Mr. Olmstead has served as a Director of the Company since April 2002.
Prior to 1985 he was a certified public accountant for nine years at Arthur Young & Company focusing primarily on audit services. In 1985 Mr. Olmstead became Vice President of Finance and Treasurer as well as a member of the board of directors of Indian Head Industries Inc. a manufacturer of interior trim and engine sealing components for the automobile industry and of brake system components for the heavy duty truck industry. The company operated six plants in Canada and Europe with annual revenues of approximately $110 000 000.
In 1993 Mr. Olmstead became a partner in a management consulting practice specializing in turnaround management of financially troubled businesses. Since 1997 Mr. Olmstead has operated as a self-employed consultant serving in numerous capacities for several companies including interim President and Chief Executive Officer and Chief Operating Officer.
Mr. Olmstead received his MBA from the University of Michigan with emphasis in finance and accounting and his BBA from Western Michigan University in finance and economics.