Alpha Capital

Mr. Kalnow has worked on over 50 private equity transactions during his more than twenty years in private equities and finance. As its founding general partner, Mr. Kalnow led the investment activity on Alpha Capital's first fund which has achieved first quartile performance on a portfolio of 17 investments. Mr. Kalnow's skills in strategic and financial planning can be called upon in his frequent role as director or advisor to private companies, where he has served on boards of more than a dozen companies. In addition to his work with Alpha Capital, Mr. Kalnow has had substantial involvement in private equities with Calg Corporation, a family investment firm. He was a vice president and unit manager at The First National Bank of Chicago prior to founding Alpha Capital. Mr. Kalnow received his BA magna cum laude from Lawrence University and holds an MBA from Babson College.

Mr. Goff has been active in the private equity, corporate finance and merchant banking fields since 1983. Mr. Goff has held partnership level positions in three Midwest focused private equity firms including Doan Associates, MBW Venture Partners, and Merchants Capital Corporation (co-founder). Mr. Goff has broad experience in management buyouts, recapitalizations and growth equity financings in light manufacturing, distribution and service businesses and has served on over a dozen company boards. Immediately prior to joining Alpha Capital, Mr. Goff operated his own financial advisory services business, providing growth and/or acquisition capital advisory services to middle market companies. Mr. Goff received his BA magna cum laude from Alma College and is a registered CPA.

Mr. Stark joined Alpha Capital in September 1999. Prior to joining Alpha Capital, he worked for two years in the investment-banking group of CIBC Oppenheimer in Chicago. Before CIBC Oppenheimer, he worked in the Financial Advisory Services Group of Ernst & Young LLP in Chicago. He received a BBA summa cum laude in finance from the University of Minnesota and an MBA from the University of Illinois. He is also a Chartered Financial Analyst.

Mr. Rose is a principal at Alpha Capital and works with the firm in his specialty area (financial services), while continuing to serve as president of McAllen Capital Partners, Inc. He has been a financial services executive, advisor, strategist and investor for over 26 years. Over the last eight years, he led investors in five turnaround banks, advised in two recapitalizations, and established three de novo institutions. During this period he also restructured and/or sold four banks for F.N.B. Corporation, a regional multi-bank holding company, while functioning as executive officer in charge of community banking. Prior to 1992, Mr. Rose was president of a venture capital firm specializing in bank turnaround investments; SVP of Corporate Finance and Strategic Planning at LaSalle Bank in Chicago; and an investment banker at William Blair & Co. In October 2002, he completed a 15 month assignment as CFO of Bay View Capital Corporation (NYSE: BVC), a successful portfolio company investment of Alpha Capital Fund III.

Mr. Vos is a member of Alpha Capital's CEO Advisor Group and also serves part-time on the general partner staff as Senior Advisor. Mr. Vos is available to serve as an interim CEO or CFO with companies in which Alpha Capital makes new investments, or those portfolio companies that may require management changes in the future. Mr. Vos currently is a management consultant providing strategic and financial advisory services to small and middle market companies. He serves on the boards of several privately held companies and not for profit organizations. Mr. Vos has had a long and notable career in corporate finance and banking. In his over three decades with First Chicago, he held senior management positions in corporate and merchant banking in Switzerland, Singapore and three locations in the U.S. At Bank One Corporation, the successor to First Chicago, he served as Executive Vice President and Head of Treasury Management Services. Mr. Vos received an MBA from the Kellogg School of Management and a BSBA in Economics from Northwestern University.

Mr. George has been an active member of Alpha Capital's CEO Advisor Group and serves as Chairman of Fund III's CEO Advisors. A former CEO of three significant retail companies, Mr. George has a wealth of experience in the consumer sector. Mr. George spent much of his distinguished career with various operations of the Jewel Companies, Inc., a multi-billion-dollar grocery and drug store chain headquartered in Chicago. He began with Jewel Cos. in 1962 and rose to the position of executive Vice President in charge of accounting, treasury, and informational systems. From 1979 to 1988 he served as president and CEO of Osco Drug, Inc., a subsidiary which operated 680 stores in 1988 and had sales in excess of $3,000,000,000. In 1989, Mr. George founded and served as initial Chairman and CEO of Ulta 3 Cosmetics & Salon, Inc., a specialty retailer oriented to the personal care needs of the contemporary woman. Mr. George received his undergraduate and masters degrees from the University of Illinois and obtained a CPA following graduation.

