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Daniel David

President, St. Claire Capital Management, Inc.

Mr. David is currently the President of St. Claire Capital Management, Inc. In addition, he is a principal of Pacific Assets Management, LLC, which is the investment manager of JMG Triton Offshore Fund Ltd., a British Virgin Islands Corporation. From the year 2000 - 2005 Mr. David was a principal of Zola Capital Management, LLC, which was the investment manager of Zola Investments, LP, a California limited partnership and Zola International, Ltd., a British Virgin Islands Corporation. In March 1992, he organized St. Claire Investments, L.P., a California limited partnership, which ceased operating in June 2001. From 1986 to 1992, he was an independent options market maker and broker-dealer trading his own capital. Mr. David was a member of the Pacific Exchange from 1984-2001. Before entering the securities business, Mr. David was a financial analyst for UNOCAL at its corporate headquarters in Los Angeles. Mr. David received a Bachelors of Science degree in Chemical Engineering from the University of Pennsylvania in 1976, a Masters in Engineering from the University of Washington in 1979, and a Masters in Business Administration and Finance from the University of Southern California in 1983. He currently resides in Ross, California with his wife and two children.