Phoenician Industries Summary Continued

• Real Estate Development – founded a commercial real estate development company with primary focus on neighborhood shopping centers. Before merging with another firm, the company developed over 2 million square feet of income property during 5 years of operation; founded a single purpose company to construct and operate a 25 million gallon per day water purification facility as a privatized water service contractor to City of Scottsdale, Arizona; founded a second real estate development and investment company with substantial experience in land use, planning and zoning, and development with portfolio holdings at approximately 250 million dollars with such projects as: Scottsdale Water Treatment Plant; Lake Pleasant Harbor Marina 1200 boat, high quality private facility; Scottsdale Portales: a 40-acre 300 million dollar mixed-use development in downtown Scottsdale, Arizona; Shooters World: one of the largest shooting range, firearms and retail sporting goods facility of its kind in Phoenix, Arizona; acquisition and remodeling of Park Central Mall in Phoenix, Arizona; founded in 1996 a real estate management and development company located in Kiev, Ukraine (one of very few successful western private companies in the country), specializing in remodeling and conversion of pre-revolutionary communal apartments to western standard residences
• Consulting and Legal Work – financial and business consulting for private industry and state and local government including transaction negotiation for major real estate projects; negotiated and structured the first commercial land lease for Arizona State Land Department; real estate evaluation for Harvard University (Poland): work related to residential development for Egyptian Army

Page Three of Summary