officer from the date of its organization in August 1992 to December 1994, when he resigned from such positions and became Secretary and Treasurer of the Company.
He resigned from such positions in August 1996.
Effective October 1996, Mr. Richter was elected Chairman of the Board, President and Chief Executive Officer of the Company.
During May 2003, Mr. Richter resigned from his position as President of the Company upon the election of Mr. Shore to such position.