Robert G. Burton  
   
  Robert G. Burton is Chairman, President and Chief Executive Officer of the Burton Management Group, LLC (“BMG”). Through December 2002, Mr. Burton was the Chairman, President and Chief Executive Officer of Moore Corporation Limited (NYSE, TSX: MCL), a $2.1 billion printing company. Mr. Burton is known for his intense focus on customers and increasing shareholder value. In addition, he is committed to delivering EPS growth, improving margins and creating operational synergies. During his tenure at Moore, Mr. Burton generated an annual internal rate of return (“IRR”) of 517% and a multiple of 5.6x on invested capital. He has never missed a quarter or annual EPS budget in his entire business career.

Mr. Burton led Moore through a dramatic turnaround. Costs were significantly reduced, top tier management talent was recruited, the company leveraged its size to reduce its purchasing expenses and revenue was increased through the formation of a corporate sales team to cross-sell the company’s various print related products.

Mr. Burton’s prior experience includes leading former Kohlberg Kravis Roberts & Co.’s portfolio company, World Color Press, Inc. (“World Color”), where he was Chairman, President and Chief Executive Officer of the $2.56 billion dollar NYSE listed company. During his nine-year tenure as the senior executive, Mr. Burton led the dramatic turnaround of World Color, culminating in the merger of the company in the fall of 1999 with Quebecor Printing, Inc. creating the world’s largest and most profitable printing company, Quebecor World, Inc. From 1996 to 1999, World Color generated an IRR of 118% and a multiple of 21.8x on invested capital.

Prior to leading World Color, Mr. Burton held a series of senior executive positions at Capital Cities/ABC, including President of ABC Publishing where he was instrumental in turning around its operations from a loss to a major profit contributor. Mr. Burton has also held senior executive positions at CBS and IBM.

Mr. Burton received his BS Degree from Murray State University and his MA Degree from Tennessee Technological University. Mr. Burton has been awarded honorary doctorates from the University of Connecticut and Murray State University.
 
 
Randy L. Christofferson  
   
  Mr. Christofferson is the former President of First USA Bank, a wholly owned subsidiary of Bank One Corp., and the world’s largest provider of credit cards with more than $70 billion of managed loans outstanding and more than 56 million card members. Mr. Christofferson is a former senior executive of American Express Company, serving most recently as President of American Express Relationship Services where he was responsible for five separate operating units. Prior to American Express, he was Senior Vice President of Worldwide Quality and Re-engineering for American Express Travel Related Services corporate. Mr. Christofferson’s career also includes positions as Bain & Co. and Proctor & Gamble. He received his M.B.A. from Harvard Business School and his B.S. from Michigan State University.
 
 
Robert M. Clements  
   
  Mr. Clements is Chairman and Chief Executive Officer of EverBank Financial Corp, the holding company for EverBank.  Mr. Clements joined the company in 1994 and has served as the President and Chief Executive Officer of EverBank Financial Corp since its formation in 1997.  He was previously a Vice President of Merrill Lynch & Co., where he was a member of the firm's leveraged buyout group, Merrill Lynch Capital Partners, Inc.  Mr. Clements is a former director of Columbia National Mortgage Company.  He received an M.B.A. from Harvard Business School and a B.A. in Economics from Dartmouth College.
 
 
Ronald H. Cordover  
   
  Dr. Cordover is currently Chairman and principal owner of Corber Corporation, a private investment company he founded in 1986.  In 1988, Corber acquired the Berkline Corporation, where he served as Chairman and Chief Executive Officer from 1988 to 1994.  During Mr. Cordover’s term as Chairman, he grew the company from approximately $80 million to more than $200 million.  Dr. Cordover is a governing board member of Arena.
 
 
James Donald  
   
  Mr. Donald was Chairman, President and Chief Executive Officer of Pathmark Stores, Inc. Mr. Donald has also held senior executive positions at Safeway, Albertson's and Wal-Mart.
 
