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1. Business/Financial Overview Tel: 954/266-2700 Fax: 954/266-2701 1800 South Australian Avenue, Suite 102 (Branch Office) West Palm Beach, FL 33409 Tel: 561/689-1870 Fax: 561/689-0129 KEY PERSONNEL Mark L. Saltz, AlA, Principal Charles Michelson, AlA, LEED AP, Principal Arthur W. Dearborn, AlA, Vice President OVERVIEW Saltz Michelson Architects, an award winning architectural firm, provides a full range of architectural and planning services. Our commitment to professionalism and strong project management has allowed us to playa key role in the development of public and private projects. The services we offer are tailored to the unique needs of our clients and the specific requirements of the projects for which we are responsible. The firm, founded in 1976 by Mark L. Saltz, an architect and general contractor, has grown dynamically. Charles A. Michelson joined the firm in 1980 and became a principal in 1990. The combined knowledge and expertise of the entire O Saltz Michelson Architects TEAM ensures a consistent standard of design and quality for every project. In 2001, James M. Hartley Architects, a 45 year old firm, merged with Saltz Michelson Architects. Saltz Michelson Architects assigns a project manager to each project with the responsibility to coordinate all aspects of the project from design through construction and to keep the client informed on a continuing basis. The project manager reports directly to a principal who has direct involvement in all phases of the proposed work. The firm's success is based upon commitment to quality and ability to ensure continuity and proficient execution of the work. The principal in charge will remain with the project for its duration to provide the highest level of management and supervision within the firm. FINANCIAL STATE OF THE BUSINESS The financial state of Saltz Michelson Architects has been consistently strong over the years. We are planning to move our offices to a larger space early next year in order to keep up with the business' growth. Persons having financial interest in the firm are Mark Saltz and Charles Michelson (addresses are corporate headquarters as stated above). ANNUAL REVENUE FOR THE PAST TWO YEARS Annual Revenue (2005): $6,204,922 Annual Revenue (2006): $7,357,321 ~~ - o Charles A. Michelson, AlA, LEED AP Principal Auqust 21. 2007 Date . ..