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Mr. Hailey stepped down as Chairman on June 19 2007. He will continue to serve on the board of directors. Mr. Hailey has served as the Chairman of the Board of Directors since June 2005 to June 2007. Since 2004 he has served as Vice President of the Investment Banking Division of Taglich Brothers Inc. a New York-based full service brokerage firm specializing in private equity placements for small public companies. He is also a Director of Williams Controls Inc.
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