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Mr. Carlsson, who since October 11, 2004 serves as an independent Director of the Company’s Board, is a senior European executive who since 2003 has been working with Arrow Capital, a European Venture Capital firm based in Stockholm, Sweden. Mr. Carlsson has over the years been a President & CEO of a number of European corporations to include during 2001 - 2002 with Scanfood AB, currently part of Swedish Meats AB; during 1992 - 2000 with Scandic Hotels Europe AB, currently part of the global Hilton Hotel-Group; during 1990 - 1992 with FFV Aerotech AB and FFV Aerotech Ltd, currently part of the Saab-Scania Group and FL Schmidt; during 1988 - 1990 with the Kinnevik AB Group establishing Comvik Skyport/TELE2; and during 1974 - 1988 with the Nobel Industries AB, now AkzoNobel for several of their corporations. Comvik Skyport/TELE2 became in 1990 the second only private telecommunications company in Europe while telecommunications services in Europe were still dominated by government monopolies. Mr. Carlsson has been the executive for a number of companies in several different countries to include the U.S., the U.K. and Sweden and has also been on several different Board of Directors to include IAHI, International Association of Holiday Inns, Inc., and Tele8, an American telecommunications operator active in Europe. Mr. Carlsson has through his corporate career been active on a global basis and has experience in the European corporate world. With his base out of Europe and with his European experience, Mr. Carlsson will assist the Company if the Company proceeds with the corporate strategy to establish European and other overseas operations. Mr. Carlsson earned his M.S. degree in 1969 in Electrical Engineering from Chalmers University of Technology, Sweden and has completed several graduate studies in corporate finance, national economy and legal studies from the University of Uppsala, Sweden. Mr. Carlsson is a Swedish citizen and lives in Stockholm, Sweden.
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