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Paul A. Biddelman is President of Hanseatic Corporation, a private investment firm with overall assets under management exceeding $300 million. He joined the firm as principal in 1992 to strengthen private equity investments. Prior to joining Hanseatic and since 1982, he was Managing Director in Corporate Finance at Drexel Burnham Lambert Inc., where he had responsibility for the merchant banking portfolio and the real estate investment product. His prior investment banking and corporate finance experience included stays with Kuhn Loeb & Co (Lehman Bros.) and Oppenheimer & Co. Earlier in his career he practiced corporate and securities law at Willkie Farr & Gallagher. His Directorships include SystemOne Technologies Inc., ApplyYourself, Inc., HigherOne, Inc. and DocuSys, Inc. His academic background includes a B.S. from Lehigh University, a Juris Doctorate from Columbia Law School and a Masters in Business Administration from the Harvard Business School. | 