 
Paul E. Francis  
   
  Paul Francis is the Managing Partner of the Cedar Street Group, which he founded in 2001. Mr. Francis was the Chief Financial Officer of priceline.com from the company's formation in June 1997 to March 2000. From March 2000 to January 2001, Mr. Francis served as Chief Operating Officer of Priceline WebHouse Club. Prior to joining priceline.com, Mr. Francis was Executive Vice President-Finance and Administration and Chief Financial Officer of Ann Taylor Stores Corporation from 1993-1997. From 1986-1993, Mr. Francis was a member of Merrill Lynch Capital Partners, the leveraged buyout group of Merrill Lynch & Co., leaving as a Managing Director in 1993 to join Ann Taylor. From 1980-1983, Mr. Francis was an associate with the law firm of Shearman & Sterling and from 1983-1986, he was an associate with the law firm of Skadden, Arps, Slate, Meagher & Flom.

Mr. Francis graduated from Yale University with a B.A. in 1977 and from the New York University School of Law with a J.D. in 1980. He serves on the Board of Trustees of New York University and the New York University School of Law. Mr. Francis serves as CSG's representative to CSG portfolio companies, Impulse Radio, ProfitLogic and Saturn.
 
 
Robert C. Grayson  
   
  Mr. Grayson is the former President of Limited Stores and the former Chief Executive Officer of The Limited Lerner Division, which, under his leadership, went from an unprofitable company to a billion dollar operation.  In 1992, he formed his own business consulting company, Robert C. Grayson & Associates, Inc.  From 1992 to 1996, he was Vice Chairman of Tommy Hilfiger Corp., and is currently a director of Ann Taylor Stores Corp., Lillian August, and Redington, as well as a Chairman of Berglass-Grayson, a management consulting and executive recruiting firm.
 
 
Gregory W. Harper  
   
  Gregory W. Harper is President of My Publisher, a company he was instrumental in transforming from an offline printer into the only company providing online custom, high quality, low volume custom photo book publishing. Mr. Harper is also President of Cerberus Corp., a firm dedicated to assisting businesses develop and implement new visual and aural communication technologies. Through Cerberus Mr. Harper serves as Senior Strategic Advisor to the Chairman of Trans World Entertainment (TWE), the largest mall-based retailer of music and video in the United States. For TWE Mr. Harper has been a key player in the development of digital media strategy and was instrumental in the development and deployment of the Listening and Viewing System (LVS) that allows shoppers in FYE stores to sample both audio and video content. Mr. Harper is an Executive Partner and CTO of Arena Capital, specializing in technology and education related investments. Mr. Harper serves on the board of IEC, the International Education Corporation, and on the advisory boards a number of Arena portfolio companies. As designer of software systems ranging from distance learning systems to digital media production systems, Mr. Harper has been awarded eight U.S. patents in the area of interactive digital video, and has four other patents currently pending. Mr. Harper is a recognized futurist who is currently focusing on digital imaging, voice over IP, wireless personal information devices, and rich media. Mr. Harper continues a long standing relationship with Microsoft, working closely with them in the area of streaming media and digital imaging as well as the .NET initiative.

Previously Mr. Harper was co founder of Next Venue, a spin-off of CNBC Dow Jones Business video, a joint venture of NBC, Dow Jones and Microsoft where he was Chief Technologist. Mr. Harper has been a long time advisor to major Wall Street firms in the area of emerging technologies. Mr. Harper’s prior endeavors include: President of Technology of ACTV; President and Founder of Com/Tech Communications Technologies; President of Antiope and Telematics; Producer of many syndicated TV shows both in the US and abroad and US representative to various US and international standards committees. He is a graduate of Amherst College and lives in New York City with his wife and son.
 
 
Robert B. Knutson  
   
  Mr. Knutson is a founder, Chairman and CEO of Education Management Corporation ("EDMC"), one of the largest private education systems in the United States, and a publicly owned company. EDMC’s education institutions offer doctoral, master’s, bachelor’s, associate’s and non-degree programs at 42 main campus locations in 26 major cities in North America, with a total current enrollment of approximately 42,000 students. EDMC’s academic programs are concentrated in the creative and applied arts, behavioral sciences, education and business fields. Mr. Knutson is a graduate of the University of Michigan (B.A. with honors in Economics, 1956). He became President of EDMC in 1971, and Chairman, President, and CEO in 1986. He formerly was a Vice President with J. P. Morgan in New York, and a Vice President with Drexel Harriman Ripley, New York. He served as a fighter pilot with the United States Air Force from 1957 to 1962.
 
