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Erik Hoffer was appointed as Executive Vice President and a director of the Company and President of CGM Sub in March 2005. Prior to joining the Company, Mr. Hoffer has been the president and chief executive officer of CGM, which he created in 1977. Prior to starting CGM, Mr. Hoffer was the national sales manager of Lamart Corporation from 1972-1977. For the past 37 years, Mr. Hoffer has designed and patented a number of theft control, authentication, barrier and theft detection products. He holds many patents and a considerable amount on corporate trade secrets in manufacturing these products. He is considered an expert in the areas of adhesive coating, conductive inks and cargo security science. For the past four 4 years, Mr. Hoffer has been the chairman of educational events for the National Cargo Security Council and previously the co-chairman of the NCSC GMATS program. Mr. Hoffer received a B.S. in industrial psychology from Northeastern University. He also holds an associates degree in transportation and traffic management. | 