Mr. Cook brings a combination of operating company experience and work in the venture capital business. Mr. Cook was with NCR Corporation for twenty-two years, during which he served in nearly every functional area and was a General Manager of its Sunnyvale (CA) Operations. He was a founder of a high tech company later sold to Anacomp, Inc. For the past ten years he has been active in the venture capital industry either as an investment manager or as consultant to several venture firms. He has been affiliated with Alpha Capital since October 1991, and currently is focused on working with the Miami Valley Venture Fund affiliate of Fund II. Mr. Cook received a BS in Mechanical Engineering from Cornell University and was awarded an MBA with High Distinction from Harvard Business School.

Mr. Lewis is a member of Alpha Capital's CEO Advisor Group and also serves part-time on the general partner staff as Senior Advisor. As a Senior Advisor over the past two years, Mr. Lewis has worked closely with the Alpha team on deal origination, due diligence and consultation with portfolio company management. Previously Mr. Lewis was vice president, general manager of the two largest operating units at Babson Bros. Co., a $100 million private company serving the dairy farm industry. Prior to joining Babson Bros. Co. in 1991, Mr. Lewis was a founder and served as president of CarCare Enterprises, a twenty-two store automotive service business and a successful Alpha Capital portfolio company. Before that, Mr. Lewis was a strategic business unit manager and division general manager for twenty two years with FMC Corporation. Mr. Lewis received an MBA from Harvard Business School and a BS in Chemical Engineering from the University of Pennsylvania.

Mr. Konieczka has been a Senior Advisor with Alpha Capital since January 2005. Mr. Konieczka has over 18 years of experience in executive management positions with manufacturing companies domestically and internationally. Mr. Konieczka was the CEO of DeVlieg Bullard II, an aftermarket and machine tool producer serving a variety of metal cutting markets. Prior to DeVlieg Bullard, Mr. Konieczka was the President of Klemp Grating, a metal grating manufacturer with five plants in the United States, one in Mexico and a joint venture in China. Mr. Konieczka also served as the Director of Manufacturing and part owner of Dynacircuits Mfg., a printed circuit board manufacturer serving the automotive and electronics industries. Mr. Konieczka has broad experience in manufacturing operations, sales and marketing functions, union negotiations, mergers/acquisitions and bankruptcy turnarounds. Mr. Konieczka received his BA from The University of Illinois in Operations Management and Marketing.

Alpha Capital also has enlisted a group of former or present chief executives to be a resource both to portfolio company management and the general partner at Alpha. Advisor members have valuable experience in the challenges of growing organizations and capitalizing on business opportunities. Depending upon the situation, a CEO Advisor may be available to serve on a portfolio company's board of directors or act as a consultant or mentor to management.

CEO Advisor	BIO	Industry
David Ashcraft	Founder and CEO of RSC Corp.	Software/Technology
William E. Bennett	Former Executive VP and Chief Credit Officer at First Chicago	Financial Services
Richard Burkhart	CEO and Owner of New Century Simplimatic, Inc.	Metals/Manufacturing
Charles T. Cricks	Former Executive VP and COO of Health Care Solutions, Inc.	Healthcare
Gary Garrett	Former Senior Partner at Andersen Consulting	Software/Technology
R.E. (Dick) George	Former CEO to Osco Drug and Ulta 3 Cosmetics & Salon, Inc.	Consumer Products/Retail
Russell A. Gilmore	CEO and Owner of ChemCore, Inc.	Chemicals
Kris Klepper	President and CEO of Superior Distributing Co.	Consumer products/Distribution
Henry Kuehn	Following a career at Baxter Laboratories, acted as CEO to venture-backed companies the healthcare industry	Healthcare
Robert T. Lewis	Currently serves part-time on staff as Senior Advisor; Former VP & GM of the two largest operating units at Babson Bros. Co.; Former GM at FMC	Manufacturing
Thomas A. Mays	Former Executive at NCR Corporation	Software/Technology
Douglas W. Mills	Former Senior Operating Executive of Quaker Oaks Corp. domestic food business	Consumer Products
Jon Rahman	Former Chairman and CEO of Western Ohio Health Care Corp.	Healthcare
Michael A. Sachs	Founder and CEO of Sachs Group	Healthcare
David Y. Schwartz	Retired in 1997 from Arthur Andersen as Partner and Head of the Global Retail Practice	Retail
Tadd C. Seitz	Former CEO and Chairman of The Scotts Company	Consumer Products
David T. Shelby	Former CEO of ICM Industries, Inc.	Manufacturing
Kevin L. Verner	Former COO of WMS Industries, Inc.; Former VP of New Business Development and officer at R.J. Reynolds Nabisco	Consumer Products
J. Dirk Vos	Chairman, Alpha Fund III Board of Advisors; Former Executive Vice President at First Chicago	Financial Services

Alpha Capital Partners - Team