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Mr. Hornung is the founder, Chairman, and Chief Executive Officer of Pacific Cycle of Madison, Wisconsin. He began his career in the bicycle industry while completing his degree in Economics from the University of Wisconsin. Utilizing contacts with bicycle manufacturers and distributors, Mr. Hornung built the business to a level of $86 million in sales. In late 2000, under Mr. Hornung's direction, Pacific Cycle purchased Brunswick Bicycles which included the Mongoose, Roadmaster, and Flexible Flyer brands. In September 2001, Pacific Cycle purchased Schwinn/GT. Mr. Hornung holds a Board position at Acufit Manufacturing in Taiwan. In 2002, he received an Ernst & Young Entrepreneur of the Year award. He is a guest lecturer at the University of Wisconsin Graduate School of Business. | 