DEVELOPMENT & OPERATIONS MANAGEMENT TEAM

Mr. Joel Meisel began his real estate career in 1962. He initially operated residential construction companies under the names American Home Builders and Meisel Construction Company. In the early 1960s, his primary focus was on building housing subdivisions. In 1967, Mr. Meisel and Barry Cohen formed Meisel & Cohen Properties, a commercial real estate investment and management firm dedicated to developing commercial properties in the Baltimore-Washington metropolitan area. He has been involved in virtually every aspect of commercial real estate development, investment, management, leasing and financing.

Mr. Meisel has developed a portfolio of office buildings, retail centers, marinas and hotel properties as well as industrial and research and development centers. Mr. Meisel's professional experience extends to the Baltimore-Washington region's banking industry where he has served as founding member, shareholder, director and chairman of the board for several local and regional banks. In 1995 Mr. Meisel formed WorldWide Parking Inc. where he serves as the Chairman of the Board of Directors and is the majority stockholder of the company.

Mr Marc Meisel has been involved since 1995 as a CEO, COO, President and Board Member of several Meisel Holdings operating companies. He oversees overall operations including contracts, proposals, joint ventures, subsidiaries, management oversight, strategic planning, marketing and development for the Company. Marc has additionally been involved in the banking industry and has held positions on several banking committees as well as served as a board of director.

Mr. Saturn has worked for Meisel Holdings and its affiliated companies for more than 25 years. His responsibilities include coordinating all aspects of real estate finance and acquisitions. Mr. Saturn is experienced in every type of real estate and has been extensively involved in over $500,000,000 worth of real estate transactions covering office buildings, marinas, shopping centers, hotels, mobile home parks, warehouses, and golf courses.

Mr. Wilson has been the Director of Marina Operations for the Meisel-managed marina properties since joining the Company in 1981. He is responsible for the overall management of marina policies, management, regulations, budgets, operations, training, maintenance, expansion, short and long range planning, marketing and other administrative/supervisory direction of activities of the marina and related facilities.

Mr. Wilson joined Meisel Holdings in 1985 and is in charge of the development of new commercial and residential projects as well as major renovations. He is responsible for all aspects of general contracting, job planning, review and execution of consultant contracts, budget development, cost tracking, scheduling and overall project management. Steve's experience spans the development of award winning exclusive high-end residential communities to the planning and construction of commercial office, industrial and retail parks.

Ms. Patton has been a financial analyst for Meisel Holdings since 1976. Her primary responsibilities include performing financial analysis and creating operational budgets and forecasts for all operational real estate properties including resort hotels, restaurants, marinas and mobile home park activities.