To: Evan who wrote (1176 ) 11/13/2002 9:06:17 PM From: Evan Read Replies (4) | Respond to of 1453 NEW CEO : The Board of Directors is pleased to announce that Timothy J. Minard has accepted the challenge to join the company as Chief Executive Officer. Mr. Minard has a history of success in business and has received numerous achievement awards. º Joined Information Solutions, Inc. in 1991 and was soon named Vice President growing the company from $80,000 in revenue to approximately $7 million in revenue in 1995 and six national locations. º In 1996, Minard acquired a temporary staffing firm, EPIC Recruiting, and became CEO; by expanding its services into a fully integrated and outsourced recruiting solution Minard upgraded the profits by approximately 300% for three consecutive years. º In 1997, formed a human resources outsourcing and professional employer organization (PEO) division, EPIC Staff management, which achieved revenues of $3 million in the second year; EPIC received several achievement awards. º In 1999, Minard merged his two companies with SCI International, a human resources outsourcing company; the merger established the combined company as one of the largest privately held human resources outsourcing companies in the world resulting in combined revenues of $450 million. He served as a Board of Directors member, CEO of the Recruiting division, and Executive Vice President and chairman for their e-business initiatives. º In 2000, he founded Minard Ventures, a venture capital firm, providing early stage financing for technology and innovative companies. º In July of 2000 Minard joined TradeUps, Inc., a provider of disposition chain management solutions, as CEO. Under his leadership the company raised $8 million of venture capital, eliminated $2 million of debt, signed up several major firms including Dell, HP, IBM, Gateway, Epson, Kodak, Ricoh, Lexmark, amongst others to utilize their services and grew gross profit from $15 thousand to approximately $2 million within two years. Minard also led the merger of TradeUps with another disposition firm, making the combined entity one of the larger disposition management companies with gross revenues of approximately $20 million. º Mr. Minard has been recognized as a top business leader by several publications. He is a member of the advisory board for the Atlanta Chamber of Commerce, as well as an advisor to several private and public companies. He is also involved with several charitable organizations.