Mr. Magerman founded Xenonics Inc. in November 1996 and has been its Chairman since that time. He has been Chairman of the Board of Xenonics Holdings Inc. since the acquisition of Xenonics Inc. in July 2003. Magerman also serves as Chairman of the Executive Committee. Mr. Magerman was Chief Executive Officer of both companies until April of 2005. Prior to founding Xenonics Mr. Magerman was a founder and former chairman of Odyssey Sports Inc. a privately held company engaged in development and distribution of golf clubs from 1990 through 1995. Mr. Magerman was a consultant and director of NTN Communications Inc. (NTN) a publicly held broadcasting and cable television company from 1984 through 1997.