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Mr. Petersen became a director of Xenonics Holdings, Inc. in April 2005 and serves as the Audit Committee Chairman. He is President of Asset Management Group, and CFO and Senior Vice President of Collins Development Company and La Jolla Development Company. He earned an MBA and an MS in Taxation from San Diego State University with concentrations in finance and accounting, after which he worked for Arthur Young & Company, specializing in audit consulting and tax planning for major real estate companies and several Savings & Loan companies in San Diego. After graduating from the U.S. Naval Academy in 1968, Petersen flew carrier fighter aircraft in combat for seven years. He retired from The Naval Reserve after 23 years of service. Petersen is currently a Director of Collins Development Company, La Jolla Development Company, Willis Allen Company (residential real estate), La Valencia Hotel, Rancho Valencia Resort and has served as a Director of U.S. Labs (an engineering service company), where he was a member of the Audit and Compensation Committees | 