 
Miryam L. Knutson  
   
  Mrs. Knutson is a graduate of the Universidad del Zulla, Venezuela B. A., Journalism 1965. She was a director of the Washington, D.C. School for Secretaries, a division of BOC/Airco, 1973 to 1982; President of Bauder College, a division of National Education Corporation, 1982 to 1984; joined Education Management Corporation in 1984; President of The Art Institute of Dallas, 1985 to 1987; President of The Art Institute of Fort Lauderdale, 1987 to 1988; President of Education Management Corporation, 1988 to 1996; Vice Chairman, Education Management Corporation, 1996 to 1998; member of the Board of Directors of Education.
 
 
Bruce W . Krysiak  
   
  Mr. Krysiak is Chairman of two Arena investments, Susser Holdings and La Dove Inc. and a Director of EduNeering Inc. In addition , he is a director and investor in various retail, B2B Internet, medical management, and amusement vending companies. Mr.Krysiak has been in mass market retailing as President and COO of Circle K, Dollar General, and Toys 'R' Us. Previously, he was Chairman of RPA, an international consulting firm, Chairman of the Russian-American joint venture, Giant, and CEO of a regional supermarket chain. Earlier in his career, he was a Senior Officer with the Southland Corporation. He holds a combined BS/MBA from Cornell University and is a former member of YPO.
 
 
Robert J. Mylod, Jr.  
   
  Mr. Mylod is the Chief Financial Officer of priceline.com. Previously, he was a Principal with Stonington Partners, Inc. He has worked closely with the founding partners of Arena for more than 15 years.
 
 
Pamela H. Patsley  
   
  Pamela H. Patsley is senior executive vice president of First Data Corporation, and president of First Data International. Ms. Patsley has executive management responsibility for all global activities within the card issuing and merchant services businesses of First Data, outside of the United States of America.

As a seasoned executive in financial services, Ms. Patsley is well suited to lead and consolidate First Data’s expansion into key international markets.

Ms. Patsley was formerly president of First Data Merchant Services, the merchant transaction processing arm of the business. In this role Ms. Patsley was instrumental in the growth of the merchant segment, which now accounts for one third of FDC’s revenue and $1.4 billion in sales transaction volume processed each day.

Prior to joining First Data, Ms. Patsley served as president and chief executive officer of Paymentech and was a founding director of the company. She guided the effort behind Paymentech’s initial public offering in March 1996 and led the company through 15 years of double-digit growth resulting from new business and strategic acquisitions until the public shares were purchased by First Data in 1999.

Ms. Patsley began her payment industry career as a founding officer of First USA, Inc. when it was established in 1985 and was chief financial officer of the parent company from 1987 to April 1994. Prior to that she was with KPMG-Peat Marwick for almost six years

Ms. Patsley also serves on the board of directors of Adolph Coors Company, Pegasus Solutions, Inc. and Tolleson Wealth Management, Inc. She serves in a leadership capacity for several civic and cultural organizations, including the Board of Governors & Trustees for the Southwest Region Boys and Girls Clubs of America. Ms. Patsley is also a member of the Young President’s Organization.

Ms. Patsley holds a B.S. Business Administration in accounting from the University of Missouri.
 
 
William G. Shrader  
   
  Mr. Shrader is President and Chief Operating Officer of Main Street and Main Inc., the world’s largest operator of T.G.I. Friday’s restaurants. Previously, Mr. Shrader was Senior Vice President of Marketing for Tosco Marketing Company. Mr. Shrader also held several positions at Circle K Stores, Inc. Mr. Shrader began his career in 1976 at The Southland Corporation and departed in 1992 as National Director of Gasoline Marketing.
 
 
Richard W. Vague  
   
 

Richard Vague is co-founder and Chief Executive Officer of Juniper Financial, a direct consumer credit card bank with $1 billion in consumer loans and 500,000 customers.  He also serves on the Mastercard Board of Directors.

Prior to that, Vague was co-founder, Chairman and CEO of First USA, a credit card company that grew from a virtual start-up in 1985 to the largest VISA credit card issuer in the world with 57 million credit cards issued, $70 billion in loans, and more than 20,000 employees.