Alan Angel became Chief Financial Officer of Waterford Group in January 1999. Since 1997, Mr. Angel has been the Chief Financial Officer of Mystic Suites, LLC. Mystic Suites, LLC is a commercial development firm based in eastern Connecticut, which currently holds an ownership interest in a number o hotels managed by the Waterford Hotel Group, Inc. Prior to joining Mystic Suites, LLC, Mr. Angel resided in South Africa and served as Chief Financial Officer of Rowan and Angel cc. Mr. Angel is Certified Public Accountant and a Chartered Accountant, and has more than 25 years of accounting experience. Angel holds an accounting degree from the University of the Witwatersrand in Johannesburg, South Africa.