ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
On May 15, 2015 Martin R Nason resigned as President, Treasurer & CFO and CEO.
On the same day the Board of Directors appointed current Board Chairman Terry
Neild as CEO, Robert Egeland as President, Michael Schifsky as Treasure & CFO
and Leonard Braumberger as Chief Technology Officer. Mr. Egeland, Mr. Schifsky,
and Mr. Braumberger all accepted their appoints without compensation terms.
Mr. Schifsky is a seasoned professional with over 30 years of financial and
operational management experience and has served in CFO positions with both
public and private companies. His background includes significant roles in large
established public companies as well as mid-sized rapid growth enterprises where
he gained critical experience in leadership, organizational development, mergers
and acquisitions, SEC reporting, Sarbanes-Oxley compliance and corporate
governance.
Successes include a key role in the early phase of an aggressive yet disciplined
acquisition program that propelled Airgas, Inc. from a $200 million company to
what is today a highly successful $5 billion NYSE traded industrial gas company.
As a CFO, he has played critical roles in the successful growth of closely held
and private equity backed organizations in the manufacturing and distribution
industries. He has also served in consulting and advisory roles for such notable
companies as Apollo Group, Amcor Limited and American Express where he assisted
in the spin-off of its $7.5 billion financial services business, Ameriprise
Financial.
Mr. Schifsky began his career in the Philadelphia office of Ernst and Young, an
international public accounting firm where he earned his CPA. He holds a B.S. in
Accountancy form Villanova University.
Robert Egeland is recognized as an industry leader in consumer direct marketing
and advertising in the financial and banking industries. He has over 20 years
experience in building entrepreneurial companies from the ground up. During his
career in the highly competitive Chicago area mortgage industry, he set record
profits and increased the profitability of each organization he was involved
with, either as an executive or owner. He earned industry accolades, awards for
broker of the year and created the top volume company with FHA over an
eight-year period.
Mr. Egeland has managed and been responsible for the success of hundreds of
people and thousands of clients. He brings a keen sense of future business needs
with a practical understanding managing teams, groups and individuals.
Leonard Braumberger is a 32-year veteran of communications, advertising and
marketing, media and technology. He has worked with numerous companies, both
public and private, to develop their online strategies at the management level
and in helping shape the forward direction of their systems, software and
platforms. He has contributed to several Software As A Service companies,
designed and constructed real time online trading platforms, designed and
deployed news and information portals, blogs and social media sites, and most
recently lead the development of online educational software for iCrave
Interactive Productions UK.
Over his career, Mr. Braumberger has worked with national and international
media companies, agencies and public relations firms at the senior level. He has
also owned his own advertising agency and been directly responsible for
multi-million dollar advertising and direct marketing campaigns.
Leonard Braumberger is conversant in current web trends, social media concepts
and has a thorough understanding of the technology driving today's leading
social, search and common information networks. He is also an award winning
graphic designer.
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